Roberto Jacobs / Blog
CAD/CHF Faces Strong Support at 0.7400, Break Below Targets 0.7285 Major support – 0.7400 (trend line joining 0.7333 and 0.7363) The pair has declined till 0.7414 and slightly recovered from that level. It is currently trading around 0.7423. Short term trend is weak as long as resistance 0...
Fundamentals to Watch Out for This Week Compared to last two weeks, this week isn’t that risk heavy but events lie which could act as forward guidance...
Canadian Dollar Slides Against Majors The Canadian dollar weakened against the other major currencies in the Asian session on Monday. The Canadian dollar fell to 4-day lows of 1.3070 against the U.S. dollar, 85.11 against the yen and 1.4743 against the euro, from last week's closing quotes of 1...
UK House Prices Climb For Third Month: Rightmove The average asking price for a house in the United Kingdom increased for the third straight month in March, the latest survey from Rightmove revealed on Monday. House prices in England and Wales climbed 1.3 percent month-over-month in March...
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...