Roberto Jacobs / Blog
Oil: Spec Market is Long Crude – Westpac Robert Rennie, Research Analyst at Westpac, notes that the West Texas front month crude oil traded above $44/bbl last week for the first time since Nov 2015...
Fed’s in a Pickle - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the odds of this week’s US FOMC meeting delivering a rate hike are zero, according to Bloomberg. Key Quotes “The chances of a cut are higher, but only 2...
BoJ Preview: Clouds Gathering - ING James Smith, Economist at ING, suggests that given recent JPY strength, we expect the BoJ to expand stimulus this week, via increased risk asset purchases and a move to negative rates on the Loan Support Programme...
Asia's Anesthesia Could Wear Off – Deutsche Bank Mallika Sachdeva, Strategist at Deutsche Bank, suggests that three forces – beyond positioning and seasonality – have been at play in the latest Asian FX rebound but the numbing relief from each could wear off...
EUR/GBP Steady Above 0.7800 Mark Ahead of German IFO Business Climate Recovering from its Monday morning gap down opening of 0.7752 monthly low level, the EUR/GBP pair recovery swiftly and is currently holding just above 0.7800 mark...
Elliott Wave Analysis of EUR/NZD for April 25 - 2016 Wave summary: The rally of the 1.6063 low is doing okay. We are not yet at a stage where we can say with a high degree of certainty that a long-term bottom is in place. We do expect this, but still need a break above important resistance at 1...
Elliott Wave Analysis of EUR/JPY for April 25 - 2016 Wave summary: We continue to look for more upside pressure towards the 127.77 target as red wave iii. However, in the long term a strong test of the 128.22 high is expected and if this resistance breaks, then a long-term bottom at 121...
USD/CAD Bid Around 1.2690, Oil Eyed USD/CAD is attempting a consolidation scheme below the 1/2700 handle at the beginning of the week, coming up from lows near 1.2660 during the Asian session...
USD/CHF Facing Resistance Near 0.9800 Area During the Asian session on Monday, the USD/CHF pair has been witnessing some minor profit taking move from nearly 0.9800 mark touched on Friday and is currently trading at 0.9765, close to its immediate support near 0.9750 round figure...