Roberto Jacobs / Blog
GBP/USD Hits Fresh 6-Week Highs at 1.4470, Then Retreats The GBP/USD pair kicked-off the week on a stronger footing and went on to hit fresh six-month highs at 1.4470 in early Asia, before finding fresh offers at higher levels and now heads closer towards 1.44 handle. GBP/USD back near 1...
EUR/USD Firm Near 1.1250 ahead of IFO The single currency has started the week on a firmer note vs. the dollar, taking EUR/USD to the mid-1.1200s ahead of the opening bell in Euroland. EUR/USD focus on IFO Spot has managed to come back from overnight troughs near 1...
USD/CNY Forecast to be Lowered – Commerzbank Analyst, Zhou Hao at Commerzbank, suggests that on the Chinese policy front, given the uncertain growth outlook, they still expect the PBoC to cut the policy rates by 25bps in Q2, and broader easing policies will be maintained in China over the remaind...
USD/JPY Reverses Sharply, Attacks 111 Again The USD bears fought back control in the Asian trades at the start of the big week ahead, sending USD/JPY sharply lower from two-week tops reached just shy of 112 barrier last Friday. USD/JPY sold-off ahead of 50-DMA at 111...
USD/CAD: Weakness Has Further to Go - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the weakness in USD/CAD has further to go, a potentially higher March CPI this week thanks to stronger energy prices may well be a catalyst...
Guide to Today's Important Data and Events Few economic dockets scheduled for today and all with low to medium risks associated. Data Released so far – Japan – Corporate service prices up 0.2% y/y in February. Upcoming –...
FxWirePro: Indian Rupee Hits Fresh 2-Week Low Against US Dollar, Good to Buy on Dips USD/INR is currently trading at 66.70 marks. It made intraday high at 66.71 and low at 66.65 levels. Intraday bias remains bullish till the time pair holds key support at 66.47 marks. A daily close below 66...
FxWirePro: NZD/USD Holds Minor Support at 0.6835, Good to Short Breaks Below NZD/USD has broken strong trendline support at 0.6835 on Friday's trade and is currently trading at 0.6858. The pair is extending declines after upside was capped by channel top at 0...
Brazil: Now what? – Commerzbank Analyst, Peter Kinsella at Commerzbank, suggests that the last week’s vote in Brazil’s lower house of Congress starts the impeachment process in earnest. Key Quotes “Investors can expect a Temer led administration by early May...