Roberto Jacobs / Blog
EUR/USD Subdued Trading Below 1.1400 Handle The EUR/USD pair's attempted recovery from lower level now seems to face difficulty in building momentum beyond 1.1400 handle despite of better-than-expected German factory orders and Sentix investor confidence index...
US Treasuries Flat in Thin Trade The U.S. Treasuries were trading nearly flat on Monday amid subdued trade with investors seeking riskier assets. The yield on the benchmark 10-year Treasury note which moves inversely to its price stood unchanged at 1...
USD/CAD Finds Resistance Ahead of 1.3000 USD/CAD has extended gains on Monday, supported by a steep decline in oil prices which sent the loonie stumbling. USD/CAD broke above Friday’s highs and climbed to its highest level in 3 weeks at 1...
Gold Drops to Lows Near $1,270 The troy ounce of the precious metal is trading on a negative fashion on Monday, coming down to test the vicinity of $1,270, or daily lows...
Oil Erase Early Gains to $46.00, Turns Negative but Holds $44.00 WTI crude oil futures once again are seeing selling pressure at higher levels, near $45.90-$46.00/barrel mark, forcing the commodity to erase all of its early gains to currently trade at low point of the day $44.20...
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”...