Roberto Jacobs / Blog
Eurozone Manufacturing Growth Improves In March Eurozone manufacturing growth improved more than initially estimated in March, final data from Markit showed Friday. The factory Purchasing Managers' Index rose to 51.6 in March from 51.2 in February and above the flash score of 51.4...
USD/JPY Still Vulnerable – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the door remains open for further downside below 111.97. Key Quotes “USD/JPY’s correction higher has failed at the top of a 6 week channel at 113...
EUR/GBP Hits Fresh 16-Month Highs on UK PMI The EUR/GBP cross caught a fresh bid tone following the release of worse-than expected UK manufacturing PMI report, which weighed on the British pound. EUR/GBP eyes 0.8000 Currently, the EUR/GBP pair trades 0.33% higher at fresh 16-month highs of 0...
GBP/USD Bullish Above 1.4270 – UOB In view of the research team at UOB Group, GBP/USD points to further gains while above 1.4270. Key Quotes “While the undertone for GBP remains positive as long as the 1.4250 support is intact, this pair has to break clearly above 1...
GBP/USD Weaker, Around 1.4340 on PMI The sterling is trading on a weaker note today, with GBP/USD hovering over the 1.4350/55 band. GBP/USD keeps the red on UK data The pair has posted losses in the last three sessions, coming back from recent highs in the 1...
UK Manufacturing PMI Stays Around 34-Month Low in March The seasonally adjusted Markit/CIPS Purchasing Managers’ Index (PMI) printed at 51.00 in March missing the estimate of 51.2, but bettering the Feb figure of 50.8. Key points The quarterly average stayed at a relatively subdued level of 51...
EUR/JPY Attempting Break Above 128.00 EUR/JPY cross recovered from the Asian session low of 127.43, and is now looking to take out offers around 128.00 handle amid stock market losses and upward revision of German and Eurozone PMI figures...
EUR/USD Forecast: it’s All about Payrolls – Dansk Bank and UOB EUR/USD remains in the upper-1.1300s during the European morning, easing some pips from yesterday’s multi-month tops above the 1.1400 handle. The research team at UOB Group has suggested “The break above the major 1...
Upbeat PMIs is Welcome News for EUR/GBP Upbeat German and Eurozone PMI figure released today could only add to bullish tone around EUR/GBP, which is eyeing fresh 12-month high on cable weakness...