Roberto Jacobs / Blog
US: Encouraging Signs of Economic Growth - ING James Smith, Economist at ING, suggests that an encouraging labour report, coupled with an increase in the ISM Manufacturing Index, will give the FOMC more confidence about the direction of the economy...
EUR/USD Struggles to Extend Gains Above 1.1400 Having peaked at 1.1405 in early Asia, the EUR/USD pair is seen oscillating below 1.14 handle over the past couple of hours, as risk-off moods dominate markets. EUR/USD: Final services PMIs in focus Currently, EUR/USD trades 0.05% higher at 1...
FXWIREPRO: AUD/USD Weak ahead of RBA, Posts Fresh Five-Day Lows at 0.7570 Dismal Australia trade data along with widespread risk aversion weighing heavily on the high-yielding Aussie. Bears tightened their grip pushing AUD/USD to fresh five-day lows at 0.7570...
ASX200 Breaks Major Support 4960, Targets 4860 Major resistance - 4960 ASX200 has broken major support 4960 and declined till 4922 at the time of writing. It is currently trading at 4923. Short term trend is slightly weak as long as resistance 5020 holds...
Nikkei 225 Breaks Major Support Around 16000, Targets 15500/15000 Major Support - 16000 The index has broken major support 16000 and declined till 16745 at the time of writing .It is currently trading around 15773.Short term trend is bearish as long as resistance 16450 (7 W EMA) holds...
FXWIREPRO: Singapore Dollar Erases Previous Gain Against US Dollar, Good to Buy on Dips USD/SGD is currently trading around 1.3557 marks. It made intraday high at 1.3561 and low at 1.3516 levels. Intraday bias remains bullish till the time pair holds initial support at 1.3487 levels...
FXWIREPRO: USD/KRW Hovers Around Key Resistance at 1154, Intraday Bias Remains Neutral USD/KRW is currently trading around 1156 levels. It made intraday high at 1157 and low at 1154 levels. Intraday bias remains neutral for the moment...
Gold Rebounds in Asia Amid Risk-Aversion, $ 1230 Eyed Gold prices halted its 2-day losing streak and swung back higher in the mid-Asian session, after the bulls were rescued by deteriorating risk-sentiment. Gold sees a relief rally Currently, gold jumps +0.81% to 1225...
BOJ’s Kuroda: Yen Rises had Negative Effect on Big Manufacturers' Sentiment More headlines flowing in from the BOJ Chief Kuroda via Reuters, as he comments on the Yen and overall Japanese economic growth...