Roberto Jacobs / Blog
EUR/GBP: Above 0.7750/0.7800 It Could Re-Test 0.82 - Lloyds Analysts from Lloyds Bank warned that the 0.7750-0.7800 region in the EUR/GBP pair is a strong area and a break higher could lead to a re-test of 0.82. Key Quotes: “A strong bull day, after continuing to hold channel support in the 0...
USD/JPY Moves Off Lows, Still Vulnerable USD/JPY managed to recover some ground during the New York session, as the dollar benefitted from upbeat US manufacturing data, although the bounce has been limited, leaving the pair near daily lows. US ISM Manufacturing PMI rose to 51...
Sell-Off Ramps Up ahead of OPEC • Investors head for the hills, as Crude and indices plummet • OPEC meeting unlikely to help Oil prices • Volatility expected to rise as risk events come thick and fast June has started with less of a bang and more of a pop today, as investors were sent packing tow...
USD/CAD Door Still Open for a Test of 1.33 – Scotiabank FX Strategist at Scotiabank Eric Theoret remains bullish on the pair in the near term and believes it could test 1.33. Key Quotes “USDCAD has yet to break from recent congestion around its 9 day MA (1...
WTI Wobbles Near $48.00, API Eyed Crude oil prices are prolonging its weekly decline today, prompting the West Texas Intermediate to drop below the $48.00 mark per barrel, or multi-day lows...
Gold Turns Negative after US Dollar Trim Losses on Stronger ISM Data Gold is reversing from 100-day SMA near $1220 level and has now turned negative to currently trade below $1215 after the US Dollar trimmed its losses on the back of better-than-expected ISM manufacturing data...
Elliott Wave Analysis On 10 Year US Notes And Yen The wave count on 10 year US notes shows new three wave recovery in play back to 130'14 which means that for now JPY can be headed higher. GBPJPY is the weakest, followed by CADJPY...
The US Manufacturing ISM Improved Unexpectedly in May European shares opened slightly lower but lost further ground during the session as sentiment weakened at the start of the new month. Currently, European shares lose up to 1%. US equities opened lower too...
Optimistic Draghi Not Enough to Save the EUR The European Central Bank is expected to leave its massive bond-purchase program unchanged in its June monetary policy meeting, but Mario Draghi may have a reason to be optimistic this time, despite inflation in the EU remains subdued and far below the...