Roberto Jacobs / Blog
U.S. Treasuries Slide on Firm Economic Data The U.S. Treasuries slumped on Tuesday as consumer price index ticked higher in April. Firmer U.S housing starts also added to the downfall. The yield on the benchmark 10-year Treasury note which moves inversely to its price rose 1bp to 1...
USD/JPY Likely to Move Towards 116 by 2016-End The USD/JPY vulnerability continues to be a major factor in FX through April. The pair continues to be on its volatile downtrend, noted Lloyds Bank in a research report...
EUR/USD: US Rate Hike Getting Closer? EUR/USD Current Price: 1.1310 The EUR/USD pair advanced up to 1.1339 this Tuesday, as risk appetite dominated the first half of the day. The pair however, retreated towards its daily lows in the 1...
EUR/USD Recovers Sharply to 1.1350 from Sub-1.1300 Level As the US trading session gets underway, fresh bids just below 1.1300 handle boosted the EUR/USD pair to the vicinity of 1.1350 level. The pair initially dropped below 1...
USD/CAD Neutral/Bullish Short-Term – Scotiabank FX Strategist at Scotiabank Eric Theoret has reiterated the bullish perspective for the pair in the near term. Key Quotes “USDCAD remains bound within the (roughly) 1.2780-1.3000 range from early May”. “The 50 day MA (1...
WTI Retakes $48.00 ahead of Fedspeak, API The barrel of West Texas Intermediate is back around the $48.00 mark after deflating to the $47.50 region. WTI off 2016 highs The recovery of crude oil prices has lifted the WTI to levels last seen in October 2015 around $48...
USD/CAD Unable to Extend Momentum Beyond 1.2950 A slight better-than-expected CPI data and an extended slide in oil prices boosted the USD/CAD pair back above 1.2950 level before giving-up few pips to currently trade near 1.2939...
Copper is Leading the Move – BBH Research Team at BBH, notes that the Copper is leading the move, and a clean break of the 208 area would set up a test of the January low near 193.55...