Roberto Jacobs / Profil

EUR/GBP Falls After 4-Day Rally EUR/GBP is losing 50 pips on Thursday despite another weak economic report from the United Kingdom. During the American session, the pair printed a fresh daily low at 0.7860, the lowest since Tuesday. The pair started the day above 0...

Brexit Fears Impending on UK Growth - Scotiabank Analysts at Scotiabank explained that UK Markit/CIPS services and composite PMI data came in below expectations for April at 52.3 (versus a market consensus of 53.5) and 51.9 (53.2) respectively...

EUR/USD: This is All about the Greenback - BTMU Analysts at Bank of Tokyo Mitsubishi explained that the main driver of the move higher for EUR/USD in recent months has been broad based US dollar weakness rather than euro specific factors...

NZD/USD: Daily Double Top, Target 0.6720? NZD/USD remains within the rising daily channel, but is starting to make a case for a breakout to the downside with a double top at the mid way point of the 0.70 handle and another set of down intra-sessions. NZD/USD lost the 0...

EUR/USD Clings to 1.1400 After losing more than a hundred pips throughout the day, EUR/USD found support at the 10-day SMA and entered a quieter phase, as investors attention turns to the US nonfarm payrolls report due on Friday. EUR/USD extended its pullback from an 8-month peak of 1...

Nonfarm Payrolls: Expect the Unexpected The US economy is expected to have added roughly 200,000 new jobs in April, way too optimistic, given these last few day's macroeconomic releases. Adding to a quite disappointing US growth in the first quarter, as the advanced GDP reading came in a 0...

GBP/USD Consolidates Near 10-Day Lows GBP/USD has spent the last hours in a narrow range, unable to set short-term direction, after hitting 10-day lows amid broad USD strength and disappointing UK data released during the European session. GBP/USD bottomed out at 1...

FX and Oil Correlation - Rabobank We are all oil analysts now. This mantra has been stated time and time again of late given the close relationship between oil and asset prices across markets. Key Quotes: "Of course, this theme is not new but the question of how long it will last remains key...

USD/CHF: Rebound from the Low Line of the Channel. Technical Analysis of 05/05/2016 Review and dynamics From the level of 1.0300 in December 2015 the pair USD/CHF has dropped by over 700 points by now. On the daily chart the pair declines in the channel with the lower limit at the level of 0...

USD/CHF: There are Grounds for the Rise in the Pair. Fundamental Analysis of 05.05.2016 Although the pair USD/CHF has reached 8-month lows, it is advisable to be careful when opening short positions on the pair. It happens that historically May is a favourable month for the USD...

FxWirePro: AUD/USD Outlook Weaker on Renewed Downside Pressure AUD/USD pair inched higher in the Asian session as the pair was lifted up after upbeat retail sales data from Australia. Immediately after the data release the pair rose towards 0.7500. However, after finding resistance at 0...

EUR/USD: NFP to Decide on the Reversal - MUFG According to analysts from The Bank of Tokyo-Mitsubishi UFJ, the Non-Farm Payroll report on Friday will dictate whether recent US dollar weakness continues to reverse...

USD/CHF Hits 1-Week High, Nears 0.9700 The US dollar extended its rally versus the franc during the New York session, reaching its highest level in a week, just a few pips below the 0.97 mark. USD/CHF continued to recover from an 8-month low of 0...

GBP/USD: Technical Outlook Biased to the Downside - Lloyds Analysts from Lloyds Bank point out that after the reversal from 1.4770, the technical outlook points to the downside and they continue to see in the medium term, price in ranges. Key Quotes: “The impulsive reversal after spiking up to 1...

EUR/CHF Climbs to 2-Month Highs A weak Swiss franc boosted the EUR/CHF pair to the strongest level since mid-February. The pair broke above 1.1016 and rose to 1.1039. It was trading at 1.1030, headed toward the highest daily close in two months...

USD/JPY: Downside Risks, Intervention Expectations Around 105 - MUFG Analysts from The Bank of Tokyo-Mitsubishi UFJ see the USD/JPY pair with a bearish bias, likely to trade between 105.50 and 108.50 during the next week...

NFP Preview: Will Jobs Data Revive USD? - ING According to analysts from ING, a solid jobs report could spark a near-term revival in the US dollar. Key Quotes: “Payrolls to come in a tad softer than expectations (ING: +190k; consensus: +200k...

S&P Stokes EM Concerns - Warns on Rising Pace of EM Downgrades S&P Global Ratings in a report released yesterday, warned that debt pile in emerging markets which has burgeoned to around $435 billion, to be repaid in the next 10 years, pose “new potential risks” to sovereign ratings...

USD/JPY Hits 6-Day Highs Near 107.50 The US dollar rose further against the Japanese yen and reached the strongest level in almost a week but failed to extend gains. USD/JPY hit a fresh high at 107.49 after breaking above 107.30. The area around 107...

NZD/USD Eyes 0.65 in Q3 – Westpac Strategist Imre Speizer at Westpac sees the pair slipping towards the 0.65 area in the next months. Key Quotes “NZD/USD continues to gyrate within an ascending range, although it has lost momentum during the past week and could slip to 0...