Roberto Jacobs / Blog
Special Focus: Fed's Emergency Meeting Today Watch out for FED’s emergency meeting tonight, which was suddenly and unexpected called to last week and will take place today in Washington at 11:30 am local time or 3:30 pm GMT. FOMC officials are likely to discuss on FED’s discount rates...
FXWIREPRO: AUD/USD Whipsaws on DMA's, Leading Oscillators Noise With Overbought Pressures and Selling Momentum AUD/USD is struggling to break resistance at 0...
FXWIREPRO: Reasons for Safeguarding Aussie Export Payables, a Glimpse on the AUD/USD Hedging Drivers
FXWIREPRO: Reasons for Safeguarding Aussie Export Payables, a Glimpse on the AUD/USD Hedging Drivers Over the longer-term, we expect AU growth to remain subpar and AUD to drift lower. But, there have been a few key things to watch out in H2 of 2016...
FXWIREPRO: South African Rand Gains 1 Percent Against US Dollar, Good to Sell on Rallies Pair is currently trading at 14.81 marks. It made intraday high at 14.98 and low at 14.75 levels. Intraday bias remains bearish till the time pair holds key resistance level at 15.05 levels...
Gold Trims Gains as Stocks Rise Gold continued to surrender gains, now trading around $1247 levels as stock markets in Europe erased early gains to trade higher. Offered at $1254.32 Prices turned lower from a three-week high of $1254...
JPY Could Appreciate Further – Danske Bank Chief Analyst at Danske Bank Arne Rasmussen has assessed the prospects of further strengthening by the Japanese currency. Key Quotes “The hottest topic in global FX markets is the relentless strength of the JPY...
GBP/USD Downside Risks Gather Pace – UOB The research team at UOB Group expects the sterling to come under renewed downside pressure. Key Quotes “The downside risk is still intact but GBP has to break clearly below the major 1.4000 support before further sustained weakness can be expected”...
USD/JPY Rises Above 108.00 Yen bulls finally loosened their grip allowing for a technical correction that saw the USD/JPY pair rise above 108.00 levels. Nears hourly 50-MA The spot jumped to near hourly 50-MA level of 108.32 levels before trimming gains slightly to trade around 108.12 levels...
EUR/GBP Faces Resistance at 0.8162/0.8200 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the European cross faces strong resistance in the 0.8162/0.8200 band...