Roberto Jacobs / Blog
USD/JPY Supported Around 108.60/80 – Westpac The pair remains well supported in the 108.60/80 band ahead of the next BoJ meeting, suggested strategists at Westpac...
WTI Weaker Ahead of EIA, Near $41.50 Crude oil prices are retreating from session tops above the $42.00 mark on Wednesday, currently testing the mid-$41.00s ahead of the EIA report...
CHF/JPY Trade Idea Major resistance – 114 Major support – 113 The pair has made a high of 113.98 and declined from that level. It is currently trading at 113.65. Short term trend is slightly bullish as long as support 112.80 (Tenken-Sen) holds...
RUB Poised to Outperform – Danske Bank Economist at Danske Bank Vladimir Miklashevsky sees the Russian currency picking up further pace in the months ahead. Key Quotes “As we expected, the RUB continues to be the best play among oil producers on a rising oil price”...
FxWirePro: Cable Edgy at Resistance 1.4385 - Major Trend Still Intact As No Traces of Recoveries from Trend and Momentum Breaks resistance at 1.4385 levels but sustenance is questionable, but don’t jump into conclusion wait for confirmation...
Chinese Economy to Slow Further in 2016 and 2017, USD/CNY Likely to Reach 6.75 by End -2016 In the first quarter of 2016, China’s economic growth slowed to 6.7% y/y from Q4 2015’s 6.8% in spite of the rally in property market and a proactive policy easing...
GBP/USD Wobbles Around 1.4400 GBP/USD is alternating gains with losses on Wednesday, navigating a daily range between 1.4350 and 1.4410 for the time being...
Swift Recovery for GBP/NZD, Eyeing 2.0600 Mark Relentless rally in commodity-linked currencies had a major impact on cross-currency pair and with no exception; GBP/NZD yesterday touched its lowest level since May 2015...
GBP: What Do the Polls Really Say? - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the knock back to sterling from this morning’s worse than expected UK labour market release proved to be short-lived...