Roberto Jacobs / Blog
Technical Analysis of USD/JPY for May 02, 2016 In Asia, Japan will release the Final Manufacturing PMI and the US will release some economic data such as the Loan Officer Survey, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, and Final Manufacturing PMI...
Oil Extends Retreat from 2016 Highs on Rising OPEC Output Oil benchmarks on both sides of Atlantic faded a tepid bounce and fell back in the red this Monday, extending its retreat from fresh 2016 tops...
USD/JPY Recovers a bit, 107.00 Level Eyed for Further Recovery On Monday, the USD/JPY pair has managed to register some minor recovery from 106.00 vicinity to currently trade near 106.55 level...
EUR/USD Could Struggle Near 1.1500 – Commerzbank Axel Rudolph, Senior Technical Analyst at Commerzbank, sees the pair’s upside struggling in the boundaries of 1.1500. Key Quotes “EUR/USD is still rising but now digs into resistance which remains to be seen at the 1.1465/95 April and October peaks...
AUD/NZD: RBA to be the Main Influence on Near Term Direction - Westpac Imre Speizer, Senior Market Strategist at Westpac, suggests that it’s a big week for AUD/NZD cross, with the RBA likely to be the main influence on near term direction...
USD/JPY: Modest Support from Buying on Dips but Upside Capped – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, notes that the major lifers have unveiled their investment strategies for FY3/17 and they face a situation in which securing yields in excess of the assumed rate of return is...
Daily Analysis of Major Pairs for May 2, 2016 EUR/USD: The EUR/USD went upwards by 230 pips last week. The movement lasted a week and has resulted in a bullish bias in the market. The resistance line at 1...
NZD/USD Struggles to Extend Above 0.70, Lower Oil Weighs Having peaked at 0.7020 in early Asia, the NZD/USD pair drifted lower as we head into early Europe, and now struggles to rise back above 0.70 barrier. NZD/USD: making higher tops on daily charts Currently, the NZD/USD pair trades 0...
NZD/USD Will Decline Throughout the Year - Westpac Imre Speizer, Senior Market Strategist at Westpac, notes that the NZD/USD was rescued from a breakdown by the RBNZ’s hawkish surprise last Thursday...