Roberto Jacobs / Blog
AUD/USD On the Verge of Breaking Below 0.7200 After ADP Report Extending its reversal from the very important 200-day SMA, the AUD/USD pair has now dropped to session low after the release of ADP report on the US private sector employment...
USD/CAD Sell the Upticks to 1.32-1.33 – Westpac In view of Richard Franulovich, Strategist at Westpac, bullish attempts in the pair to the 1.32-1.33 area could be regarded as selling opportunities. Key Quotes “USD/CAD admittedly looks like it’s building a solid beach-head above 1...
EUR/USD Focus on Draghi, Supported at 1.10/1.11 – Westpac According to Strategist Richard Franulovich at Westpac, the pair could find a base in the 1.10/1.11 area, while the immediate risk remains Draghi’s presser today. Key Quotes “EUR likely to fi nd a base into 1.10-1...
China: PBOC Fixed Yuan Firmer by Most in Three Weeks - BBH Research Team at BBH, notes that the PBOC fixed yuan firmer (0.36%) by the most in three weeks. Key Quotes “The weaker dollar offered the yuan a reprieve as it been near the year's lows...
EUR/GBP Drops to Session Low of 0.7740 After ECB Stands Pat The EUR/GBP pair dropped below 0.7750 level but held steady, trading with marginal loss at 0.7740 after the ECB left its main interest rate unchanged at 0.0...
ECB Leaves Interest Rate Unchanged at 0.0% The European Central Bank decided that the interest rate on the main refinancing operations will remain unchanged at 0.00%. The Governing Council also left the interest rates on the marginal lending facility at 0.25% and the deposit facility at -0.40...
EUR/USD Tests 1.1180 on Steady ECB The shared currency lost some pips following the ECB rate decision today, with EUR/USD orbiting around the 1.1190/80 band...
Three Decade Old Trend Line Threatens Dollar's Advance The bulls planning to push Dollar higher in the wake of higher possibility that U.S. Federal Reserve will hike rates once more this summer and once again by the end of the year, should take a look at the Dollar chart over longer horizon...
GBP/USD Door Open for a Test of 1.4330 – UOB The research team at UOB Group have suggested GBP/USD could re-test the area of 1.4330 in the next 1-3 weeks. Key Quotes “The anticipated GBP weakness exceeded our expectation by taking out the major 1.4400 support (low of 1.4385)”...