Roberto Jacobs / Blog
CHF: Swiss Reserves are Not What They Seem - BBH Research Team at BBH, suggests that the news that Switzerland's reserve rose to a new record high of CHF602.1 bln in May from CHF587.9 bln in April spurred talk that the SNB has been intervening covertly...
Long EUR/USD at 1.1358 - Westpac Research Team at Westpac, suggests that to go long in a EUR/USD at 1.1358 while maintaining a stop of 1.1240. Key Quotes “Softer US retail sales could weigh on the USD while the FOMC is likely at best neutral if not negative for the USD too...
FxWirePro: Go Long on XAU/USD Only Above $1,248 With Stop Loss at $1,238 and Target of $1,268 XAU/USD is currently trading around $1247 marks. It made intraday high at $1242 and low at $1249 marks. Intraday bias remains bullish till the time pair holds key support at $1232 marks...
Asian Markets in Red, Gold Hovers Around Key Resistance at $1248 All the major Asian indices are trading on a lower note on Wednesday but on the other side, Gold gains in early hours and trading around key resistance at $1248 marks...
NZD/USD Turns Positive on China Trade, Nears 0.7000 Having bottomed out at 0.6946 levels in early Asia, the NZD/USD pair takes on the recovery towards 0.70 handle, running though fresh bids on the release of Chinese trade data...
AUD/USD: Bulls Rescued by Upbeat China Imports, Regains 0.7450 The AUD/USD pair caught a fresh bid tone and trimmed losses to retest five-week highs, following the release of positive Chinese imports and exports data. AUD/USD rises above 50-DMA at 0...
China Trade Surplus for May Narrower-Than-Expected China trade balance (USD) for the month of May came in at 49,98B vs 55.70B expected and 45.56B last, with exports (YoY) (in USD terms) stood at -4.1% vs -4% epected and -1.80% last, while imports (YoY) were -0.4% vs. -6.80% exp and -10.90% last...
USDJPY: Puts In Temporary Bottom, Eyes More Recovery USDJPY: With USDJPY halting its weakness to close higher on Monday and seen following through during Tuesday trading session, price extension is envisaged. On the downside, support comes in at the 107...
CAD: Downside Risks Remain Firmly in Place – RBC CM Research Team at RBC Capital Markets, suggests that the downside risks remain firmly in place for USD/CAD technically as crude oil is propelled higher off of uptrend support at 48.55. Key Quotes “With support at 1...