Roberto Jacobs / Blog
Oil: Market Hit with the Tragic Wildfires Spreading through Canada – Deutsche Bank Research Team at Deutsche Bank, suggests that the big story for energy markets are the tragic wildfires spreading through Canada currently...
Would Brexit Lead to a UK Rate Cut? – Investec Research Team at Investec, notes that the Sunday Times was reporting yesterday that the Bank of England has asked banks to prepare for the possibility of a rate cut if Britain leaves the EU, without attributing the statement to any particular source...
GBP/USD Back to Square One GBP/USD has returned to the starting point after the bounce from fresh 2-week lows was capped by the 1.4480 zone. Cable hit its lowest level since Apr 22 at 1.4373 during the European session, but managed to recover ground afterwards...
EUR/USD Neutral/Bearish Near-term – Scotiabank Shaun Osborne, Chief FX Strategist at Scotiabank, has reiterated the neutral/bearish stance of the pair in the near term. Key Quotes “The EUR is trading modestly weaker against the USD and its G10 peers in quiet trading”...
USD/JPY Recovery Gains Momentum to Reclaim 108.00 Level The USD/JPY bulls extended the pair's firm bid tone, pushing the pair through 108.00 handle for the first time since late April to a 2-week high level of 108.37...
AUD/USD Seems Vulnerable to Drop Below 0.7330 Support The AUD/USD pair continues to slide further during European session and tested its immediate important support confluence near 0.7330 level. After an initial pull-back to 0...
EUR/USD Wobbling Around 1.1400 EUR/USD is now attempting to regain the 1.1400 handle after bottoming out near 1.1370 earlier in the session. EUR/USD attention to risk trends, US data The pair keeps the narrow range at the beginning of the week, meandering between 1.1370 and 1...
NZD/USD Momentarily Dips Below 0.6800 Handle The NZD/USD pair extended its decline further on Monday and has now dropped below an important support confluence near 0.6810-0.6805 to currently trade at the session low level of 0.6800 handle...
USD/CAD Firm Above 1.29 Ahead of Data The greenback retains its buoyant tone on Monday, with USD/CAD keeping the trade in the area of daily highs around 1.2930/40. USD/CAD stronger pre-data The pair is extending its recent rally from multi-month lows in the 1...