Roberto Jacobs / Blog
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...
EUR/GBP Regains 0.7830 ahead of EMU GDP After the ‘fat-finger’ move to the mid-0.7700s, EUR/GBP has quickly recovered and is now navigating the area of 0.7830 ahead of EMU data...
FxWirePro: Silver Fails to Sustain Above $16.51, Faces Strong Support at $16.32 XAG/USD is currently trading around $16.33 marks. It made intraday high at $16.46 and low at $16.31 levels. Intraday bias remains bearish till the time pair holds key support at $16.32 marks. A daily close below $16...
FxWirePro: GBP/JPY Faces Strong Support at 155.70, Good to Buy at Dips Major support – 155.70 (Hourly Kijun-Sen) The pair has declined drastically after making a high of 157.91 at the time of writing. It is currently trading around 156.43...
Gold - We look to Sell a break of 1240 (stop at 1250) Gold - The rally was sold and the dip bought resulting in little net change yesterday. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible...
EUR/USD Revisits Daily Highs Near 1.1365 on Upbeat German IP The EUR/USD pair appears to have found solid support at the mid-point of 1.13 handle, and jumped higher from there to test daily highs following the release of surprisingly positive German industrial figures. EUR/USD looks to test 1...