Roberto Jacobs / Blog
OECD: Leading Indicators Point to Stable Growth in Euro Area The Paris-based research body, Organisation for Economic Co-operation and Development (OECD) is out with their latest outlook on the global economy based on the leading indicators, which suggests continued to slowdown in the UK and Ital...
EUR/PLN Bounces Off Lows on NBP Decision The Polish Zloty is partially eroding its earlier advance vs. its European peer, pushing EUR/PLN to the 4.3460 area...
GBP/USD Forecast: Choppy Price Action Ahead of the Referendum The GBP/USD pair trades neutral around its daily opening, bouncing from a daily low set at 1...
USDCHF: Vulnerable, Targets Further Weakness USDCHF: Having the pair declined further on Tuesday, it looks to extend that weakness in the days ahead which is already underway. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0...
Crude Oil Target 3 Hit with Chinese Oil Imports Up 38% Crude Oil, daily Crude oil price is at the time of writing trading higher with support given to it by the hefty increase in Chinese import numbers, low US oil inventories and fears that Nigerian oil production might attract new attacks from t...
GBP/USD: Off-Highs, Consolidates Around 20-DMA The GBP/USD pair reversed entire upward rally triggered by surprisingly positive UK industrial production data and reverted to the negative territory amid persistent risk-off market profile, reflected by lower UK gilt yields. GBP/USD rejected at 1...
EUR/USD Parked Around 1.1370, Bunds, Oil Eyed EUR/USD is now attempting a consolidative pattern around 1.1370, all within a narrow range between 1.1350 and 1.1380. EUR/USD looks to German FI The pair is recovering from the earlier knee-jerk to the mid-1...
European Stocks Back in the Red as Global Growth Woes Resurface The European stocks snapped the previous rebound and fell into losses this Wednesday as worries over Brexit aggravated, while global growth concerns returned to markets and dampened the investors’ sentiments...
GBP/USD Still Neutral Short-Term – UOB The research team at UOB Group sees unchanged the neutral outlook on GBP/USD for the next 1-3 weeks. Key Quotes “GBP inexplicably surged to a high of 1.4664 before reversing as quickly back to a low of 1.4494...