Roberto Jacobs / Blog
BOJ's Funo - Next Easing May Not be a Rate Cut Bank of Japan board member Yukitoshi Funo was back on the wires stating the next policy easing may not necessarily be a rate cut...
EUR/USD is Undergoing Broad Consolidation - SocGen Research Team at Societe Generale, suggests that after testing key levels 1.06/1.05 last year, EUR/USD is undergoing broad consolidation. Key Quotes “1.06/1.05 will decide about next leg of down cycle...
Bangladesh Bank Weighs Lawsuit Against NY Fed Over Hack Dhaka: Bangladesh's central bank has hired a US lawyer for a potential lawsuit against the Federal Reserve Bank of New York after hackers stole US$81 million from its account with the NY Fed, according to an internal report by the Bangladesh...
FXWIREPRO: AUD/JPY Breaks Minor Trendline Resistance at 85.40, Good to Buy Dips RBA more cautious about talking down the AUD which partly disaapointed Aussie bears...
China: Not Engaging in Currency War - ING Prakash Sakpal, Economist at ING, suggests that their baseline is that the PBOC continues to manage the fixing “with reference to a basket of currencies” and their yearend USDCNY forecast is 6.65...
FXWIREPRO: EUR/GBP Trading Just Shy of the 0.79 Handle, Sees Strong Resistance at 0.7911 Pound sterling likely to remain under pressure as terrorism attacks in Brussels fuelled risk of a Brexit...
FXWIREPRO: NZD/USD Holds Above 10-Dma Support at 0.6728, Bias Lower NZD/USD was rejected at day's high by 0.6769, and has slipped lower to currently trade at 0.6737 levels. 10-DMA at 0.6728 is strong support for the pair, breaks below could see downside resume...
Gold Falls Sharply, Testing $1,231.00 Area Gold has seen a ferocious sell-off worth over $15.00 from over $1,250.00 at the beginning of Asia, all the way down to currently test $1,231.00, level where a strong short liquidation originated following the dovish FOMC last week. Gold overbought...
Turkey: Security Threats and Policy Uncertainty Call for Bearish Outlook - TDS Cristian Maggio, Head of Emerging Markets Strategy at TD Securities, notes that the Turkey suffered a sixth deadly attack on 19 March, the second in Istanbul this year...