Roberto Jacobs / Blog
USD/JPY Poised for Further Rangebound – UOB Further consolidative range is seen in USD/JPY in the next 1-3 weeks, according to analysts at UOB Group. Key Quotes “As expected, USD extended its gain but held below last week’s peak of 109.72 (high of 109.49...
EUR/USD Challenges Highs Near 1.1380 The common currency remains on a firm footing on Wednesday, with EUR/USD showing strength near the 1.1380 region, or daily peaks...
S&P 500 Futures Recover to Reclaim 2100 Mark Spoofed by drop in crude oil prices and a slump in Chinese stock market, broader US equity indices futures were trading lower before recovering, pointing to a higher open on Wednesday...
China: Property Prices Momentum Building - Westpac Elliot Clarke, Research Analyst at Westpac, suggests that according to the Chinese 70 city property prices for March 2016, momentum is building within each tier; but Tier 1 gains still highly disproportionate...
USD/TRY Testing 2.80 on CBRT Decision The Turkish Lira is sharply appreciating vs. the greenback today, now dragging USD/TRY to multi-day lows around 2.80...
FxWirePro: AUD/JPY Rejected at Session Lows, Finds Strong Support at 84.60 AUD/JPY finds strong support by 5-DMA at 84.60, pair has held support and edged higher to currently trade at 85.28. Technicals on daily charts point to furher gains. Pair on track to test next hurdle at 85...
Eurozone: Light on Action, Heavy on Words - ING Carsten Brzeski, Chief Economist at ING, suggests that after months of excitement and two new attempts by the ECB to revive the Eurozone economy, tomorrow’s ECB meeting should be light on new action...
USD/CAD Further Pullbacks Expected – Westpac Strategists at Westpac believe the pair is headed towards lower levels in the next months. Key Quotes “Weakness in USD/CAD has further to go, a potentially higher March CPI next week thanks to stronger energy prices may well be a catalyst”...
JPY: Trade Surplus Widens to JPY276.5bn in March – Deutsche Bank Research Team at Deutsche Bank, notes that in nominal terms Japanese exports fell 6.8% yoy and imports fell 14.9% yoy. Key Quotes “In volume terms exports fell 1.0% yoy (versus 0.2% yoy in February) whilst import volumes rose 5...