Roberto Jacobs / Blog
European Stocks Drop as Oil Falters Stock markets across Europe dropped in early trading, tracking weak Asian equities and drop in oil prices. At the time of writing, Stoxx 50 index was down 0.50%. Germany’s DAX was down 0.63% and France’s CAC was down 0.58%. UK’s mining heavy FTSE was down 0...
US: Weak Start to the Year Reinforcing USD Weakness - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the US dollar continues to remain on the defensive in the near-term undermined the Fed’s dovish policy shift...
Pressure Points, Negative Rates and the Fading Risk Rally – Danske Bank Research Team at Danske Bank, suggests that the pressure points are building in financial markets after 1.5 months of risk rally...
USD/JPY Still Targets 106.63 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, a visit to the 106.60 area remains on the cards. Key Quotes “USD/JPY charted an inside day on Friday as it attempts to absorb some of last weeks sharp falls”...
USD Short Remains Moderate - BNPP James Hellawell, Research Analyst at BNP Paribas, lists down the FX positioning analysis data for the week ending 11th April. Key Quotes • “AUD and CAD positioning is light at scores of +1 and -2 respectively while NZD short positions remain large at -27...
EUR/USD Neutral Near-Term – UOB In opinion of analysts at UOB Group, the pair’s outlook remains neutral in the next 1-3 weeks. Key Quotes “EUR held above the crucial support indicated at 1.1325/30 last Friday (low of 1.1347...
Kuroda’s Dovish Comments Fail to Lit a Fire Under USD/JPY Bank of Japan’s (BOJ) Kuroda tried to weaken Yen but stating readiness to do more but failed as the USD/JPY pair remains weak around 107.80 levels...
BoE: Most Important Event for the UK – Danske Bank Research Team at Danske Bank, suggests that in the UK, the most important event this week is the Bank of England (BoE) meeting on Thursday. Key Quotes “We expect the BoE to maintain the Bank Rate and stock of purchased assets unchanged at 0...
Yen to Remain on Rise on Japan's Delicate Intervention Situation – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, notes that the USD/JPY slid below ¥110 last week and this is the internal base rate for many Japanese exporters in the new fiscal year...