Roberto Jacobs / Blog
USD/CAD Drops to Fresh 2016 Lows, 1.27 Eyed? The Canadian dollar continues to gather pace today, now relegating USD/CAD to print fresh YTD lows near 1.2720. USD/CAD lower on oil, USD Further recovery in crude oil prices is now sending the barrel of West Texas Intermediate to challenge the $42...
CAD/JPY Faces Strong Resistance at 85.75, Break Above Targets 86.35/87.45 Major resistance – 85.75 Major support -84.60 (55 day 4H EMA) The pair has made a high of 85.56 in the morning and slightly declined from that level. It is currently trading around 85.46...
Oil Prices have Additional Room for Rebound, Brent Crude Likely to Average Usd46/bbl in Q4 2016 The drop in oil price after the Doha talks failed to come to an agreement regarding freezing oil output was for a short period of time...
FxWirePro: EUR/GBP 5-Month's Uptrend Seems Restrained at 61.8% Fibos, Break-Out Below Channel Base Signals More Bearish Technical Glimpse and Trade Tips: EOD technical charts have shown down-streak has now continued from yesterday’s close at 0.7920 to the current 0...
USD/JPY: Bulls Unstoppable, Climbs Further to Test 109.50 The ongoing upbeat momentum in the USD/JPY pair gained further traction in the last hour as the rebound in oil prices gather pace and triggered a renewed risk-on wave across the markets...
EUR/USD Bearish Stance Losing Momentum? – UOB The research team at UOB Group sees the bearish picture unchanged around EUR/USD, albeit losses could be limited around 1.1140...
SEK Expected to Appreciate Further – Danske Bank Stefan Mellin, Senior Analyst at Danske Bank, sees the Swedish krona gathering further traction in the medium term. Key Quotes “EUR/SEK is close to our 1-3M target at 9...
USD/JPY Finds Support at 108.80, Revisits Daily Highs The retreat in the USD/JPY pair met fresh offers near 108.80 region, and the major swung back the familiar range above 109 levels amid rallying European stocks. USD/JPY supported well above hourly 200-SMA at 108...
EUR/USD Key Support Lies at 1.1234 – Commerzbank Axel Rudolph, Senior Technical Analyst at Commerzbank, believes spot could test the 1.1140 area once 1.1234 has been cleared. Key Quotes “EUR/USD recently charted a minor new high of 1.1465 which was not confirmed by the daily RSI”...