Roberto Jacobs / Blog
FxWirePro: AUD/JPY Edges Higher from 6-Month Lows at 79.53, Bias Lower The pair is seeing a double whammy after BoJ surprised markets last week with inaction. AUD/JPY hit fresh 6-month lows at 79.53 on Tuesday's trade and has pare some losses to currently trade at 79.90 levels...
S&P500 Breaks Major Support 2050, Targets 2023/2000 Major support - 2050 Major Intraday resistance - 2070 Short term trend reversal Level- 2085 The index has broken major support 2050 and declined till 2046.6 at the time of writing. It is currently trading around 2047...
USD/CHF Could be Eyeing to Reclaim 0.9600 Mark The USD/CHF pair managed to build on Tuesday's recovery from multi-month lower levels and is now holding 0.9550 level. Although the pair has cooled off a bit from day's peak of 0.9575 it is still trading with some marginal gains...
Potential for a Test of 94-95 in DXY – Westpac In view of strategists at Westpac, the greenback – tracked by the US Dollar Index (DXY) – could squeeze higher toward the 94-95 area...
US ADP: What to Expect of USD/JPY? The US publishes its ADP Employment Change report later in the European afternoon, with market consensus expecting the US private sector to remain in a healthy form and add near 200K jobs during April, all ahead of the critical Non-farm Payrolls due on Friday...
US: Recession Fears Resurface - ING Research Team at ING, suggests that the further decline in US GDP growth in 1Q16 could resurrect thoughts of a US hard landing – the evidence is still mixed, but warning signs are mounting...
RBA: Further Rate Cut is Likely – Goldman Sachs Research Team at Goldman Sachs, notes that the RBA cut the cash rate by 25bps to a record low of 1.75% at its May meeting, on the 1 year anniversary of its last rate cut...
EUR/USD Attempts to Clinch 1.1500 Ahead of ADP The single currency seems to be gathering some traction ahead of the NA session today, now lifting EUR/USD to test the 1.1500 neighbourhood. EUR/USD almost unchanged pre-ADP After briefly testing lows near 1...
Gold Slides Further Below $1280 Ahead of ADP Report After failing to sustain above $1300 mark, Gold bulls continue to lose grip as the precious metal extends its slide below $1280 level...