Roberto Jacobs / Blog
USD/JPY Drops Further, 112.00 on Sight The greenback is rapidly depreciating vs. its Japanese counterpart on Wednesday, now relegating USD/JPY to test the proximity of the 112.00 key support...
AUD Getting a Little ahead of itself? – Westpac Robert Rennie, Research Analyst at Westpac, notes that the A$ is currently trading barely within my measures of fair value. Key Quotes “Indeed, the low end for my fair value range sits at 0.76 and the upper end at 0.80...
USD/CHF Plummets to 0.9640, 2016 Lows The offered tone around the greenback is now gathering further traction, sending USD/CHF to fresh lows near 0.9640. USD/CHF attention to ADP The pair is posting fresh yearly lows in the 0...
Brent Oil Snaps Two-Day Losing Streak Brent oil is trading higher in Europe, putting an end to a two-day losing streak after the API data in the US showed smaller-than-expected inventory build...
US ADP Employment and Eurozone Confidence Main Market Movers Today – Danske Bank Research Team at Danske Bank, suggests that the release of the ADP employment data for March should give us an early indication of what to expect from the official job report for March due on Friday although, admitte...
FXWIREPRO: Modifying Strategy in Our Pound/Dollar Bull Call Anyone who have read through our post “Pound could gain towards 1.5 against Dollar” could easily relate, if not then you have the article here - http://www.econotimes.com/FxWirePro-Pound-could-gain-towards-15-on-weaker-Dollar-178482...
Expect Downward Pressure on the JPY Going Forward - NAB Research Team at NAB, notes that the Japan’s foreign exchange reserves remain high, and at USD1.25 trillion are the second highest in the world, after China...
Cable Jumps Above 1.44 on Broad Based USD Selling European desks are offering US dollars in response to dovish Yellen, pushing the GBP/USD pair to a session high of 1.4426 levels. Trades at 7-day high At 1.4426, the spot is trading at its highest since March 21...
USD/JPY Could Test 115.00 in 3-Month – Danske Bank Analyst at Danske Bank Mikael Milhoj sees the pair climbing towards the 115.00 handle in a 3-month horizon...