Roberto Jacobs / Blog
US Dollar Keeps Falling, Closer to 93.50 The selling pressure remains intact around the greenback when tracked by the US Dollar Index, currently grinding lower to the 93.60 area...
GBP/USD Spikes to The Vicinity of 1.4600 Handle The GBP/USD pair bulls initially seemed unimpressed with surprisingly strong manufacturing data before the pair regained its bullish momentum and spiked to a fresh session high level of 1.4595, a whisker away from 1.4600 handle...
EUR/GBP Erases Recovery Gains to 0.7840, Trading Flat Around 0.7800 The EUR/GBP cross erased all of its Wednesday's up-move and turned flat as renewed GBP buying interest emerged after surprisingly strong manufacturing and industrial production data...
JPY: Supported by Numerous Factors - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the yen is stronger versus most G10 currencies this morning as upside pressure persists with numerous factors set to keep the currency underpinned...
NZD/USD Still Bullish, RBNZ on Focus – UOB Analysts at UOB Group have reiterated the bullish perspective for the Kiwi dollar ahead of the RBNZ decision due tomorrow. Key Quotes “Against our expectation, NZD continues to march higher despite overbought conditions...
USD/CHF Breaks Major Support 0.9628, Targets 0.9540 Major support – 0.96280 (61.8% retracement of 0.94294 and 0.99508) Major resistance -0.9660 (Support turned into resistance) USD/CHF has broken major support 0.96280 and slightly declined from that level. It is currently trading around 0.96299...
AUD/USD Sell the Rallies to 0.7480 – Westpac Strategists at Westpac have reiterated the ‘sell-on-rallies’ outlook on the Aussie dollar. Key Quotes “The RBA’s steady hand this week was no surprise but the lack of an overt easing bias was”...
Yen Demand at The Moment is as a Form of ‘Brexit’ Insurance - SocGen Kit Juckes, Research Analyst at Societe Generale, notes that Japan’s Q1 GDP was revised up to show a 1.9% annualised growth rate in Q1. Key Quotes “The same series is flat on a y/y basis so I’m not getting over-excited...
GBP/USD Negative Bias Confirmed Below 1.4285 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair needs to close below 1.4285 to confirm the negative bias. Key Quotes “GBP/USD has bounced from support but remains below initial resistance at 1.4665...