Roberto Jacobs / Profil

USD/CAD Forecast May 23-27 USD/CAD was up sharply last week, gaining 160 points. The pair closed the week at 1.3115. There are only two events on this week’s schedule. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD...

Oil Rally Exceeds Expectations A few months ago, in late March, our crude oil analysis had called for a bottom in WTI oil prices. Back then Crude oil was trading at $32.26 a barrel...

GOLD, Weekly Forecast, May 23 - 27: Break Up of 1260 will Open Uptrend Target on 1294 Main scenario: The pair is trading along an sideways trend between support 1246 and resistance 1260, where break up of 1260 will open target for uptrend on resistance level 1277 and 1294...

GBP/USD, Weekly Forecast, May 23 - 27: Break Up of 1.4530 Open Uptrend Target on 1.4670 and 1.4815 Main scenario: The pair is trading along an sideways trend between support 1.4480 and resistance 1.4530, where break up of 1.4530 will open uptrend target on resistance 1.4670 and then on 1.4815...

GBP/USD Capped at 1.4663? – UOB The research team at UOB Group believes GBP/USD has carved an interim top at 1.4663 in the next weeks. Key Quotes “The sharp drop last Friday was unexpected and the 1.4488 low was just a few pips above our 1.4485 stop-loss”. “Unless GBP can move and stay above 1...

EUR/USD, Weekly Forecast, May 23 - 27: Break Up of 1.1260 Open Uptrend Target on 1.1460 Main scenario: The pair is trading along an sideways trend between support 1.1215 and resistance 1.1260, where break down of 1.1215 will open downtrend target on 1.1150 and then to 1.1050...

Daily Recommendations on Major - USD/JPY DAILY MARKET OUTLOOK Update Time: 23 May 2016 09:38 GMT USD/JPY - 109.50 Dollar's intra-day decline in Asian and European morning due to broad-based buying of yen following warnings by U.S...

Forex News Trading Strategy For The Week 23rd - 27th May The week begins quietly with important releases starting on Wednesday...

EU Referendum, One Month to Go - Investec Research Team at Investec, suggests that with only one month to go from today until the EU referendum, the UK press is dominated by the topic...

USD/CAD Testing 6-Week Highs Near 1.3160 The US dollar extends its upward trajectory against its Canadian counterpart for the fifth straight session this Monday, with USD/CAD now targeting 1.32 handle amid persistent weakness in oil prices. USD/CAD supported at 1...

EUR/JPY Drops Below 123.00 to Lower End of Trading Range The EUR/JPY pair's downfall continues to gain momentum and has now dragged the pair back below 124.00 handle towards the lower end of its recent trading range...

GBP/USD Turns Negative Near 1.4500, Brexit Concerns Weigh The GBP/USD pair is seen reversing gains and reverts towards 1.45 handle as concerns over Brexit returned to markets and weighed down on the British pound. GBP/USD inches back towards 20-DMA at 1...

EUR/USD Forecast: Ready to Break Lower The market started in slow motion this week, with a quiet Asian session keeping majors within familiar ranges, although the greenback edged modestly lower against most of its rivals...

WTI Bouncing off $47.60, Supply Glut Weighs The barrel of West Texas Intermediate is looking to extend the rebound from earlier lows in the $47.70/65 band, currently trading closer to the $48.00 mark...

FxWirePro: US Oil Declines on Oversupply Concerns, Good to Sell on Rallies Pattern Formed – Shooting Star Major resistance- $49.35 (161.8% retracement of $46.79 and $42.90) US oil has declined after making a high of $49...

FxWirePro: South African Rand Erases Previous Loss Against US Dollar, Down Side Limited USD/ZAR is currently trading around 15.5382 levels. It made intraday high at 15.6421 and low at 15.5203 levels...

Technical Analysis of Silver for May 23, 2016 Technical outlook and chart setups: Silver has just hit another low at $16.29 levels, and should find support around $16.00 levels going forward. Please also note that fibonacci 0.618 support level of rally between $14.80 and $18...

Technical Analysis of Gold for May 23, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,252.00/53.00 levels, testing its trend line support again. The metal seems to be looking to drop lower around $1,242.00 levels and complete its correction, before turning bullish again...

Technical Analysis of EUR/JPY for May 23, 2016 Technical outlook and chart setups: The EUR/JPY pair continues to drift in a range between 123.00 and 124.00 levels as depicted here. The pair is now seen to be trading at 123.00 levels, looking to break below the range support...

GBP/USD Clinches Highs Near 1.4550 The Sterling keeps its buoyant tone at the beginning of the week, now lifting GBP/USD to test fresh daily highs near 1.4550...