Roberto Jacobs / Blog
GBP/JPY Trade Idea Minor resistance 158.60 (trend line joining 159.56 and 158.83) Major support -158 The pair has recovered after making a low of 158.16 at the time of writing. It is currently trading around 158.83. Intraday trend is slightly bullish as long as support 158 holds...
FXWIREPRO: Optimize AUD/CHF Vols With Vega Instrument to Hedge Downside Risks The current implied volatilities of ATM puts of AUDCHF are spiking at 18.42% and at 12.85% for 1 week tenors...
GBP/USD April Fooled Bears GBP/USD is back above 1.43 handle and is showing no signs of exhaustion, indicating Friday’s fall was an April fool’s day move that trapped bears. Will it last? Today’s move lacks any fundamental trigger, but so did the move on Friday...
USD Longs Cut Again, CAD Shorts Fall – Nomura David Wagner, Research Analyst at Nomura, suggests that according to the IMM data for the week ended March 29, non-commercial accounts continued to sell USD to the tune of -$1.5bn, bringing positioning in USD to $7.4bn...
EUR/USD Trims Daily Losses, Approaches 1.1400 EUR/USD fell to test fresh daily lows during the European session but found support at the 1.1360/55 area and bounced, trimming intraday losses...
GBP: Low Turnout will Increase Brexit Risk - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the pound is continuing to weaken and becoming more volatile ahead of the EU referendum on the 23rd June...
GBP/USD Vulnerable, Attention Shifted to 1.4085/56 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the support area at 1.4085/56 has regained attention. Key Quotes “GBP/USD failed to maintain its breach of the 3 month resistance line last week and sold off sharply”...
USD/JPY Downside Risks Have Increased – UOB Spot remains expose to further pullbacks, suggested the research team at UOB Group. Key Quotes “The downside risk has clearly increased with the unexpected sharp drop last Friday”. “However, supports are stacks at 111...
Gold Drops Further to Test 50-DMA, US Data in Focus Gold prices accelerated to the downside over the last hour as the USD recovery gained traction in Europe, as focus now turns towards the US economic releases. Gold heavily sold-off into Fed rate hike bets Currently, gold drops -0.46% to 1216...