Roberto Jacobs / Blog
US: Delayed Fed Rate Hike Expectations Prompt Search for Yield - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar remains on the defensive in the near-term with renewed weakness most evident against commodity related and emerging market currencies...
NZD/USD Strong Rally Halted at 0.7150, Now Trading Sub-0.7100 The NZD/USD pair has given up some of its RBNZ status-quo monetary policy led up-move and has now dropped below 0.7100 handle. Earlier on Thursday, RBNZ surprised markets by leaving its benchmark interest rate unchanged at 2.25...
WTI Drops to Lows Near $50.70 After hitting fresh 2016 highs in the $51.70 area per barrel, the West Texas Intermediate is now grinding lower towards the $50.75/70 band...
USD/CAD Seen Grinding Lower – Westpac Strategist at Westpac Richard Franulovich believes the pair is heading lower in the short term. Key Quotes “May CPI the key data point of note for the week ahead. The data should not fuss, with the core rate likely to rise 0.2% in the month. BoC Gov...
US Dollar Flirting with Highs Near 93.80 The greenback, tracked by the US Dollar Index, has found strong support in the 93.40 area, currently advancing to 93.80, or session highs. US Dollar supported at 93...
FxWirePro: BTC/USD Consolidates in Narrow Range, Good to Sell on Rallies Major resistance - $600 BTC/USD has formed the temporary top around $594 and declining from that level. It is currently trading around $581...
German Bund Yields Hover Around Record Low Levels, Likely to Test Zero Soon The German 10-year bund yields continue to hover around record low levels on Thursday, after testing its 2015 low of 0...
EUR/GBP Clings to Gains Near 0.7850 EUR/GBP is posting meagre gains in the second half of the week following the bearish note around the single currency and the British pound. EUR/GBP upside capped above 0...
FxWirePro: EUR/JPY slips Below 121 Handle, All Targets Hit, Book Full Profits EUR/JPY has slipped below the 121 handle as bid tone around the Japanese currency increases. Risk-off sentiment prevailing across Asian and European equities boosting the safe-haven appeal of the yen...