Roberto Jacobs / Blog
FxWirePro: Singapore Dollar Hits Fresh Monthly Low Against US Dollar, Intraday Bias Remains Neutral USD/SGD is currently trading around 1.3714 marks. It made intraday high at 1.3729 and low at 1.3703 levels. Intraday bias remains neutral for the moment. A sustained close above 1...
ASX200 Trades Well Above 5300, Jump Till 5380/5420 Is Possible Major resistance - 5375 Major Support - 5200 ASX200 pares early losses today morning after making a low of 5286 at the time of writing.It is currently trading at 5333. Short term trend is slightly bullish as long as support 5250 holds...
China: Steel’s Recent Resurgence Risks Derailing Industry Reform - NAB Gerard Burg, Senior Economist at NAB, suggests that a credit-fuelled rebound in China’s construction activity has breathed new life into the country’s beleaguered steel industry...
China: No Support for Growth by Adding Leverage - Nomura Research Team at Nomura, notes that according to yesterday’s official People’s Daily, an “authoritative” person who was not identified indicated that China should not support growth by adding leverage...
AUD/USD Building on China CPI-Led Gains, Eyes 100-DMA The bid tone around the AUD keeps growing bigger as we head towards the late-Asian trades, now taking AUD/USD closer towards 100-DMA located at 0.7348. AUD/USD extends higher from 0.7320 Currently, the AUD/USD pair rises 0...
Gold Attempts Recovery from 9-Day Lows, Near $ 1265 The yellow metal stalled its recent selling spiral and now swings back on the bids, staging a minor pullback from nine-month troughs as the USD buying eased this Tuesday. Gold holds above $ 1260 Currently, gold trades modestly flat at 1265...
Nikkei Jumps on Weaker Yen, Rest of Asia Wobble Post China CPI Following the release of in-line with expectations Chinese inflation report, risk sentiment somewhat improved across the Asian markets, with the Japanese stocks rebounding sharply on yen’s relative weakness...
USD/JPY Hits New Weekly Highs, 109.00 Eyed USD/JPY continues its relentless move north, now breaking above yesterday's high at 108.60, resulting on new highs reached at 108.78, as the Nikkei 225 soars, last +1.43...
NZD/USD Fresh Bids Emerge Near 100-DMA on China Data The bears took a breather from their downward spiral following the release of a touch better Chinese CPI and PPI figures, now allowing a tepid-bounce from two-month troughs. NZD/USD holds above 100-DMA support at 0...