Roberto Jacobs / Blog
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...
USD/JPY Sell-Off Continues, Tumbles Below 109.00 Level Despite of a broader recovery for the greenback, tracked by the US Dollar Index, the USD/JPY pair maintained its undertone and extended its slide further below 109.00 handle to currently trade around the mid-point of 108.00 level...
NZD/USD Bullish Above 0.6840 – UOB In opinion of analysts at UOB Group, the outlook for the Kiwi dollar could turn to bullish on a surpass of 0.6840. Key Quotes “While the strong 0...
USD/JPY Forecast: Fresh Lows on Risk Aversion Fresh lows on risk aversion. The USD/JPY pair continued declining this Thursday, down below the 109.00 mark ahead of the US opening and after ECB's economy policy decision...
AUD/USD Rallies Could Struggle Near 0.7350 – Westpac Strategist at Westpac Sean Callow sees bullish attempts in the Aussie dollar to remain somewhat capped in the mid-0.7300s. Key Quotes “May was AUD/USD’s weakest month (-4...
US Dollar Turns Positive Near 95.50 The greenback, tracked by the US Dollar Index, has reverted the initial bearish tone and is now testing the positive territory in the 95.45/50 band. US Dollar rebounds from 95.15 After bottoming out in the 95...
EUR/USD Turns Volatile, Drops to Session Low 1.1160 as Draghi Disappoints As the ECB press conference got underway the EUR/USD pair turned volatile, initially jumped to the vicinity of session high but faded the spike and touched a fresh session low of 1.1160...