Roberto Jacobs / Blog
USD/JPY Retreats from 109.70 The greenback remains on a firm footing during the first half of the week, with USD/JPY now easing a tad from highs around the key 109.70 area. USD/JPY bolstered by Fedspeak The Japanese currency has surrendered part of its recent gains to the 109.00 neighbourhood vs...
AUD: How High Can 3s Trade? – RBC CM Research Team at RBC Capital Markets, notes that the Australian 3s have shifted into higher trading range and will be well supported back towards cash. Key Quotes “Recent history suggests that 3s can test 40bp through (1.35% / 98.65 on 3y futures...
AUD/USD: Bears Relentless on Increased Odds of RBA Rate Cuts The bears tightened their grip on the AUD during the European session, smashing AUD/USD to fresh twelve-week lows near 0.7150 levels. AUD/USD eyes 0.71 handle Currently, the AUD/USD pair sinks -0.90% at 0...
JPY Remains the Cheapest Currencies of the Majors - BNZ Jason Wong, Currency Strategist at BNZ, suggests that it was a deadly quiet start to the trading week, with little to report other than yesterday’s strengthening of the Yen...
Dollar Bulls or Risk Aversion – Investec Research Team at Investec, notes that yesterday's market reports that German company Bayer were to make an all-cash bid of $62 billion Dollars for US based Monsanto (to create the world's biggest supplier of farm chemicals and genetically modified seeds) f...
Technical Analysis of USD/CAD for May 24, 2016 General overview for 24/05/2016: As anticipated yesterday the wave iv corrective cycle is currently unfolding just above the weekly pivot at the level of 1.3056...
Technical Analysis of Silver for May 24, 2016 Technical outlook and chart setups: Silver is also seen to be trading lower at $16.28 level at this moment, and it is expected to find support at $16.00 level. Please note that fibonacci 0.618 support is also at $16...
Technical Analysis of Gold for May 24, 2016 Technical outlook and chart setups: Gold is seen to be trading lower at $1,245.00/46.00 levels for now, just below the trend line support as depicted here. Please note that the metal is still holding fibonacci 0...
Technical Analysis of USD/JPY for May 24, 2016 USD/JPY is expected to continue its downside movement. Overnight U.S. indexes dipped in light trading volume, dragged by utilities shares...