Roberto Jacobs / Blog
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...
GBP/USD Firmer, Advances to 1.4580 The sterling is trading on a firm note on Tuesday, now lifting GBP/USD to the area of 1.4580. GBP/USD up on USD selling Despite the pair has quickly shrugged off the earlier spike beyond the 1...
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...