Roberto Jacobs / Blog
NZD/USD: Technical Picture is Bearish - Westpac Imre Speizer, Research Analyst at Westpac, suggests that the NZD/USD has been stronger than expected so far this year, thanks mainly to the US dollar’s decline. Key Quotes “We still expect it to weaken but now target an upgraded 0...
AUD/JPY Extends 3-Day Winning Streak, 80 Handle Tested AUD/JPY extends its recovery mode from three-month troughs, receiving fresh boost from the extension of the risk-on trades in Europe. AUD/JPY advances on yen weakness The AUD/JPY pair now trades +0.66% higher at 79...
NOK-Longs will Have to Wait – Danske Bank Mikael Milhoj, Senior Analyst at Danske Bank, believes NOK could barely react to another ‘on-hold’ stance by the Norges Bank at its meeting later in the week...
EUR/USD Back on the Bids, Re-takes 1.1400 Fresh bids caught the EUR/USD pair ahead of 20-DMA (1.1368) over the last hour, as the US dollar wiped-out gains and turned in the red zone against its major peers amid a data-quiet European session ahead. EUR/USD bounces-off 1...
GBP/USD Attempting a Move Past 20-DMA Resistance The GBP/USD pair maintained its bid tone above 1.4400 pivot point, lifting the pair back to day's peak level of 1.4428 during early European session...
EUR/GBP Risks a Drop to 0.7654 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could re-visit the mid-0.7600s. Key Quotes “No change - EUR/GBP continues to probe the...
EUR/USD Neutral, Could Test 1.13 – UOB Analysts at UOB Group keep the neutral stance on EUR/USD, although it could slip toward the 1.1300 handle in the near term. Key Quotes “We just shifted to a neutral stance last Friday and there is no change to the view”...
Oil Trades Mixed, Cautious Before Weekly Inventory Reports Having witnessed a volatile session the day earlier, oil benchmarks on both sides of Atlantic are seen trading directionless in a tight range, as markets await the API inventory report for fresh momentum...
USD/CHF Retreats from Highs, Tests 0.9700 The greenback keeps alive its march north on Tuesday, although USD/CHF has retreated from highs and returned to the 0.9700 neighbourhood...