Roberto Jacobs / Blog
EUR/USD Constructive Above 1.1340 – Rabobank Strategists at Rabobank keep the constructive outlook for the pair while above the 1.1340 pivot. Key Quotes “After fairly volatile March, EUR/USD has been trading in a relatively narrow range so far this month”...
ECB’s Weidmann – Monetary Policy Stance Appropriate at the Moment European Central Bank (ECB) governing council member and Germany’s Bundesbank president Jens Weidmann told the FT in an interview last Thursday called bank’s policy stance as “appropriate”...
UK Headline CPI Rose 0.5% y/y to March - TDS Research Team at TDS, notes that the UK headline CPI rose 0.5% y/y to March, up from 0.3% in Feb, while core prices also rose faster than expected, rising from 1.2% to 1.5...
EUR/USD Trims Gains, EUR/GBP Weakness Weighs Drop in EUR/GBP cross post strong UK CPI release has pushed EUR/USD pair back to 1.1418 (23.6% of 1.0463-1.1714). Fades spike to 1.1460 Once again the spike to 1.1460 levels was met with fresh offers...
Further Gains in EUR/USD Would be a Blow to the ECB - Rabobank Piotr Matys, EM FX Strategist at Rabobank, suggests that after fairly volatile March, EUR/USD has been trading in a relatively narrow range so far this month...
EUR/GBP Failure Expected at 0.8162/0.8200 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the upside in the cross could struggle in the 0.8162/0.8200 band...
US Oil Breaks Major Resistance $40.80, Targets $41.87/$42.73 Major resistance - $40.80 (trend line joining $50.91 and $41.87) Major support - $39 (7 day EMA) US Oil has broken major resistance $40.80 and jumped till $40.89. It is currently trading around 40.75...
EUR/USD Forms Diamond Pattern, Sell Below 1.13800 for Further Weakness Pattern Formed- Diamond pattern Major resistance -1.1450 Major support - 1.1370 The pair is trading in narrow range between 1.1370 and 1.14454 for the past two trading session. It is currently trading around 1.14227...
GBP/USD Extends CPI-Driven Rally Towards 1.4350 The bid tone surrounding the GBP keeps growing bigger as we progress towards the mid-European trades, now pushing GBP/USD towards the mid-point of 1.43 handle. GBP/USD sees a 60-pips rally post-UK CPI The GBP/USD pair advances 0...
Japan Continues to Highlight Unease Over One Sided Yen Moves - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has weakened modestly in the Asian trading session undermined in part by further verbal intervention from Japanese officials and an improvement in global investor risk sen...