Roberto Jacobs / Blog
Brent Oil Backs Off From Daily Highs, Eyes US Supply Data Brent prices rallied to a session high of $38.80 before it trimmed gains to trade around $38.55 levels...
USD/CHF Firmer, Advances Beyond 0.9600 The greenback is extending its upside momentum today, taking USD/CHF to the area of session highs in the 0.9600 neighbourhood...
RBA’s Kent - Large Exchange-Rate Movement May Be Big Shock to Economy Reserve Bank of Australia’s (RBA) Kent was on the wires calling large exchange rate movement could result in a big shock to the economy...
FOMC: Expect a Very Dovish Set of Minutes - Rabobank Stefan Koopman, Market Economist at Rabobank, suggests that the minutes of the FOMC’s March meeting should provide more insight into why the Fed’s now projecting a shallower path of interest rates...
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...