Roberto Jacobs / Blog
FxWirePro: GBP/JPY Struggles to Break Below 160, Good to Buy at Dips Major resistance -162.60 Major support – 160 The pair has recovered yesterday after making a low of 160.01. It is currently trading around 160.75. Short term trend is still bullish as long as support 160 holds...
FxWirePro: AUD/USD Struggles at 0.77 Handle, Bias Lower Charts show scope for some downside in AUD/USD, but fundamentally it is difficult to argue for AUD downside. Rally in iron ore and steel prices, plus by oil’s resilience, argues for an extension of existing AUD speculative longs...
FxWirePro: US Oil Breaks Major Support at $43, Good to Sell on Rallies Major support - $43 Major resistance - $44.50 US oil has broken major support $43 and declined till $42.56 yesterday. It is currently trading around $42.86...
Oil: Recovery Loses Steam Ahead of API Report, FOMC Oil benchmarks on both sides of Atlantic stalled the rebound seen in the Asian session and fell back in the red zone as focus now shifts towards the weekly supplies reports and FOMC verdict...
NZD/USD Retests 0.6880 Support Turned Immediate Resistance Level Adding on to Monday's minor recovery, the NZD/USD pair has been steadily climbing higher and is inching closer to 0.6900 mark to currently trade around 0.6880 level...
US: Durable Goods Orders Projected to Rebound - TDS Research Team at TDS, expects that the US Durable goods orders are projected to rebound in March following a 3.0% decline last month. Key Quotes “TD sees an upside risk to the market consensus of +1...
EUR/GBP in the Red, Holds Above Monday’s Low The pound remains better bid versus its European counterpart in the early dealings, keeping EUR/GBP under pressure near 0.7770 region. EUR/GBP mires near six-week lows Currently, the EUR/GBP pair trades 0.08% lower at 0...
AUD/USD Hovering Around 0.7700 Mark Following its recovery back above 0.7700 mark, the AUD/USD pair has been consolidating within a narrow trading range between 0.7700 mark and 0.7730 level...
EUR/USD Dips to 1.1260 During Asian Trade After failing to extend its recovery from an intermediate support near 1.1220-15 area, the EUR/USD pair on Tuesday is trading with some minor weakness and is currently trading near 1.1260...