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All posts by Matias Salord

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USD/JPY drops below 109.00 on risk aversion

JPY gains momentum on risk aversion.  Wall Street heads for another decline.  USD/JPY approaches weekly lows.  The USD/JPY pair bounced to the downside during the American session amid risk aversion. It broke below 109.00 and fell to 108.56, reaching the lowest since Tuesday. From the

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Canada: Housing starts barely budged in January – NBF

According to National Bank of Canada’s analysts, Jocelyn Paquet, today’s numbers of the Canadian Housing starts report barely budged in January but still managed to top expectations.  Key Quotes: “Housing starts edged down marginally in January to an annualized 216.2K. Urban starts were up just

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Russia: Central bank to cut key rate – Rabobank

According to analysts from Rabobank, the Bank of Russia is set to cut the key interest rate at the next meeting as inflation continues to decelerate. They see reasons to be optimistic that once President Putin gets re-elected in March, he will intensify efforts on

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EUR/USD rebounds but again fails near 1.2300

Spot recovery limited as USD slide hits support.  US yields at multi-year highs and US stocks down more than 1%.  After the beginning of the US session, the greenback lost strength across the board and favored the rebound in EUR/USD . The pair bottomed earlier

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RBNZ keeps rate unchanged as expected at 1.75%

The Reserve Bank of New Zealand (RBNZ) left the Official Cash Rate (OCR) unchanged at 1.75 percent. It also released the quarterly Monetary Policy Statement.  The RBNZ maintained its forecast for rates to rise in Q2 2019. They see that numerous uncertainties remain in place.