Roberto Jacobs / Blog
What COFER Data Imply for Chinese Reserves? - Nomura Research Team at Nomura, suggests that the inclusion of Chinese reserves data into COFER makes it difficult to follow what FX reserve managers are doing, while increasing expectations on the allocation of the Chinese reserves portfolio...
FXWIREPRO: AUD/USD Breaks Strong Trendline Resistance at 0.7595, Targets 0.77 Upbeat Australian confidence gauge buoys Aussie bulls, AUD/USD extends gains above the 0.76 handle...
FXWIREPRO: Indian Rupee Falls Ahead of CPI Data, Intraday Bias Remains Neutral USD/INR is currently trading at 66.43 marks. It made intraday high at 66.44 and low at 66.30 levels. Intraday bias remains neutral for the moment. A daily close below 66.48 will drag the parity down towards 66.32, 65...
Asian Markets Mix Again, Gold Remains supported Above $1250 Asian markets continue to trade on mix note without providing any directions for the short term. The USD/JPY was trading 0.23% higher at 108.18 on Tuesday morning in Tokyo, having fallen as low as 107...
FXWIREPRO: USD/JPY Rangebound, Remains Capped Below 5-Dma at 108.44 USD/JPY trades largely rangebound in the Asian session, with a high of 108.27 and a low of 107.87...
USD/JPY Recovery Remains Capped Near 108.30 The bulls struggle to take on the recovery from multi-month lows beyond 108.30 levels, despite rallying Japanese stocks, as a lack of fresh fundamental drivers dampen the sentiment around USD/JPY somewhat...
FXWIREPRO: ASX200 Struggles to Close Above 5000, Good to Sell on Rallies Major resistance -4975 (55 4H EMA) Major support 4900 ASX200 has slightly recovered after making a low of 4906. It is currently trading at 4960. Short term trend is slightly weak as long as resistance holds...
FXWIREPRO: Gold Breaks Key Resistance at $1252, Good to Buy on Dips XAU/USD is currently trading around $1254 mark. It made intraday high at $1259 and low at $1253 levels. Intraday bias remains bullish till the time pair holds key support at $1248 marks...
FXWIREPRO: Nikkei225 Recovers After Making a Low of 15500,good to Sell on Rallies Major Support - 15000 (200 W MA) Major resistance - 16050 (55 4H EMA) The index has slightly recovered after making a low of 15513. It is currently trading around 15920...