Roberto Jacobs / Blog
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...
WTI Consolidating Around $45.00 Region After closing above $45.00/barrel mark for the first time since early Nov. 2015, WTI crude oil futures seem to digest its gains around $45.00 mark...
AUD Jury is Out - Till Tuesday - Westpac Sean Callow, Research Analyst at Westpac, suggests that AUD/USD’s path to 0.80 we discussed last week has taken a huge hit from Australia’s shockingly low Q1 CPI report. Key Quotes “Whether 0...
US: Initial Jobless Claims and Q1 GDP in Focus - BBH Research Team at BBH, suggests that the US reports weekly initial jobless claims and the first estimate of Q1 GDP...
USD/JPY: Staying Bearish, Following Unwind of Longs Promised on BoJ Easing – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, notes that the BoJ policy meeting today decided to maintain current policy while some in markets speculated that the BoJ might increase ETF purchase and adopt a...
GBP/USD Fails to Sustain Above 1.4600, US GDP Eyed The GBP/USD pair made another failed attempt to sustain its strength above 1.4600 mark and the pair has now erased majority of its early gains and has dropped back below 1.4550 level...
BoJ Defied Expectations - BBH Research Team at BBH, suggests that the Bank of Japan defied expectations and its economic assessment and left policy unchanged. Key Quotes “The inaction spurred a 3% rally in the yen and an even larger slump in stocks...