Roberto Jacobs / Blog
EUR/GBP Slides Further to a Fresh 6-Week Low The EUR/GBP pair's bounce on Monday was rejected at 0.7800 mark and the pair subsequently resumed its near-term weakness to test a 6-week low level of 0.7743 on Tuesday...
USD/JPY Recovers to 111.00 Mark, US Durable Goods Orders Data Eyed The USD/JPY pair profit-taking move after last week's sharp up-move seems to have found bids near 110.65-70 area, lifting the pair close to 111.00 mark handle...
Fed Policy Meeting: When Hawks Cry – BMO CM Sal Guatieri, Senior Economist at BMO Capital Markets, suggests that despite vastly improved financial conditions, faded concerns about China, and weaker deflationary pressures amid rising resource prices and a sagging dollar (down 5% on a trade-weighte...
Loonie Rebound a Brewing Problem for BoC – BMO CM Benjamin Reitzes, Senior Economist at BMO Capital Markets, notes that the loonie has rebounded with gusto since hitting its weakest level in 13 years in January, bouncing about 16...
GBP/USD Aiming to Surpass 1.4600 Mark The GBP/USD continues to build on to its previous two days of consecutive gains and has now peaked through 1.4550 mark ahead of the US durable goods orders data...
AUD/USD: Interim Peak Already Formed – Commerzbank Research Team at Commerzbank, notes that the AUD/USD’s recent rally came close to our .7850 target level (38.2% retracement of move down from 2014), and we are increasingly viewing this as a potential interim peak...
BoJ: More Carrot, Less Stick - RBS James Nelligan, Research Analyst at RBS, suggests that in order for Bank of Japan to over deliver in the eyes of markets, it may need to materially reduce the expected lower bound on the deposit rate. Key Quotes “Kuroda has said the lower bound is at least -0.4...
USD/CHF: Approaching Tougher Resistance – Commerzbank Research Team at Commerzbank, suggests that the USD/CHF is facing some tough overhead resistance circa .9787/.9833 area – this is made up of the December low, late March high and the 200 day moving average...
Commodities: Physical Re-Balancing Not Complete – Goldman Sachs Research Team at Goldman Sachs, notes that the sentiment in commodity markets has clearly shifted towards being more bullish...