Roberto Jacobs / Blog
FXWIREPRO: EUR/JPY Downside Pauses at 61.8% Fib, Momentum Still With the Bears EUR/JPY is retreating from last week’s tops just above 128.00, and downside for now is taking a breather at 61.8% Fib at 124.41. After breaching strong trendline support at 125.26, the pair saw downside test 124...
ASX200 Breaks Major Trend Line Resistance, Jump Till 5020 Is Possible Major resistance - 4965 (Trend line joining 5101 and 5045) Major support 4850 ASX200 has broken major resistance around 4965 and jumped till 4986 at the time of writing. It is currently trading at 4962...
China’s Foreign Reserves Data: What is Coming Your Way? – ING China’s March foreign reserves data is due today and the consensus forecast is $3.196 trillion, which would be a negligible $6.3 billion decline from February...
EUR/USD Struggles to Hold Above 1.1400, ECB Minutes in Focus The bulls are seen struggling to retain 1.14 barrier over the past few hours, having faded a spike to 1.1414 post-Tokyo open. EUR/USD fails to benefit from dovish FOMC minutes Currently, EUR/USD trades almost unchanged at 1...
AUD Q1 2016 CPI Preview: Inflation Pulse Remains Low - ANZ Jo Masters, Senior Economist at ANZ, suggests that Australia’s Q1 CPI data (to be released on Wednesday 27 April) is expected to confirm that the inflation pulse remains low, reflecting weak wages growth, softer price pressures in residen...
Cautious on EUR/USD and USD/CHF - Deutsche Bank Oliver Harvey Macro strategist at Deutsche Bank offered an analyses on the G10 space. Key Quotes: "EUR/USD tops the technical scorecard in G10 space...
Former Japan’s Top FX Diplomat: Tokyo Unlikely to Intervene to Stem Yen Rises Naoyuki Shinohara, an ex-IMF deputy chief and formerly Japan's top currency diplomat crossed the wires last minutes, noting that the Japanese government intervention is unlikely in the fx market to curb a stronger yen...
Confidence in Yen Longs Regained and Sterling Shorts Added – Deutsche Bank Nicholas Weng, Strategist at Deutsche Bank, suggests that as per CORAX Positioning Data from 05-Apr-2016, investors have regained confidence in yen longs and added to sterling shorts...
FOMC Minutes: Hikes on the Agenda of Each Meeting Now - Rabobank Philip Marey, Senior US Strategist at Rabobank, suggests that while the recently released FOMC minutes confirm that there is a lot of uncertainty in the Committee about the economic outlook, with risks tilted to the downside, it is...