Roberto Jacobs / Profil

FxWirePro: GBP/USD Trades Weak on Softer CPI, Good to Sell on Rallies Major Resistance – 1.4550 Major support- 1.4445 (55 day 4H EMA) Cable has retreated from high of 1.45239 after softer CPI data. It is currently trading around 1.4470 level. UK CPI came at 0.3% y/y compared to forecast of 0...

US Mortgage Rates Decline Despite Rising Home Sales; Mortgage Applications Up The United States mortgage rates have gone down in the past despite rising demand for home loans. Mortgage rates are at a historic low of 2.69 pct for a 15-year fixed rate loan, the lowest since the WWII...

GOLD, Weekly Forecast, May 16 - 20: Break Down of 1269 will Open Target on 1240 Main scenario: The pair is trading along an sideways trend between support 1269 and resistance 1294...

Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, XAU/USD Analysis for May 17th, 2016 EUR USD, “Euro vs US Dollar” Eurodollar has broken the channel of the third descending structure and right now is consolidating. We think, today the price may fall towards 1.1300...

GBP/USD, Weekly Forecast, May 16 - 20: Rebounding from Resistance 1.4525 to Support 1.4345 Main scenario: Market is rebounding from the resistance 1.4525 with target on support level 1.4345. Alternative scenario: An downtrend will start as soon, as the pair drops below support level 1...

EUR/USD, Weekly Forecast, May 16 - 20: Rebounding from Main Support 1.1355 with Possible Target on 1.1615 Main scenario: The pair is trading along an downtrend with target on 1.1215, that may be expected to continue, while pair is trading below resistance level 1.1370...

EURUSD: Faces Downside Pressure On Bear Pressure EURUSD: With EURUSD continuing to maintain its downside pressure, further downside pressure is likely. Support lies at the 1.1250 level. Further down, support comes in at the 1.1200 level where a violation will aim at the 1.1150 level...

Crude Oil Prices Remain in the Limelight – Danske Bank Senior Analyst at Danske Bank Morten Helt has assessed the recent price action in crude oil...

EUR/USD Bearish, Eyes 1.1215 – UOB Analysts at UOB Group have turned bearish on EUR/USD, expecting a visit of 1.1215 in the near term. Key Quotes “We turned bearish EUR yesterday but highlighted that the downside potential is likely limited to 1.1215”...

EUR/USD Still Faces Downside Risks – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the likeliness of the pair to resume its downside. Key Quotes “EUR/USD has sold off towards and is seeing a small rebound from the 1.1279 55 day ma”...

Why Should Oil Bulls be Cautious? Production drop in United States to 8.8 million barrels/day, close to 1.8 million per day production drop in Canada due to wildfire and outages in countries like Libya, Nigeria is fuelling the rise in oil prices. WTI is currently trading at $48...

Australian Bonds Slump on Firm Risk Sentiments The Australian government bonds slumped Tuesday on tracking overnight rally in crude oil prices and equities market...

Home Prices in Canada Likely to Climb at a Double-Digit Pace in 2016 In April, Canada’s existing home sales was up 3.1%, reaching the highest level for the April month. The sales-to-listings ratio climbed to 64.5. The average existing home price grew 13.2% y/y...

Australia Weekly Consumer Confidence Ticks Up, Sharp Views on Economic Outlook Supports Australia weekly consumer confidence for the week ending May 15 ticked higher for the third straight week, remaining well above its long run average, highly driven by sharp consumer views on the outlook of the...

FxWirePro: Pound Likely to Drop 500 Pips Against Yen, If It Fails to Clear 159 - Trade Idea Pound is likely to face the fury of fear, surrounding Brexit, as the referendum closes in. There isn’t much economic data or news that bulls can chew to keep up...

FxWirePro: Gold Faces Strong Support at $1270, Good to Buy at Dips Major support - $1270 (10 day EMA) The yellow metal has once again retreated after making a high of $1288...

FxWirePro: NZD/USD Deflates from 0.6840 Levels on RBNZ Inflation Expectations NZD/USD sold-off following the release of New Zealand’s RBNZ Q2 inflation expectations gauge. Kiwi bulls unimpressed by a slightly better RBNZ Q2 2-year inflation expectations reading, coming in at 1.64% versus 1...

Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with high risks associated. Data released so far – Australia – New motor vehicle sales declined -2.5% in April, still up 2.4% from a year back. New Zealand – RBNZ inflation expectations came at 1...

US Home Sales and Construction Activity to Continue Growing, Existing Homes Sales Likely Improved in April The US NAHB Market Index in May stayed at 58 for the fourth straight time. Consensus forecast was for a slight increase to 59...

RBA Rate Cut a Close Call, Highlights Board Meeting Minutes The Reserve Bank of Australia minutes of the Board meeting highlighted that the decision of the central bank to ease interest rates is a close call...