Roberto Jacobs / Blog
FXWIREPRO: NZD/USD Edges Above 0.68 Handle, Rise in Oil Prices Supports NZD/USD retakes the 0.68 handle as commodity currencies are being supported by sharp rise in oil. With the US dollar still on the back foot the risks for NZD/USD remain to the upside...
FXWIREPRO: South Korean Won Breaks Key Support at 1153, Good to Sell on Rallies USD/KRW is currently trading around 1145 levels. It made intraday high at 1154 and low at 1145 levels. Intraday bias remains bearish for the moment...
GBP/USD: on the Front Foot, Eyes 38.2% Fibo Level GBP/USD strengthened in Asia and is maintaining its bid tone in early Europe with eyes set on 1.4154 (38.2% of 1.4669-1.3835...
China: Strong Reasons for the PBOC to Stay the Course - ING Tim Condon, Chief Economist at ING, assumes that the PBOC is likely to keep the NEER steady and ING’s forecast that USD/Majors will be range bound is behind their yearend 6.47 USD/CNY forecast...
EUR/USD – Attempting Break Above Key Fibo, Strong Yen Weighs EUR/USD is having a tough time taking out hurdle at 1.1418 (23.6% of Mar 2015 low-Aug 2015 high) amid strength in Yen and resulting weakness in EUR/JPY cross. Range trading continues Pair is looking to extend the week long range of 1...
BoE: Holding its Breath - Rabobank Jane Foley, Senior FX Strategist at Rabobank, notes that the relevance of Bank of England (BoE) policy meetings for asset prices has paled into insignificance recently in comparison to those of the Federal Reserve, ECB and BoJ...
Germany: Some Relief but No Reason to Cheer - ING Carsten Brzeski, Chief Economist at ING, notes that the German exports recovered in February, but the revival was too weak to get overly excited and it will take a while before exports can return as powerful growth engine...
Asian Markets Start the New Week on a Mix Note, Gold Hovers Around $1250 All the major Asian markets are trading on a mix note on Monday. From the data front from China, Country’s Consumer-price inflation was unchanged at a 19-month high. The CPI rose at a steady pace of 2...
FXWIREPRO: AUD/JPY Holds Above Strong Trendline Support at 80.75, Weakness to Resume on Breaks Below 80.75 Our previous call (http://www.econotimes.com/FxWirePro-AUD-JPY-holds-cloud-top-support-at-8290-good-to-go-short-on-breaks-below-190866) has hit all targets...