Roberto Jacobs / Blog
German Bunds Mixed on FED Rate Hike Expectations, Weak Risk Appetite The German bunds traded mixed on Wednesday after data showed better than expected U.S economic data and hawkish comments from Federal Reserve officials...
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...