Roberto Jacobs / Blog
USD/CAD Unable to Clear 1.2600 Immediate Hurdle The USD/CAD pair has managed to register a minor recovery from day's through of 1.2528 but seems to face difficulty in moving back above 1.2600 handle...
Gold Trading $1250 on Weak US Dollar Weaker US Dollar helped Gold to gain momentum on Thursday, taking the yellow metal above the closely watched $1250 level...
EUR/USD Edges Lower After US GDP, Jobless Claims EUR/USD edged slightly lower but remained in positive ground for the day following a string of disappointing US data. US GDP slowed to 0.5% in the first quarter according to the advance estimate, missing expectations of 0.7% grow...
NZD Rallying as RBNZ Left Policy on Hold - BBH Research Team at BBH, notes that after the Japanese yen, the New Zealand dollar is the strongest of the majors and is up about 1.6%, having been up closer to 2% earlier as the RBNZ left policy on hold...
EUR/JPY Tumbles Below 123.00 Level The EUR/JPY pair tumbled from early morning highs of 126.47 all the way to 122.54 and has failed to register any meaningful recovery even after such steep fall...
EUR/USD Clings to 1.1350 After German Inflation Data EUR/USD continues to trade near recent highs around 1.1350, following the release of German inflation numbers. German consumer price index fell 0.2% in April but rose 0.1% YoY, matching expectations...
FxWirePro: AUD/CAD Breaks Below 200-Dma at 0.9692, Good to Sell Rallies AUD/CAD slump post dismal Australia's CPI data on Wednesday saw the pair break below strong 200-DMA support at 0.9692. Bearish bias in the pair has risen and momentum studies heavily tilted to the downside...
USD/CHF Breaks Major Trend Line Support, Decline Till 0.9630/0.9575 Is Possible Major resistance- 0.9760 Major support - 0.9680 (trend line joining 0.9493 and 0.9584) The pair has broken major support 0.9680 and declined till 0.96610 at the time of writing. It is currently trading around 0.96579...
Oil is Favored Higher While Above 42.51 Short term Elliottwave structure suggests that rally from 35.23 on 4/5 remains alive as a triple three where wave W ended at 42.42 on 4/13, wave X ended at 37.61 on 4/18, wave Y ended at 44.49 on 4/21, and 2nd wave X pullback is proposed complete at 42...