Roberto Jacobs / Blog
CAD: Bank of Canada in Wait-and-See Mode – Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank. Suggests that economic risks resulting from the lower oil price had prompted the Bank of Canada (BoC) to lower key interest rates to 0...
AUD: Vulnerabilities to Remain – ANZ Research Team at ANZ, suggests that impending risks are not fully priced into the AUD and they continue to forecast a lower AUD by year end. Key Quotes “The AUD has sold-off sharply over the last month...
Swiss Francs: At the ECB’s Mercy – Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank, suggests that the Swiss economy has so far coped well with the discontinuation of the EUR-CHF exchange rate floor...
EUR/USD Drops to Session Low Ahead of US GDP Release In last one-hour, the US Dollar seems to have gained traction, leading to a sharp decline for the EUR/USD pair back below 100-day SMA support to currently trade at session low...
USD/JPY Further Choppy Trade Ahead – UOB USD/JPY is expected to trade in a broad consolidative range between 108.80 and 110.60 in the next weeks, according to analysts at UOB Group. Key Quotes “While the strong 110...
GBP: Brexit Referendum Overshadows Everything – Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank, suggests that on 23 June, a referendum will be held on UK membership of the EU which increases uncertainty which has allowed the GBP to depreciate markedly and the options market also refle...
USD/CAD Inches Higher to 1.3040 as Oil Slides Further As oil retreat from the much talked above $50.00 psychological mark, the USD/CAD pair extended its Thursday's bounce off 50-day SMA support to currently trade comfortably above 1.3000 handle at 1.3040. Extending its decline from $50...
USD GDP: What to Expect of EUR/USD The main highlight in today’s US docket will be the release of another revision of the GDP figures for the first quarter. Market consensus expects the economy to have expanded at an annualized pace of 0.9%, up from the previous 0.5% gain...
EUR/JPY Drops to 122.50, Upside Seems Capped Around 123.00 The EUR/JPY pair remained under pressure and turned lower from 20-day SMA resistance to currently trade near the mid-point of 123.00-122.00 handle. Following its decline below 123...