Roberto Jacobs / Blog
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...
FX and Oil Correlation - Rabobank We are all oil analysts now. This mantra has been stated time and time again of late given the close relationship between oil and asset prices across markets. Key Quotes: "Of course, this theme is not new but the question of how long it will last remains key...
USD/CHF: Rebound from the Low Line of the Channel. Technical Analysis of 05/05/2016 Review and dynamics From the level of 1.0300 in December 2015 the pair USD/CHF has dropped by over 700 points by now. On the daily chart the pair declines in the channel with the lower limit at the level of 0...
USD/CHF: There are Grounds for the Rise in the Pair. Fundamental Analysis of 05.05.2016 Although the pair USD/CHF has reached 8-month lows, it is advisable to be careful when opening short positions on the pair. It happens that historically May is a favourable month for the USD...
FxWirePro: AUD/USD Outlook Weaker on Renewed Downside Pressure AUD/USD pair inched higher in the Asian session as the pair was lifted up after upbeat retail sales data from Australia. Immediately after the data release the pair rose towards 0.7500. However, after finding resistance at 0...
EUR/USD: NFP to Decide on the Reversal - MUFG According to analysts from The Bank of Tokyo-Mitsubishi UFJ, the Non-Farm Payroll report on Friday will dictate whether recent US dollar weakness continues to reverse...
USD/CHF Hits 1-Week High, Nears 0.9700 The US dollar extended its rally versus the franc during the New York session, reaching its highest level in a week, just a few pips below the 0.97 mark. USD/CHF continued to recover from an 8-month low of 0...