Roberto Jacobs / Blog
USD/JPY StillTtargets 109.70 – UOB The research team at UOB Group reiterated USD/JPY’s initial target at 109.70 in the next weeks. Key Quotes “USD touched a high of 109.64 yesterday, just below the 109.70 target”...
EUR/USD Forecast: Fresh Lows, More to Come The EUR/USD pair plummeted to a fresh three-week low of 1.1255, on the back of poor EU inflation data. In April 2016, EU annual inflation fell 0.2%, whilst monthly basis, inflation remained flat at 0.0...
EUR/GBP Potential ‘Head and Shoulders’ Pattern ahead? – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the likeliness that the cross could be developing a ‘Head and Shoulders’ pattern. Key Quotes “EUR/GBP after sitting all week just below the...
Risk-Off Grips Europe as Oil Retreats, FTSE Ignores UK Jobs The sentiment on European stock markets remained largely subdued this Wednesday, with the renewed weakness in oil prices triggering a fresh bout of risk-aversion across the markets...
Oil Drops to $48.00, Eyeing Weekly Inventory Data and FOMC Minutes After rising to a seven-month high on Tuesday, WTI crude oil futures fell to $48.00/barrel mark on Wednesday ahead of the looming official EIA's crude oil inventories data. On Tuesday, the black gold rose to $48...
EUR/USD Drops Further Post-EMU Data The shared currency is now accelerating its downside, sending EUR/USD to the 1.1260 area...
FxWirePro: BTC/USD Struggles to Close Above $470, Good to Sell on Rallies Major resistance -$470 (Apr 26th 2016) BTC/USD has slightly recovered from the low of $451 yesterday. It is currently trading around $453.79...
GBP/USD Forecast: Unmotivated by Mixed UK Data The American dollar traded generally higher across the board at the beginning of this Wednesday an ahead of the FOMC Minutes, although the GBP/USD pair held within a tight range ahead of the release of UK employment data, which resulted overall mixed...
Sell the Rallies in USD/CAD – Westpac Strategists at Westpac have recommended selling the pair on upticks to the 1.3000 mark. Key Quotes “Oil price gains leaving CAD in its wake, the former suggesting USD/CAD is more fairly valued nearer 1.25 whereas USD/CAD if anything is threatening 1.30...