Roberto Jacobs / Blog
FXWIREPRO: GBP/JPY Faces Strong Support at 154, Good to Buy at Dips Major resistance- 155.80 (55 4 H EMA) Major Intraday support – 154 GBP/JPY has made a high of 155.51 yesterday and started to decline from that level .It is currently trading around 154.99...
BoC to Stay the Course - BNPP Research Team at BNP Paribas, suggests that for today’s Bank of Canada announcement the focus will be on the updated macroeconomic projections incorporating additional fiscal spending. Key Quotes “The government expects the budget to boost 2016 GDP growth by 0...
FXWIREPRO: GBP/JPY Intraday Bull Swings Likely Extend to Resistance at 156.200 But Long Term Downtrend The bounce back above trendline is reasonable, now facing a stiff resistances at 156.200 and upper trendline...
Elliott Wave Analysis of EUR/NZD for April 13 - 2016 Wave summary: The expected rally has failed miserably and we are currently seeing a test of the support line from 1.5784. This support-line near 1.6229 needs to protect the downside or we will have to review our count. A break below 1...
Elliott Wave Analysis of EUR/JPY for April 13 - 2016 Wave summary: We are still locked inside the triangle consolidation and we remain on the outlook for a thrust out of the triangle towards the downside for a decline to 120.98. A break below minor support at 123...
US Retail Sales: Constructive Underlying Spending Ton – TDS Research Team at TDS, suggests that the weaker auto sales should be a key source of drag on US headline retail sales activity, pushing the pace of spending down for the third consecutive month...
EUR/JPY has Likely Bottomed, Now on Track to Rebound - BNPP Research Team at BNP Paribas, suggests that the main data release on Wednesday is Eurozone February industrial output where our economists expect a decline of 0.6% m/m...
Technical Analysis of USD/JPY for April 13, 2016 In Asia, Japan will release the PPI y/y, M2 Money Stock y/y and the US will release some economic data such as the Beige Book, 10-y Bond Auction, Crude Oil Inventories, Business Inventories m/m, Core PPI m/m, Retail Sales m/m, PPI m/m, Core Retail...
Technical Analysis of EUR/USD for April 13, 2016 When the European market opens, some economic news will be released such as Industrial Production m/m and the French Final CPI m/m...