Roberto Jacobs / Blog
Canadian Dollar Off Early Lows Vs Euro and U.S. Dollar The Canadian dollar trimmed its early losses against the euro and the U.S. dollar in pre-European trading on Wednesday. The loonie recovered to 1.4731 against the euro and 1.3418 against the greenback, from its early low of 1...
EUR/USD: Sell Rallies Towards 1.12 – Westpac Strategists at Westpac have recommended selling the pair on rallies towards the 1.1200 area. Key Quotes “EUR/USD materially overvalued against 2yr Bund-Tsy spreads, the latter suggesting 1.05/06 is more "reasonable". “That said a run at 1...
EUR/USD Forecast: Cautious Ahead of ECB – Commerzbank and UOB EUR/USD has retreated to the 1.0970 region after being rejected once again from the critical area around 1.1050, where sits the key 200-day sma, all ahead of tomorrow’s ECB meeting...
EUR/JPY Deflates to Lows Near 123.50 The now offered tone around the European currency is dragging EUR/JPY lower on Wednesday, testing the area of daily lows in the mid-123.00s...
AUD: Consumer Sentiment Eased Back - TDS Research Team at TDS, notes that the Australia’s March consumer sentiment eased back to 99.1 after the inexplicable +4.2% to 101.3 in Feb. Key Quotes “A small fall was not a surprise, and 99.1 remains within the range of recent months...
AUD: Failing Fundamental Tests of Strength - ANZ Daniel Been, Senior FX Strategist at ANZ, suggests that the AUD has remained remarkably resilient which has driven the AUD back into territory that suggests it is overvalued...
USD/JPY Bulls Rescued by Stronger USD, Recovers to 112.70 Having bottomed out near 112.40 region, the USD/JPY pair almost reversed the entire slide seen post-Tokyo open and now aims to test 113 handle. USD/JPY finds support near Tuesday’s low The major once again attempts recovery from 112...
European Economics Preview: U.K. Industrial Output Data Due Industrial production from the U.K. is due on Wednesday headlining a light day for the European economic news. At 1.00 am ET, Statistics Estonia is slated to publish external trade data for January. The trade deficit widened to EUR 160...
FXWIREPRO: Risk Aversion Weighs on USD/JPY, Downside Likely to Test 112.30 Levels Worse-than expected Chinese trade figures and oil price sell-off continues to weigh on market sentiment. USD/JPY largely range-bound in the Asian session, after two consecutive day's of losses...