Roberto Jacobs / Blog
AUD: Set to Remain in 0.74 to 0.78 Range for Near-Term - Westpac Research Team at Westpac, notes that the RBA acknowledged the higher currency, but put forward 'some increase in commodity prices' and 'monetary policy developments elsewhere in the world' as driving factors...
Asian Sstocks See Relief Rally on Oil Rebound The sentiment on the Asian stocks rebounded this Wednesday, after a bearish start to the week, as the oil price rebound offered some reprieve to the energy sector stocks, while a weaker yen aimed reduced demand for safe-haven also boosted the Japanese...
Former BOJ Official: Little Possibility of Intervention to Curb Strong Yen In an interview via Bloomberg on Wednesday, Tohru Sasaki, head of Japan markets research at JPMorgan and a former official at the BOJ, said that the BOJ intervention is less likely to restrict the recent yen’s appreciation...
CAD: Hot on the Commodity Bloc – Deutsche Bank Robin Winkler, Strategist at Deutsche Bank, suggests that valuation differentials across the dollar bloc are at all-time highs and the Antipodes are 15% too expensive on PPP while CAD is 5% too cheap...
NZD/USD Back on the Bids above 0.68, Risk-on Underpins The NZD bulls caught a fresh bid tone over the last hour, allowing NZD/USD to regain 0.68 barrier as the oil price rebound lifts overall market sentiment. NZD/USD re-attempts hourly 200-SMA at 0.6817 Currently, the NZD/USD pair trades 0...
Gold Fails Near 20-DMA Resistance, Fed Minutes in Focus Gold prices reverse a part of yesterday’s solid rebound and now waver around $ 1230 barrier, on improved risk sentiment as Asian equities rebound along with the oil prices...
EURUSD Daily Forecast: April 06 2016 EURUSD Forecast The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. As long as stay above 1.1335 price is still in a bullish phase testing 1.1500 which remains a good place to sell with a tight stop loss...
GBPUSD Daily Forecast: April 06 2016 GBPUSD Forecast The GBPUSD had a bearish momentum yesterday bottomed at 1.4121. The bias is bearish in nearest term testing 1.4050 area. Immediate resistance is seen around 1.4200/25...
USDJPY Daily Forecast: April 06 2016 USDJPY Forecast The USDJPY had a significant bearish momentum yesterday, broke below 110.96 key support as you can see on my daily chart below. The bias is bearish in nearest term testing 109.50 area. Immediate resistance is seen around 110.96...