Roberto Jacobs / Blog
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with high risks associated. Data released so far – Australia – TD securities inflation grew 1.5% y/y in April, slower than 1.7% registered in March...
GBP/USD Supported at 1.4600 Amid Holiday-Thinned Trades The GBP/USD pair found renewed bids just ahead of 1.46 handle and now takes on the recovery towards daily highs amid a lack of fresh fundamental drivers as the UK markets remain closed today in observance of May Day...
AUD: NAB Business Survey Point to a Very Favourable Business Environment - NAB Research Team at NAB, notes that the NAB Business Survey continues to point to a very favourable business environment for Australian firms, despite giving up some of the strong gains witnessed in last month’s survey...
FxWirePro: USD/INR Breaks Key Support at 66.32, Good to Sell on Rallies USD/INR is currently trading at 66.32 marks. It made intraday high at 66.41 and low at 66.32 levels. Intraday bias remains bearish for the moment. A daily close below 66.32 will take the parity down around key supports at 66...
FxWirePro: USD/JPY Recovers Slightly from Fresh 18-Month Lows at 106.13, Good to Sell Rallies JPY bulls took a breather from their recent upsurge, USD/JPY is attempting a slight recovery from fresh 18-month lows at 106.13...
CAD: Canadian Dollar Flying High – BBH Research Team at BBH, suggests that the rising oil prices, a stand pat Fed with diminished chances of a Canadian rate cut, and a Bank of Canada that has not objected to the strength of the Canadian dollar has seen the Loonie's gains extended...
Leveraged Funds Increased AUD Net Longs - Westpac Research Team at Westpac, notes that the CFTC’s Commitment of Traders report showed that speculators were very much positioned the wrong way on the eve of Australia’s stunning inflation data...
Easing of Brexit Fears Helping in Sterling’s Surge - BBH Research Team at BBH, suggests that the broad dollar weakness and some apparently easing of Brexit fears helped lift sterling to two-month highs near $1.4665...
Gold: Remains On The Offensive Short Term GOLD: The commodity continues to face price offensive leaving risk higher in the days ahead. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level...