Roberto Jacobs / Blog
US Treasuries Gain ahead of Employment Report The U.S. Treasuries gained on Thursday as investors were cautious ahead of May employment report on Friday. The yield on the benchmark 10-year Treasury note fell 1-1/2 basis point to 1.832 percent by 12:45 GMT...
Oil Fall Sharply to $48.00 ahead of EIA Inventory Data WTI crude oil futures turned negative and dropped to session low of $48.00 on news (via Bloomberg) that OPEC member have not reached an agreement on output freeze. Of late, the ongoing bullish momentum in oil prices stagnated near $50...
EUR/GBP Keeps Lows Near 0.7750 EUR/GBP’s price action remains depressed on Thursday following the press conference by President M.Draghi. EUR/GBP gains capped near 0...
Improving Economic Background Should See RBA on Hold at June 7th Meet RBA surprised the markets at its May 5th meeting by lowering its main interest rate to 1.75% from 2% and cut its Dec-16 inflation forecasts by a full percentage point in its quarterly Statement of Monetary Policy (SoMP...
CAD to Remain Low Against USD in Short-Term, Likely to Appreciate Significantly in 2017 The Canadian dollar has slightly recovered from its multiyear lows at the start of 2016 due to rebound in the oil price and as the US Fed has still refrained from raising interest rates...
USD/CHF Trades Weak on Brexit Fears, Decline Till 0.9660 Is Possible Swiss franc has gained significantly after Brexit fears looms. It has recovered after making a low of 0.99510 yesterday...
FxWirePro: Copper Forms Bullish Gartley Pattern, Good to Buy at Dips Harmonic Pattern- Bullish Gartley Pattern Potential Reversal Zone (PRZ) – 2.020 Copper is expected to complete its Bullish Gartley pattern at 2.020 level. The commodity has declined till 2.037 and slightly jumped from that level...
GBP/USD is at Critical Support In the wake of major economic releases today, we can see that the GBP/USD pair is very close to critical support. Maybe it is time for a retracement. Current price action suggest a possible retracement towards 1.4540-50 zone (POC). 1...
GBP/USD Surges to Fresh Session High Just to Retrace Back to 1.4450 The GBP/USD pair surged to a fresh session high of 1.4472 but retraced few pips to currently trade around 1.4450 after two US labor market indicators came-in-line with estimates...