Roberto Jacobs / Blog
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...
EUR/CHF Keeps the Negative Stance – Commerzbank Karen Jones, Head of FICC Technical Analyst at Commerzbank, has reiterated the negative bias around the cross. Key Quotes “EUR/CHF has recently broken down from a triangle, our bias is negative”. “It has reached the 1...
AUD/USD Off Highs, Returns to 0.7540 After advancing to the area of 0.7570, AUD/USD lost upside traction and has returned to the 0.7545/40 band. AUD/USD well supported near 0...
EUR/USD Advances to Highs Near 1.1390 The common currency has reverted the initial negative tone on Friday, now lifting EUR/USD to daily highs around 1.1390. EUR/USD rebounds from 1.1350 After a drop to the mid-1...
USD/JPY Fails to Resist Above 109 Amid Risk-on The bulls face exhaustion in the European session, now pushing USD/JPY back below 109 handle as focus now shifts towards the upcoming Fed speak for fresh cues on the Fed rate hike prospects...
PBoC Intervention on the Cards? – Danske Bank Sverre Holbek, Senior Analyst at Danske Bank, sees the possibility that the Chinese central bank could act in case of unwelcomed depreciation of the Yuan...