Roberto Jacobs / Blog
EUR/USD is Undergoing Broad Consolidation - SocGen Research Team at Societe Generale, suggests that after testing key levels 1.06/1.05 last year, EUR/USD is undergoing broad consolidation. Key Quotes “1.05 will decide about next leg of down cycle...
USD/CHF Trade Idea Major resistance – 0.9580 (4H Tenken-Sen and Kijun-Sen) Major support – 0.9530 The pair has once again retreated after making a slight recovery till 0.95720 level. It is currently trading around 0.9525. Intraday bullishness can be seen only above 0.9580 level...
AUD Rally: It’s Complicated – Westpac Sean Callow, Research Analyst at Westpac, suggests that the optimism over AUD has cooled somewhat...
AUD/USD Keeps the Neutral Stance – UOB The perspective for the Aussie dollar remains tilted to the neutral side vs. the greenback in the next 1-3 weeks, according to the research team at UOB Group. Key Quotes “We just turned neutral yesterday and there is no change to the view”...
US Equity Futures Drop Ahead of Yellen Speech Major stock futures in the US are trading on a softer note ahead of the weekly jobless claims data release and Fed chief Yellen’s speech. At the time of writing, Dow futures were down 65 points or 0.37%. S&P futures and Nasdaq futures were down 0...
EUR/USD Gains Capped Around 1.17 – Westpac The pair’s upside could find it difficult to advance above the 1.17 mark, suggested Richard Franulovich, Strategist at Westpac...
Brexit Fears are Dragging Down the Pound - BBH Research Team at BBH, notes that the UK pound is off 2% against the dollar this month and a little more against the euro. Key Quotes “Brexit fears seem to offer a better explanation that trying to link sterling's weakness with yen strength...
EUR/GBP Upside Could Struggle at 0.8162/0.8200 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the upside momentum in the cross could struggle in the 0.8162/0.8200 region. Key Quotes “EUR/GBP has exceeded the target...