Roberto Jacobs / Blog
EUR/GBP Stable Around 100-DMA, UK Manufacturing Data Eyed Following an intra-day sharp slide of over 100-pips and a subsequent recovery to half-way mark on Tuesday, the EUR/GBP cross seems to have found equilibrium on Wednesday and is currently trading around 100-day SMA near 0.7800 region...
Buy NZD on Dips to 0.6720 - Westpac Research Team at Westpac, suggests buying NZD on dips to 0.6720, stop at 0.6650 on bullish macro and model signals. Key Quotes “The US dollar is under renewed selling pressure, pushing NZD/USD higher towards 0.7050...
Iron Ore Riding an Unsustainable Wave - NAB Gerard Burg, Senior Economist at NAB, suggests that after trending lower across 2015, iron ore prices staged a short-term volatile rally in early 2016 – returning close to US$70 a tonne in late April...
GBP/USD: Upside Capped by 1.4560, Awaits UK Data The bears are seen guarding 1.4560 fencing, as the GBP/USD pair fails every attempt to extend the upside beyond the last, despite improving risk sentiment. GBP/USD trades above 20-DMA at 1.4540 Currently, GBP/USD now trades +0.06% higher at 1...
FxWirePro: AUD/USD Upside Capped Below Daily Cloud, Some Consolidation Likely Before Next Move AUD/USD trades modestly flat on the day, likely to consolidate gains of the previous session. The pair spiked to hit fresh five-week highs of 0...
EURUSD Daily Forecast: June 08 2016 EURUSD Forecast The EURUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.1470. Immediate support remains around 1.1285...
GBPUSD Daily Forecast: June 08 2016 GBPUSD Forecast The GBPUSD attempted to push higher yesterday topped at 1.4659 but closed lower at 1.4542. The bias is neutral in nearest term and price is still trapped between 1.4700 – 1...
USDJPY Daily Forecast: June 08 2016 USDJPY Forecast The USDJPY was indecisive yesterday. Price slipped above 107.70 resistance area but whipsawed to the downside and hit 106.72 earlier today. The bias is bearish in nearest term testing 106.00 – 105...
USDCHF Daily Forecast: June 08 2016 USDCHF Forecast The USDCHF continued its bearish momentum yesterday bottomed at 0.9644. The bias remains bearish in nearest term testing 0.9570. Immediate resistance is seen around 0.9670...