Roberto Jacobs / Profile

USD/JPY Hunting Down Feb Highs on 115.0 Handle USD/JPY bulls have fought back in a strong rally, away from the March 17 multi-year low. We are now in positive territory, trading in the upper end of its range from mid-February...

Efficiency Stands in Way of Natural Gas Price Recovery This year natural gas price has dropped well below $2/mmbtu, observed during 2012 trough and still sliding further. Today price is down another -2.2%, trading at $1.77/mmbtu. Price has dropped to lowest levels since 1999...

Technical Analysis of CAD/CHF for March 28, 2016 CAD/CHF broke below the 200 Moving average and it is currently trading lower suggesting that the trend is down. Applying two Fibonacci channels, it is obvious that price broke below the 161...

Technical Analysis of GBP/CAD for March 28, 2016 After forming a double bottom near the 1.8500 support level, GBP/CAD started rising and formed a strong resistance near 1.8660. The resistance did not hold for a long time and was broken together with the 261...

Analysis of EUR/NZD for March 28, 2016 Recently, EUR/NZD has been moving sideways around the 1.6660 mark. On the daily chart, the price is still trading in the defined trading range between the 1.6475 level (support) and the 1.6865 level (resistance...

Worrisome Signs Series: World Trade Suffers Further Setback in 2016 According to data from CPB Netherlands Bureau of Economic Policy Analysis, global trade suffered further setback in January, to start the year, posing doubts, whether global economy can actually recover, without key component, tr...

EUR/CHF Comes Down to Test 1.0900 EUR/CHF is trading within a narrow range, in line with the broader fashion in the global markets on Easter Monday. EUR/CHF consolidative around 1.0900 In the meantime, the cross is struggling to keep daily gains near 1...

AUD/NZD Better Bid Above 20-DMA Ahead of US Data The Australian dollar manages to keep an upper edge over its OZ counterpart in a holiday-quiet European trading session, keeping AUD/NZD on the bids near 1.1250 levels. AUD/NZD trades above daily pivot at 1.1236 Currently, the AUD/NZD pair trades 0...

USD/CAD Trims Losses as Oil Drops Oil benchmarks surrendered gains, helping the USD/CAD recover from the session low of 1.3229 to trade around 1.3250 levels. Eyes US data The immediate focus now is on the US data, which is expected to show personal spending and income growth slowed in February...

Brent Oil Rejected at 5-DMA, Surrenders Gains Brent oil is now trading largely unchanged on the day after prices failed to sustain above 5-DMA level of $40.88...

Oil in Global Economy Series: Why Rigs Deactivation Doesn't Matter Much? According to latest numbers from Baker Hughes, number of active oil rigs operating in United States has dropped to lowest levels since 2008/09 financial crisis...

CHF/JPY Breaks Major Resistance 116, Targets 118.60 Major resistance - 116 The pair has broken major resistance 116 and jumped till 116.30 at the time of writing . It is currently trading around 116.19. Short term trend is slightly bullish as long as support 115 holds...

Canadian Dollar Rises As Oil Prices Advance The Canadian dollar strengthened against most major currencies in the early European session on Monday, as oil prices rebounded from last week's decline. Investors focus on the OPEC's meeting next month to discuss proposal to freeze output...

Technical Analysis of Silver for March 28, 2016 Technical outlook and chart setups: Silver is seen to be consolidating after hitting lows at $15.10/13 levels last week. The metal should be looking to produce a corrective rally through $15.45 levels from here before reversing again...

Technical Analysis of EUR/JPY for March 28, 2016 Technical outlook and chart setups: The EUR/JPY pair has rallied through 126.80/85 levels as expected and discussed last week. The pair is facing resistance at 126.85 and looking to reverse lower below 124.50 levels going forward...

Technical Analysis of USD/CHF for March 28, 2016 USD/CHF is expected to trade with a bullish bias as the pair is range-trading due to holidays. The pair is moving sideways above its key support at 0.9720. Meanwhile, the relative strength index is mixed to bullish. Upside is expected above 0...

Technical Analysis of NZD/USD for March 28, 2016 NZD/USD is expected to trade with a bearish bias in holiday trading. The pair is trading below its key resistance at 0.6640, and is likely to challenge it in sight, as the relative strength index is below the neutrality area of 50. Below 0...

Technical Analysis of GBP/CHF for March 28, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading around 1.3810/15 levels for now, after dropping to 1.3720 levels last week...

Technical Analysis of GBP/JPY for March 28, 2016 GBP/JPY is expected to trade with a bearish bias in quiet holiday trade. The pair remains bullish above 160.00, representing a key horizontal level...

Technical Analysis of EUR/USD for March 28, 2016 When the European market opens, no economic news will be released from the eurozone today but the US will release some economic data such as Pending Home Sales m/m, Personal Income m/m, Personal Spending m/m, the Goods Trade Balance, and the Core P...