Roberto Jacobs / Blog
FxWirePro: AUD/CAD Finds Stiff Resistance in 0.9495-0.95 Area, Break Above Required for Further Upside Aussie moving in tandem with the minor rebound seen in commodity prices. Momentum studies are neutral, AUD/CAD trades a narrow range, holds above 21-DMA (currently at 0.9487...
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today, focus is on NFP report. Data released so far – New Zealand – ANZ commodity prices rose 1% in May. Japan – Labour cash earnings rose 0.3% y/y in April...
EUR/USD Extends Correction above 1.1150, NFP in Focus The EUR/USD pair extends its recovering mode into early Europe, reversing a part of ECB-led slide witnessed yesterday, while the main risk event for today remains the US employment data due later in the NY session...
China: More CNY Weakness ahead – Danske Bank Chief Analyst, Allan von Mehren at Danske Bank, suggests that their forecast is for a weaker CNY than priced in the forward market and they continue to recommend hedging of receivables...
EUR/JPY Close to Over Three-Year Low Level of 121.00 The EUR/JPY cross seems to digest its Thursday's sharp fall and is now trending lower for fourth consecutive day to currently trade just shy of over three-year low level of 121.00 touched yesterday...
ECB Review: Few Surprises – RBS Research Team at RBS, notes that as expected the ECB left all its key policy settings unchanged but still left the door open to some further easing if needed...
EURUSD Daily Forecast: June 03 2016 EURUSD Forecast The EURUSD failed to continue its bullish momentum yesterday and closed back below the daily EMA 200 as you can see on my daily chart below...
GBPUSD Daily Forecast: June 03 2016 GBPUSD Forecast The GBPUSD attempted to push higher yesterday topped at 1.4472 but whipsawed to the downside and closed lower at 1.4420. The bias remains bearish in nearest term testing 1.4350...
USDJPY Daily Forecast: June 03 2016 USDJPY Forecast The USDJPY continued its bearish momentum yesterday bottomed at 108.52. The bias remains bearish in nearest term testing 108.00 – 107.70. Immediate resistance is seen around 109.15...