Roberto Jacobs / Blog
JPY: How the G20 Meeting Affects Japan – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that the Japan will attempt in this week’s meeting of G20 finance ministers and central bankers to preserve its freedom to intervene in forex markets to ward off a rise in the yen...
EUR/USD Edging Higher Towards 1.1380 EUR/USD continues to benefit from the offered tone surrounding the dollar, now aiming to test 1.1380. EUR/USD finds support at 1.1300 The pair has managed to revert the initial negative tone, finding support in the 1...
NZD/USD to Trade at 0.68 by End of 2016 The New Zealand dollar has appreciated gradually against the US dollar since it hit 0.6350 in mid-January. The NZD appreciated in spite of the RBNZ unexpectedly lowering rates during its March meeting...
NZD/USD Needs to Close Above 0.70 – UOB In opinion of analysts at UOB Group, the Kiwi dollar needs a close above 0.70 vs. the greenback in order to shift to a bullish outlook. Key Quotes “The unexpected strong rally clearly bodes well for NZD but we prefer to wait for a daily closing above 0...
USD/CAD Keeps the Bearish Outlook – Scotiabank FX Strategist at Scotiabank Eric Theoret sees occasional bullish attempts as selling opportunities. Key Quotes “Monday’s brief rally through the upper 1...
EUR/JPY Still Focused on 120.00 – Commerzbank Senior Technical Analyst at Commerzbank Axel Rudolph has noted the relevance of the 120.00 key support. Key Quotes “EUR/JPY remains under pressure and attention remains on the 120...
US Dollar Slumps to Lows Near 94.00 Another day, another drop in the US Dollar Index, now hovering over multi-day lows in the 94.00 neighbourhood. US Dollar weaker after US releases The index is losing ground for the third consecutive session today, challenging the critical support at 94...
Gold Surpass 1250 Mark Disappointing US housing data provided the required boost for Gold to extend its momentum and move above $1250 psychological mark...