Roberto Jacobs / Profile

Japanese Yen Gains Despite Lower Than expected Industrial Production Data USD/JPY is currently trading around 112.60 marks. It made intraday high at 112.80 and low at 112.39 levels. Japanese industrial output fell sharply in February after shipments dropped...

EURUSD Daily Forecast: March 30 2016 EURUSD Forecast The EURUSD continued its bullish momentum yesterday topped at 1.1303. As you can see on my H1 chart below, price slipped above the trend line resistance. The bias remains bullish in nearest term testing 1.1350 – 1...

GBPUSD Daily Forecast: March 30 2016 GBPUSD Forecast The GBPUSD continued its bullish momentum yesterday topped at 1.4404. The bias remains bullish in nearest term especially if price able to make a clear break and consistent movement above 1.4400 testing 1.4500 region...

USDJPY Daily Forecast: March 30 2016 USDJPY Forecast The USDJPY had a bearish momentum yesterday and hit 112.39 earlier today. The bias is bearish in nearest term testing 112.00 – 111.75 area. Immediate resistance is seen around 113.00...

USDCHF Daily Forecast: March 30 2016 USDCHF Forecast The USDCHF had a bearish momentum yesterday bottomed at 0.9657. The bias is bearish in nearest term testing 0.9570 area. Immediate resistance is seen around 0.9715...

US: Consumers Remain Frustrated by Sluggish Income Growth - Wells Fargo According to analysts from Wells Fargo, despite the increase in consumer confidence in March, the headline looks better than the underlying details as consumers remain frustrated by sluggish income growth...

USD/JPY: Bears Testing 4hr100 SMA After Yellen's Q&A's USD/JPY sold off on a broadly weak dollar on the back of a dovish outcome in Yellen's speech today and Q&A's that are taking place at the Economic Club of New York...

Dollar Weakening After Yellen Stresses Need For Caution The dollar is losing ground against all of its major rivals Tuesday afternoon. The U.S. currency began to weaken after Federal Reserve Chair Janet Yellen's highly anticipated speech to the Economic Club of New York this afternoon...

FXWIREPRO: GBP/USD Intraday Upside Momentum Strong After Fed Yellen Comments The pair has found renewed bullish momentum after Fed yellen comments, breaking strong resistance at 1.4269 and is moving upwards to test next resistance level at 1.4377. The pair is trading around 1...

Brent: Oil Market is Now Uncertain According to US Energy Department, last week oil and oil products reserves in the USA increased by 9.357 million barrels. Statistics released by API showed that oil reserves have increased by 8.7 million barrels...

Brent: The Price can Go Below the Level of 41.50 The price of crude oil Brent failed to overcome resistance level of 41.50, which was mentioned in our previous review of 23.03.2016 “the rise can be continued in case of breakdown of the levels of 41.50 and 42...

BoJ to Add Stimulus in April...

USD Tumbles in the Market on Yellen Comments The US dollar dropped sharply after the release of Janet Yellen speech, that was seen as dovish by market participants...

EUR/USD: Bulls Take Charge on an Uncertain and Dovish Fed EUR/USD has rallied to1.1263 so far ahead of Yellen's presser after a speech she is currently making at the Economic Club of New York...

Yellen: Appropriate for Fed to Proceed Cautiously with Rate Hike Janet Yellen, Chair of the Federal Reserve, said today in New York that the central bank must move with caution regarding interest rate hikes given the current outlook. She mentioned that inflation expectation may have drifted lower...

GBP/USD: Bulls Target 1.44 Handle on Dovish Yellen GBP/USD has rallied from 1.4280 to make fresh highs which are rising at time of writing towards the half way point on the 1.43 handle after Yellen's dovish tone speaking in New York today...

USD Positions Consolidated while EUR Shorts Reduced - Rabobank Jane Foley, Senior FX Strategist at Rabobank, lists down the IMM Net Speculators’ Positioning as at 22 March 2016. Key Quotes • “Having declined for six consecutive weeks, USD positions consolidated ahead of the Easter break...

JPY: Mixed Data - BBH Research Team at BBH, notes that the Japan reported mixed data overnight. Key Quotes “The jobless rate ticked up unexpectedly to 3.3% in February even as the jobs to applicant ratio remained steady at 1.28. Several measures of retail sales and household spending were mixed...