Roberto Jacobs / Blog
USD/CAD Consolidates Daily Gains USD/CAD consolidates near daily highs after rising more than 150 pips throughout the day as renewed weakness in oil prices weighed down the loonie. USD/CAD reached a peak of 1.3180 during the American session as WTI futures struck a low of $36.70 a barrel...
GBP/USD: Bears Target Feb Lows on 1.38 Handle GBP/USD is refuelling for another attempt at the downside to close the week, heading for a possible test of the 1.4000 handle to meet recent lows of 1.4004. GBP/USD is heavily offered on the back of Brexit fears...
USD/JPY: Weak Confidence Weighs - BTMU Analysts at Bank of Tokyo Mitsubishi explained that recent market reactions have clearly revealed the uncertainty surrounding QQE with a negative interest rate. Key Quotes: "Next week, USD/JPY is likely to drop further...
AUD/NZD: The Pair has Rebounded from the Level of 1.1260. What’s Next? Since the end of March the pair AUD/NZD has been declining. The pair again failed to break strong resistance level 1.1260 (ЕМА200 Fibonacci 38.2% to the last wave of decline since November 2011...
AUD/NZD: Prior to the Meeting RBA on 3 May At the beginning of this week at the RBA left interest rate unchanged at the level of 2.0%. This level has been maintained since June 2015. However, the following up comments of the bank were aimed at lowering in the AUD...
EUR/GBP: The Pair is Overbought The pair EUR/GBP failed continuing downward movement rebounding from strong resistance level of 0.7820 (ЕМА200 on the weekly chart and Fibonacci 50% to the last wave of decline from the highs of August 2013). The pair fell by 1800 points from the level of 0...
EUR/JPY Remains Vulnerable Near 1-Month Lows EUR/JPY fell sharply on Thursday as the yen regained strength on safe-haven demand while the euro was underperforming across the board...
USD/JPY: Intervention Unlikely, Unless… - ING According to James Smith Economist and Viraj Patel, Foreign Exchange Strategist at ING, intervention from the Finance Minister and the Bank of Japan is unlikely unless USD/JPY drops sharply to the 100 - 105 area...
USD/JPY Unstoppable, Extends Decline to 107.65 The yen continues to rise across the board and hit a new 17-month high versus the US dollar. USD/JPY turned to the downside after the beginning of the American session and recently broke below previous lows. It bottomed at 107...