Roberto Jacobs / Blog
EURUSD Daily Forecast: June 06 2016 EURUSD Forecast The EURUSD had a strong bullish momentum last week, topped at 1.1373 after bounced off the lower line of the bullish channel as you can see on my daily chart below. The bias is bullish in nearest term testing 1.1470 region...
GBPUSD Daily Forecast: June 06 2016 GBPUSD Forecast The GBPUSD was indecisive last week. As you can see on my daily chart below price is moving sideways between 1.4700 – 1.4350 and we need a clear break from that range area to see clearer direction. The bias is neutral in nearest term...
USDJPY Daily Forecast: June 06 2016 USDJPY Forecast The USDJPY had a strong bearish momentum last week bottomed at 106.51. The bias is bearish in nearest term testing 106.00 – 105.50 which is a good place to buy with a tight stop loss. Immediate resistance is seen around 107.70...
USDCHF Daily Forecast: June 06 2016 USDCHF Forecast The USDCHF had a bearish momentum last week fell below 0.9795 key support as you can see on my daily chart below. The bias is bearish in nearest term testing 0.9670. Immediate resistance is seen around 0.9795...
FX Market in Need of Conviction - Commerzbank Obviously, the currency market is still not convinced of a Fed rate hike in summer, especially after today’s disappointing US nonfarm payrolls...
Fed's Brainard: Appropriate to Wait for a Rate Hike Until Developments Provide Greater Confidence Fed's Governor Lael Brainard said that she wants to see more data before a rate hike and that she still sees slack in the labour market...
US May NFP: Not a Signal of Underlying Weakening - Lloyds Bank According to analysts from Lloyds Bank the market possibly overreacted to the US employment report. They expect labor market weakness to be temporary but point out that today’s numbers will give FOMC staff a pause to think...
Flash Comment US: No Summer Hike - Danske Bank There was almost nothing good in the US jobs reports for May - and remember the jobs report for April was not strong either. Employment rose only by 38,000, the lowest since 2010 (dragged down 35,000, however, by a Verizon strike...
Weekly Focus: Weak US Job Report Should Keep Fed Off the Trigger Market movers ahead The focus continues to be on whether the Fed is about to hike this summer. Today's job report makes it in our view unlikely that the Fed will hike over the coming months...