Roberto Jacobs / Blog
Investors Still Protecting Themselves from Potential Brexit Paul Hollingsworth, UK Economist at Capital Economics, on ‘Brexit' and GBP According to the latest polls conducted across the UK, the ‘Remain' campaign continues to strengthen its position among voters ahead of the June 23 referendum...
GBP/USD Clinches Highs Post-Data The British pound has recovered the smile today, now pushing GBP/USD to fresh tops in the vicinity of 1.4580. GBP/USD boosted by UK releases The pair managed to advance to session peaks in the 1.4580 area after UK’s Industrial Production expanded 2...
GBP/JPY Recovers to 156.00 on Upbeat UK Manufacturing Data After witnessing a volatile session on Tuesday, the GBP/JPY cross turned lower on Wednesday before recovering sharply to 156.00 level on upbeat UK manufacturing data. Earlier during the day, the cross dropped close to 155...
FxWirePro: BTC/USD Struggles to Break Above $600, Good to Sell on Rallies Chart pattern formed - Double top BTC/USD has formed a double top around $600 and slightly declining from that level. It is currently trading around $575...
FxWirePro: AUD/CAD Finds Stiff Resistance at 0.9542, Good to Sell Rallies AUD/CAD is extending downside from 1-month highs of 0.9545 hit on Tuesday. Intraday bias for the pair is lower, pair finds immediate support at 0.9455 (trendline), then 0.9446 (10-DMA). Major resistance is seen at 0...
EUR/USD Steadies Around 1.1370 as German Yields Drop to Record Lows Little action is seen in the EUR/USD pair in the European session this Wednesday, as the EUR markets have turned cautious amid ECB’s corporate bond purchases and looming Brexit concerns...
EUR/GBP Tests Highs Near 0.7840 A bout of selling pressure saw EUR/GBP briefly testing daily highs in the 0.7840 area before deflating a tad to the current 0.7825/20 band. EUR/GBP focus on UK data The European cross is reverting part of Tuesday’s drop to the mid-0...
GBP/USD Tracks UK Yields Lower, 1.4500 Tested ahead of UK IP The GBP/USD pair failed to keep gains and dropped sharply to 1.45 handle, mainly driven by fresh selling in the UK yields on increased uncertainty surrounding the EU referendum. GBP/USD fresh bids emerge at 1...