Roberto Jacobs / Profil

Global Macro Overview for 04/04/2016 Global macro overview for 04/04/2016: (Crude Oil) Oil has been in decline once again overnight as on Friday, traders continue responding to reports that Saudi Arabia may not be willing to take part in the price freeze without all other major producers, both OP...

Europe Roundup: Sterling Hits 2-Year Low Against Trade-weighted Basket; Dollar Hovers Near 5-1/2-Mth Low Vs Euro Market Roundup Donald Trump predicts massive recession, economists puzzled – Washington Post, BoJ Tankan corporate price expectations weak, CPI +0.8% exp in year, +1...

GBP/JPY Trade Idea Minor resistance 158.60 (trend line joining 159.56 and 158.83) Major support -158 The pair has recovered after making a low of 158.16 at the time of writing. It is currently trading around 158.83. Intraday trend is slightly bullish as long as support 158 holds...

FXWIREPRO: Optimize AUD/CHF Vols With Vega Instrument to Hedge Downside Risks The current implied volatilities of ATM puts of AUDCHF are spiking at 18.42% and at 12.85% for 1 week tenors...

GBP/USD April Fooled Bears GBP/USD is back above 1.43 handle and is showing no signs of exhaustion, indicating Friday’s fall was an April fool’s day move that trapped bears. Will it last? Today’s move lacks any fundamental trigger, but so did the move on Friday...

USD Longs Cut Again, CAD Shorts Fall – Nomura David Wagner, Research Analyst at Nomura, suggests that according to the IMM data for the week ended March 29, non-commercial accounts continued to sell USD to the tune of -$1.5bn, bringing positioning in USD to $7.4bn...

EUR/USD Trims Daily Losses, Approaches 1.1400 EUR/USD fell to test fresh daily lows during the European session but found support at the 1.1360/55 area and bounced, trimming intraday losses...

GBP: Low Turnout will Increase Brexit Risk - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the pound is continuing to weaken and becoming more volatile ahead of the EU referendum on the 23rd June...

GBP/USD Vulnerable, Attention Shifted to 1.4085/56 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the support area at 1.4085/56 has regained attention. Key Quotes “GBP/USD failed to maintain its breach of the 3 month resistance line last week and sold off sharply”...

USD/JPY Downside Risks Have Increased – UOB Spot remains expose to further pullbacks, suggested the research team at UOB Group. Key Quotes “The downside risk has clearly increased with the unexpected sharp drop last Friday”. “However, supports are stacks at 111...

Gold Drops Further to Test 50-DMA, US Data in Focus Gold prices accelerated to the downside over the last hour as the USD recovery gained traction in Europe, as focus now turns towards the US economic releases. Gold heavily sold-off into Fed rate hike bets Currently, gold drops -0.46% to 1216...

GBP/USD Faces Strong Resistance Around 1.4250, Break Above Targets 1.4320/1.4360 Candle stick Pattern Formed- Hammer Potential Reversal Zone (PRZ) – 1.4250 The pair has recovered after making a low of 1.4170 level. It is currently trading around 1.42286...

German Bunds Rally After ECB Qe Boost Kicks In The German 10-year bund prices rallied for 4 consecutive weeks on Monday after the European Central Bank’s expanded bond buying programme kicked in on Friday...

Russian Bonds Slump on Tracking Weak Oil Prices The Russian bonds declined, pushing the yield on 10-year bonds up 3 bps to 9.19 pct, tracking weak crude oil prices on Monday. Moreover, Brent crude oil, a global benchmark for Russia's main export, was down 0.34 pct at $38.55 a barrel...

Poor Australia Retail Sales Data Fuels Rba Rate Cut Bets Australian retail sales data disappointed for the third consecutive month and momentum has clearly slowed in the past three months. Data released earlier today showed Australia's Feb retail sales came at 0.0% m/m missing expectations for 0...

Euro Zone Bond Rally Continues With ECB in the Market From last Friday onwards, European Central Bank (ECB) is in the bond market with additional firepower and on average, from now on it will be purchasing almost €4 billion worth of bonds, every trading day...

GBP/USD Off Highs, Around 1.4225, US Data Eyed The GBP/USD pair faded a spike to 1.4240 levels and reverted to the familiar range around 1.4225 region as markets continue to digest the UK construction PMI report. GBP/USD capped below 10-DMA The GBP/USD pair trades modestly flat at 1...

FXWIREPRO: EUR/SEK Fails to Break Key Resistance at 9.2676, Good to Sell on Rallies EUR/SEK is currently trading around 9.2570 levels. It made intraday high at 9.2651 and low at 9.2321 levels. Pair fails to break key resistance at 9.2676 and supported below 9.2600 marks...

UK CFOs see Brexit as the Greatest Short-term Risk for Businesses - Deloitte According to the latest Deloitte CFO survey published on Monday, UK large firms see Brexit risks as the biggest hurdle to investments, while a majority of the CFOs believes Britain should hold EU’s membership...

It Seems Oil Has Bottomed Out in the Mid-$20.00s – Rabobank According to Strategist at Rabobank Christian Lawrence, the barrel of crude oil could have bottomed in recent lows in the mid-$20.00s...