Roberto Jacobs / Blog
FXWIREPRO: EUR/GBP Trading Just Shy of the 0.79 Handle, Sees Strong Resistance at 0.7911 Pound sterling likely to remain under pressure as terrorism attacks in Brussels fuelled risk of a Brexit...
FXWIREPRO: NZD/USD Holds Above 10-Dma Support at 0.6728, Bias Lower NZD/USD was rejected at day's high by 0.6769, and has slipped lower to currently trade at 0.6737 levels. 10-DMA at 0.6728 is strong support for the pair, breaks below could see downside resume...
Gold Falls Sharply, Testing $1,231.00 Area Gold has seen a ferocious sell-off worth over $15.00 from over $1,250.00 at the beginning of Asia, all the way down to currently test $1,231.00, level where a strong short liquidation originated following the dovish FOMC last week. Gold overbought...
Turkey: Security Threats and Policy Uncertainty Call for Bearish Outlook - TDS Cristian Maggio, Head of Emerging Markets Strategy at TD Securities, notes that the Turkey suffered a sixth deadly attack on 19 March, the second in Istanbul this year...
EUR/USD Faced With 1.12 Key Support EUR/USD has been consolidating in Asian trade, last exchanging hands just above the 1.12 handle, an area that was old resistance and that has not turned key support after the successful bullish rotation higher during March 16-17th...
Eurozone: Better than Expected Flash PMIs - BBH Research Team at BBH, notes that the flash PMI from the euro area was slightly better than expected. Key Quotes “The preliminary March manufacturing reading was 51.4. This is in line with expectations and a little higher than the 51.2 in February...
RBA did not Talk Down the AUD - TDS Research Team at TDS, notes that yesterday’s RBA Stevens’ ASIC opening remarks were familiar, i.e. economy adjusting well but scope to ease. Key Quotes “Upbeat (as is usual for him when solo) is because it's "zeitgeist to look for downside...
USD: Hawkish Fed Comments have Limited Impact on Sceptical Market - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar failed to derive much support from the recent more hawkish Fed comments highlighting that the market is more even more sceptical now that the Fed will follow th...
UK Headline Inflation Slightly Weaker Than Market Expectations - TDS Research Team at TDS, notes that the UK February CPI release was in line with their expectations. Key Quotes “As the headline came in slightly weaker than the market expected, remaining unchanged at 0...
RBA More Cautious About Talking Down the AUD – MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the weakening global growth outlook and likelihood that China’s economy will continue to slow in the coming years does not appear to provide strong foundations for a sustainable and broad-base...