Roberto Jacobs / Blog
US: Mixed Economic Releases - ANZ Research Team at ANZ, notes that the US Philadelphia reversed most of the improvement in March, falling from 12.4 to -1.6 in April. Key Quotes “There was a sharp fall in new orders (0 vs 15.7), employment (-18.5 vs -1.1), and shipments (-10.8 vs 22.1...
EUR: Downside Risk for Flash April PMIs - TDS Research Team at TDS, sees downside risk for flash April PMIs, with no change in both the French Services and German Manufacturing PMIs, against market consensus for upticks in both...
FxWirePro: Indian Rupee Opens Higher at 66.50 Against US Dollar, Intraday Bias Remains Bullish USD/INR is currently trading at 66.52 marks It made intraday high at 66.56 and low at 66.47 levels. Intraday bias remains bullish till the time pair holds key support at 66.32 marks...
FxWirePro: USD/JPY Trades Narrow Range, Capped Below Strong Trendline Resistance at 109.90 US data overnight was mixed, with jobless claims dropping below 250k (one would have to go back to 1973 to find a lower print), but the Philadelphia Fed was back in negative territory...
FxWirePro: USD/SGD Hovers Around Key Resistance at 1.3489, Intraday Bias Remains Neutral USD/SGD is currently trading around 1.3485 marks. It made intraday high at 1.3501 and low at 1.3469 levels. Intraday bias remains neutral till the time pair holds initial resistance at 1.3489 levels...
EUR/JPY: Vulnerable To The Downside With Eyes On Key Support EURJPY: Having the cross closed lower after losing all of its intraday gains on Thursday, further weakness is now envisaged. Support comes in at the 123.00 level where a break will aim at the 122.50 level...
EUR/JPY Tests 125 on BOJ News, Then Retreats The cross in the EUR/JPY reversed losses and spiked almost 50-pips to the north after the yen slumped on the news that BOJ is reported to discuss negative-rates with banks. EUR/JPY fades a knee-jerk spike The EUR/JPY pair now rises 0.53% to 124...
GBP/USD: Sterling Rallied to a Fresh 3-Week High Against the Greenback EUR/USD The main market focus and driver this Thursday, was the ECB and its economic policy meeting, and as expected, the European Central Bank did not announce any new measures, centering on the implementation of the batch of...
USD/JPY Rebounds Sharply Above 110 on BOJ Headlines The USD/JPY pair witnessed a sharp 80-pips rally above 110 barrier in a knee-jerk reaction to the latest BOJ headlines on negative interest rates, as reported by Bloomberg. USD/JPY found support near 109...