Roberto Jacobs / Blog
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...
Australian Stocks Drive Asia Lower, Ignore Upbeat Aus GDP The Asian stock markets snapped previous gains and fell into the negative territory, as renewed weakness in the oil and copper prices weighed heavily on the resource and energy stocks...