Roberto Jacobs / Blog
Elliott Wave Analysis: USD Index Could Be In For Higher Levels On USD index daily chart we are observing a big sideways pattern since start of 2015; it's slow and overlapping price action which is a personality of a contra-trend movement that can be completed now...
GBP/USD Back Under Pressure as Poll Shows the “Leave” Vote Ahead GBP/USD turned sharply lower and fell to fresh lows for the day after another poll showed the “leave” vote was ahead in the EU referendum, fueling concerns over the Brexit...
US Dollar Slips to Lows Near 95.50 The greenback, gauged by the US Dollar Index, has intensified its bearish bias today, currently testing fresh lows in the 95.55/50...
GBP/USD: Below 1.4550 Look for 1.4300/1.4250 - Lloyds Analysts from Lloyds Bank warned about a further bearish correction in the GBP/USD pair, potentially targeting the 1.4300 - 1.4250 area. Key Quotes: “Intra-day studies remain bearish suggesting this latest rally phase towards 1...
AUD/USD Clings to Gains Around 0.7250 AUD/USD broke above the 200-day SMA and climbed to fresh 2-week highs before finding resistance, with the Aussie among the best performers in the FX space. AUD/USD stretched to its highest level since May 18 at 0...
USD/CAD Outlook Remains Bullish – Scotiabank Eric Theoret, FX Strategist at Scotiabank, has reiterated the bullish perspective for the pair in the short term. Key Quotes “We remain CAD bears on the basis of relative policy and look to a renewed widening in U.S.- Canada yield spreads”...
No Major Surprises Expected from OPEC Meeting A meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna is scheduled on June 2nd. Chinese manufacturing data ahead of OPEC meet to remain a key driver for oil prices...
USD/CAD Inter-Markets: Further Rangebound Likely USD/CAD is prolonging its current sideline theme in the mid-1.3000s following below-expectations results from the Canadian GDP figures during the first quarter, while US data releases have somewhat added to recent positive results in the US economy...
Has ECB s Easing Stimulated Inflation? EUR/AUD Puzzles Between ECB and RBA Due today, money supply growth in the euro area probably will have quickened to 5...