Roberto Jacobs / Blog
US: Recession Fears Resurface - ING Research Team at ING, suggests that the further decline in US GDP growth in 1Q16 could resurrect thoughts of a US hard landing – the evidence is still mixed, but warning signs are mounting...
RBA: Further Rate Cut is Likely – Goldman Sachs Research Team at Goldman Sachs, notes that the RBA cut the cash rate by 25bps to a record low of 1.75% at its May meeting, on the 1 year anniversary of its last rate cut...
EUR/USD Attempts to Clinch 1.1500 Ahead of ADP The single currency seems to be gathering some traction ahead of the NA session today, now lifting EUR/USD to test the 1.1500 neighbourhood. EUR/USD almost unchanged pre-ADP After briefly testing lows near 1...
Gold Slides Further Below $1280 Ahead of ADP Report After failing to sustain above $1300 mark, Gold bulls continue to lose grip as the precious metal extends its slide below $1280 level...
USD/JPY Focus is Now on 107.40 – UOB According to the research team at UOB Group, the pair has now shifted its focus to the 107.40 level. Key Quotes “The strong rebound from the low of 105.52 clearly indicates that a short-term bottom is in place...
GBP/JPY Breaks Through 155.00 Important Support The bears seem to regain control over the GBP/JPY pair as it drops back below 155.00 handle on weaker-than-expected UK construction PMI print. The pair is now headed towards the two week low level of 154.42 tested on Tuesday...
USD Weakness has Likely Overshot in the Near-term – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar has continued to rebound in the Asian trading after the dollar index hit its lowest level yesterday since January of last year...
USD Reversal Supported by the Comments from Fed Officials – Deutsche Bank Research Team at Deutsche Bank, suggests that some attributed yesterday’s reversal in the US Dollar off the lows to the comments from Fed officials yesterday...
AUD/USD Slides Further, Drops to Seven Week Low The AUD/USD pair built on to its Tuesday's sharp fall and erased its Asian session recovery to currently trade near day's low of 0.7460. On Tuesday, RBA unexpectedly lowered its key benchmark interest rates by 25bps to a new record low of 1.75...