Roberto Jacobs / Blog
Yen Longs Heavily Extended, AUD Longs Pared – Deutsche Bank Nicholas Weng, Strategist at Deutsche Bank, lists down the CORAX Positioning Data from 03-May-2016. Key Quotes “Yen longs heavily extended after BoJ inaction, AUD longs pared...
FxWirePro: USD/JPY Trades a Narrow Range, Holds Gains Above the 107 Handle USD/JPY has been trading a thin range in the Asian session, with day's highs at 107.20 and lows at 106.88. The pair has been recovering from fresh 18-month lows at 105.54 (3rd May), but upside lacks momentum...
FxWirePro: EUR/JPY Takes Support at Channel Base, Wait for Break Above Resistance at 123.1134 The pair has been bouncing from last 3-4 days after testing supports at 121.680. Upswings favoured by momentum that signalled by leading oscillators, but longs accepted only above resistance at 123...
GBP/USD Corrects Higher Above 1.4500 Ahead of UK PMI The bears appear to face exhaustion after the recent extensive declines, allowing GBP/USD to stage a minor corrective rally above 1.45 handle, as focus now remains on the UK services PMI...
Banxico Preview: No Reason Now – Rabobank Christian Lawrence, Senior Market Strategist at Rabobank, suggests that when Banxico moved between meetings, price action was in a very different place to where it is now...
The CAD that Could...Can’t Anymore - TDS Mazen Issa, Senior FX Strategist at TDS, suggests that not too long ago, they advocated that USD/CAD upside was beginning to look more attractive and cautioned, however, that patience would be required amidst a very complex backdrop in FX...
EUR Finds Support from Cyclical Growth Improvement – ANZ Brian Martin, Research Analyst at ANZ, suggests that the 0.6% q/q rise in Eurozone’s Q1 real GDP has raised expectations that ECB stimulus may finally be raising the pace of growth...
EUR/USD Turns Negative Near 1.1480 Amid Light Trading The EUR/USD pair gradually extends to the downside during the mid-Asian trades, moving slightly away from 1.15 barrier, as sentiment remains mixed in Asia amid negative equities and a broadly muted US dollar. EUR/USD capped below 1...
Asian Markets Continue to Trade Lower, Gold Hovers Around $1280 Major Asian indices are trading on a lower note on Thursday after US reported lower than expected ADP job data. US ADP employment change fell to 156,000 m/m vs 194,000 jobs m/m previous release...