Roberto Jacobs / Blog
USD/JPY Sidelined Around 106.60 Post ISM USD/JPY is posting decent gains on Monday, with the Japanese currency giving away part of the recent strong advance...
GBP/USD Trims Gain from Around 1.4700 Level The GBP/USD pair pared some of its gains from the vicinity of 1.4700 mark and dropped back to 1.4660 level. The pair continues to climb heights and moved to session high of 1.4696, inch closer to 1...
FxWirePro: CAD/CHF Faces Strong Resistance at 0.7750, Good to Buy at Dips Major resistance – 0.7750 (Double top) Major support- 0.7600 The pair has made a high of 0.77356 and slightly declined from that level. It is currently trading around 0.76485...
EUR/GBP Reversing from 50-Day SMA, Holds Above 0.7800 Level The EUR/GBP pair failed to extend its up-move on Monday and has now dropped to day's through near 0.7825 level. At the start of the European session, the pair managed to climb to 0...
EUR/USD Bullish Short-Term – Scotiabank Shaun Osborne, Chief FX Strategist at Scotiabank, noted the bullish outlook for the pair in the near-term. Key Quotes “The late April softness in EURUSD that we thought was the prelude to a dip towards 1.10 proved to be no such thing”...
AUD/USD Keeps its Bearish Stance Medium Term – Rabobank The prospects for the Aussie dollar remain tilted toward the bearish side in the medium term, suggested Jane Foley, Senior FX Strategist at Rabobank. Key Quotes “Australia’s unemployment rate dropped to a 2.5 yr low at 5...
Oil Erases Early Losses, Touches $46.00 Level WTI crude oil futures erased all of its early losses to move back towards $46.00 mark. The commodity is currently trading near $45.95, with some marginal gain from its Friday's close of $45.92. On Friday, crude oil gave up its gains from $46...
EUR/USD Still Below 1.1500 Ahead of Draghi EUR/USD keeps its upside bias unchanged on Monday, although a break above the 1.1500 barrier still remains elusive. EUR/USD now looks to Draghi, US ISM The pair navigates the area of 2016 peaks around 1...
Yen May Not Stop at 105 Even in Short Term Last week has been filled with speculation that Bank of Japan (BOJ) may extend its monetary stimulus on Thursday, especially after negative rates loan rumor, but they didn’t...