Roberto Jacobs / Blog
AUD/USD Clings to Gains Around 0.7250 AUD/USD broke above the 200-day SMA and climbed to fresh 2-week highs before finding resistance, with the Aussie among the best performers in the FX space. AUD/USD stretched to its highest level since May 18 at 0...
USD/CAD Outlook Remains Bullish – Scotiabank Eric Theoret, FX Strategist at Scotiabank, has reiterated the bullish perspective for the pair in the short term. Key Quotes “We remain CAD bears on the basis of relative policy and look to a renewed widening in U.S.- Canada yield spreads”...
No Major Surprises Expected from OPEC Meeting A meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna is scheduled on June 2nd. Chinese manufacturing data ahead of OPEC meet to remain a key driver for oil prices...
USD/CAD Inter-Markets: Further Rangebound Likely USD/CAD is prolonging its current sideline theme in the mid-1.3000s following below-expectations results from the Canadian GDP figures during the first quarter, while US data releases have somewhat added to recent positive results in the US economy...
Has ECB s Easing Stimulated Inflation? EUR/AUD Puzzles Between ECB and RBA Due today, money supply growth in the euro area probably will have quickened to 5...
USD/JPY Forecast: Ranging Ahead of ECB and NFP USD/JPY Current price: 111.16 Ranging ahead of ECB and NFP. The USD/JPY pair fell down to 110.81 at the beginning of the day, but quickly recovered ground although remained contained below the 100 DMA and yesterday's high of 111.44...
USD/JPY Treading Water Above 111.00 The greenback keeps the positive note vs. its Japanese counterpart on Tuesday, with USD/JPY hovering over the 111.20/15 band in the wake of US releases...
Waiting for the Dollar to Take Off Outlook: It was a holiday in the UK and US yesterday but the rest of the week is packed. The ECB holds a policy meeting on Thursday and we get a Draghi press conference, but the US payrolls report the next day is probably still the big event...
USD/JPY Losing Momentum USD is losing momentum due to end of month profit taking, NFP on Friday so positions may be squared. Additionally,equities are a resistance and that is important for JPY pairs, namely USD/JPY which correlates to NIKKEI, DAX and SP500...