Roberto Jacobs / Blog
Daily Analysis of GBP/USD for June 01, 2016 The pair continues to trade into a bearish tone on the H1 chart, looking to extend the decline below the support level of 1.4464, which remains a solid demand zone on a short-term basis...
USD/JPY Weaker, Wobbling around 110.00 The Japanese yen is appreciating vs. its American counterpart today, sending USD/JPY to as low as the 109.70 area, although regaining the 110 neighbourhood afterwards...
GBPUSD Downside Risk; 50-Day MA Supports GBPUSD is now forming a neutral bias after the bullish move from 1.4004 to 1.4768 stalled and the market is consolidating just above the 50% Fibonacci of this upleg from April to May. This Fibonacci level lies just below the key psychological 1...
Yen Jumps as US Yields Fall Back and ‘Brexit’ Risks Creep Higher – MUFG Derek Halpenny, European Head of GMR at MUFG, notes that as was widely expected, PM Abe announced in the Diet today that he has decided to postpone the sales tax increase from 8% to 10% from April next year until October 2019...
UK Manufacturing PMI Preview: What to Expect of GBP/USD? The UK economy will release its May manufacturing PMI later in the European session. Markets expect the manufacturing PMI to tick higher to 49.9 from a sharp drop seen in April to 49.2 points...
FxWirePro: NZD/JPY Rejected at Chann NZD/JPY was rejected at channel top by 75.45 and has slipped lower to hit session lows of 74.44. Technicals on 4H charts support further downside in the pair, RSI, Stochs biased lower and MACD line shows bearish crossover on signal line...
US Oil Forms M-shaped Pattern, Good to Sell Below $48.60 Pattern Formed -M- shaped pattern Major support $48.60 US oil has jumped till $50.08 yesterday but not able break above $50.18 high made on May 26th 2016...
FxWirePro: Silver Faces Strong Support at $16.88, a Sustain Break Below Targets $15.62 XAG/USD is currently trading around $15.98 marks. It made intraday high at $16.05 and low at $15.94 levels. Intraday bias remains bullish till the time pair holds key support at $15.88 marks...
Oil Trades on the Back Foot Aahead of OPEC Meet, Drops -1% Oil benchmarks on both sides of Atlantic edged lower this Wednesday, as traders remain cautious ahead of weekly supply reports and OPEC meeting due tomorrow...