Roberto Jacobs / Blog
FxWirePro: USD/KRW Hovers Around Key Resistance at 1153, Intraday Bias Remains Neutral USD/KRW is currently trading around 1154 levels. It made intraday high at 1154 and low at 1150 levels. Intraday bias remains neutral till the time pair holds key resistance at 1153 levels...
AUD/NZD Bears Remain in Control, Tgt YTD Low 1.0539 AUD/NZD bears remain in control, despite the GTD price index shocker and the RBA rate cut, that was only 40% priced in continues to drive the cross off a cliff. AUD/NZD was at 1.1250 just last week and we have made recent lows of 1...
Yen is Top Performer for 2016 So Far - Nomura Analysts at Nomura explained that the Japanese yen (JPY) is the top-performing currency year-to-date...
AUD/USD: Only 40% of the RBA was Priced in - Westpac Analysts at Westpac noted that AUD/USD was 0.7710 ahead of the RBA’s rate cut which was only 40% priced in, so fell steeply to around 0.7560 in the Sydney afternoon. Key Quotes: "The Aussie attempted a rally in the London morning to around 0...
Key Events in the U.S. - Nomura Analysts at Nomura offered a preview of U.S. data events. Key Quotes: "ADP employment: In line with our forecast for BLS private nonfarm payrolls, we forecast that ADP private employment gained an additional 200k jobs in April (Consensus: 195k...
AUD/JPY: Downside Targets 2016 Lows 77.56 AUD/JPY is back on to the 80 handle with a pick-up in USD/JPY with the cross reaching a high of 80.37 while intra-session highs were recorded at 80.57 on the post-RBA cut, yet short-lived, re-bound...
Key Events: Awaiting U.S. Open - Westpac Analysts at Westpac noted that the Asian data calendar is light. Key Quotes: "Indonesia Q1 GDP is expected to be stable at 5.1% y/y...
NZD/USD Slightly Bid on Best Q1 Jobs Since 2004 NZD/USD is mixed on a mixed jobs data release, with an initial offer, but now securing a bid on pre-announcement levels. The unemployment rate increased to 5.7% vs 5.5% expected while average hourly earnings were lower than expected...
USD/JPY: Intervention on its Way, but How? Market Eyes 103.80 USD/JPY shot up earlier in a freak move with little substance behind it in thin trade. 107 was popped but only momentarily...