Roberto Jacobs / Blog
Crude Prices Surge to Fresh 2016 Highs Brent and WTI crude oil prices have sharply extended their advance to fresh 2016 highs on this first day of the new week by approx. 3 per cent each so far...
USD/JPY: Bullish to 111.50 - Scotiabank Analysts at Scotiabank explained that USD/JPY is consolidating around the mid-point of its five-session range roughly bound between 108.20 and 109.50, and they look to continued gains toward 111.50...
GBP/USD: Bulls Taking Back Control for 1.44 Handle GBP/USD has been in a series of daily declines of late, but bulls are back in charge today. GBP/USD rallied onto the 1...
U.S. Manufacturing Declining - Nomura Analysts at Nomura explained that the New York Federal Reserve today reported that the Empire State manufacturing headline index declined to -9.02 in May from 9.56 in April, falling well below expectations (Nomura: 8.0, Consensus: 6.5...
NZD/USD: Bulls Testing Bears Commitments at 0.68 Handle NZD/USD is testing the upper boundaries of the 0.67 handle and has penetrated the 0.6800 level with a high so far of 0.6809. The move comes with a recovery in oil that made $47.48 WTI the high in a continuation of the 11th May spike from $44...
EUR/USD Clings to Modest Daily Gain EUR/USD is going through a consolidation phase on Monday, having moved slightly off from Friday’s lows, but with the upside capped by the 1.1340 zone...
USD/CAD Breaks Below 1.2900 as Crude Oil Consolidates Gains The loonie (CAD) is among the best performers in the currency market on Monday and against the US dollar extended gains during the American session...
U.S. Key Data Coming Up - TDS Analysts at TD Securities explained that the main US data release this week is CPI on Tuesday and on Wednesday the minutes of the April FOMC meeting are released. Key Quotes: "We expect higher gasoline prices to push headline CPI up to 0.3% M/M, the same as consensus...
Weak Wage Price Index Could Intensify Expectations for a RBA June Rate Cut The Reserve Bank of Australia (RBA) cut the cash rate to a record 1.75 per cent at its recent monthly board meeting, and analysts expect it could be heading towards one per cent before the end of the year...