Roberto Jacobs / Blog
China Caixin Services PMI: Growth Softens Slightly in April China Caixin April services PMI came at 51.8 vs 52.6 expected and 52.2 last, which represents a second consecutive month of expansion. Meanwhile, the composite reading stood at 50.8, down from 51.3...
Australia's March Retail Sales Solid, Trade Balance Deficit Shrinks Australia's March retail sales came at 0.4% m/m vs 0.3% expected and 0% last, while the trade balance printed -2,163M vs -2,900M expected and -3,410M last. KEY POINTS Retail sales - current prices The trend estimate rose 0...
USD/JPY: Bulls Fighting Back for 107 Handle Its been a vacant week in Tokyo with national holidays, but that has not meant USD/JPY was out on holiday, far from it...
Nonfarm Payrolls - "Fuhgeddabouit" ! It is that time again - Nonfarm Payrolls. However, I really do not understand the Fed's nor the market's thinking. I am now ignoring the jobs data nor will I use it as a benchmark on the economy, no matter how much emphasis the Fed put on it...
Commodities: Mixed/Bearish Price Action - ANZ Analysts at ANZ noted the action in the commodities sector. Key Quotes: "Precious metals were lower. A slightly stronger USD saw gold edge lower, although investor interest remains strong...
USD/CHF: Starting a Recovery? The US dollar started yesterday to rise against the Swiss Franc after hitting mutli-month lows. The rebound so far looks like a correction, but some signals and short-term formations suggest that a bottom might be in place. USD/CHF again rejected from below 0...
Brent: Strong Support Level of 44.00. Technical Analysis of 04.05.2016. Review and dynamics Despite sharp decline, which started since the beginning of the month, the price of crude oil Brent remains in the upward channel with the upper limit above the level of 48.40 USD...
Brent: The Price is Under Pressure Again. Fundamental Analysis of 04.05.2016. Oil prices have been declining for the third consecutive session amid expectations that US oil inventories will again reach the record highs...
XAU/USD: Pullback from the Level of 1300.00. Technical Analysis of 04.05.2016. Review and dynamics On Monday, the price of gold broke out the level of 1300.00, reaching annual highs. However, closing price was lower than the opening price...