Roberto Jacobs / Blog
Gold Holding Steady Below $1250 On Wednesday, Gold prices moved higher for third consecutive day as Tuesday weak US economic data reassured investors that the Fed is likely to move slowly in raising interest rates...
CAD/JPY Faces Strong Resistance at 88.68, Break Above Targets 90 Major resistance- 88.68 (200 day MA) The pair has made a high of 88.49 at the time of writing and declined from that level. It is currently trading around 88.34. Short term trend is slightly bearish as long as resistance 88.70 holds...
GBP/USD Fails to Sustain Strength above 1.4600 Mark Following the release of UK GDP print, which matched consensus estimates, the GBP/USD recovered from early losses and climbed back above 1.4600 mark just to erase all of its gains to trade nearly unchanged from yesterday's close...
EUR/USD Bounces from Lows sub-1.1300 EUR/USD retreated from daily highs and briefly dipped below the 1.13 mark, although the pair managed to quickly regain the psychological level. EUR/USD slid to the 1.1290 area at the beginning of the American session but turned higher and rose to 1...
NZD/USD Slides Further Ahead of the Fed and RBNZ Expectations that RBNZ might discuss prospects of a rate-cut during its monetary policy meeting on Thursday dragged the NZD/USD pair lower below 0.6850 level...
CHF/JPY Trade Idea Major resistance – 114.65 (200 4 HMA) Major support – 113.40 The pair has broken minor resistance 114.27 and jumped till 114.59. It is currently trading at 114.59. Short term trend is slightly bullish as long as support 113.40 holds...
Crude Oil Hits Fresh 2016 High On Wednesday, WTI crude oil futures rose to $45.10 mark, hitting its highest level in 2016, before retracing a bit to $44.80 ahead of weekly inventory data and the key Fed monetary policy decision...
US FOMC Preview: 10 Major Banks Expectations We are closing into the FOMC’s April policy meet decision and the markets are going into the FOMC announcement without many expectations...
USD/CAD Dips Below 1.2600 Mark to Hit Fresh 2016 Low Tracking strength in WTI crude oil prices, the USD/CAD pair dropped to fresh 2016 low of 1.2574 before attempting a pull-back towards 1.2600 round figure mark...