All Blogs
What COFER Data Imply for Chinese Reserves? - Nomura Research Team at Nomura, suggests that the inclusion of Chinese reserves data into COFER makes it difficult to follow what FX reserve managers are doing, while increasing expectations on the allocation of the Chinese reserves portfolio...
FXWIREPRO: AUD/USD Breaks Strong Trendline Resistance at 0.7595, Targets 0.77 Upbeat Australian confidence gauge buoys Aussie bulls, AUD/USD extends gains above the 0.76 handle...
FXWIREPRO: Indian Rupee Falls Ahead of CPI Data, Intraday Bias Remains Neutral USD/INR is currently trading at 66.43 marks. It made intraday high at 66.44 and low at 66.30 levels. Intraday bias remains neutral for the moment. A daily close below 66.48 will drag the parity down towards 66.32, 65...
Asian Markets Mix Again, Gold Remains supported Above $1250 Asian markets continue to trade on mix note without providing any directions for the short term. The USD/JPY was trading 0.23% higher at 108.18 on Tuesday morning in Tokyo, having fallen as low as 107...
FXWIREPRO: USD/JPY Rangebound, Remains Capped Below 5-Dma at 108.44 USD/JPY trades largely rangebound in the Asian session, with a high of 108.27 and a low of 107.87...
USD/JPY Recovery Remains Capped Near 108.30 The bulls struggle to take on the recovery from multi-month lows beyond 108.30 levels, despite rallying Japanese stocks, as a lack of fresh fundamental drivers dampen the sentiment around USD/JPY somewhat...
FXWIREPRO: ASX200 Struggles to Close Above 5000, Good to Sell on Rallies Major resistance -4975 (55 4H EMA) Major support 4900 ASX200 has slightly recovered after making a low of 4906. It is currently trading at 4960. Short term trend is slightly weak as long as resistance holds...
FXWIREPRO: Gold Breaks Key Resistance at $1252, Good to Buy on Dips XAU/USD is currently trading around $1254 mark. It made intraday high at $1259 and low at $1253 levels. Intraday bias remains bullish till the time pair holds key support at $1248 marks...
FXWIREPRO: Nikkei225 Recovers After Making a Low of 15500,good to Sell on Rallies Major Support - 15000 (200 W MA) Major resistance - 16050 (55 4H EMA) The index has slightly recovered after making a low of 15513. It is currently trading around 15920...
FXWIREPRO: Aussie Gains Sharply on the Back of Better Than expected Nab Business Confidence Data AUD/NZD is trading around 1.1093 marks. Pair made intraday high at 1.1103 and low at 1.1052 marks...
FXWIREPRO: USD/KRW Fails to Sustain Below Key Support at 1142, Likely to Stay Range Bound USD/KRW is currently trading around 1146 levels. It made intraday high at 1147 and low at 1141 levels. Intraday bias remains neutral for the moment...
FXWIREPRO: USD/JPY Hovers Around Key Resistance at 108.04, Intraday Bias Remains Slightly Bullish USD/JPY is currently trading around 108.17 marks. It made intraday high at 108.26 and low at 107.87 levels. Today Japan released bank lending data with negative numbers at 2.0% m/m vs 2...
Negative Interest Rate Economies: Spot the Odd One Out – Deutsche Bank Oliver Harvey,Macro strategist at Deutsche Bank, suggests that Central banks’ experiment with negative interest rates continues apace this year, with the BoJ the latest to have dipped a toe in the water and the ECB edging furt...
Gold Retreats From 3-Week Highs on Profit-Taking Gold failed to sustain at multi-week peaks and retraced a part of overnight gains in the mid-Asian trades, as a profit-taking spree hit the markets ahead of the Chinese data due tomorrow. Gold corrects lower in Asia Currently, gold trades -0...
JPY: Further Weakness in Inflation Forecasts – Nomura Yujiro Goto, Research Analyst at Nomura, suggests that the private forecasters continue to lower their Japanese inflation forecasts, according to the JCER survey (28 March to 4 April...
USD Longs Fall Sharply, Now the Market is Almost Flat – Deutsche Bank Research Team at Deutsche Bank, notes that the IMM data has confirmed that investors sharply reduced their long dollar exposure, taking implied USD longs as a fraction of open interest to 4% from 8% in the previous week...
AUD: BS Shows Significant Improvement in Business Conditions and Confidence - NAB Research Team at NAB, notes that the Australia’s NAB Business Survey revealed a significant improvement in both business conditions and confidence, suggesting the domestic business environment not only remains favou...
AUD/JPY Firmer, Pierces Through 82.50 Resistance The AUD/JPY cross remains strongly bid in the Asian trades, mainly driven by renewed strength in the AUD/USD pair after OZ business conditions hit 2008 highs last month. AUD/JPY at four-day high The AUD/JPY pair now jumps +0.70% to 82...
EUR/USD Better Bid Above 1.1400, Awaits Fresh Impetus The EUR/USD pair extends its overnight consolidative phase into mid-Asia, after having failed near 2016 highs in the last NY session, as bulls await fresh incentives in the day ahead for further upside...
