Roberto Jacobs / Blog
RBNZ: Rate Cut Likely at June Meeting - Westpac Imre Speizer, Research Analyst at Westpac, notes that the RBNZ held the OCR steady at 2.25% on 28 April, in line with Westpac’s forecast...
Oil Consolidates Near 6-Month Tops ahead of EIA Report Oil benchmarks on both sides of Atlantic take a breather from the overnight upsurge and trades modestly flat as attention now turns towards the EIA inventory report and FOMC minutes due later today. WTI to test $ 50 mark on EIA report...
EUR/GBP Closer to 0.7800 ahead of UK Data The risk-off sentiment has been prevailing throughout the Asian session today. Sending EUR/GBP to the area of daily lows near 0.7800 the figure...
Stronger GDP to Have Positive Implications for USD/JPY - Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that the USD/JPY likely to vacillate near the current level in the near term, though expecting bias toward downward risk over the next few months...
EUR/JPY Finds Support Near 123 Handle, EZ Data Eyed The EUR/JPY cross keeps losses in early Europe, although stages a minor-bounce from near 123 handle as the yen’s relative weakness aids the recovery. EUR/JPY bounces-off a dip below 123 handle The EUR/JPY pair now drops -0.23% to 123...
USDCHF: Targets Further Bullishness On Bull Pressure USDCHF: Having the pair strengthened further on Tuesday, further move higher is expected in the days ahead. On the downside, support lies at the 0.9750 level. A turn below here will open the door for more weakness towards the 0...
Oil Prices More Sustainable, Metals Price Increase Limited - Nomura Research Team at Nomura, notes that the commodity prices declined sharply since their peak in mid-June 2014 but, since the beginning of 2016, have recovered almost 30%, based on the GSCI index...
EUR/USD Hits Fresh 3-Week Lows Near 1.1280, EZ CPI in Focus The EUR/USD pair is gradually extending its downbeat momentum seen earlier in the Asian session, and now tests session lows as risk-off returns to markets amid broad based US dollar strength. EUR/USD eyeing a test of 100-DMA at 1...
UK Inflation Forecast: May 2016 - RBS Ross Walker, Senior UK Economist at RBS, suggests that the UK headline CPI is forecasted to remain at 0.3% in May, reflecting a stable Core CPI rate and a neutral food & energy contribution with modest upside risks...