Roberto Jacobs / Blog
UK CPI Beats Estimates UK Office for National Statistics data released today showed cost of living as measured by consumer price index (CPI) rose faster than expected due to sharp rise in transportation cost. CPI came-in at 0.4% m/m and 0.5% y/y, both above the estimated figure of 0.3% and 0...
EUR/GBP Drops Below 0.80 as UK CPI Beats Estimates EUR/GBP surrendered gains to print a session low of 0.7998 after the UK data showed inflation rose at a faster than expected rate in March. Trades below hourly 200-MA The cross turned lower from 0...
GBP/USD Through 1.43 on UK CPI The sterling continues its march north on Tuesday, now sending GBP/USD through the 1.4300 barrier, or daily highs...
Brent Oil Clocks Fresh 2016 High Brent oil rose to fresh 2016 high of $43.46 levels on optimism major producers may reach a production freeze accord this Sunday. Major oil producers (OPEC and non-OPEC) excluding United States are scheduled to meet in Qatar's capital Doha next Sunday...
USD/CHF Dips to Lows Near 0.9500 The selling interest around the dollar seems to have returned today, now sending USD/CHF to test session lows in the 0.9500 neighbourhood...
Technical Analysis of USD/CHF for April 12, 2016 USD/CHF is expected to trade in a lower range as the key resistance is at 0.9580. The pair remains under pressure below its nearest resistance at 0.9580, which is expected to limit any upside potential...
Technical Analysis of NZD/USD for April 12, 2016 NZD/USD is expected to trade with a bullish bias above 0.6820. The pair remains strongly on the upside and is also supported by its rising 50-period moving average...
Technical Analysis of GBP/JPY for April 12, 2016 GBP/JPY is expected to trade in a higher range as the pair is bullish above 153.05. The pair stands above its support base at 153.05, which has allowed for a temporary stabilization. Meanwhile, the relative strength index lacks downward momentum...
JPY: Asia Bears Need Abe Too – Deutsche Bank Mallika Sachdeva, Strategist at Deutsche Bank, suggests that the Asian FX gains have been attributed to a mix of seasonality, covering of offshore under-weights on Asian equities, unwind of speculative long USD positions, and reprieve from a dovish Fed...