Roberto Jacobs / Blog
Gold Fails to Resist Above 50-DMA, Drops Below $ 1250 Gold extends its losing streak into a fifth-day this Tuesday, as persisting calls for a June Fed rate hike weighs down on the non-interest paying investment asset. Gold surrenders $ 1250 mark Currently, gold trades -0.10% lower at 1248...
NZD/USD: Sell-Off Extends, Breaches 100-DMA Support The NZD/USD pair finally broke the overnight consolidative phase to downside and extended its bearish run into the Asian trades, now heading for a test of 0.67 barrier...
EURJPY: Weakens Below Its Consolidation Range EURJPY: With the cross breaking and trading below its consolidation range, risk of more weakness is likely in the days ahead. Support comes in at the 122.00 level where a break will aim at the 121.50 level. A turn below here will target the 121...
AUD/USD's Indecisiveness Could Lead to a Sharp Move A surprising decision by the Reserve Bank of Australia to cut interest rates and a more hawkish-than-expected Federal Reserve meeting minutes has weighed heavily on the AUD/USD in recent times...
USD/JPY Extends Losses to 5-Day Low USD/JPY extended its decline during the New York session and posted fresh 5-day lows as the yen remains among the stronger currencies across the board...
FTSE Rally Withers on the Vine Heading into the close, the FTSE 100 is 15 points lower, as caution regarding Fed policy persists. Markets stuck in a rut Caution over outlook for budget airlines 'Bremain’ camp firmly in the ascendancy...
AUD/JPY Drops Below 79.00, Eyes May Lows The Australian dollar is among the worst performers in the market on Monday and is falling particularly versus the Japanese yen. AUD/JPY is losing 80 pips and continues to move closer to May lows. The pair managed to rise to 79...
GBP/USD Continues to Give Up Last Week’s Gains GBP/USD fell further and made marginal new lows for the day during the American session with the dollar outperforming most peers. GBP/USD edged higher during the European session but the upside was capped by the 1...
USD/JPY: Below 109.30, Door Open to 108.65 - BBH Analysts from Brown Brother Harriman, explain that the USD/JPY pair found resistance around a line connecting March and April highs and now is testing an uptrend line. Key Quotes: “The yen is the strongest of the major currencies...