Roberto Jacobs / Blog
Gold Breaches Hourly 200-SMA Support in Asia The yellow metal extends weakness into a third day today, accelerating further below the hourly 200-SMA support, amid non-existent demand for the safe-havens. Gold off lows, regains 50-DMA at 1232.60 Currently, gold drops -0.60% to trade at 1233...
SGD: MAS Returns to GFC Policy Stance - Westpac Sean Callow, Research Analyst at Westpac, notes that the Monetary Authority of Singapore (MAS) returned to the neutral stance on SGD it adopted in the wake of the Global Financial Crisis...
FxWirePro: USD/JPY Edges Lower from Fresh Weekly High at 109.55, Weakness Only Below 5-Dma at 108.65
FxWirePro: USD/JPY Edges Lower from Fresh Weekly High at 109.55, Weakness Only Below 5-Dma at 108.65 USD/JPY has scored a high of 109.54 as the greenback strong across the board. Fed speakers were optimistic and more hawkish yesterday, relieving the dollar from the post Yellen New York speech...
Oil: Expectations for Doha May be Inflated – BBH Research Team at BBH, suggests that the weekend meeting between many OPEC and non-OPEC producers has helped spur the recent gains in the price of oil and they are concerned that market may be getting ahead of itself...
Nikkei Drives Asia Higher as Yen Extends Slide The risk-on sentiment across the Asian markets intensified this Thursday, after a strong close on the Wall Street overnight and higher base metals’ prices. While unexpected easing by Singapore’s central bank also provided fresh impetus to the markets...
Asian Markets Turn Higher on the Back of Positive Global Sentiments, Gold Slides Below $1240 All the major global indices are trading on a higher note on Thursday. In addition, Wall Street closed with healthy gains on Wednesday...
FxWirePro: ASX200 Faces Strong Support at 5020, Good to Buy at Dips Major support - 5078 ASX200 has broken major resistance 5078 and jumped till 5099. It is currently trading at 5095. Short term trend is slightly bullish as long as support 45020 holds...
FxWirePro: Nikkei 225 Faces Strong Resistance at 17300, Good to Buy at Dips Short term trend reversal level - 17300 The index has broken major resistance 16650 and jumped till 16808 at the time of writing . It is currently trading around 16740...
FxWirePro: Go Long on AUD/NZD Above 1.1123 With Stop Loss at 1.1060 and Target at 1.1357 AUD/NZD is trading around 1.1145 marks. Pair made intraday high at 1.1151 and low at 1.1052 marks. Aussie gains sharply after better than expected Australia’s employment data...