Roberto Jacobs / Blog
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...
GBP/USD Under Pressure, Could Test 1.44 – UOB The research team at UOB Group has shifted to a neutral stance on GBP/USD, although a visit to the 1.4400 area should not be ruled out. Key Quotes “The break of the 1.4550 stop-loss yesterday indicates that the recent high of 1...
EUR/USD Well Supported at 1.1102/1.1058 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, has reiterated the pair remains well supported in the 1.1102/1.1058 band. Key Quotes “EUR/USD is holding just above the critical 1.1102/1.1058 key support...
EUR/CHF in a Tight Range Around 1.1050 The Swiss franc is gathering steam vs. its European peer on Wednesday, with EUR/CHF trading on the defensive in the mid-1.1000s so far...
USD/CHF Fails at Tuesday’s High, Ignores Weak Swiss GDP The Swiss franc strengthened somewhat versus its US counterpart in the European morning, despite the release of weaker-than expected Switzerland’s GDP data. USD/CHF rejected at 0.9950 Currently, the USD/CHF pair trades almost unchanged at 0...
EUR/USD Near 1.1120 Ahead of PMIs EUR/USD is prolonging its leg lower halfway into the week, currently trading in the 1.1130/20 band ahead of PMIs in Euroland. EUR/USD focus on PMIs, US ISM Spot is looking to snap a 4-week negative streak after the rejection from early May tops at 1.1615...
Oil: Could Higher Prices Flick the Switch? – ANZ Research Team at ANZ, suggests that at around USD50 a barrel, oil is pretty cheap but in change terms, however, the increase has been dramatic...
Dollar Weakens Against Other Major Currencies After Downbeat Consumer Confidence: Jun 1, 2016 Market Review - 31/05/2016 23:10GMT Dollar weakens against other major currencies after downbeat consumer confidence The greenback weakened against other major currencies on Tuesday after U.S...