Roberto Jacobs / Blog
FxWirePro: Kiwi on the Back-Foot, NZD/USD Slips Below 0.78 Handle, Good to Sell Rallies NZD/USD had gained some traction overnight in the US session on the back of the GDT auction, but US dollar picked-up significant strength across the board on upbeat US CPI figures...
FxWirePro: Indian Rupee Hits Fresh Monthly Low Against US Dollar, Intraday Bias Remains Bullish USD/INR is currently trading around 66.91. It made intraday high at 66.96 and low at 66.82 marks. Intraday bias remains neutral till the time pair holds key resistance at 66.91 marks...
USD/CAD Keeps Highs Near 1.2940 The better tone in the greenback has pushed USD/CAD to the upper band of the range near 1.2940...
AUD/USD Drops Back Below 0.7300, Erasing Tuesday’s Gains The AUD/USD pair erased all of its Tuesday’s gains on the back of not so dovish RBA meeting minutes and dropped back below 0.7300 handle as investors now look forward to minutes from April’s FOMC policy meeting...
RBNZ: Rate Cut Likely at June Meeting - Westpac Imre Speizer, Research Analyst at Westpac, notes that the RBNZ held the OCR steady at 2.25% on 28 April, in line with Westpac’s forecast...
Oil Consolidates Near 6-Month Tops ahead of EIA Report Oil benchmarks on both sides of Atlantic take a breather from the overnight upsurge and trades modestly flat as attention now turns towards the EIA inventory report and FOMC minutes due later today. WTI to test $ 50 mark on EIA report...
EUR/GBP Closer to 0.7800 ahead of UK Data The risk-off sentiment has been prevailing throughout the Asian session today. Sending EUR/GBP to the area of daily lows near 0.7800 the figure...
Stronger GDP to Have Positive Implications for USD/JPY - Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that the USD/JPY likely to vacillate near the current level in the near term, though expecting bias toward downward risk over the next few months...
EUR/JPY Finds Support Near 123 Handle, EZ Data Eyed The EUR/JPY cross keeps losses in early Europe, although stages a minor-bounce from near 123 handle as the yen’s relative weakness aids the recovery. EUR/JPY bounces-off a dip below 123 handle The EUR/JPY pair now drops -0.23% to 123...