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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...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 10:13
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...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 10:10
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...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 10:07
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...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 10:03 #Goldman Sachs
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...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 10:01
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...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 09:59
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...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 09:56
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...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 09:53
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...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 09:49
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...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 09:45
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...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 09:32 #nzdusd
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...
Market News
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Roberto Jacobs, 1 April 2016, 09:29
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...
Market News
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Roberto Jacobs, 1 April 2016, 09:26
Russian Manufacturing Sector Contracts For Fourth Month Russia's manufacturing activity deteriorated for the fourth consecutive month in March, survey figures from Markit Economics showed Friday. The seasonally adjusted Purchasing Managers' Index, or PMI, dropped to 48.3 in March from 49...
Market News
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Roberto Jacobs, 1 April 2016, 09:24
Emerging Market Crisis Series: Major Shift in Gear After suffering since 2013 and more so at the start of the year, emerging market currencies had their best month since at least 1998 according to Bloomberg’s calculations...
Market News
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Roberto Jacobs, 1 April 2016, 09:22
Japanese Long Term Debt Climbs on Weak BoJ's Q1 Tankan Report The Japanese long term debt rallied on Friday after the Bank of Japan's quarterly Tankan report disappointed market as it will put more pressure on policymakers to unleash another round of stimulus in the upcoming policy meet...
Market News
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Roberto Jacobs, 1 April 2016, 09:19
UK Manufacturing PMI Preview: What to Expect of GBP/USD? UK March manufacturing PMI figure is due for release today and the consensus estimate is calling for a slight improvement to 51.2 from Feb figure of 50.8. Trapped between key Fibo levels Having recovered from 1.4330 (23.6% of 1.5930 – 1...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 09:15
US March NFP Preview: Downside Miss Expected – TDS Research Team at TDS, suggests that the March has a tendency to be a weaker month for nonfarm payrolls, as the creation of an average of 150K jobs over the last five years falls well short of the 200K+ average in both February and April...
Market News
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Roberto Jacobs, 1 April 2016, 09:13
AUD/JPY Taking on the Recovery above 86 Handle A classic risk-off theme extends into early Europe, with AUD/JPY bearing the brunt of a global sell-off on the final trading day of the week. AUD/JPY struggles to take-out 1h 50-SMA at 86.18 The AUD/JPY pair now drops -0.15% to 86...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 09:10
USD/JPY Recovery Falters Once Again Near 112.40 The USD/JPY pair is seen wavering back and forth in a narrow range, struggling with the recovery from just ahead of 112 handle...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 09:08