All Blogs
USD/JPY Still Vulnerable – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the door remains open for further downside below 111.97. Key Quotes “USD/JPY’s correction higher has failed at the top of a 6 week channel at 113...
EUR/GBP Hits Fresh 16-Month Highs on UK PMI The EUR/GBP cross caught a fresh bid tone following the release of worse-than expected UK manufacturing PMI report, which weighed on the British pound. EUR/GBP eyes 0.8000 Currently, the EUR/GBP pair trades 0.33% higher at fresh 16-month highs of 0...
GBP/USD Bullish Above 1.4270 – UOB In view of the research team at UOB Group, GBP/USD points to further gains while above 1.4270. Key Quotes “While the undertone for GBP remains positive as long as the 1.4250 support is intact, this pair has to break clearly above 1...
GBP/USD Weaker, Around 1.4340 on PMI The sterling is trading on a weaker note today, with GBP/USD hovering over the 1.4350/55 band. GBP/USD keeps the red on UK data The pair has posted losses in the last three sessions, coming back from recent highs in the 1...
UK Manufacturing PMI Stays Around 34-Month Low in March The seasonally adjusted Markit/CIPS Purchasing Managers’ Index (PMI) printed at 51.00 in March missing the estimate of 51.2, but bettering the Feb figure of 50.8. Key points The quarterly average stayed at a relatively subdued level of 51...
EUR/JPY Attempting Break Above 128.00 EUR/JPY cross recovered from the Asian session low of 127.43, and is now looking to take out offers around 128.00 handle amid stock market losses and upward revision of German and Eurozone PMI figures...
EUR/USD Forecast: it’s All about Payrolls – Dansk Bank and UOB EUR/USD remains in the upper-1.1300s during the European morning, easing some pips from yesterday’s multi-month tops above the 1.1400 handle. The research team at UOB Group has suggested “The break above the major 1...
Upbeat PMIs is Welcome News for EUR/GBP Upbeat German and Eurozone PMI figure released today could only add to bullish tone around EUR/GBP, which is eyeing fresh 12-month high on cable weakness...
FXWIREPRO: Chinese Yuan Falls Despite Better Than Expected Manufacturing PMI Data USD/CNY is currently trading around 6.4634 levels. It made intraday high at 6.4649 and low at 6.4538 levels. The Chinese Manufacturing Purchasing Managers' Index rose from 49.0 in February to nine-month high of 50...
Brexit: How the BoE Would Respond – Goldman Sachs Andrew Benito, Research Analyst at Goldman Sachs, suggests that while they expect the UK to vote to remain in the EU in the n June 23 referendum, they address how the BoE would respond to a surprise vote to leave the EU...
US: Trading Payrolls – Deutsche Bank Alan Ruskin, Macro Strategist at Deutsche Bank, suggests that after the Yellen speech largely ruled out an April hike, there is an asymmetric bias toward risk positive, USD negative data...
CAD: What to Look for in the BoC's Business Outlook Survey - TDS David Tulk, Head of Global Macro Strategy at TDS, suggests that the BOS is an important input into the Bank's interest rate deliberations and we look to the April survey to gauge the durability of the recent rebound in economic data...
European Stocks Drop ahead of US Payrolls Release Stock markets across Europe took cues from losses in Nikkei and other Asian indices and fell ahead of the non-farm payrolls data release in the US. At the time of writing, Stoxx 50 index was down almost 2...
EM Assets Remain Well Supported – Deutsche Bank Research Team at Deutsche Bank, suggests that the removal of the risk of a front-loaded cycle in the US continued to spill over across FX and local curves – with the exception of Brazil, on more hawkish Central Bank statements...
EUR/USD Faces Strong Resistance Around 1.14375, Market Awaits NFP Data for Further Direction Candlestick Pattern- Shooting Star Major resistance -1.4375 The pair has made a high of 1.4117 and slightly retreated from that level. It is currently trading around 1.13802...
Asia Roundup: Asian Markets End Lower ahead of NFP Data, Oil Slides While Gold supported Above $1230 - Friday, April 1st Market Roundup China March Official Manufacturing PMI at 50.2 (Reuters Poll 49.3) Vs 49.0 in February. China March Official Services PMI Rises to 53.8 Vs February 52.7...
FXWIREPRO: NZD/USD Struggles at 0.69 Handle, Slips from Day's Highs at 0.6937 NZD/USD pair is extending its struggle with 0.69 handle into early European trades. Upbeat China PMI reports failed to provide a lift to the sentiment around the bird. NZD/USD was rejected at day's high by 0...
Sweden Manufacturing Growth Exceeds Forecast Sweden's manufacturing growth improved at a faster-than-expected pace in March, data from the Swedbank and the Swedish National Association of Purchasing & Logistics revealed Friday. The Purchasing Managers' Index, or PMI, rose to 53...
Commodity Currencies Slide Amid Risk Aversion Commodity currencies such as the Australian, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Friday amid risk aversion, despite better-than-expected Chinese manufacturing surveys, as investors...
