Roberto Jacobs / Blog
Brazil: USD/BRL Forecast Lowered with New Political Scenario - Deutsche Bank Jose Faria, Economist at Deutsche Bank, explained that they lowered USD/BRL year-end forecast from 3.70 to 4...
FxWirePro: USD/CAD Dips Below Lower Range, Bearish Bias Increases USD/CAD has declined sharply in the US session, as the pair was weighted down by a strong rally in oil prices after data showed crude oil inventories at end of May 6 week were 540 million barrels, a 3...
USD/CAD Hits Fresh Weekly Lows as CAD Tracks Oil Gains USD/CAD fell sharply to fresh weekly lows dragged down but a stronger Canadian dollar, which benefited by an unexpected drop in US oil inventories. According to the Energy Information Administration, US crude oil inventories fell by -3...
US: Slower Start, Less Rate Hikes - Wells Fargo The new outlook for the US economy, pushed analysts from Wells Fargo to scale back on their expectations about the timing of the Federal Reserve rate hikes...
FxWirePro: AUD/USD Intraday Upside Momentum Strong After Oil Prices Rally The AUD/USD inched higher on Wednesday, as commodity currencies strengthened across the board after oil prices rose sharply towards $45 per barrel. The pair hit high at 0.7380, after finding buying interest around 0...
EUR/CHF: We Expect Gradual CHF Depreciation - Lloyds Analysts from Lloyds Bank expect a gradual depreciation of the Swiss franc and EUR/CHF to end the current year around 1.11. Key Quotes: “Over the past month, the Swiss franc has fallen by around 3% against the euro, pushing EUR/CHF above 1.10...
USD/CHF Drops to Test 0.9700 The Swiss franc is rising against the US dollar, recovering after trading yesterday at the lowest level in two weeks. USD/CHF printed a fresh low during the American session at 0.9699 and currently trades at 0.9704/08, down 50 pips for the day so far...
Oil Rallies After EIA Reports Drop in US Stockpiles Oil prices turned higher and spiked to fresh highs near $46.00 a barrel, after the US Energy Information Administration (EIA) reported crude oil inventories unexpectedly dropped last week...
USD/JPY Hits Fresh Daily Lows as Sentiment Deteriorates USD/JPY fell briefly below 108.50 and posted fresh daily lows as the dollar weakened across the board while the yen benefitted from worsened market sentiment. USD/JPY bottomed out at 108...