Roberto Jacobs / Blog
GBP/USD Bullish, Aims to 1.4770 – UOB The research team at UOB Group remains bullish on Cable and expects a visit to the 1.4770 area in the near term. Key Quotes “In line with expectations, GBP extended its again to move above the 1.4650 target (high of 1.4663) but the up-move was short-lived”...
USD/CAD Targets 1.35 in the Longer Run – Scotiabank FX Strategist at Scotiabank Eric Theoret sees spot heading towards 1.35 in the long term. Key Quotes “We look to continued gains in USDCAD with near-term risk to 1.33 and medium-term risk to 1.35”...
Oil Reverses from 7-Month Highs, Dips Below $49.00 Mark After touching a fresh seven-month high level of $49.25, WTI crude oil futures turned lower on the back of some profit taking from bullish traders and as the greenback remains well supported...
EUR/USD Is Range-Bound N-Term, So Buy USD/CHF On Dips - Credit Agricole The USD has been relatively well supported...
Evening Euro Target: 1.1260 For the past twenty six hours the difference between pairs heading the same way has reduced. The euro/dollar is up 48 points: from 1.1179 to 1.1227. The pound/dollar is down 113 points: from 1.4663 to 1.4550...
GOFO and Gold Prices The Gold Forward Offered Rate (GOFO) is the swap rate for a goldtoU. S. dollar exchange...
Stocks and Oil Regain Poise as Fears Over Hawkish Fed Subside European stock indices have enjoyed a short-covering bounce that began late in the day on Thursday when Wall Street shares managed to erase most of their earlier declines. At midday in London, the UK’s FTSE 100 was up 1...
FX Treads Water on Friday Market Drivers May 20, 2016 EU Current Account 27.3B vs. 19.6B RBA Edwards - chatter over lower inflation premature Nikkei 0.54% Dax 1.18...
FTSE Looks to Break Losing Streak After four successive weekly declines, the FTSE 100 is attempting to end its dismal run and post a higher weekly close...