Roberto Jacobs / Blog
EUR/GBP Hit Fresh Session Low, Nears 5-DMA The EUR/GBP cross hit a fresh session low of 0.7813 in the US session as Cable extended gains to 1.45 in an impulsive move, while the EUR/USD pair lagged. Offered above 0.79 The cross turned lower from the high of 0...
GBP/USD Struggles to Surpass 1.4500 The upside momentum around the sterling remains unabated today, although GBP/USD still can’t break above 1.4500 on a sustainable basis. GBP/USD bolstered by USD weakness Spot has advanced to fresh 4-week highs just above the 1...
US Dollar challenges lows near 94.70 The greenback, tracked by the US Dollar Index, remains under pressure today, currently testing the lower end of the range near 94.70...
EUR/USD Revisiting Daily Highs Above 1.13 Another wave of USD selling hit the markets, pushing the EUR/USD in the vicinity of the session high of 1.1342 set earlier today. Weak stocks support EUR The major US equity indices are trading in the red, which adds to the bullish tone around EUR...
U.S. Leading Economic Index Rises Slightly Less Than Expected In February A reading on leading U.S. economic indicators inched up by slightly less than expected in the month of February, according to a report released by the Conference Board on Thursday...
Pound Spikes Up As BoE Leaves Interest Rate On Hold The pound strengthened against its key counterparts in European deals on Thursday, as the Bank of England policymakers unanimously decided to keep the interest rates unchanged, while observing that "it is more likely than not that" the key rate...