Roberto Jacobs / Blog
FxWirePro: Gold Fails to Sustain Above Key Resistance at $1218, Good to Sell on Rallies XAU/USD is currently trading around $1214 marks. It made intraday high at $1219 and low at $1213 marks. Intraday bias remains bearish till the time pair holds key resistance at $1222 marks...
FxWirePro: Upbeat GDP Data Buoys Aussie Bulls, AUD/CAD Extends Gains Above 23.6% Fib, Stay Long Upbeat Australian GDP report boosts Aussies bulls. Australia’s Q1 GDP q/q came in at +1.1% versus +0.8% expected and from +0.7% prior (revised higher from +0.6...
Asian Markets in Red, Gold Hovers Around Key Resistance at $1218 All the major Asian indices are trading on a negative note on Wednesday. On the other side, Gold gains in early Asian hours but fails to sustain above key resistance at $1218 marks and hovers around $1215 levels...
APAC Currency Corner – Brexit fallout During the past twelve months, investors have built a towering wall of worry around themselves as they brood about everything from a global economic slowdown to collapsing oil prices. Now we have a possible Brexit on the horizon...
AUD/USD Deflates to 200-DMA, Aus GDP-Led Rally Short-Lived The AUD/USD pair reversed almost a quarter of the Australian GDP-induced sharp rally as we head towards late-Asia, with poor risk tone on weak Chinese PMI readings extending bearish pressure on the major...
Sell NZD/USD on Strength, Buy USD/CHF on Dips - Westpac Research Team at Westpac, suggests to sell NZD on strength at 0.6840, stop at 0.6910. Key Quotes “The US dollar continues to strengthen - up 4.2% since 3 May - pushing NZD/USD lower...
Short GBP/USD at 1.4480 - Westpac Research Team at Westpac, opens a short GBP/USD here at 1.4480 with a stop at 1.4640. Key Quotes “Polls validating last week's observation that, "GBP arguably getting ahead of itself in pricing out Brexit risks...
Gold Rejected at 100-DMA, Drops to Test 5-DMA Gold brought an end to its two-day relief rally from multi-month troughs and now corrects slightly lower in response to the ongoing strength in the US treasury yields. Gold: Upside favoured amid risk-off...
ASX200 Breaks Major Support 5340, Decline Till 5250/5235 Is Possible Major resistance - 5430 Major intraday Support - 5340 (21 day MA) ASX200 has broken major support at 5340 and declined till 5303. It is currently trading at 5308...