Roberto Jacobs / Blog
US Dollar Depressed Below 94.00 The greenback, when tracked by the US Dollar Index, remains on a bearish bias today, currently extending the break below the key 94.00 support...
EUR/USD Forecast: Yellen's Vague Comments Weigh on the USD The EUR/USD pair trades near its recent highs, but still below the 1.1400 level, despite broad dollar's weakness...
USD/CAD Faces Double Whammy, Hits Fresh 5-Week Lows The USD/CAD pair came under aggressive selling pressure post-European open, now hovering within a striking distance of multi-week lows. USD/CAD trades below all major DMAs Currently, the USD/CAD pair trades -0.35% at 1...
USD/JPY Points South Near 106.00 – UOB A test of the 106.00 neighbourhood in USD/JPY still remains on the cards, according to the research team at UOB Group. Key Quotes “Expectation for further USD weakness was wrong as we witnessed a strong rebound in overnight trading (high of 107.65...
USD/JPY Rallies Could Struggle Around 108.25/90 – Commerzbank Bullish attempts in USD/JPY could find strong resistance in the 108.25/90 band, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “USD/JPY has seen a minor erosion of 106.80 – the 78.6% retracement...
EUR/NOK Weaker, Challenges 3-Week Lows The Norwegian krone is sharply up vs. its European peer on Tuesday, relegating EUR/NOK to the area of multi-day lows around 9.2400...
EUR/USD Hits New Highs on EMU GDP, 1.1400 Eyed The upward revision to the Q1 Eurozone GDP helped improve the bid tone around the shared currency, driving EUR/USD above 1.1370 region. EUR/USD: 1.1400 on sight? Currently, EUR/USD trades +0.16% higher at fresh daily highs of 1...
Gold Pulls-Back to $1241, 50-DMA Caps Upside Gold lost some steam on Tuesday and is seen pulling-back from 50-day SMA resistance to currently trade around $1242 level as investors seem to take some profits off the table after Friday's big up-surge...
EUR/JPY Firmer, Hovers Around Hourly 200-SMA The EUR/JPY cross extends gains into a second straight session today, receiving double booster shot amid broad based US dollar weakness. EUR/JPY eases-off highs The EUR/JPY pair climbs +0.35% to 122...