Roberto Jacobs / Blog
UK Retail Sales Plunge - ING James Smith, Economist at ING, suggests that the latest batch of UK retail sales data was very disappointing and adds to the generally downbeat tone of UK data released over the past week...
Gold Rallies 1%, Hits Fresh Weekly Highs at $ 1260 Gold extends its recovery from the previous slide and now runs through fresh bids in the European session, taking the prices to fresh one-week tops. Gold bounces-off key support at $ 1242 Currently, gold jumps +1.02% to 1258...
NOK Appreciation Expected to Slower the Pace – Danske Bank Chief Analyst at Danske Bank Jakob Christensen has assessed the prospects of the NOK ahead in the year. Key Quotes “With regard to the NOK, there are relative few releases of economic data...
NZD/USD Grinds Lower, Drops to 0.6950 Session Low Irrespective of the range-bound moves in most major currencies, the NZD/USD pair has been slowly grinding lower and is currently trading at session low of 0.6953...
AUD/USD Still Aims to 0.7850 – UOB Analysts at UOB Group expect the Aussie dollar to gather further pace to the mid-0.7800s. Key Quotes “There is no change to our bullish as we continue to expect the current AUD strength to move to 0.7850 (break above this level would shift the focus to 0.7935)”...
EUR/GBP Could Slip Towards 0.7755/0.7654 – Commerzbank The European cross remains poised for a re-test of the 0.7755/0.7654 band, according to Axel Rudolph, Senior Technical Analyst at Commerzbank. Key Quotes “EUR/GBP remains below the February high at...
USD/CAD Door Open for Further Decline – Westpac According to Richard Franulovich, Strategist at Westpac, the pair remains poised for further downside...
USD/RUB Off 2016 Lows, Retakes 65.00 The Russian Rouble is now surrendering part of its recent gains vs. the dollar, with USD/RUB advancing to session highs near 65.40...
Technical Analysis of Silver for April 21, 2016 Technical outlook and chart setups: Silver rallies through fresh highs above $17.50 levels today. The metal is very close to taking out resistance at $17.75 levels...
Technical Analysis of Gold for April 21, 2016 Technical outlook and chart setups: Gold rallies to test recent highs at $1,260.00 levels, before pulling back. The yellow metal is trading around $1,257.00 levels for now, and might be looking to push through $1,266.00 levels which is the Fibonacci 0...