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...
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...
Oro (in USD) L'oro si sta deprezzando all'interno di un canale ribassista. Supporto posizionato a 1208 (28/03/2016). Resistenza individuata a 1260 (22/03/2016 max). In caso di rottura ribassista del livello 1182 (08/02/2016 min) il trend di fondo verrebbe ripristinato. Oro...
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...
Canada’s economy expanded for the fourth consecutive month in January. The economy grew 0.6%, strongest monthly expansion since July 2013. Both services and goods drove the economic growth. Good producing industries performed the strongest, growing 1...
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...
All the major Asian markets are trading in red as market await NFP job results. In addition, Gold remains supported around $1230 mark. Japanese Yen continues to add strength against US dollar despite lower than expected Tankan manufacturing index...
There has been a recent pickup in announced job cutting plans, as companies broadly lowered their outlooks for sales and earnings growth this year, but for now the pace of firings continues to run at historically low levels...
Treasuries posted a substantial belly-led rally Thursday, as more modest gains of 2 to 3 bp along the curve through most of the day accelerated after 2:30 into month/quarter/Japanese fiscal year end, leaving yields down as much as 5 bp at 3:00 and a bit more in late trading...
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...
Initially reading that China's PMI beat market expectations may make you assume that risk should be performing well today, but the new quarter appears to have got off to a weak start, dragged down by the Nikkei falling almost 3.5%. Let's take stock of the facts...
