Roberto Jacobs / Blog
China’s Monetary Policy Regime in Transition - Nomura The Global Markets Research Team at Nomura notes that China’s monetary policy regime is currently experiencing a transition towards a more market-based regime...
AUD/USD Awaits Stevens AUD/USD is consolidated sub the 0.76 handle as the PBOC sets the USD/CNY mid -point today at 6.4971. AUD/USD been in gradual decline since losing the 0.76 handle again in the US, post a pop-up to test the 0.7620 offers in European trade...
Commodities in a Snapshot, Energy Higher - ANZ Analysts at ANZ noted the action the commodities sector overnight an that energy prices were stronger. Key Quotes: Brent prices pushed above USD41/bbl with the front month Brent-WTI price spread consistently trading above USD1.6/bbl...
Fed Speakers Flag Potential for Hikes - ANZ Analysts at ANZ explained that three Fed members (non-voters) flag potential for rate hikes. Key Quotes: "Williams: expects a rate cut in April and June if all else is equal and data flow continues the way he expects...
USD/CNY: Fix to be Higher by 91 Pips - Nomura Analysts at Nomura offered their model for the CNY fix today. Key Quotes: "Our model projects the fix to be higher by 91 pips from the previous fix (6.4915 from 6.4824) and higher by 57 pips from the previous spot USD/CNY official close 6.4858...
EURUSD Daily Forecast: March 22 2016 EURUSD Forecast The EURUSD was indecisive yesterday. The bias remains neutral in nearest term, but we have a potential false breakout bearish scenario as you can see on my H1 chart below especially if price able to make a clear break and daily close below 1...
GBPUSD Daily Forecast: March 22 2016 GBPUSD Forecast The GBPUSD had a bearish momentum yesterday closed below 1.4400 support area. The bias is bearish in nearest term testing 1.4300 region. Immediate resistance is seen around 1.4420...
USDJPY Daily Forecast: March 22 2016 USDJPY Forecast The USDJPY had a bullish momentum yesterday and hit 112.20 earlier today. The bias is bullish in nearest term testing 112.50 – 113.00 area. Immediate support is seen around 111.50...
USDCHF Daily Forecast: March 22 2016 USDCHF Forecast The USDCHF was indecisive yesterday. The bias is neutral in nearest term but overall I remain bearish with nearest target seen around 0.9570 area. Immediate resistance is seen around 0.9730...