Roberto Jacobs / Blog

BoJ to Add Stimulus in April...

USD Tumbles in the Market on Yellen Comments The US dollar dropped sharply after the release of Janet Yellen speech, that was seen as dovish by market participants...

EUR/USD: Bulls Take Charge on an Uncertain and Dovish Fed EUR/USD has rallied to1.1263 so far ahead of Yellen's presser after a speech she is currently making at the Economic Club of New York...

Yellen: Appropriate for Fed to Proceed Cautiously with Rate Hike Janet Yellen, Chair of the Federal Reserve, said today in New York that the central bank must move with caution regarding interest rate hikes given the current outlook. She mentioned that inflation expectation may have drifted lower...

GBP/USD: Bulls Target 1.44 Handle on Dovish Yellen GBP/USD has rallied from 1.4280 to make fresh highs which are rising at time of writing towards the half way point on the 1.43 handle after Yellen's dovish tone speaking in New York today...

USD Positions Consolidated while EUR Shorts Reduced - Rabobank Jane Foley, Senior FX Strategist at Rabobank, lists down the IMM Net Speculators’ Positioning as at 22 March 2016. Key Quotes • “Having declined for six consecutive weeks, USD positions consolidated ahead of the Easter break...

JPY: Mixed Data - BBH Research Team at BBH, notes that the Japan reported mixed data overnight. Key Quotes “The jobless rate ticked up unexpectedly to 3.3% in February even as the jobs to applicant ratio remained steady at 1.28. Several measures of retail sales and household spending were mixed...

SGD: Sing in the Wings – Deutsche Bank Research Team at Deutsche Bank, suggests that there was little pushback to their view that MAS would not change policy at their April meeting given a reiteration of their core inflation forecasts, and fiscal support...

CNY: Tail-sizing – Deutsche Bank Research Team at Deutsche Bank, tries to answer the question that how large was the tail on Chinese growth and FX now. Key Quotes “Some suggested China was not the main tail risk for markets anymore, rather it was Europe (refugee crisis, Brexit, terrorism...

Oil in Global Economy Series: Saudi Games Not Working After more than a year into deployment, cracks are now plenty to conclude that Saudi Arabia’s strategy to keep production high, drive out high cost producers and increase/retain its market share has failed...