Roberto Jacobs / Blog
Technical Analysis of EUR/JPY for March 15, 2016 After forming a double bottom near 122.50, EUR/JPY started to move higher towards higher highs and higher lows. While growing, the price broke above the strong technical and psychological resistance at 125.00. Also, the pair broke above 1...
Technical Analysis of EUR/GBP for March 15, 2016 On March 10, after the news release, EUR/GBP sharply surged, breaking above the descending channel. The rise stopped, once the price tested the strong support level of 0.7835 (R2), which is 23.6% Fibonacci applied to the channel breakout point...
Brent Oil Slides, Eyes 100-DMA Support Oil benchmarks are being offered, with Brent now trading well below hourly 200-MA and appears on track to test 100-DMA support at $38.40 levels. Brent down 2% Futures currently trade 2% lower on the day around $38.75/barrel...
AUD/USD Slumps to Lows Near 0.7460 The Aussie dollar is now depreciating further, dragging AUD/USD to visit fresh lows in the 0.7460 area...
EUR/USD Above 1.11 as Stoxx 50 Futures Drop The bid tone around EUR strengthened on signs of risk-off in equities, pushing the EUR/USD above 1.11 handle and to a session high of 1.1118 levels. Weak stocks support EUR At the time of writing, Stoxx 50 futures were down 0...
Technical Analysis of EUR/USD for March 15, 2016 When the European market opens, some economic news on the Employment Change q/q and French Final CPI m/m is due to be released...
Technical Analysis of USD/JPY for March 15, 2016 In Asia, Japan will release data on the BOJ Press Conference, Tertiary Industry Activity m/m, Revised Industrial Production m/m, and Monetary Policy Statement...
GBP/USD Trades Below 50-DMA British Pound extended its depreciating trend in Asia, taking the GBP/USD pair well below its 50-DMA located at 1.4303 levels. Eyes 50% Fibo The pair is now trading within a striking distance from 1.4252 (50% of 1.4668-1.3835...
EUR/USD Wobbles Around 1.1100, US Data Eyed The single currency is alternating gains with losses vs. the greenback on Tuesday, taking EUR/USD to the area around 1.1100 the figure. EUR/USD supported near 1...
AUD: Focus on the Labour Market, RBA Minutes & FOMC – NAB Research Team at NAB, suggests that the recent RBA communications have focused on whether the Australian labour market can continue its improvement and whether early-year financial market volatility impacts on the outlook for global or...