Roberto Jacobs / Blog
Oil Reaches Fresh 10-Month Highs Amid Output Disruptions Oil prices rose to fresh 10-month highs on Wednesday, as a drawdown in US stockpiles and output disruptions in Nigeria helped to ease supply glut concerns. West Texas Intermediate crude oil for July rose 1.7% and settled at $51...
Oil Pulls Back After Fresh Highs Despite Inventory Drawdown Oil futures reached fresh 10-month highs and immediately turned lower despite data showed US crude oil inventories declined more than expected last week. US Department of Energy reported US crude oil inventories fell by 3...
GBP/CAD Resumes Decline, Hits Fresh 1-Month Lows The GBP/CAD cross shed around 130 pips on Wednesday, resuming its decline as crude oil prices rallied to fresh 10-month highs...
EUR/USD: Upside Seen Limited - UBS UBS analyst team still think the Fed will hike rates this year, which should shift US yields higher and support the USD, however they warn against opening positions ahead of the June 14-15 meeting. Key Quotes “Today we closed our short EUR vs...
EUR/USD Consolidating Gains Hovers Around 1.1400 EUR/USD rose to 1.1410, hitting the highest level since May 12 at 1.1410 after the beginning of the American session. Afterward it pulled back modestly and it has been moving in a range during the last hours between 1.1385 and 1.1410...
Gold Advances to 3-Week Highs Gold advanced to fresh 3-week high on Wednesday, as fading hopes of a Fed rate hike continued to weigh on the dollar. The yellow metal reached its highest since mid May at $1,264.32 an ounce, to finally settle above the $1,260.00 mark. Gold has recovered up to the 61...
FxWirePro: USD/CAD Pauses Decline, Downside Risk Remains The USD/CAD pair continued its decline on Wednesday, as the Canadian dollar gained strength as the prices of oil gained further ground. A weaker U.S. dollar added to gains for the loonie...
EUR/USD: Modest Advance Keeps the Risk Towards the Upside EUR/USD Current Price: 1.1402 The American dollar ends the day marginally lower against most of its major rivals, with the EUR/USD pair extending its rally up to 1.1410...