Roberto Jacobs / Blog
USD/JPY Forecast: Short Term Bullish, 110.60 Key Short term bullish, 110.60 key. The USD/JPY pair advanced in the European morning, as adding to broad dollar's strength are rising stocks. Safe haven assets are being quickly discarded this Tuesday, and the pair trades near a high so far set at 109...
GBP/USD Firm Around 1.4600 The sterling keeps its buoyancy intact today, with GBP/USD gyrating around the 1.4600 handle as European markets are drawing to a close...
EUR/GBP: Looking for Evidence of a Top and Move Toward 0.75/0.73 - Lloyds Analysts from Lloyds Bank are expecting a decline toward 0.75 - 0.73 in the EUR/GBP pair after making a top at 0.81-0.82. Key Quotes: “Longer-term we have cited 0.81-0...
World Trade Still in the Dull Drums - ING Raoul Leering, Head of International Trade Analysis at ING, explained that global trade declined in March and during the first quarter but global industrial production increased. Key Quotes: “World trade is still in the dull drums...
USD/CHF Building Onto Its Gains Above 0.9900 Handle The USD/CHF pair maintained its bid tone through early NY trading session and the pair has now climbed to its highest level since March 10...
EUR/JPY and EUR/CAD Significant Break Points EUR/JPY from current 122.51 sits perfectly on a vital support as next significant point below is found at 122.41. Both points represent 1636 and 1615 day averages. Next major point above 123.61 and 123.89. Overall range 122.51 to 123.61, 110 pip range...
GBP/JPY Reclaims 160.00 with Ease, Now Aiming 161.50 The British Pound continues to gain traction against its Japanese counterpart, with the GBP/JPY pair surging past 160.00 handle with ease after BoE's testimony before Parliament's Treasury Committee. The pair's recovery from 158...
China: Rising Debt Levels a Concern - BNZ Jason Wong, Currency Strategist at BNZ, suggests that one of the key emerging risks in China is the extent of leverage in the economy. Key Quotes “Credit growth has exploded since the global financial crisis...
USD/TRY Sinks to Lows Near 2.96 Post-CBRT The Turkish Lira is trading on a firm note today, sending USD/TRY to lows in the vicinity of the 2.96 handle. USD/TRY weaker on CBRT The pair accelerated its downside after the Turkish central bank (CBRT) cut the Marginal Funding Rate by 50 bp to 9...