Roberto Jacobs / Blog
USD/JPY Points to Further Gains in the Upper-111.00s – UOB Analysts at UOB Group remain bullish on USD/JPY, with a target around the 111.85/90 band in the near term. Key Quotes “While the 111.50 resistance capped the rebound in USD as expected (high of 111...
FTSE Sold on Brexit Poll, Cheaper Oil The FTSE and the pound are both under pressure after the latest ICM/Guardian telephone survey revealed a seismic shift in favour of leaving the EU. FTSE futures slipped below the 6200 handle for the first time in a week...
GBP/USD Forecast: Bearish Momentum to Accelerate Below 1.4400 The British Pound has extended its decline this Wednesday, unimpressed by the release of UK data, as May Markit Manufacturing PMI came in at 50.1 from the flash estimate of 49.2 released earlier this month...
FxWirePro: DAX30 Forms Bearish Bat Pattern, Good to Sell on Rallies Harmonic Pattern formed- Bearish Bat pattern Potential reversal zone (PRZ)- 10487 (Apr 21st high) The index has made high of 10374 yesterday and started to decline from that level. It is currently trading around 10224...
Euro Zone Bonds Mixed Ahead of ECB Policy Meeting The European bonds mixed on Wednesday as investors await European Central Bank (ECB) monetary policy. The benchmark German 10-year bonds yield, which moves inversely to its price fell 2 basis points to 0...
USD/CAD: Sell on Strength (Still) – Westpac In view of strategists at Westpac, the perspective for the pair remains a ‘sell on rallies’ in the near term. Key Quotes “USD/CAD admittedly looks like tis building a solid beach-head above 1.30 but still favour selling strength...
EUR/GBP Surpass 0.7700 Handle with Ease, Now Eyeing 0.7750 Level As the EU referendum vote gets closer, an unexpected fall in the British Pound assisted the EUR/GBP cross to extend its sharp recovery for second day running...
USD/JPY Bullish, Targets 111.90 – Commerzbank The pair’s outlook remains tilted to the bullish side, allowing a potential test of the 111.90 area, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank...
GBP/JPY Bulls Need to Catch Their Breath Quoting now back below its 50-period SMA on 4H charts, GBP/JPY has steady unwound last week's gains. The downswing in the pair has brought RSI into a weak technical position below its 35% level...