Roberto Jacobs / Blog
EUR/CAD – Drops Below 1.44 after BOC Keeps Rates Unchanged EUR/CAD fell below 1.44 handle after Bank of Canada kept key rates unchanged as expected and revised 2016 GDP forecast higher...
BoC Leaves Rates Unchanged, Downgrades Growth Outlook The Bank of Canada (BoC) kept its target for the overnight rate unchanged at 0.5%. The Bank Rate is correspondingly 0.75% and the deposit rate is 0.25...
AUD/USD Gains Capped Around 0.77 – Westpac According to strategists at Westpac, AUD’s upside appears somewhat limited around the 0.7700 handle in the near term. Key Quotes "AUD/USD found fresh buyers and pricing for a May rate cut faded to below 30% after the strong Mar NAB business survey”...
WTI Below $42.00, Losses Momentum Ahead of EIA The barrel of West Texas Intermediate has retreated from recent highs above the $42.00 mark, returning to the $41.70 area...
BoC Decision Preview: What to Expect of USD/CAD? The Bank of Canada (BoC) will announce its monetary policy decision at 14:00GMT and it is widely expected to keep rates on hold at 0.50% this month...
USD/CAD Cautiously Bearish – Scotiabank In view of Eric Theoret, FX Strategist at Scotiabank, USD/CAD's outlook remains tilted to the bearish side. Key Quotes “Trend and momentum indicators are decisively bearish”...
FXWIREPRO: BTC/USD Faces Strong Resistance at $428, Good to Buy at Dips. Major Resistance - $428 BTC/USD has slightly retreated after making a high of $426.67. It is currently trading around $424. Short term trend is slightly bullish as long as support $400 holds...
Gold Recovers to Hourly 100-MA After US Data Moderate weakness in the US dollar following a dismal US retail sales release saw gold prices recovery to hourly 100-MA level of $1247.50. Trades above 50% Fibo Prices rose to $1248.89 before falling back to trade just above $1245.37 (50% of 1283-1207...
API Reports Surplus, While WTI Awaits EIA Report - Calls Updated WTI is trading at key resistance area at $41.5/barrel...