Roberto Jacobs / Blog
NZD/USD: Rising Channel Compromised, Target 100 DMA NZD/USD is consolidated at a key level within the rising daily channel. The downside has come back on to play and the bears are starting to make a strong case for a breakout to the downside with a double top at the mid way point of the 0...
RBA Quarterly Statement Coming Up - ANZ Analysts at ANZ noted that the RBA’s quarterly Statement on Monetary Policy is released today. Key Quotes: "After the rate cut earlier this week it will be a key focus for markets...
EUR/GBP Falls After 4-Day Rally EUR/GBP is losing 50 pips on Thursday despite another weak economic report from the United Kingdom. During the American session, the pair printed a fresh daily low at 0.7860, the lowest since Tuesday. The pair started the day above 0...
Brexit Fears Impending on UK Growth - Scotiabank Analysts at Scotiabank explained that UK Markit/CIPS services and composite PMI data came in below expectations for April at 52.3 (versus a market consensus of 53.5) and 51.9 (53.2) respectively...
EUR/USD: This is All about the Greenback - BTMU Analysts at Bank of Tokyo Mitsubishi explained that the main driver of the move higher for EUR/USD in recent months has been broad based US dollar weakness rather than euro specific factors...
NZD/USD: Daily Double Top, Target 0.6720? NZD/USD remains within the rising daily channel, but is starting to make a case for a breakout to the downside with a double top at the mid way point of the 0.70 handle and another set of down intra-sessions. NZD/USD lost the 0...
EUR/USD Clings to 1.1400 After losing more than a hundred pips throughout the day, EUR/USD found support at the 10-day SMA and entered a quieter phase, as investors attention turns to the US nonfarm payrolls report due on Friday. EUR/USD extended its pullback from an 8-month peak of 1...
Nonfarm Payrolls: Expect the Unexpected The US economy is expected to have added roughly 200,000 new jobs in April, way too optimistic, given these last few day's macroeconomic releases. Adding to a quite disappointing US growth in the first quarter, as the advanced GDP reading came in a 0...
GBP/USD Consolidates Near 10-Day Lows GBP/USD has spent the last hours in a narrow range, unable to set short-term direction, after hitting 10-day lows amid broad USD strength and disappointing UK data released during the European session. GBP/USD bottomed out at 1...