Roberto Jacobs / Blog
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...
GBP/USD Testing 1HR 200-SMA to the Downside, UK Jobs Eyed The GBP/USD pair extended its retreat from above 1.45 handle and now inches lower towards 1.4300 levels as a broadly higher greenback weighs on the major amid mixed Asian session. GBP/USD flirting with key support near 1...
USD Bias Constructive - Westpac Research Team at Westpac, are sticking with a constructive USD bias, even though it is struggling to develop much forward traction. Key Quotes “Fed officials, even doves like Rosengren and Kaplan, are signaling that June is live and 2-3 rate hikes "make sense...
JPY: GDP Surprised to the Upside - Rabobank Michael Every, Head of Financial Markets Research at Rabobank, notes that today we have seen Q1 Japanese GDP, which has somehow surprised to the upside, rising 1.7% q-o-q annualized vs. expectations of 0.3...
USD/CAD Climbs Further to Test 1.2950 on Stronger USD Broad based US dollar rebound remains the underlying key theme in the Asian trades this Wednesday, pushing USD/CAD further into the positive territory towards the mid-point of 1.29 handle. USD/CAD supported at NY close just ahead of 1...
Mexico: Banxico Intervention Risk Rising – TDS Sacha Tihanyi, Senior EM Strategist at TD Securities, suggests that the MXN trading conditions, relative to a set of indicators, suggest that the peso is in the midst of becoming “unhinged” again, in much the same way that led Banxico to unexpectedly...
FxWirePro: USD/JPY Rebounds from Session Lows at 108.72, Retakes the 109 Handle USD/JPY rebounds from session lows in response to better-than-expected Japanese GDP data for the first quarter of 2016. Data released earlier today showed that Japan's preliminary real Q1 2016 GDP came at 0...