Roberto Jacobs / Blog
EUR/GBP Fades a Spike to 0.7940 After hitting a fresh two-week of around 0.7940 on Wednesday, the EUR/GBP pair has given away some pips and has now returned to 0.7920 level...
USD/JPY Still Bearish Near Term – Westpac Spot could meet further downside pressure in the upcoming weeks, suggested strategists at Westpac. Key Quotes “We shift back to a bearish USD/JPY bias, the catalyst being the ‘shock’ no change from the BoJ”...
AUD/USD Could Re-test 0.7410 – UOB In opinion of analysts at UOB Group, the Aussie dollar risks a potential visit to the 0.7400 neighbourhood in the near term. Key Quotes “AUD breached our bearish stop-loss at 0.7690 yesterday before reversing sharply to end the day 0.7485”...
Dollar Reaction to ADP Employment Report a Must Watch ADP employment data to be released at 12:15 GMT is today’s most vital dockets from US to be watched by market participants. This report is of a time when dust of volatility has somewhat settled and economic dockets remained relatively strong...
GBP/USD Recovers Back Above 1.4500 handle The GBP/USD pair recovered from day’s through level of 1.4462 and moved back above 1.4500 level on disappointing employment number from the US ADP report...
Short GBP/CAD – Nomura Research Team at Nomura, suggests to go short on GBP/CAD pair as they expect poor data, risk sentiment and the elections to prompt GBP underperformance. Key Quotes “The market has seen a good amount of unwinding of the Brexit downside trade in GBP/USD in recent weeks...
EUR/USD Hits Daily Highs After Disappointing ADP Report EUR/USD moved higher and printed fresh daily highs as the dollar weakened following the release of below expectations US employment data...
USD/CAD Eyes 1.2800 on US Data The greenback has quickly recovered the smile following disappointing ADP figures, now sending USD/CAD to post fresh session tops beyond 1.2780...
USD/CAD: Bullish Engulfing Suggests Possibility of Short Term Rebound - SocGen Research Team at Societe Generale, notes that after a steady down move USD/CAD probed their earlier advocated level of 1.25, the monthly channel limit and the 38.2% retracement from 2007 lows...