Roberto Jacobs / Blog
USDCAD to Move Over 1.33 as We Approach Next Year David Tulk, Chief Canada Macro Strategist at Toronto Dominion Bank, on Canadian economy On May 6, the Bank of Montreal lowered Canada's growth forecasts for the Q2 from 1.5% to zero, due to the Fort McMurray wildfires...
Daily Forex Fundamental Overview Fundamental Analysis EUR "Manufacturing in the euro area remained stuck in a state of near stagnation, failing to break out of the slow growth phase that has plagued producers since February". - Chris Williams, Markit's chief economist...
CAD: Currency Index & Volatility Relative Currency Strength While remaining in a fairly narrow range, the observed indexes still managed to show some impressively sharp moves in the past five trading days...
USD Stays in the Defensive Despite Decent ISM On Wednesday, risk sentiment deteriorated in Europe. Mediocre Chinese data, a poor OECD outlook and rising Brexit tensions weighed on global sentiment...
Gold Attempting a Move Back to 100-DMA Near $1220 Gold maintained its bid tone on Wednesday and is inching back towards 100-day SMA to currently trade near $1217 level market participants brace for a substantial increase in volatility heading into the ECB monetary policy decision on Thursday and...
EUR/GBP Expected to Gain Further Traction – Danske Bank Jens Sorensen, Chief Analyst at Danske Bank, sees the European cross edging higher in the next weeks. Key Quotes “GBP suffered further yesterday and EUR/GBP rose to 0.7750 as Brexit concerns have reappeared in the financial markets”...
ECB Preview: Time to Stay Put – Danske Bank Senior Analyst, Pernille Bomholdt Henneberg at Danske Bank, expects the ECB to maintain its patient stance at the meeting today and not send any new signals about more easing...
GBP/USD Clinches Highs Near 1.4450 The sterling met some buying pressure early in Europe today, lifting GBP/USD to the mid-1.4400s, or dailyhighs...
FxWirePro: Possible 'Bearish Cypher' on NZD/USD Dailies New Zealand economy is looking solid and yesterday terms of trade saw a 4.4% rise, which is one of many “fundamentals”. RBNZ’s meeting next week (which will be accompanied by a full Monetary Policy Statement) is a major event risk...