Roberto Jacobs / Blog
GBP/CAD: Bearish Bias Between 1.78/85 - Scotiabank Analysts at Scotiabank noted that GBP/CAD has consolidated over the past two weeks and the sideways movement in the cross has clearly undermined the broader trend move lower in the pound. Key Quotes: "We see strong resistance overhead at 1...
GBP/USD: Rallies on USD Weakness - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the GBP/USD pair advanced up to 1.4695, its highest in four months, and holds nearby at the end of the day, with no certain catalyst behind the mode beyond dollar's own weakness...
EUR/JPY: Off Key April Lows 121.70 - Commerzbank Axel Rudolph, analyst at Commerzbank explained that EUR/JPY retested its April low at 121.71 by dropping to 121.75 last week before stabilizing...
GBP/JPY: Modest Rebound After 700-Pip Decline The pound is up against the yen after falling more than 700 pips in the previous three trading days. GBP/JPY managed to erase losses on Monday and it is up for the first day after hitting earlier a 2-week low...
USD/CAD: Fade on Major Gains in USD - Scotiabank Analysts at Scotiabank explained that USD/CAD’s test of 1.25 on Friday is marked on the daily chart by a minor “doji” candle—ordinarily a warning that a move is prone to a correction...
USD/CAD Manages to Hold Above 1.2500 USD/CAD regained most of the lost ground as oil prices turned lower during the American session, pressuring the Canadian dollar. USD/CAD made a bearish attempt but it was contained by the 1.2510 area and bounced toward 1...
EUR/GBP Downside Playing Out on Brexit Remain Camp EUR/GBP has seen a recent bearish trend take fold as the clock is ticking at the start of a new month and we head ever closer to the EU referendum and the possibility of a Brexit is actually looking a little lower, fuelling a bid in the pound whi...
The Investor is an Endangered Species: Exit EU Edition There are plenty of reasons for investors to be cautious again...
AUD/USD Extends Gains Above 0.7650 The Australian dollar is among the top performers on Monday, in a quiet session for the forex market. AUD/USD rose further during the American session and peaked at 0.7664, just five pips below Friday’s highs...