Roberto Jacobs / Blog
EUR/GBP Drops Below 0.7700 ahead of German ZEW Sentiment The relative under-performance of the shared currency (EUR) against the British Pound (GBP) has now dragged the EUR/GBP pair back below 0.7700 handle just ahead of German ZEW economic sentiment index reading for the month of May...
Daily Analysis of USDX for May 24, 2016 USDX is trading below the resistance zone of 95.68, but the intraday structure remains sideways. However, an acceleration below the 95.22 level will open the doors for a decline toward the 94...
Daily Analysis of GBP/USD for May 24, 2016 The pair had a very volatile session yesterday, as it has been hovering below the resistance level of 1.4549, where a fractal was formed. The nearest support is located around the 1...
JPY: Diverging Views Between the US and Japan on Intervention – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has remained on a firmer footing in the Asian trading session supported by more risk-averse trading conditions in the near-term...
USD/CAD Rises to 7-Week High USD/CAD rose to a fresh 7-week high early on Tuesday at 1.3176. RSI is trending upwards and has not entered overbought territory yet, so there is room for further upside. The market is close to the April 4 high of 1.3217. If it is surpassed, there is scope to target 1...
EUR/USD Still Focused on 1.1140 – UOB Analysts at UOB Group have noted the relevance of the next support level around 1.1140 in the next weeks. Key Quotes “Momentum indicators continue to deteriorate and the prospect for the current bearish phase to extend lower to the next key level at 1...
USD: Currency Index & Volatility Relative Currency Strength The British pound became the undisputed leader of the previous week. While its peers fluctuated in the range between -1.2% and +1%, the GBP Index experienced an almost 3% growth, fueled by the Brexit poll data release...
German Bunds Climb on Soft Economic Growth The German bunds surged further on Tuesday after reading weaker than expected first quarter Gross Domestic Product (GDP) figure. Also, investors shifted to safe-haven buying amid losses in riskier assets including crude oil and stocks...
FxWirePro: GBP/NZD Faces Strong Support at 100 Day MA, Good to Buy at Dips Major Support- 2.1320 (100 day MA) The pair has made a low of 2.3150 and recovered from that level. It is currently trading at 2.15620. Market awaits BOE inflation report hearings for further direction...