Roberto Jacobs / Blog
EUR/CHF Comes Down to Test 1.0900 EUR/CHF is trading within a narrow range, in line with the broader fashion in the global markets on Easter Monday. EUR/CHF consolidative around 1.0900 In the meantime, the cross is struggling to keep daily gains near 1...
AUD/NZD Better Bid Above 20-DMA Ahead of US Data The Australian dollar manages to keep an upper edge over its OZ counterpart in a holiday-quiet European trading session, keeping AUD/NZD on the bids near 1.1250 levels. AUD/NZD trades above daily pivot at 1.1236 Currently, the AUD/NZD pair trades 0...
USD/CAD Trims Losses as Oil Drops Oil benchmarks surrendered gains, helping the USD/CAD recover from the session low of 1.3229 to trade around 1.3250 levels. Eyes US data The immediate focus now is on the US data, which is expected to show personal spending and income growth slowed in February...
Brent Oil Rejected at 5-DMA, Surrenders Gains Brent oil is now trading largely unchanged on the day after prices failed to sustain above 5-DMA level of $40.88...
Oil in Global Economy Series: Why Rigs Deactivation Doesn't Matter Much? According to latest numbers from Baker Hughes, number of active oil rigs operating in United States has dropped to lowest levels since 2008/09 financial crisis...
CHF/JPY Breaks Major Resistance 116, Targets 118.60 Major resistance - 116 The pair has broken major resistance 116 and jumped till 116.30 at the time of writing . It is currently trading around 116.19. Short term trend is slightly bullish as long as support 115 holds...
Canadian Dollar Rises As Oil Prices Advance The Canadian dollar strengthened against most major currencies in the early European session on Monday, as oil prices rebounded from last week's decline. Investors focus on the OPEC's meeting next month to discuss proposal to freeze output...
Technical Analysis of Silver for March 28, 2016 Technical outlook and chart setups: Silver is seen to be consolidating after hitting lows at $15.10/13 levels last week. The metal should be looking to produce a corrective rally through $15.45 levels from here before reversing again...
Technical Analysis of EUR/JPY for March 28, 2016 Technical outlook and chart setups: The EUR/JPY pair has rallied through 126.80/85 levels as expected and discussed last week. The pair is facing resistance at 126.85 and looking to reverse lower below 124.50 levels going forward...