Roberto Jacobs / Blog
Weak US Durable Goods Orders Drag USD/CAD Lower Following the release of US durable goods orders data, the USD/CAD pair resumed its downward trajectory, dropping below 1.2650 mark to currently trade near 1.2635. US durable goods orders for the month of March came-in at 0.8% vs expectation of 1.9...
GBP/USD Surpasses 1.4600 on Disappointing US Data GBP/USD pushed to fresh 2 ½-month highs above 1.4600 as the greenback took a hit following disappointing US durable goods orders data. US durable goods orders rose 0.8% in March from a month earlier, missing expectations of a 1...
Oil Recovers Back Above $43.00 Mark Following a dip to $42.48 during early European session, WTI crude oil future has witnessed a rebound back above $43.00/barrel mark. Retest of a previous strong resistance near $42.50-40 level, marking 200-day SMA and highs tested in Mar...
EUR/USD Climbs Above 1.1300 After US Durable Goods Orders EUR/USD climbed to new daily highs as the greenback weakened on the back of US durable goods orders data, which came in well below expectations. Orders for long-lasting manufactured goods rose 0.8% in March, missing expectations of a 1...
RUB Liquidity Surplus: The Next Big Thing for Russian Banks - SocGen Research Team at Societe Generale, suggests that the Russian banking sector liquidity is gaining in significance as the system approaches a RUB liquidity surplus...
AUD/USD Eases from Daily Highs Around 0.7750 The Australian dollar advanced through the 0.77 mark during the European session as risk appetite improved on Tuesday. AUD/USD briefly rose above the 100-hour SMA and printed a high of 0.7752 before finding resistance and easing slightly...
EUR/GBP Slides Further to a Fresh 6-Week Low The EUR/GBP pair's bounce on Monday was rejected at 0.7800 mark and the pair subsequently resumed its near-term weakness to test a 6-week low level of 0.7743 on Tuesday...
USD/JPY Recovers to 111.00 Mark, US Durable Goods Orders Data Eyed The USD/JPY pair profit-taking move after last week's sharp up-move seems to have found bids near 110.65-70 area, lifting the pair close to 111.00 mark handle...
Fed Policy Meeting: When Hawks Cry – BMO CM Sal Guatieri, Senior Economist at BMO Capital Markets, suggests that despite vastly improved financial conditions, faded concerns about China, and weaker deflationary pressures amid rising resource prices and a sagging dollar (down 5% on a trade-weighte...