Roberto Jacobs / Blog
USD/CAD Sidelined Below 1.3100, ADP Eyed USD/CAD is posting moderate losses around the 1.3060 area on Wednesday ahead of the key US ADP report. USD/CAD lower post-Yellen Spot has come under renewed selling pressure in response to the dovish speech by Chief J...
GBP/USD: Bullish Move Stalls as "In" Campaign Lead Narrows GBP/USD is working hard to avoid losses in early Europe after a latest Ipsos Mori poll showed "In" campaign lead narrowed. Trades above 38.2% Fibo At 1.4376, the spot is sitting a few pips above 1.4368 (38.2% of 1.5230-1.3835...
ECB Coeure: Won’t take Rates into 'Absurdly Negative Territory' More ECB Coeure headlines from Politico interview published on ECB site: Not short of instruments; choice quite large Won’t take rates into 'absurdly negative territory' 'Helicopter money' not part of Gov council discussion...
EUR/JPY Breaks Below 127.00, Session Lows The buying interest around the Japanese currency has dragged EUR/JPY back below the 127.00 key support on Wednesday. EUR/JPY lower on JPY-buying Yesterday’s dovish remarks from Chairwoman J...
Japan’s Current Account Surges to a Recent High - NAB Research Team at NAB, notes that the Japan’s current account surplus surged to ¥16.64 trillion in 2015 (3.3% of GDP), the strongest outcome since 2010. Key Quotes “The goods account improved by ¥11.3 trillion (to -¥643...
JPY: Impact on Economy of Strong Yen – Nomura FX strategy team at Nomura, had lowered its end-2016 USD/JPY forecast to 122, from 130...
Nikkei 225 Drops, Rest of Asia Climb on Cautious Yellen The stocks on the Asian bourses climbed on Wednesday, taking the positive lead from the Wall Street overnight on dovish Yellen, which smashed April Fed rate hike expectations...
Gold Offered Near 20-DMA, Drops Below $ 1240 Gold prices drifted lower in the Asian session, having booked strong gains the day earlier after Fed Chair Yellen turned outrightly dovish and triggered a broad USD sell-off. Gold stalls 2-day rally Currently, gold edges -0.10% lower to 1237...
AUD/USD: 0.7850 in Range After Dovish Yellen AUD/USD is in a period of consolidation after a rally overnight on the back of Fed Chair Yellen who surprised markets with a more dovish tone than was expected...