Roberto Jacobs / Blog
Euro Zone Stuck in Slow Growth, Despite Assurance from Draghi Speaking at European Central Bank’s (ECB) monetary policy conference president Draghi assured several times the bank’s monetary policy is working and working through real economy...
Negative Rates Series: Can Central Banks Digest Their Own Negative Medicine? Central banks around the developed world, increasingly pushing the yield curve towards zero, either through asset purchase or through introduction of negative rates...
DXY Breaks Major Resistance at 94.70, Jump Till 95.35/95.80 Is Possible Major resistance - 94.70 (trend line joining 96.39 and 95.20) Major intraday support- 94.40 DXY has recovered after making a temporary bottom around 93.60. It is currently trading around 94.83...
Euro Area Flash PMI Dropped in April, Economy Continues to Expand at Moderate Pace Euro area’s Markit flash PMI fell slightly to 53 in April from March’s 53.1, suggesting that the economy continues to grow just moderately...
GBP/NZD Scales Higher, Reclaims 2.0800 Mark Adding on to its two day of sharp gains, the GBP/NZD pair continues to move higher, erasing all of its last week's loss and now seems all set to close at 3-week high...
GBP/USD Fades the Spike to 1.4370 The initial upside momentum in GBP/USD seems to have run out of steam near 1.4370, prompting the current correction to the 1.4350/45 band. GBP/USD weekly upside capped at 1...
FOMC Could Be a ‘Non-Event’ – UOB The research team at UOB Group does not expect noted the upcoming FOMC meeting to yield any significant outcome, focusing instead on the June meeting...
WTI Erases Early Gains, Eyeing $43.00 Mark Earlier on Friday during Asian trade, WTI oil future gained momentum led by weakness in USD just to erase all of its early gains and is currently trading around $43.35 level...
EUR/USD Depressed Near 1.1270 The shared currency keeps the defensive fashion at the end of the week, now taking EUR/USD to the lower bound of the range in the 1...