Roberto Jacobs / Blog
EURUSD: Looks To Strengthen Further With Caution EURUSD: With EURUSD closing higher the past week, further recovery is envisaged. However, it faces its key over head resistance located at 1.1464 level. Support lies at the 1.1400 level. Further down, support comes in at the 1...
EUR/USD Advances Further, Closer to 1.15 The single currency is extending its upside momentum at the beginning of the week, taking EUR/USD to the 1.1480 area. EUR/USD focus on Draghi, PMIs After hitting fresh 2016 highs just above 1...
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with high risks associated. Data released so far – Australia – TD securities inflation grew 1.5% y/y in April, slower than 1.7% registered in March...
GBP/USD Supported at 1.4600 Amid Holiday-Thinned Trades The GBP/USD pair found renewed bids just ahead of 1.46 handle and now takes on the recovery towards daily highs amid a lack of fresh fundamental drivers as the UK markets remain closed today in observance of May Day...
AUD: NAB Business Survey Point to a Very Favourable Business Environment - NAB Research Team at NAB, notes that the NAB Business Survey continues to point to a very favourable business environment for Australian firms, despite giving up some of the strong gains witnessed in last month’s survey...
FxWirePro: USD/INR Breaks Key Support at 66.32, Good to Sell on Rallies USD/INR is currently trading at 66.32 marks. It made intraday high at 66.41 and low at 66.32 levels. Intraday bias remains bearish for the moment. A daily close below 66.32 will take the parity down around key supports at 66...
FxWirePro: USD/JPY Recovers Slightly from Fresh 18-Month Lows at 106.13, Good to Sell Rallies JPY bulls took a breather from their recent upsurge, USD/JPY is attempting a slight recovery from fresh 18-month lows at 106.13...
CAD: Canadian Dollar Flying High – BBH Research Team at BBH, suggests that the rising oil prices, a stand pat Fed with diminished chances of a Canadian rate cut, and a Bank of Canada that has not objected to the strength of the Canadian dollar has seen the Loonie's gains extended...
Leveraged Funds Increased AUD Net Longs - Westpac Research Team at Westpac, notes that the CFTC’s Commitment of Traders report showed that speculators were very much positioned the wrong way on the eve of Australia’s stunning inflation data...