Roberto Jacobs / Blog
Daily Analysis of USDX for March 21, 2016 USDX is being supported by the 94.69 level, where a lower low pattern formation is seen on the H1 chart. The 200 SMA on this timeframe is bearish and that scenario is still favored for at least during this week...
Daily Analysis of GBP/USD for March 21, 2016 The pair is currently working out a strong intraday bullish bias on the H1 chart, as it has been trading above the support level of 1.4423, which remains stable as a strong demand zone in a short-term basis...
Asian Stocks Slip as Oil Skids; China up Most Asian stock markets slipped on Monday after three consecutive weeks of gains as a retreat in oil prices made investors cautious, but losses were tempered by hopes that China may soon cut interest rates again as pressure on the yuan eases...
Crude Oil Falls for Second Day as U.S. Rig Count Rises Crude oil slid for a second session on Monday, falling further from last week's 2016 highs on concerns over a supply glut after the U.S rig count rose for the first time since December. U.S...
PBOC Warns About Rising Corporate Debt People's Bank of China (PBOC) Governor Zhou Xiaochuan fired a warning shot regarding the elephant in the room – corporate debt. "Lending as a share of GDP, especially corporate lending as a share of GDP, is too high," PBOC leader said...
German Yield Curve After the ECB – Goldman Sachs Huw Pill, Research Analyst at Goldman Sachs, suggests that the flattening of the German yield curve following the ECB’s announcement of additional asset purchases was modest...
AUD/USD Off Lows, but Stays Below 0.76 AUD/USD recovered from session lows, but remains on a back foot below 0.76 handle after China’s central bank fired a warning shot about corporate debt levels. USD remains under pressure Losses were capped at 0...
NZ Dollar Drops Against Majors The New Zealand dollar weakened against the other major currencies in the Asian session on Monday. The NZ dollar fell to 5-day lows of 1.6702 against the euro and 75.13 against the yen, from last week's closing quotes of 1.6567 and 75.71, respectively. Against the U...
Australian Dollar Falls Most Majors The Australian dollar weakened against most major currencies in the Asian session on Monday. The Australian dollar fell to a 6-day low of 84.22 against the yen, from Friday's closing value of 84.74. Against the euro and the U.S...