Roberto Jacobs / Blog
FxWirePro: AUD/JPY Major Support at 79.60, Weakness Only on Breaks Below AUD/JPY has been trading a falling channel on the weekly charts. Major support is seen around 76.50 to 79.60 zone. Breaks below could see test of 77.60 level. Further weakness could see test of channel base at 75 levels...
EUR/GBP Eying 50-Day SMA to Extend Support The EUR/GBP pair extended its slide during pre-opening session in the US, hitting fresh sessions low of 0.7878...
USD/JPY Keeps Gains Aabove 107.00 on US Data The greenback is clinging to its daily gains vs. its Japanese counterpart today, with USD/JPY navigating the low-107.00s following US releases...
What is Correlating in FX? - Nomura Research Team at Nomura, suggests that after scanning 2,000 cross-market correlations, they find that nominal rate differentials have started to assert themselves...
US Jobless Claims Rose for a Second Week US initial jobless claims climbed 17,000 to 274,000 in the week ended Apr 29, the Labor Department said Thursday...
EUR/USD Stays Near Lows after US Jobless Claims EUR/USD remained steady near daily lows after data showed US jobless claims rose for the second straight week...
EUR/JPY Fall to Session Low of 122.50 After yesterday's rejection from 123.53 level, on Thursday too, the EUR/JPY pair failed to sustain its move above 123.00 handle and has now dropped to day's through level of 122.50...
USD: Positioning Itself for a Big Move - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the futures market may be suggesting that the market is pricing in only a 10% chance of a Fed rate hike in June but there other signs that many investors may have started to take the risk muc...
USD Could See a Bounce to 94.00/95.00 – Westpac Strategist Richard Franulovich at Westpac believes the rebound of the greenback could test the 94.00/95.00 area. Key Quotes “USD oversold on multiple metrics - heavy short positioning and underdone Fed hike probabilities two notable examples”...