Roberto Jacobs / Blog
Fed: What is Needed to Secure Another Rate Hike? - ING James Smith, Economist at ING, suggests that the key to the next FOMC rate hike now lies with a pick-up in US activity data. Key Quotes “Three conditions needed to secure another rate hike from the Fed...
EUR/USD: Offered Near 50-DMA, but Keeps 1.1300 The overnight recovery in EUR/USD failed once again near 1.1320 region in early dealings, sending the major back near 1.13 handle, where it spent last few hours consolidating...
China: Construction Activity Continued Ramp up in April - NAB Gerard Burg, Senior Economist at ING, suggests that Chinese construction activity continued ramp up in April, but he is concerned about the sustainability of growth...
US Retail Sales Bounces Back but More is Required for a Rate Hike - ING James Knightley, Research Analyst at ING, notes that the US retail sales for April were up 1.3%MoM, above the 0.8% consensus while the “control group” which strips out some of the most volatile components reported growth of 0...
Asian Markets Start a New Week on the Positive Note, Gold Finds Support Above $1270 All the major Asian indices are trading on a positive note on Monday. Gold remains well supported above $1270 marks and hovers around key resistance at $1277...
USD/JPY: Bulls Testing 109 Handle as Risk Sentiment Recovers The offered tone around the JPY gathered pace in the mid-Asian session, now pushing USD/JPY further into the positive territory just a thread-line short of 109 handle...
FxWirePro: ASX200 Faces Strong Support at 5300, Good to Buy at Dips Major resistance - 5380 Major Support - 5307 (10 day EMA) ASX200 pares early losses made today and slightly jumped till 5372 at the time of writing. It is currently trading at 5368...
FxWirePro: Nikkei225 Faces Strong Support at 16300, Good to Buy at Dips Major resistance - 16985 (100 day EMA) Major support - 16425 (10 day EMA) Nikkei index has declined yesterday after making a high of 16805 at the time of writing.It is currently trading around 16459...
FxWirePro: USD/SGD Almost Flat in Early Asia, Upside Limited USD/SGD is currently trading around 1.3718 marks. It made intraday high at 1.3740 and low at 1.3715 levels. Intraday bias remains neutral till the time pair holds key support at 1.3723. A sustained close above 1...