Roberto Jacobs / Blog
Daily Recommendations on Major EUR/USD DAILY MARKET OUTLOOK on Major EUR/USD 02 Jun 2016 01:17 GMT EUR/USD - 1.1188 Despite the single currency's fall to a fresh 2-month trough at 1.1098 on Monday, subsequent strong rebound suggests recent downtrend from May's peak at 1...
Can OPEC Surprise? – BBH Research Team at BBH, suggests that the OPEC ministers meet in Vienna today but the expectations could hardly be lower. Key Quotes “Attempts to agree on an output freeze were stymied by the Saudi's insistence that is rival Iran participates as well...
AUD/USD Fails to Hold Above 200-DMA, Dips to Wednesday’s Low The AUD/USD pair failed to resist above 200-DMA at 0.7266 and fell sharply lower over the last hour, as markets sold-off higher-yielding currencies amid escalating risk-off conditions. AUD/USD drops below 20-DMA at 0...
April Data: Australian Retail Sales Below Expectations, Trade Deficit Reduced Australia Retail Sales for April came at +0.2% m/m vs +0.3% exp, while Australia April trade balance saw the deficit shrink to 1.579mln vs 2100mln exp. Key points - retail sales The trend estimate rose 0...
Gold Regains 5-DMA in Asia, ECB in Focus Gold trades moderately higher in the Asian trades, underpinned by risk-off markets and a broadly lower US dollar, as we head towards the ECB policy decision on the interest rates. Gold eyes 100-DMA Currently, gold now trades +0.11% higher at 1214...
Nikkei 225: Selling Intensifies as Yen Sinks, Rest of Asia Lower The Japanese stocks dive deeper into the red, extending losses from opening trades, as demand for the yen remains on the rise amid intensifying risk-off sentiment, after the sales-tax hike delay news re-ignited concerns over the Jap...
AUD/JPY on Free--Fall, 'Risk-Off' Rules AUD/JPY extended its sell-off on Thursday, last paid at 78.70/80 session lows, as the Japanese Yen continues to appreciate further, benefited by the risk averse sentiment in the market place, with the Nikkei 225 falling over 2% by lunch break...
EUR/USD Storms Through 1.1200 ahead of ECB The EUR/USD pace consolidated the overnight rally and now pierces through the 1.1200 barrier amid fresh selling seen in the greenback against its major peers. EUR/USD takes-out 100-DMA at 1.1207 Currently, EUR/USD trades 0...
USD/JPY Bounces-Off a Dip Below 109.00 on BOJ’s Sato The USD/JPY pair witnessed some aggressive selling last minutes, after the yen regained poise on the back of optimistic remarks on the Japanese economic outlook from the BOJ board member Sato. USD/JPY breaches 50-DMA support at 109...
BOJ's Sato: Believes it's Unnecessary to Persist in Hitting 2 Pct Inflation Target at All Costs Bank of Japan policy board member Takehiro Sato is crossing the wires, speaking at a meeting with business leaders, noting that believes it's unnecessary to persist in hitting 2 pct inflation target at...