Roberto Jacobs / Blog
UK: Pound Ground Down - Investec Research Team at Investec, notes that after a quiet bank holiday, yesterday began with fairly muted market activity as Sterling continued to trade in tight ranges against the Euro and Dollar...
EUR/USD Inter-Market: Rallies in Tandem with VIX, Rest Intrinsics also Justify the Latest Upmove A renewed bout of buying interest seen around the EUR/USD pair post-European open, looks to have gathered pace, with the major now heading for a test of previous high reached at 1.1173...
Oil Drops to $48.25 Ahead of API Data and Thursday’s OPEC Meeting After briefly rising back above $50.00 psychological mark on Tuesday, WTI crude oil futures witnessed a sharp reversal and extended its slide on Wednesday to currently trade at seven day low level near $48.25...
GBP Remains Under Pressure Ahead of Referendum – Danske Bank Chief Analyst at Danske Bank Jens Sorensen has assessed the recent price action in the Sterling. Key Quotes “GBP dived substantially yesterday on a released poll showing a surprise lead for the ‘leave’ camp”. “GBP/USD fell from 1...
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...