Roberto Jacobs / Blog
FxWirePro: NZD/USD Recovers from Session Lows at 0.6746, Good to Buy Breakout Above 0.6770 Kiwi hammered earlier on the day on account of poor Chinese data, Chinese retail sales, industrial output and fixed asset investment data came in below estimates...
Gold: Looks For Directional Bias GOLD: Though vulnerable to the downside on correction, the commodity is now looking for directional bias on the daily chart. On the downside, support comes in at the 1,260.00 level where a break will turn attention to the 1,250.00 level...
GBPJPY: Risk Remains Lower Medium Term GBPJPY: The cross continues to face downside pressure as we enter a new week. On the downside, support comes in at the 155.00 level where a violation will aim at the 154.00 level. A break below here will target the 153.00 level followed by the 152.00 level...
EURUSD – A Look at the Big Picture for Euro Key Highlights Euro looks like trading inside a monster ascending channel formed on the daily chart vs the US Dollar...
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...