Roberto Jacobs / Blog
There is No Basis for Continued Depreciation of the Yuan - Xinhua Xinhua News Agency reporting comments from China’s foreign ministry on the Yuan and country’s fiscal policy...
Chinese PMI Suite Hints at More of the Same GDP Growth - TDS Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities, suggests that the PMI prints are really only as useful as their predictive power, and for China they remain frustratingly unreliable...
GBP/USD Supported by 23.6% Fibo ahead of UK data Risk-off in Asia weighed over GBP/USD but failed to push it through support at 1.4330 (23.6% of 1.5930-1.3835) levels...
US March NFP Likely to Print +200k Jobs - Nomura Research Team at Nomura, suggests that the slowdown in US jobs growth in January proved to be transitory as the pace of job gains picked up notably in February...
EUR/JPY Ends a 6-Day Rally, Near 127.60 The cross took a breather from its six-day rally and eased in the Asian on Friday, mainly driven by a strengthening yen across the board amid risk-off market profile. EUR/JPY off lows, regains 127.50 and beyond The EUR/JPY pair trades -0.36% lower at 127...
FXWIREPRO: Malaysian Ringgit Erases Previous Gain Against US Dollar, Good to Buy on Dips Pair is currently trading around 3.9033 marks. It made intraday high at 3.9058 and low at 3.8818 levels. Intraday bias remains bullish till the time pair holds key support at 3.8720...
FXWIREPRO: AUD/JPY Weak on Risk-Off, Slips Below Strong Trendline Support, Good to Sell Rallies AUD/JPY under heavy selling pressure in Asia, dented by risk-off across markets. Selling in the Nikkei 225 which was down over 3%, (adding pressure on Yen crosses). The pair printed a day low of 85...
Yen Rises Against Majors The Japanese yen strengthened against the other major currencies in the Asian session on Friday. The yen rose to a 4-day high of 160.64 against the pound and a 2-day high of 112.06 against the U.S. dollar, from yesterday's closing quotes of 161.60 and 112.55, respectively...
NZD/USD Struggles to Extend Beyond 0.6900 The NZD/USD pair is extending its struggle with 0.69 handle into late-Asian/ early European trades, as the auspicious China PMI reports failed to provide a lift to the sentiment around the bird. NZD/USD recovers from 0...