Roberto Jacobs / Blog
Oil Turns Positive, Inching Closer to $50.00 Mark After an initial pull-back to $49.42, WTI crude oil prices regained buying interest at session low level and lifted the commodity back above multi-month high daily closing level of $49.70...
NZD/USD Recovers to 0.6950 as Oil Turns Positive The recovery in NZD/USD from below 0.69 handle gained further traction post-European open, as risk-on trades intensified amid rebounding European stocks and oil prices. NZD/USD trades above all major DMAs Currently, the NZD/USD pair rises +0...
GBP/USD Neutral, 1.4330 Still a Chance – UOB Analysts at UOB Group remain neutral on GBP/USD, although there is still room for a test of the 1.4330 area...
USD/CHF Could Test the 0.9660 Area – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could attempt a visit to the 0.9660 area. Key Quotes “USD/CHF has maintained downside pressure and has sold off to the 50% retracement at .9700”...
EUR/USD Climbs to Session High Level of 1.1370 ahead of Euro-Zone GDP Heading into the release of final print of the composite Euro-zone GDP for Q1 2016, the shared currency seems to have gained traction against the US counterpart with the EUR/USD pair testing session high level of .1370...
Fed Chair Yellen Attempts to Calm Nerves after Weak NFP Report - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar has remained on a weaker footing in the Asian trading session following yesterday’s speech from Fed Chair Yellen which signalled more caution over resuming rate hi...
GBP/AUD: Pound Under Pressure Short Term - Westpac Sean Callow, Research Analyst at Westpac, suggests that the slide in AUD against GBP from late April to late May reflected both the RBA rate cut and a reduced risk premium on sterling as polls looked more promising for the UK to vote to stay in t...
AUD: Lack of RBA Easing Bias Lifts the Aussie - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the Australian dollar has been one of the top performing currencies in the Asian trading session as it continues to benefit in part from dampened Fed rate hike expectations...
USD/CHF Struggling Around 0.9700 Handle Following a drop to its lowest level since May 12, the USD/CHF pair attempted a tepid recovery on Monday but now seems to struggle in extending its recovery decisively above 0.9700 handle. After Friday's sharp slide of over 1...