Roberto Jacobs / Blog
USD/CAD Inches Higher to 1.3040 as Oil Slides Further As oil retreat from the much talked above $50.00 psychological mark, the USD/CAD pair extended its Thursday's bounce off 50-day SMA support to currently trade comfortably above 1.3000 handle at 1.3040. Extending its decline from $50...
USD GDP: What to Expect of EUR/USD The main highlight in today’s US docket will be the release of another revision of the GDP figures for the first quarter. Market consensus expects the economy to have expanded at an annualized pace of 0.9%, up from the previous 0.5% gain...
EUR/JPY Drops to 122.50, Upside Seems Capped Around 123.00 The EUR/JPY pair remained under pressure and turned lower from 20-day SMA resistance to currently trade near the mid-point of 123.00-122.00 handle. Following its decline below 123...
GBP/USD Bullish Near-Term, 1.4770 on Sight Analysts at UOB Group see the current soft tone in GBP/USD as temporary, while a test of 1.4770 remains on the table. Key Quotes “Instead of extending towards the strong 1.4770 resistance, GBP eased off quickly to touch an overnight low of 1.4650...
Gold Weaker Ahead of US GDP The precious metal is extending its bearish note at the end of the week, navigating the area of 3-month lows around $ 1,1215 per troy ounce...
FTSE Poised for Second Successive Weekly Gain Barring a dramatic about turn later today the FTSE 100 is set to post another week of gains after breaking a series of lower closes last Friday...
Cable Gets Some Love as Buyers Lift the Quid - G7 on FX: •We affirm our existing exchange rate commitments to market determined fx rates •Will consult closely in regard to actions in fx markets •We reaffirm our commitments to keep markets open, fight all forms of protectionism •We reaffirm our fi...
Oil Dips Below $49.00 Mark On Profit-Taking After tapping $50.00/barrel mark on Thursday for the first time since Oct. 2015, WTI crude oil future failed to retain its strength above the psychological mark and the rally fizzled, dragging the commodity lower...
EUR/USD Challenges Lows Near 1.1170, US GDP Eyed The single currency is accelerating its daily decline today, sending EUR/USD to the area of 1.1170, or session lows. EUR/USD lower ahead of US GDP Spot is fading yesterday’s spike to the 1...