Roberto Jacobs / Blog
USD/JPY Outlook Shifted to Bearish – UOB In view of the research team at UOB Group, the pair’s perspective has turned to bearish in the next 1-3 weeks. Key Quotes “USD broke below last month 110.65 low to touch a 109.94”...
USD/JPY Struggles to Avoid Losses as BOJ Hesitates to Intervene USD/JPY is working hard to avoid losses as Bank of Japan policy officials rule out FX market interventions and talk about 100 levels in the pair. Hovers around 110.30 The spot is now trading around 110...
Eurozone: Consumers don’t Act on Lower Confidence - ING Bert Colijn, Senior Economist at ING, suggests that the Eurozone retail sales increased in February and reached the highest level since early 2008, defying increased nervousness among consumers because of global turmoil...
Risk-Off Flows Jolt Currency Markets - Investec Research Team at Investec, notes that yesterday was another day of risk-off moves, as stock markets were a sea of red and currency markets saw safe-haven moves into the US Dollar, and notably the Japanese Yen which reached 1.5 year highs...
Gold on the Back Foot as USD Climbs Ahead of Fed Minutes Gold extends its retreat from 20-DMA resistance and remains heavily offered in the mid-European session, on the back of broad based US dollar rebound. Gold: FOMC minutes to confirm the recent Yellen’s dovish stance...
GBP/USD Accelerates the Breach of 1.41 The sterling is now quickly losing the temper vs. the dollar, sending GBP/USD further south of the 1.4100 handle...
FXWIREPRO: AUD/CAD Rises from Lows of 0.9897, Finds Strong Resistance at 0.9950 AUD/CAD downside on Tuesday found support by the daily cloud, currently spanning 0.9778 to 0.9884. The pair took support by cloud top at 0.9893 and edged higher to currently trade around 0.9941 levels...
Technical Analysis of EUR/CAD for April 06, 2016 According to my yesterdays' analysis, EUR/CAD started moving higher after rejecting the S1 (1.4850)support and the 200 Moving Average. Pair broke above R1 (1.4960) once again confirming a bullish trend...
Technical Analysis of NZD/CAD for April 06, 2016 NZD/CAD is trading in a clear range where 2 key levels can be seen. The resistance is near 0.9090, and the support is near 0.8910. Overall, price broke above the 200 Moving average and currently is rejecting it...