Roberto Jacobs / Blog
EUR/USD: Levels, Ranges, Targets Draghi on hold is the result to alternatives to CHF, GBP, DKK and SEK as those interest rates trade below European rates and are literally on the floor near zero. Negative interest rates contain bottoms at zero. Added is non negative interest rate nation GBP...
NZD/USD Inches Higher to 0.6850 ahead of NFP Release Maintaining its strong bid tone, the NZD/USD pair continues to inch higher and is now attempting to build on to its gains beyond 50-day SMA. Currently trading around the mid-point of 0.6800-0...
US NFP Preview: What to Expect of EUR/USD The US Bureau of Labor Statistics will publish the results of the Non-farm Payrolls later in the NA session, with consensus expecting the US economy to have created 164K jobs during May and the unemployment rate to have ticked lower to 4.9% from 5.0...
US NFP Preview: 8 Major Banks Expectations from the May Release We are closing in on the May’s release of US Non-Farm Payrolls data. The following are the expectations as forecasted by the economists and researchers of 8 major banks...
AUD/JPY Recovers to 79.00 from Near-Term Trading Range Support Last two days of bearish move now seems to be fading away and the AUD/JPY cross recovers back to 79.00 mark, extending a bounce off 78.30 support area tested on Thursday...
USD/TRY Off Highs, Around 2.95 on CPI The Turkish Lira is regaining some momentum vs. the greenback today, taking USD/TRY to the boundaries of the 2.95 handle after dropping to the area of 2.9550. USD/TRY higher post-CPI The pair has faded the initial spike to the mid-2...
BTC/USD Breaks Major Resistance $550, Targets $575/$630 BTC/USD has broken major resistance $550 and this confirms continuation of bullish trend. It is currently trading around $550.50. Short term trend is bullish as long as support $525 (7 day EMA) holds...
GBP/USD Forecast: Close to Its Weekly Low The GBP/USD pair retreats from a high set at 1.4447 achieved after the release of the latest Markit Services PMI for May, up to 53.5 from a previous 52.3, as despite beating also expectations of 52.5, the reading is close to multi-year lows...
USD/CAD Prop-Up to Trade Flat at 1.3100 ahead of US Jobs Report The USD/CAD pair was well supported around 10-day SMA near 1.3075 and propped to 1.3100 handle but still remained in a narrow band as traders await for fresh impetus from US monthly jobs report...