Roberto Jacobs / Blog
Technical Analysis of GBP/JPY for March 08, 2016 GBP/JPY is expected to trade with a bullish bias above 160.30. The pair stands firmly above its nearest support at 160.30, and is likely to post a new rebound after the recent consolidation...
Eurozone 4Q GDP revised to 1.6%YoY, Investment Booming Teunis Brosens, Research Analyst at ING, suggests that today’s details on Eurozone GDP in the fourth quarter, albeit long gone, show some encouraging signs about the Eurozone recovery...
EUR/GBP Ignores Eurozone GDP Release, Stays Hourly 50-MA The common currency ignored the Eurozone Q4 GDP release, leaving the EUR/GBP cross unaffected around hourly 50-MA seen at 0.7734 levels. Weak stocks support EUR The pair clocked a high of 0...
GBP/USD Finds Support Near 1.4220 The sterling remains on the defensive today, with GBP/USD dropping to session lows in the 1.4220 area. GBP/USD lower on steady Carney In spite of the current decline, the pair manages to keep the trade in the upper end of the recent range above he 1...
EUR/USD: 200-DMA is a Tough Nut to Crack The EUR/USD pair was offered again at the 200-DMA level of 1.1045 despite china-led risk off in the major European equities. Eyes Eurozone GDP The immediate focus is on the Eurozone Q4 GDP, which is expected to remain unchanged at 0.3% q/q and 1.5% y/y...
GBP/USD Rallies Could Struggle Near 1.4316 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes bullish attempts could run out of legs in the low-1.4300s. Key Quotes “GBP/USD spent the week correcting higher. It is now approaching the 1.4316 downtrend”...
USD/JPY Comfortable with the Sideline Pattern In view of the research team at UOB Group, the pair’s outlook points to further consolidation in the next 1-3 weeks. Key Quotes “There is not much to add as we continue to hold a neutral view for USD”...
USD/CAD Struggles to Surpass 1.3340 The Canadian dollar is giving away part of the recent advance vs. its American peer on Tuesday, taking USD/CAD back above the 1.3300 handle. USD/CAD focus on oil The continuation of the rally in crude oil prices – with the barrel of WTI above $37...
Daily Analysis of Major Pairs for March 8, 2016 EUR/USD: Beyond a reasonable doubt, there is a bullish signal on the EUR/USD pair. In spite of attacks from bears, the pair managed to trade higher on Monday, forming a Bullish Confirmation Pattern in the chart...