Roberto Jacobs / Blog
GBP/USD Extends Recovery Beyond 50-DMA, Awaits PMI The GBP/USD pair extends recovery from two-week lows as we progress towards early European trading, with the bulls unperturbed by risk-off sentiment persisting in full swing. GBP/USD back above 50-DMA at 1.4433 Currently, GBP/USD trades 0...
FxWirePro: Sell USD/INR at 67.35 With Stop Loss at 67.44 and Target of 67.12 USD/INR is currently trading around 67.32. It made intraday high at 67.45 and low at 67.31 marks. Intraday bias remains bearish till the time pair holds key resistance at 67.45 marks. A daily close above 67...
FxWirePro: Yen Buying Dominates Amid Risk-Off, USD/JPY Hits Fresh 2-Week Low, Good to Sell Rallies USD/JPY slipped below the 109 handle to hit fresh 2-week lows at 108.82...
ASX200 Trades Below 5300, Targets 5200 Major resistance - 5350 Major Support - 5300 (200 day 4 H MA) ASX200 has broken major support at 5300 and declined till 5269. It is currently trading at 5270. Short term trend is slightly bearish as long as resistance 5350 holds...
FxWirePro: Nikkei225 Trades Weak on Stronger Yen, Good to Sell on Rallies Major support - 16,680 (200 day 4H MA) Nikkei Index has snapped 5 day winning streak on account of stronger yen. It has declined 1.29% today at the time of writing. and currently trading around 16629...
FxWirePro: USD/SGD Hits Fresh Weekly Low at 1.3752, Intraday Bias Remains Bearish USD/SGD is currently trading around 1.3759 marks. It made intraday high at 1.3777 and low at 1.3752 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3836 levels...
Daily Recommendations on Major EUR/USD DAILY MARKET OUTLOOK on Major EUR/USD 02 Jun 2016 01:17 GMT EUR/USD - 1.1188 Despite the single currency's fall to a fresh 2-month trough at 1.1098 on Monday, subsequent strong rebound suggests recent downtrend from May's peak at 1...
Can OPEC Surprise? – BBH Research Team at BBH, suggests that the OPEC ministers meet in Vienna today but the expectations could hardly be lower. Key Quotes “Attempts to agree on an output freeze were stymied by the Saudi's insistence that is rival Iran participates as well...
AUD/USD Fails to Hold Above 200-DMA, Dips to Wednesday’s Low The AUD/USD pair failed to resist above 200-DMA at 0.7266 and fell sharply lower over the last hour, as markets sold-off higher-yielding currencies amid escalating risk-off conditions. AUD/USD drops below 20-DMA at 0...