Roberto Jacobs / Blog
Technical Analysis of Gold for April 6, 2016 Gold bulls tried to push the price higher yesterday but the price still remains inside the bearish channel and the most probable outcome remains a move towards $1,190 before a bigger bounce...
Gold Turns Negative as Oil Rallies Gold prices turned negative as corrective rally in oil, coupled with a n upbeat China services PMI data calmed market nerves and capped safe haven demand. Eyes 50-DMA Prices appear on track to test 50-DMA support at $1219.05 levels...
US: Jobs Market Not So Strong - ING James Knightley, Senior Economist at ING, suggests that the latest Federal Reserve’s Labour Market Conditions index posted a third consecutive drop, hinting that the jobs market may not be as strong as Friday’s payrolls report had suggested...
Technical Analysis of USD/CHF for April 06, 2016 Wave summary: We are still looking for support near 1.6640 to protect the downside for a rally above 1.6833 confirming upside acceleration towards 1.7220 on the way higher to 1.8550. Even if minor support at 1...
US: Trade Deficit Getting Wider and Wider - Rabobank Stefan Koopman, Market Economist at Rabobank, notes that according to the latest US trade figures, the deficit in February was even wider than projected in last week’s advanced estimate. Key Quotes “Imports of goods exceeded exports by USD 47...
Technical Analysis of NZD/USD for April 06, 2016 NZD/USD is under pressure and expected to trade in a lower range. The pair remains under pressure below its key resistance at 0.6850, and is likely to challenge its nearest support at 0.6755 (April 5 low...
Technical Analysis of GBP/JPY for April 06, 2016 GBP/JPY is expected to trade in a lower range as the pair is under pressure. The pair stays below its resistance at 157.15 and has been capped by its descending 50-period moving average...
GBP/USD – Bear Grip Strengthens, Slides Further Sterling bears continue their relentless march, pushing GBP/USD to a fresh daily low of 1.4113 levels. Rejected at 23.6% Fibo A minor attempt by bulls to regain control of the pair was thwarted around 1.4165 (23.6% of 1.5230-1...
BOJ May Hit Bond Purchase Limit in 2017 – Ex-BOJ Deputy Governor Iwata Former BOJ deputy governor Kazumasa Iwata said in a Bloomberg interview published on Wednesday, that the central bank will reach its bond buying limit by mid next year, which will make negative interest rates policy a key tool...