Roberto Jacobs / Blog
US Stocks Appear on Track for Third Straight Loss US stocks fell in early trading as investors considered a possibility of an early rate hike amid weak economic data and falling oil prices. At the time of writing, Dow Jones Industrial Average (DJIA) was down 0.48% or 83 points...
Fed’s Bullard - Fed is Going Up Very Slowly on Interest Rates Fed’s Bullard is back on the wires extending his previous hawkish talk by saying the Fed is going up very slowly on interest rates...
Hawkish Bullard and Weak US Data Fail to Move Cable Hawkish comments from Bullard and weak US data may have pushed USD/JPY lower, but failed to trigger a major reaction in the GBP/USD pair, which continues to trade largely unaffected above 1.41 handle...
USD/CAD Challenges Highs Near 1.33, Oil Plummets The greenback remains on a firmer footing vs. its Canadian neighbour on Thursday, now lifting USD/CAD to fresh peaks in the 1.3280/85 band...
Gold Recovers Losses, but Hawkish Fed Speak Caps Gains Gold managed to recovery losses, but is having a hard time turning positive on the day as Fed’s Bullard joined “rate hike could happen sooner” bandwagon. Hovers around $1220/Oz Prices recovered from the one-month low of $1212...
EUR/USD Muted Post-US PMI, Around 1.1160 Nothing new around EUR/USD following today’s Services PMI in the US economy, keeping the negative ground in the 1.1160/50 band so far. EUR/USD now looks to US Q4 GDP The pair kept the composure after flash US Services PMI has returned above the 50...
ECB Says Eurozone's Moderate Recovery Damped By External Developments Euro area economic recovery is set to continue at a moderate pace as global concerns such as the emerging market slowdown and a stronger euro weaken prospects for stronger expansion, the European Central Bank said in its latest...
U.S. Durable Goods Orders Fall Slightly Less Than Expected In February After reporting a significant rebound in new orders for U.S...
Singapore Finmin Sees Slower Growth; Unveils Industry Transformation Programme Singapore Finance Minister Heng Swee Keat said the economy faces strong headwinds from the weakness in the global economy but there is no reason to be overly pessimistic...