Roberto Jacobs / Blog
CAD/JPY Faces Resistance at 84.25, Break Above Targets 85/85.50 Major resistance – 84.25 (trend line joining 84.43 and 84.31) Major support – 83.60 (90 H EMA) CAD/JPY has jumped till 84.21 after making a low of 83.74 at the time of writing. It is currently trading around 84.09...
Oil Turns Flat to $50.40, Eyeing EIA Inventory Data for Further Direction After hitting a fresh 8-month high level of $50.54, WTI crude oil prices retraced a bit from session high level to currently trade absolutely flat at Tuesday's closing high level of $50.40...
Gold Rises Above $1250 to a Fresh 2-Week High Level Following a minor pull back on Tuesday, dimming expectations of a Fed rate-hike continued assisting Gold to inch higher on Wednesday to currently trade above 50-day SMA resistance at a fresh 2-week high level of $1251...
EUR/NOK Could Grind Lower Near Term – Danske Bank Analyst at Danske Bank Mathias Mogensen expects the cross to slip to lower in the next sessions following a better sentiment around NOK...
USD Remains Under Pressure – Westpac In opinion of strategists at Westpac, the greenback’s perspective has somewhat deteriorated following May Payrolls. Key Quotes “Softer US retail sales could weigh on the USD while the FOMC is likely at best neutral if not negative for the USD too”...
GBP/USD Clings to Gains Near 1.4550, UK Data Eyed The sterling has retreated from session highs vs. the greenback, now sending GBP/USD to the 1.4550/45 band...
AUD/USD: Revisits Daily Lows, China Data-Led Rally Fizzles The AUD/USD pair resumed its corrective slide in early Europe on the back of profit-taking, following a brief spike to fresh five-week peaks post-China trade data release. AUD/USD back below 50-DMA at 0...
EUR/USD Stuck in a Narrow Trading Range Below 1.1400 Handle The EUR/USD pair remained stuck in a narrow band around the mid-point of 1.1300-1.1400 handle as market participants continue to evaluate the possibilities of a Fed rate-hike in July...
NZD/AUD: Promising for a Move into the 0.92s this Week - Westpac Imre Speizer, Senior Market Strategist at Westpac, suggests last week’s NZD/AUD reversal from 0.9500 to 0.9310 is promising for a move into the 0.92s this week...