Roberto Jacobs / Blog

EUR/GBP Recovers Losses as Cable Sell-Off Gathers Steam EUR/GBP moved off lows to trade largely unchanged on the day 0.8040 levels as cable sell-off gathered pace pushing the pair below 1.40 handle...

GBP/USD: Bears Relentless, Cracks 1.4100 The bears continue to extend their control on the GPB/USD pair in the European session, hammering the prices below 1.41 barrier. GBP/USD drops below all major DMAs The GBP/USD pair drops -0.42% to 1.4100, hovering close to fresh session lows posted at 1...

GBP/USD Points to Further Decline – UOB According to the research team at UOB Group, the pair could face further downside in the next 1-3 weeks. Key Quotes “We have been neutral on GBP since 23 March and the recent choppy movement reinforces our view”...

USD/CAD Targets 1.34/1.35 – Westpac Strategists at Westpac have reiterated the pair could test the 1.34/1.35 band. Key Quotes “USD/CAD looks exceedingly cheap via-a-vis energy prices, the latter close to retracing about 1/2 its mid-Feb to mid-March gains while USD/CAD has barely bounced”...

EUR/CHF Offered Below 1.0971/78 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the outlook on the cross remains offered below the 1.0971/78 area...

EUR/USD Under Pressure, Testing 1.1350 The shared currency is prolonging its correction lower today, sending EUR/USD to print daily lows in the mid-1.1300s. EUR/USD focus on FOMC minutes The pair is retreating since Monday after clinching fresh 2016 peaks in the vicinity of 1...

Brent Oil Backs Off From Daily Highs, Eyes US Supply Data Brent prices rallied to a session high of $38.80 before it trimmed gains to trade around $38.55 levels...

USD/CHF Firmer, Advances Beyond 0.9600 The greenback is extending its upside momentum today, taking USD/CHF to the area of session highs in the 0.9600 neighbourhood...

RBA’s Kent - Large Exchange-Rate Movement May Be Big Shock to Economy Reserve Bank of Australia’s (RBA) Kent was on the wires calling large exchange rate movement could result in a big shock to the economy...

FOMC: Expect a Very Dovish Set of Minutes - Rabobank Stefan Koopman, Market Economist at Rabobank, suggests that the minutes of the FOMC’s March meeting should provide more insight into why the Fed’s now projecting a shallower path of interest rates...