Roberto Jacobs / Blog
Volatility Reigns, as OPEC & ECB Hold Out • What will happen when Draghi turns hawkish? • OPEC out to preserve market share • Will Verizon strike hit tomorrows NFP number...
USD/CAD Bullish Above 1.3050 – Scotiabank Eric Theoret, FX Strategist at Scotiabank, sees the perspective for the pair as bullish while above 1.3050...
DXY Inter-Markets: Losing Momentum? The US Dollar Index (DXY), which tracks the greenback vs. its main competitors, has managed to regain the positive territory around 95.50 today, reverting the initial drop to multi-day lows in the 95.15/10 band...
Nonfarm Payrolls Preview: Wages Again in the Spotlight Heading into a new US Nonfarm Payroll release, the American dollar has lost the momentum triggered a couple of week ago by the FED, suggesting a rate hike is possible this June...
EUR/JPY Tumbles to Over Three-Year Low Level of 121.00 After flirting with 122.00 support for major part of the day, the EUR/JPY pair finally broke through the handle support and tumbled to 121.00 mark, its lowest level since March 2013...
Scope for Volatility in GBP in the Run Up to Referendum Day May is likely to prove a challenging month for markets with a number of risks events in store, including the Fed monetary policy meeting on June 15th and the UK referendum on June 23rd...
UK Construction PMI Misses Forecasts, Extends Slowdown in May The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) missed forecasts at 52.5 and printed at 51.2 in May, down from 52.0 in the previous month...
The ECB Kept Today Its Monetary Policy Unchanged as was Widely Expected European shares traded volatile today, but dropped lower in the afternoon, reversing earlier gains. Currently, most European indices trade slightly lower...
No Surprises from OPEC There was never a chance that OPEC would cut production today, meaning there are no real surprises from the outcome of this meeting resulting in OPEC failing to reach an output deal...