Roberto Jacobs / Blog
USD Sell-Off Over? – Danske Bank Chief Analyst at Danske Bank Allan von Mehren believes the downside in the US Dollar could be almost over. Key Quotes “The sell-off in the DXY Index accelerated early on Tuesday, only to reverse later in the day”...
FxWirePro: AUD/USD Downside Pauses Above 38.2% Fib, Further Weakness on Breaks Below AUD/USD downside stalls just shy of 38.2% Fib of Jan to April rise at 0.7450, further downside can be seen only on breaks below...
Australian Bonds Rally on RBA Rate Cut, Weak Crude The Australian bonds rallied Wednesday for two 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 1.75 pct...
FxWirePro: Gold Struggles to Close Above $1300, Good to Sell on Rallies Potential reversal Zone - $1303 (May 2nd high) Gold has once again broken major psychological resistance $1300 and jumped till $1301.70 yesterday...
US Treasury: Another Warning for Japan – Westpac Sean Callow, Research Analyst at Westpac, suggests that in the US Treasury’s semi-annual FX report to Congress, there is no formal designation of currency manipulation but a new “Monitoring List” has been brought in, with the inaugural members Chin...
USD/CAD Retreats from Highs, Back Near 1.2720 The upside momentum in the greenback seems to be taking a breather ahead of the European open today, with USD/CAD easing some ground to the 1.2720 area...
NZD: Robust Labour Market Report - TDS Research Team at TDS, notes that the NZ’s Q1 labour market report was robust with the u/e rate jump from 5.4% to 5.7% due to the participation rate slightly outpacing a strong lift in employment (+1.2%/qtr...
Oil: Bears Take a Breather, Steadies Before US Jobs, EIA Report After a sharp sell-off in the previous session, oil benchmarks on both sides of Atlantic look to stabilize on Wednesday as focus now shifts towards the key US ADP data and EIA inventory report...
EUR/GBP in Red Around 0.7900, UK Data Eyed EUR/GBP is snapping a 3-day positive streak on Wednesday, currently wobbling around the 0.7900 handle after testing highs near 0.7920 on Tuesday...