Roberto Jacobs / Blog
AUD/USD Trims Gains, Returns to 0.7550 The Aussie dollar has faded its initial spike to session highs near 0.7570 vs. the greenback, with AUD/USD now re-testing the 0.7550/45 band...
FXWIREPRO: EUR/SEK Hovers Around 9.25, Good to Sell on Rallies EUR/SEK is currently trading around 9.2502 levels. It made intraday high at 9.2560 and low at 9.2371 levels. Pair fails to break key resistance at 9.2718 and supported below 9.2500 marks. Intraday bias remains bearish for the moment...
FXWIREPRO: Gold Forms Bearish Bat Pattern, Good to Sell on Rallies Harmonic Pattern Formed – Bearish Bat Pattern Potential Reversal Zone (PRZ) - $1240 The yellow metal has recovered till $1236.60 after making a low of $1214.84...
Japan PM Abe: We Should Refrain from Arbitrary Intervention in Currency Markets In an interview with the Wall Street Journal on Wednesday, Japanese PM Abe ruled out stepping into foreign exchange markets to reverse the yen's rise...
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...