Roberto Jacobs / Blog
RBA's SoMP: Inflation Forecasts Slashed, Lowers Wages Outlook The RBA’s quarterly Statement on Monetary Policy (SoMP), issued quarterly, has been published, with the Central Bank lowering its inflation forecasts and wages outlook...
Action in Commodities: Energy Higher - ANZ Analysts at ANZ explained the action in the commodity sector. Key Quotes: "Energy was higher. Supply disruptions and closures helped push crude oil prices higher, despite the stronger USD...
USD/JPY: Awaits Risk Events - Nonfarm Payrolls USD/JPY is currently consolidated between a 10 pip range as Asia opens mixed following a subdued performance overnight on Wall Street as markets get set for the nonfarm payrolls showdown tonight in the U.S. shift...
Nonfarm Payrolls Preview - Westpac Analysts at Westpac explained that the consensus for US Apr non-farm payrolls is 200k, after 215k in Mar and 245k in Feb...
GBP/USD: Downside Limited, Target Above 1.4515 - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the GBP/USD pair fell down to 1.4438 this Thursday, but dips in the pair ever since the day started have sent the pair quickly back towards the 1...
NZD/USD: Rising Channel Compromised, Target 100 DMA NZD/USD is consolidated at a key level within the rising daily channel. The downside has come back on to play and the bears are starting to make a strong case for a breakout to the downside with a double top at the mid way point of the 0...
RBA Quarterly Statement Coming Up - ANZ Analysts at ANZ noted that the RBA’s quarterly Statement on Monetary Policy is released today. Key Quotes: "After the rate cut earlier this week it will be a key focus for markets...
EUR/GBP Falls After 4-Day Rally EUR/GBP is losing 50 pips on Thursday despite another weak economic report from the United Kingdom. During the American session, the pair printed a fresh daily low at 0.7860, the lowest since Tuesday. The pair started the day above 0...
Brexit Fears Impending on UK Growth - Scotiabank Analysts at Scotiabank explained that UK Markit/CIPS services and composite PMI data came in below expectations for April at 52.3 (versus a market consensus of 53.5) and 51.9 (53.2) respectively...