Roberto Jacobs / Blog
FOMC Could Be a ‘Non-Event’ – UOB The research team at UOB Group does not expect noted the upcoming FOMC meeting to yield any significant outcome, focusing instead on the June meeting...
WTI Erases Early Gains, Eyeing $43.00 Mark Earlier on Friday during Asian trade, WTI oil future gained momentum led by weakness in USD just to erase all of its early gains and is currently trading around $43.35 level...
EUR/USD Depressed Near 1.1270 The shared currency keeps the defensive fashion at the end of the week, now taking EUR/USD to the lower bound of the range in the 1...
GBP/USD Oscillates in a 40-Pips Range, Awaits Impetus The cable found fresh offers once again near higher levels and drifted lower thereon, with GBP/USD now heading back towards daily lows. GBP/USD fails once again near highs The GBP/USD pair trades 0.11% higher at 1...
FxWirePro: USD/CNY Hovers Around Key Resistance at 6.4910, a Break Above Targets 6.5182 Pair is currently supported above 6.49 marks and trading around 6.4920 levels. It made intraday high at 6.4937 and low at 6.4740 levels. Intraday bias remains neutral for the moment. A daily close below 6...
EUR/JPY of Highs, Still Close to 125.00 The broad-based JPY weakness is now propelling EUR/JPY to test the 125.00 neighbourhood, challenging weekly tops at the same time. EUR/JPY up on BoJ easing talk After an ephemeral test levels just shy of the 125...
EUR/GBP Bearish Below 0.7992 – Commerzbank According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the European cross will keep its negative stance while below 0.7992. Key Quotes “EUR/GBP remains below the February high at .7927 and now tests the 55 day moving average at .7858”...
EUR/GBP Falls Out of Rising Channel, Support at 50-DMA EUR/GBP has fallen out of a 5-month rising channel and found support at the 50-day moving average and at the 23.6% Fibonacci level around 0.7850. This retracement level is of the upleg from 0.6981 to 0.8116. (November to April rise...
EUR/GBP Holding Above 0.7850 Mark, Upside Seems Limited Yesterday's Euro weakness was felt in EUR/GBP cross, which extended its downward trajectory earlier during Asian session before recovering to back on better-than-expected German flash manufacturing PMI reading...