Roberto Jacobs / Profil

Brent: Indicators Give Sell Signals The price of crude oil Brent has dropped since the beginning of today’s trading session. The decline was caused by the API data on the rise in oil reserves in the USA and by the news that the strike of oil workers in Kuwait has finished...

Brent: According to API Oil Reserves in the USA Have Grown According to the data presented by the American Petroleum Institute (API) oil reserves in the USA grew against last week (+3.1 million barrels against the rise of 6.2 million barrels a week earlier...

USD Downside Appears Limited – Westpac According to strategists at Westpac, the decline in the greenback could slow its pace in the next weeks...

FxWirePro: CHF/JPY Faces Strong Support at 112.80, Good to Buy at Dips Major resistance – 114 Major support – 113 The pair has made a high of 113.98 and declined from that level. It is currently trading at 113.65. Short term trend is slightly bullish as long as support 112.80 (Tenken-Sen) holds...

FxWirePro: Should We See Sterling Further Breakdown - Fx Swaps Strategies We’ve shifted back to the top of the recent range as UK’s claimant count change and unemployment data announced today, Change in the number of people claiming unemployment remained at 6...

USD/JPY Poised for Further Rangebound – UOB Further consolidative range is seen in USD/JPY in the next 1-3 weeks, according to analysts at UOB Group. Key Quotes “As expected, USD extended its gain but held below last week’s peak of 109.72 (high of 109.49...

EUR/USD Challenges Highs Near 1.1380 The common currency remains on a firm footing on Wednesday, with EUR/USD showing strength near the 1.1380 region, or daily peaks...

S&P 500 Futures Recover to Reclaim 2100 Mark Spoofed by drop in crude oil prices and a slump in Chinese stock market, broader US equity indices futures were trading lower before recovering, pointing to a higher open on Wednesday...

China: Property Prices Momentum Building - Westpac Elliot Clarke, Research Analyst at Westpac, suggests that according to the Chinese 70 city property prices for March 2016, momentum is building within each tier; but Tier 1 gains still highly disproportionate...

USD/TRY Testing 2.80 on CBRT Decision The Turkish Lira is sharply appreciating vs. the greenback today, now dragging USD/TRY to multi-day lows around 2.80...

FxWirePro: AUD/JPY Rejected at Session Lows, Finds Strong Support at 84.60 AUD/JPY finds strong support by 5-DMA at 84.60, pair has held support and edged higher to currently trade at 85.28. Technicals on daily charts point to furher gains. Pair on track to test next hurdle at 85...

Eurozone: Light on Action, Heavy on Words - ING Carsten Brzeski, Chief Economist at ING, suggests that after months of excitement and two new attempts by the ECB to revive the Eurozone economy, tomorrow’s ECB meeting should be light on new action...

USD/CAD Further Pullbacks Expected – Westpac Strategists at Westpac believe the pair is headed towards lower levels in the next months. Key Quotes “Weakness in USD/CAD has further to go, a potentially higher March CPI next week thanks to stronger energy prices may well be a catalyst”...

JPY: Trade Surplus Widens to JPY276.5bn in March – Deutsche Bank Research Team at Deutsche Bank, notes that in nominal terms Japanese exports fell 6.8% yoy and imports fell 14.9% yoy. Key Quotes “In volume terms exports fell 1.0% yoy (versus 0.2% yoy in February) whilst import volumes rose 5...

EUR: Confined in a Range Ahead of ECB - BBH Research Team at TDS, notes that the euro reached $1.1385 yesterday, a four-day high, but euro has hardly backed off and has been confined to about a quarter cent range today. Key Quotes “The market may be cautious ahead of tomorrow's ECB meeting...

EUR/USD Rallies Could Struggle Around 1.1342/77 – Commerzbank In opinion of Axel Rudolph, Senior Technical Analyst at Commerzbank, occasional bullish attempts in the pair could fade in the 1.1342/77 band. Key Quotes “EUR/USD recently charted a minor new high of 1...

CAD: Wholesale Trade Sales to Give a Glimpse into Activity Data - TDS Research Team at TDS, suggests that the Canada’s wholesale trade sales will give us a second glimpse into activity data for February. Key Quotes “TD expects nominal wholesale sales to decline -0...

FxWirePro: FTSE100 Faces Strong Resistance at 200 WMA, Good to Sell on Rallies Major resistance- 6430 (200 W MA) Major support – 6296 (55 W EMA) The index has made a high of 6471 yesterday and started to decline from that level . It is currently trading around 6375...

EU Vote is the Biggest Risk to UK Financial Stability - Investec Research Team at Investec, notes that yesterday Bank of England Governor Mark Carney warned if Britain leaves the European Union, the City of London should expect its preeminent role in the global financial system to fade...

JPY Little Changed as Kuroda Leaves Open the Scope More Easing - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that following his interview in the Wall Street Journal where he stated that a sustained period of yen strength could impact inflation and hence prompt monetary action, Govern...