Roberto Jacobs / Profile

USD/CHF Regains 0.9600 and Above The greenback is recovering ground lost today, now pushing USD/CHF back above the 0.9600 handle. USD/CHF rebounds from 0.9550 Spot has found some traction after Friday’s multi-month troughs in the 0.9550 area, advancing to daily highs above the key 0...

Weekly Review The main news of the last week was a speech by Janet Yellen, the head of the US Fed...

EUR/JPY – Bears Attack Bids at 50-DMA Common currency is losing ground in Europe on dovish comments from ECB’s policymaker, with EUR/JPY attempting to chew through bids around 50-DMA located at 126.78. Rejected at 5-DMA The cross was rejected at 5-DMA of 127...

GBP/USD Rangebound Between 1.4050-1.4450 – UOB In view of the research team at UOB Group, the GBP/USDpair could extend its consolidative pattern in the next 1-3 weeks. Key Quotes “The break of the 1.4250 support last Friday indicates that the recent upward pressure has eased”...

EUR/USD Extends Losses on Praet’s Comments & Turnaround in Stocks The offered tone around EUR strengthened on ECB’s Praet’s dovish comments and turnaround in stocks, pushing the EUR/USD pair to a session low of 1.1365 levels...

GBP/USD Muted Post-PMI, Near 1.4200 The sterling is alternating gains with losses vs. the greenback today, with GBP/USD navigating the low-1.4200s following UK’s Construction PMI. GBP/USD downside limited near 1...

EUR/GBP Flirts With 0.80 Handle on UK PMI The bearish pressure on the EUR/GBP cross gathered pace following the release of UK construction sector activity report, which pushed the GBP back on the bids. EUR/GBP off multi-month highs Currently, the EUR/GBP pair trades -0.06% lower at 0...

ECB’s Praet – Risks That Inflation May Become Persistent European Central Bank’s (ECB) Praet, while speaking in Rome, said the central bank’s measures are controversial and there is risk that low inflation may become persistent...

AUD/USD Finds Support Near 0.7600 The Aussie dollar is losing the grip at the beginning of the week, sending AUD/USD to the lower end of the range near 0.7600 the figure. AUD/USD upside capped near 0.7723 The pair is challenging the key support at the 0...

USD/JPY Hits Fresh Highs Near 111.70 Amid Higher Equities The USD/JPY pair finally broke the consolidation box post-European open and climbed back higher on the back a recovery in the oil as well as European stock markets. USD/JPY breaks through 111...

EUR/GBP Attempting Break Below 0.80 ahead of UK Data Sterling is gaining lose ground ahead of UK data release despite losses in equities, courtesy of which the EUR/GBP cross is attempting a break below 0.80 handle...

EUR/USD Wavers Above 5-DMA ahead of EMU Data The EUR/USD pair ran through fresh offers once again near 1.1400 levels and dropped sharply towards daily lows, before recovering some ground and now regains 5-DMA at 1.1375. EUR/USD awaits EMU data Currently, EUR/USD trades -0.11% lower at 1...

UK: Manufacturing PMI Disappoints - ING James Smith, Economist at ING, suggests that heightened concerns about global growth continue to weigh on UK manufacturers, although uncertainty surrounding the EU referendum may be starting to play a role...

Technical Analysis of USDX for April 4, 2016 The Dollar index has been moving sideways for the last two sessions and has not produced any change on the bearish trend. Our weekly target of 93 is still open as long as price is below 96.40...

European Stocks Drop as Oil Weighs Stock markets across Europe fell in early trading on the back of nervous Asian equities and drop in oil prices. At the time of writing, Stoxx 50 index was trading marginally lower. Germany’s DAX and France’s CAC were down 0.05% and 0.10% respectively...

EUR/USD Bullish Above 1.1400 – UOB According to the research team at UOB Group, EUR/USD needs to close above 1.14 to allow further gains. Key Quotes “We are holding on to the view that only a daily close above 1...

UK: Sterling Storms and Fat Tails – Deutsche Bank Research Team at Deutsche Bank, suggests that with the UK’s referendum on EU membership approaching on the 23rd June, short-end GBP vol has risen dramatically...

UK Construction PMI Preview: What to Expect of GBP/USD? UK construction PMI for March is due for release today. The report is the least important compared to UK manufacturing PMI and services PMI report. Market expects UK construction PMI to print at 54...

USD Rally Over? – Danske Bank Senior Analyst at Danske Bank Sverre Holbek hinted at the fact that the USD upside could be nearly over. Key Quotes “The USD was remarkably stable despite the string of better-than-expected US data on Friday”...

Technical Analysis of Gold for April 4, 2016 Gold price remains inside the bearish channel and it is heading towards the 38% Fibonacci retracement of the rise from $1,045. So $1,190-$1,200 is our short-term target area...