Roberto Jacobs / Blog
EUR/USD is Back Below Hourly 100-MA Minor bullish move in EUR/USD fell apart around 1.1390-1.14 levels and the pair is back below hourly 100-MA level of 1.1382 levels. Range intact The currency pair remains restricted in a week long range of 1.1438-1.1335...
Eurozone: What More Can be Done? - BNPP Research Team at BNP Paribas, suggests that despite concerns at the beginning of the year, the effect of financial stress on Eurozone growth should remain contained...
Fed: Speakers Cause More Noise than Data - Investec Research Team at Investec, suggests that last night we saw Federal Reserve Chair Yellen take part in a discussion with former Fed Chairs Bernanke, Greenspan and Volcker...
ECB: Members Expressed Concerns About Further Cut in the Deposit Rate - Rabobank Stefan Koopman, Market Economist at Rabobank, suggests that there was a broad agreement among the members of the Governing Council that the inflation and growth outlook had deteriorated since the meeting in December...
ECB Minutes Showed Some Disagreement - Investec Research Team at Investec, suggests that in Europe, some attention was also paid to the release of the ECB minutes from their meeting four weeks ago...
JPY: Partial Reversal but Upside Risks to Persist - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that the Japanese Finance Minister Aso spoke in early Tokyo trading today helping to stem the relentless buying of the yen, expressing concern over the “excessive” and “one-sided” moves...
Chinese FX Reserves Increase Supported by USD Weakness - Rabobank Stefan Koopman, Market Economist at Rabobank, notes that against all odds, Chinese FX reserves increased by USD 10bn, ending up at USD 3,213bn in March...
USD/JPY Downside is Slowing Down – UOB The research team at UOB Group believes the pair’s downside could run out of steam in the next 1-3 weeks. Key Quotes “When we turned bearish two days ago (see FX Insights on 06 April when spot was at 110...
USD/CAD Off Lows, but Stays Below 1.31 as Oil extends Rally The Canadian dollar reversed more than half of previous losses and now remains strongly bid against its US counterpart in Europe, keeping USD/CAD deep in the red below 1.31 handle. USD/CAD capped below 20-DMA at 1...