Roberto Jacobs / Blog
GBP/USD Slides Further Below 1.4500 Handle on Weak UK PMI The GBP/USD pair's up-move to 1.4530 during Asian session got sold into and the pair subsequently dropped back below 1.4500 handle to 1.4445...
JPY: Reluctant to Intervene ahead of the G7 Meeting - BBH Research Team at BBH, suggests that given the criteria that the US Treasury outlined last week in its report on the international economy and the foreign exchange market, there is some speculation that the MOF could order intervention...
USD/CAD Deflates from Highs ahead of US Data The Canadian dollar is now advancing for the first time after two consecutive pullbacks vs. the greenback, taking USD/CAD to the 1.2830 area...
All about the Base: Headline CPI to Pick Up - Nomura Research Team at Nomura, notes that the commodity prices have continued to rally since their lows in February, with the WTI hovering around $45 a barrel...
AUD: Economic Data Surprised on the Upside - BBH Research Team at BBH, notes that the Australian dollar is the best performing major currency today, gaining about 0.4...
Four Macro Rates Views – Goldman Sachs Francesco Garzarelli, Research Analyst at Goldman Sachs, lists down his views in macro rates space. Key Quotes “1. In the US, there is scope for 2-year yields to continue to climb higher, extending a trend started in 2013...
EUR/USD: High in Place? – Westpac Richard Franulovich, Strategist at Westpac, believes the pair could have recently carved a top above the 1.1600 handle. Key Quotes “EUR/USD’s sharp reversal off a critical resistance zone hints that a high may be in place for now”...
Gold Turns Negative, Slips Below $1280 Gold has now turned lower, extending its weakness for fourth consecutive session, sliding further below $1280 level to currently trade near $1278, though off day's low of $1274.50...
US: Non-Farm Payrolls Preview - ING Rob Carnell, Chief International Economist at ING, suggests that the US April labour report is not expected to tell us anything new…but the disconnect between labour and activity is puzzling – something has to give, eventually...