Roberto Jacobs / Blog
AUD/USD Seen Slipping Towards 0.7475/80 – UOB Analysts at UOB Group noted the Aussie dollar could grind lower to the 0.7475/80 band in the near term. Key Quotes “The price action is line with our view wherein we expect the current pull-back in AUD to extend lower to 0.7475/80”...
USD/JPY: Hard to See a Compelling Argument for a Bounce - Westpac Robert Rennie, Research Analyst at Westpac, suggests that the price action has continued through the last few days, and while USD/JPY holds trend support at 109...
Sell EUR/GBP on Current Strength – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, recommended selling the European cross on ongoing strength...
Japan Reported Larger than Expected Currency Account Surplus - BBH Research Team at BBH, notes that Japan did report a larger than expected February currency account surplus. Key Quotes “It rose to JPY2.435 trillion, the most since March 2015, from JPY520 bln in January...
USD/JPY- Offered Near 23.6% Fibo Level The corrective move in the USD/JPY pair ran into offers near 109.11 (23.6% of 113.80-107.66) levels following which the pair fell back to 108.65 levels...
Risks are in Favour of a Topside Break in EUR/USD - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the risks are in favour of a topside break in EUR/USD as markets embrace a more risk averse posture not to mention the weaker underlying USD signal delivered by Chair Yellen...
USD/CHF Climbs to Highs Around 0.9580 The risk-on sentiment keeps CHF-bulls at bay today, pushing USD/CHF to visit session tops in the 0.9580 area. USD/CHF supported near 0.9500 The pair is extending its advance to the vicinity of the key barrier at the 0...
JPY Advancing Streak has been Stopped - BBH Research Team at BBH, suggests that the surging yen has been the main feature in the foreign exchange market in recent days, but its advancing streak has been stopped with today's setback. Key Quotes “The greenback briefly dipped below JPY 107...
UK: Manufacturing Production Fell Much Larger than Expected - TDS Research Team at TDS, notes that UK’s production in the manufacturing sector fell by a much larger than expected 1.1% in February...