Roberto Jacobs / Blog
USD/JPY Top in Place? – UOB The research team at UOB Group suggested that a top near the 114.00 could be in place for USD/JPY. Key Quotes “The expected corrective rebound has likely topped out at 113.80 yesterday (falling short of our target at 114.00)”...
Buy the Dips Towards 112.00 in USD/JPY – Westpac In view of strategists at Westpac, pullbacks towards the 112.00 handle are considered as buying opportunities. Key Quotes “Last week’s soft PMI data confirms the industrial sector is doing it tough (new orders at lows back to Jan 13...
Brent Oil Trims Gains, USD Sell Off Stalls Brent prices backed off from the session highs as broad based USD selling appears to have run out of steam ahead of US ADP payrolls report release. Rejected at $39.81 Prices clocked a high of $39.81 largely on the back of USD selling in early Europe...
Euro Zone is Not in Deflation – ECB’s Villeroy ECB’s Governing Council member Francois Villeroy de Galhaud has argued that negative inflation figures in the region are temporary, while he sees them picking up pace in the second half of the year...
FXWIREPRO: South African Rand Hits Fresh 3-Month High Against US Dollar, Good to Sell on Rallies USD/ZAR is currently trading around 14.9240. It made intraday high at 15.22 and low at 14.89 levels. South Africa's rand breaks through 15...
Technical analysis of EUR/JPY for March 30, 2016 General overview for 30/03/2016: The supply zone has been violated, but the market looks weak at the current levels. However, the wave progression inside this upward structure does not look too impulsive so far; it is more like a zig-zag structure...
Technical Analysis of USD/CAD for March 30, 2016 General overview for 30/03/2016: The alternative count with the truncated wave V turned out to be the correct one, and a deep and sudden correction followed break-out of the 1.3140 level...
Technical Analysis of GBP/CHF for March 30, 2016 Technical outlook and chart setups: The GBP/CHF pair is trading at 1.3905/15 levels for now, looking to rally and hit 1.4050 levels at least before producing a meaningful retracement lower...
Technical Analysis of Gold for March 30, 2016 Gold prices bounced yesterday towards our target area of $1,235-40 as expected by our analysis. Gold has now reached an important short-term resistance. If the price manages to break above $1,250 we could even see new highs towards $1,300...