Roberto Jacobs / Blog
China's Caixin Services PMI Lower-Than-Expected in May China's Caixin Service PMI (May) came in at 51.2 vs 51.8 last, while the Composite stood at 50.5 vs 50.8 prior, both readings lower-than-expected. Commenting on the China General Services PMI™ data, Dr...
AUD/USD Back on the Bids, Tracks Gold Higher The AUD/USD pair found renewed bids near 0.7225 region and reverted towards daily highs, moving in tandem with the minor rebound seen in the gold prices. AUD/USD back to 20-DMA Currently, the AUD/USD pair trades +0.10% higher at 0...
FxWirePro: Short XAU/USD Around $1210 With Stop Loss at $1218 and Target of $1195 XAU/USD is currently trading around $1211 marks. It made intraday high at $1211 and low at $1206 marks. Intraday bias remains bearish till the time pair holds key resistance at $1220 marks...
FxWirePro: Nikkei225 Faces Resistance at 100 Day 4EMA, Good to Sell on Rallies Major support - 16,400 Nikkei Index has snapped its early gains made today morning .It has declined around 0.12% today at the time of writing. and currently trading around 16582...
FxWirePro: AUD/NZD Stable Around Fresh 4-Month Low, Good to Sell on Rallies AUD/NZD is trading around 1.0605 marks. Pair made intraday high at 1.0623 and low at 1.0596 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.0647/ 1.0739 marks. A daily close below 1...
FxWirePro: USD/KRW Strongly Holds 1190 Mark, Downside Limited USD/KRW is currently trading around 1190 levels. It made intraday high at 1192 and low at 1185 marks. Pair is moving in a firm range from 1185 to 1195 marks...
Gold Finds Good Support Near $ 1207, NFP in Spotlight Gold trades moderately higher in the Asian trades, underpinned by risk-off markets and a broadly lower US dollar, as we head towards the ECB policy decision on the interest rates. Gold re-takes 5-DMA Currently, gold now trades +0...
Asian Stocks Defend Gains ahead of NFP, China Services PMI Weigh The Asian stocks staged a minor pullback on the final trading day of this week, snapping two back-to-back days of declines, as markets look to unwind their positions ahead of the highly influential US labour market report, which may...
Goldman Sachs Downgrades View on Chinese Yuan from 'Cautious' to ‘Outright Negative’ Analysts at Goldman Sachs downgraded their outlook on the yuan, shifting from a more cautious stance to a negative one at present...