Roberto Jacobs / Blog
FxWirePro: AUD/CAD Finds Stiff Resistance at 0.9542, Good to Sell Rallies AUD/CAD is extending downside from 1-month highs of 0.9545 hit on Tuesday. Intraday bias for the pair is lower, pair finds immediate support at 0.9455 (trendline), then 0.9446 (10-DMA). Major resistance is seen at 0...
EUR/USD Steadies Around 1.1370 as German Yields Drop to Record Lows Little action is seen in the EUR/USD pair in the European session this Wednesday, as the EUR markets have turned cautious amid ECB’s corporate bond purchases and looming Brexit concerns...
EUR/GBP Tests Highs Near 0.7840 A bout of selling pressure saw EUR/GBP briefly testing daily highs in the 0.7840 area before deflating a tad to the current 0.7825/20 band. EUR/GBP focus on UK data The European cross is reverting part of Tuesday’s drop to the mid-0...
GBP/USD Tracks UK Yields Lower, 1.4500 Tested ahead of UK IP The GBP/USD pair failed to keep gains and dropped sharply to 1.45 handle, mainly driven by fresh selling in the UK yields on increased uncertainty surrounding the EU referendum. GBP/USD fresh bids emerge at 1...
EUR/CHF Climbs to Session Tops, 1.10 on Sight? The Swiss franc is now giving away part of yesterday’s strong advance vs. its European peer, sending EUR/CHF to the boundaries of 1.0990...
CAD/JPY Faces Resistance at 84.25, Break Above Targets 85/85.50 Major resistance – 84.25 (trend line joining 84.43 and 84.31) Major support – 83.60 (90 H EMA) CAD/JPY has jumped till 84.21 after making a low of 83.74 at the time of writing. It is currently trading around 84.09...
Oil Turns Flat to $50.40, Eyeing EIA Inventory Data for Further Direction After hitting a fresh 8-month high level of $50.54, WTI crude oil prices retraced a bit from session high level to currently trade absolutely flat at Tuesday's closing high level of $50.40...
Gold Rises Above $1250 to a Fresh 2-Week High Level Following a minor pull back on Tuesday, dimming expectations of a Fed rate-hike continued assisting Gold to inch higher on Wednesday to currently trade above 50-day SMA resistance at a fresh 2-week high level of $1251...