Roberto Jacobs / Blog
DAX Hovers Below 10,000 The German DAX lost 1.94% or 192 points to end the day at 9,926.77, following further declines in oil prices and renewed concerns over a weakening global economy after China's manufacturing sector contracted for a fourteenth month in-a-row...
Nikkei: Technicals Favour the Downside - FXStreet Asian shares closed mostly higher on Tuesday, fueled by RBA's decision to cut its main benchmark and despite China's Caixin Manufacturing PMI weakened to 49.4 in May from 49.7 in April, below market expectations...
GBP/CAD Holds onto Gains Near 1.8500 The Canadian dollar plummeted against all of its major rivals Tuesday on the back of oil's weakness, leading to an advance to 1.8510 in the GBP/CAD cross. Crude oil futures in the US fell down to $43...
Gold Turns Lower as Dollar Strengthens Gold prices surged at the beginning of the day, but the greenback’s comeback seen during the American afternoon sent the commodity into the red, with spot down to a fresh weekly low of $1,282.13 an ounce before settling around 1,286.50...
NZD/USD: En-Route for Key 20 Supporting DMA 0.6900 NZD/USD has taken a tumble on a number of counts and broad dollar strength and in an extension of last nights supply on the back of the RBA cutting rates in the pacific...
EUR/USD: Greenback Battles Back - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the American dollar fell to fresh yearly lows against most of its major rivals this Tuesday, as poor manufacturing data coming from China revived concerns over a global economic slowdown...
EUR/USD Finds Support at 1.1500 The decline of the EUR/USD pair from 1.1615, the highest level since August.2015, found support at the 1.1500 handle. The euro started to pullback and accelerated to the downside on American hours amid a stronger US dollar across the board...
GBP/USD: Further Declines to Follow to 1.4370 - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that following an advance to 1.4769, a fresh 4-month high, the GBP/USD pair plunged to 1.4530". Extra related reading: Brexit Countdown: the "Has Britain Got Talent...
Brexit Countdown: The "Has Britain Got Talent?" Edition Traders got back from a long weekend in London earlier today after May Day celebrations and spring festivals...