Roberto Jacobs / Blog
BoJ: A Different Kind of Surprise - ING James Smith, Economist at ING, suggests that the BoJ took markets by surprise by holding back on adding stimulus at their April meeting, disappointing many who had expected further action...
Risk-Off Grips Europe Post-BOJ, Poor Earnings Weigh The risk-sentiment took a hit this Thursday after the BOJ failed to unveil further stimulus measures and stood pat instead, which disappointed markets and squashed hopes of cheap money flooding the markets...
USD/CAD Slides Further, Eyeing 1.2500 Mark Extending its weakness, the USD/CAD dropped to fresh 2016 lows of 1.2528 on broad based USD weakness and is currently trading marginally above day's through. Adding on to its drop of over 14% from multi-year high touched in Jan...
EUR/JPY Smashed to 8-Day Lows After BOJ’s Fall-Out The yen continues to hammer its European counterpart in the European session, as the former remains heavily in demand across the board on BOJ’s inaction at its today’s meeting. EUR/JPY erodes last week’s rise The EUR/JPY pair now drops -2...
GBP/USD Attempting to Reclaim 1.4600 Mark The GBP/USD pair has been trading in a range below 1.4600 level, as it awaits for fresh triggers to build on the recent gains. Declining fears of a 'Brexit' has been the key trigger for pair's recent up-move...
FxWirePro: AUD/USD Retakes 0.76 Handle, Broad USD Weakness Supports Broad USD weakness has helped AUD/USD recover lows of 0.7548 hit on Wednesday's trade. Surprisingly weak Australian CPI numbers on Wednesday saw sharp slump in AUD/USD...
FxWirePro: Swedish Krona Gains Against Euro Ahead of Retail Sales Data EUR/SEK is currently trading around 9.152 levels. It made intraday high at 9.1633 and low at 9.1495 levels. Intraday bias remains bearish for the moment. A daily close below 9.1437 will tests key supports at 9.1273 and 9...
Elliott Wave Analysis of EUR/NZD for April 28 - 2016 Wave summary: We finally saw a break above the important short-term resistance at 1.6499 to indicate that an important low was seen at 1.6062 and a new impulsive rally is developing. In the short term, we continue to look for support near 1...
Elliott Wave Analysis of EUR/JPY for April 28 - 2016 Wave summary: EUR/JPY only reached 126.47 before collapsing as the Bank of Japan announced no change after its meeting today. That disappointed the market and sent the cross pair strongly lower...