Roberto Jacobs / Blog
FxWirePro: GBP/NZD Breaks Major Trendline Support and slips Below 1h 50-SMA, Good to Sell Rallies GBP/NZD rejected at day's highs by 2.1102, and is currently trading at 2.1016 levels. The pair has broken major trend line support at 2.1047 on the hourly charts and has slipped below the 1H 50-SMA...
Australian Bonds Continue to Rally After RBA Rate Cut, Despite Firm Economic Data The Australian government bonds continued to rise Thursday for three consecutive days as investors pour into safe-haven assets after Reserve Bank of Australia lowered its interest rate by 25 bps to historic low of 1...
FxWirePro: Time to Invite Shorts in Bearish Hedging Strategies for EUR/JPY Long Term Risks Glimpse on Technicals: The pair has been bouncing from last 3-4 days after testing supports at 121.680...
Canada's Weak Trade in March Suggests Q1 GDP Growth Likely to be Weaker Than Anticipated Canada’s trade deficit broadened from downwardly revised $2.5 billion in February to $3.4 billion in March. Exports in March fell 4.8%, surpassing the decline in imports of 2.4%. Export volumes declined 2...
FxWirePro: EUR/GBP Holds Above the 0.79 Handle, Focus on UK Services PMI Data EUR/GBP trades a narrow range on the day (15 pips), day's highs at 0.7925 and lows at 0.7910. Upside on Wednesday capped at 0.7947 (Mar 23rd highs), pair holds above the 0.79 handle. 0...
AUD/USD Takes-Out 0.7500, Solid Aus Data Underpins The bid tone around the AUD keeps growing bigger as we head into early European trades, driving the AUD/USD relief rally above 0.75 handle. AUD/USD eyes Wednesday’s high Currently, the AUD/USD pair rises 0.64% to 0...
USD/JPY Ranging Around 107.00 Level The USD/JPY pair on Wednesday moved within a narrow trading range, circling around 107.00 handle, amid thin liquidity on the back of a bank holiday in Japan and EU. The pair on Wednesday retreated from high of 107...
EUR/GBP Retreats to 0.7910 Ahead of UK PMI The bid tone around the sterling is prompting EUR/GBP to recede from yesterday’s tops in the mid-0.7900s and test the 0.7910/00 band...
3 Reasons to be Bearish Euro – Nomura Bilal Hafeez, Research Analyst at Nomura, suggests that recently, the euro saw an intra-day high of 1.1616 – while not quite as high as the 1.1714 high seen in August last year when equity markets plunged, it has nevertheless challenged our bearish euro view...