Roberto Jacobs / Blog
FxWirePro: GBP/USD Rallies to 12-Week High, Outlook Remains Bullish The British pound surged strongly on Friday to hit 12-week high against dollar as investors sold off dollar on back of cautious tone on further rate hike by Federal Reserve earlier in the week...
Canadian Bonds Slump on Tracking Firm Crude, Despite Weak GDP Figure The Canadian government bonds slumped on Friday for second straight day on following strong crude oil prices. The yield on the benchmark 10-year bonds, which moves inversely to its price, moved up 0.40 pct to 1...
China's Commodity Frenzy Defies Regulatory Curb and Higher Fees Last week all three exchanges, Shanghai futures exchange, Zhengzhou commodity exchange and Dalian commodity exchange all hiked commodity futures fees in order to prevent excessive speculations in China’s commodity markets, but that i...
U.S. Treasury Yields Rise Modestly on Profit Booking The U.S government bonds slumped as investors booked profit on last day of the week after long weekly rally due to FOMC decision. Also, firm crude oil prices drove investors from safe-haven assets...
USD/JPY Regains 107.00 but Hovers Near 18-Month Lows USD/JPY extended weakness on Friday and broke below April lows to set a fresh 18-month trough as investors continue to assess BoJ and Fed decisions. USD/JPY fell below the 107 mark and scored its lowest level since October 2014 at 106...
US: Personal Income Rises 0.4% in March; PCE in Line with Expectations The Bureau of Economic Analysis informed that during March personal income increased 0.4%, above the 0.3% gain expected by market consensus; personal spending rose 0.1%, below expectations of a 0.2% increase...
USD/MXN Drops to 4-Month Lows, Eyes 17.00 The Mexican peso is rising sharply against the US dollar as it continues to rally for the fifth day in a row. USD/MXN broke below 17.15 and tumbled to 17.04, reaching the lowest level since December 21. The pair is trading near daily lows, eying 17.00...
Gold Headed for its Highest Close Since Jan. 2015 Gold continues to get a boost from weaker US Dollar and the yellow metal has now surged past $1280 level, its highest level since March 11...
GBP/USD: The Price is Unlikely to Go Above the Level of 1.4625. Technical Analysis of 29/04/2016. Review and dynamics The pair GBP/USD has been growing for the third consecutive week. Earlier, the pair went up in the channel on the daily chart consolidating above support level of 1...