Roberto Jacobs / Blog
EUR/GBP Attempts Recovery After Weak UK Data The recovery in the EUR/GBP pair is gathering pace after the UK trade deficit figure printed higher than estimates, while manufacturing production contracted sharply. Trades around 0.8070 The cross hovers around 0.8070 from the pre-data level of 0...
EUR/USD Still Neutral Near Term – UOB In view of analysts at UOB Group, EUR/USD keeps its neutral bias for the next 1-3 weeks. Key Quotes “EUR touched 1.1453 yesterday but dropped quickly from the high”...
US Oil Breaks Major Trend Line Resistance, Targets $39.35/$40 Major support - $36.80 (200 day 4HMA) Major resistance - $38 (trend line joining $40.11 and $38.26) US Oil has taken support near 200 day 4H MA and recovered from that level. It is currently trading around $38.16...
Swiss Fx Reserves Increases in Past 12 Months EUR/CHF was under moderate pressure in the past few days. It is now trading much below the mark of 1.09 again. The new exchange rate regime does not work to avert increase in balance sheet of SNB, according to Commerzbank...
Oil Extends Gains, WTI Rises 3% Oil prices extended gains in Europe, with both benchmarks trading at least 3% higher on the day as traders cheered Fed’s bullish comments on economy and strong German data. At the time of writing, WTI futures were up 3.5% at $38.57/barrel. Brent futures traded 3...
USD/JPY Door Open for a Visit to 106.63 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, spot remains headed towards the 106.60 area. Key Quotes “USD/JPY remains on course for the 106.63/38.2% retracement of the move up from 2012”...
GBP/USD Clinches Highs Beyond 1.4100, UK Data Eyed A bout of buying interest in the risk-associated space has given extra wings to the sterling, helping GBP/USD to regain the 1.4100 handle and above...
USD/JPY Attempting Break Above Hourly 50-MA The corrective move in the USD/JPY strengthened further in Europe, with the pair making a failed attempt to break above hourly 50-MA located at 109.10 levels...
Technical Analysis of USDX for April 8, 2016 The Dollar index is showing signs of a possible reversal that is near. Several bullish divergence signals are given despite the new low. The trend remains bearish but dollar bears should be very cautious as a reversal could occur any time now...