Roberto Jacobs / Blog
EUR/JPY – Bears Attack Bids at 50-DMA Common currency is losing ground in Europe on dovish comments from ECB’s policymaker, with EUR/JPY attempting to chew through bids around 50-DMA located at 126.78. Rejected at 5-DMA The cross was rejected at 5-DMA of 127...
GBP/USD Rangebound Between 1.4050-1.4450 – UOB In view of the research team at UOB Group, the GBP/USDpair could extend its consolidative pattern in the next 1-3 weeks. Key Quotes “The break of the 1.4250 support last Friday indicates that the recent upward pressure has eased”...
EUR/USD Extends Losses on Praet’s Comments & Turnaround in Stocks The offered tone around EUR strengthened on ECB’s Praet’s dovish comments and turnaround in stocks, pushing the EUR/USD pair to a session low of 1.1365 levels...
GBP/USD Muted Post-PMI, Near 1.4200 The sterling is alternating gains with losses vs. the greenback today, with GBP/USD navigating the low-1.4200s following UK’s Construction PMI. GBP/USD downside limited near 1...
EUR/GBP Flirts With 0.80 Handle on UK PMI The bearish pressure on the EUR/GBP cross gathered pace following the release of UK construction sector activity report, which pushed the GBP back on the bids. EUR/GBP off multi-month highs Currently, the EUR/GBP pair trades -0.06% lower at 0...
ECB’s Praet – Risks That Inflation May Become Persistent European Central Bank’s (ECB) Praet, while speaking in Rome, said the central bank’s measures are controversial and there is risk that low inflation may become persistent...
AUD/USD Finds Support Near 0.7600 The Aussie dollar is losing the grip at the beginning of the week, sending AUD/USD to the lower end of the range near 0.7600 the figure. AUD/USD upside capped near 0.7723 The pair is challenging the key support at the 0...
USD/JPY Hits Fresh Highs Near 111.70 Amid Higher Equities The USD/JPY pair finally broke the consolidation box post-European open and climbed back higher on the back a recovery in the oil as well as European stock markets. USD/JPY breaks through 111...
EUR/GBP Attempting Break Below 0.80 ahead of UK Data Sterling is gaining lose ground ahead of UK data release despite losses in equities, courtesy of which the EUR/GBP cross is attempting a break below 0.80 handle...