Roberto Jacobs / Profile

Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with high risk associated. Data released so far – Australia – Westpac consumer confidence declined by 4%. China – Trade balance for March came at Yuan 194.6 billion or $29.86 billion. Exports rose 11...

Asian Markets Turn Positive on Oil Gains, Gold Hovers Around $1252 All the major Asian indices are trading on a positive note on Wednesday and erases previous losses. The core reason behind the upward movement is the sharp rise in oil prices, which improves global sentiment...

Improved Tone in Global Markets - NAB Research Team at NAB, suggests that there was an improved tone in global markets this month...

FXWIREPRO: USD/KRW Hovers Around Key Support at 1142, Intraday Bias Remains Neutral USD/KRW is currently trading around 1143 levels. It made intraday high at 1144 and low at 1142 levels. Intraday bias remains neutral for the moment...

Inflation Could Splinter FX Gains - Nomura Bilal Hafeez, Research Analyst at Nomura, suggests that the core inflation is on the rise in the US, which may mean the Fed is falling behind the curve, and oil prices have been having a major impact on CPI measures that central banks target...

ASX200 Breaks Major Resistance 5000, Targets 5130 Major support 4900 ASX200 has broken major resistance 5000 and jumped till 5040. It is currently trading at 5036. Short term trend is slightly bullish as long as support 4965 (200 day HMA) holds...

Gold Under Pressure in Asia on Improved Risk Sentiment Gold extended its overnight retreat in the Asian session, and now consolidates near the lower band of today’s daily range as risk-on trades pick up pace. Gold moves-off fresh four-week tops Currently, gold trades 0.11% lower at 1252...

Sell GBP/USD and USD/CAD Strength, Buy NZD/USD on Dips – Westpac Research Team at Westpac, suggests that the GBP/USD remains high on their sell list. Key Quotes “We sell GBP/USD at 1.4450, stop 1.4610...

AUD/JPY Consolidating the Upside Below 84 Post-China Trade The AUD/JPY cross extended its winning streak into a fourth day today and reversed Thursday’s entire slide as the bulls were bolstered by improved risk appetite as well as strong China’s exports and imports data...

Asian Stocks Through the Roof, Oil Rally, China Trade Underpin The stocks on the Asian bourses joined the global risk-on rally this Wednesday, taking the positive lead from strong gains seen in the black gold yesterday, which buoyed the sentiment around the energy and resource stocks...

AUD/USD Storms Through 0.7700 on Upbeat Chinese Exports The bullish momentum around the AUD/USD pair gained further traction after the Chinese trade data showed that exports and imports improved last month. AUD/USD sees a 30-pips rally post-China data Currently, the AUD/USD pair rockets 1...

USD/JPY Making Another Attempt Towards 109? The USD/JPY pair caught fresh bid-wave in the Asian morning this Wednesday, making a fresh recovery attempt in a bid to conquer 109 once again...

EUR/JPY: Bulls in Command, 124 Back on Sight The persisting risk-on market profile boosted the risk currency US dollar across the board, aiding the recovery in EUR/JPY for the second straight session. EUR/JPY supported at hourly 100-SMA at 123.52 The EUR/JPY pair jumps 0...

Gold Stuck Between Hawkish Fed Speak and Dismal IMF Report Gold looks trapped between hawkish comments from Fed officials and bearish global growth forecasts published by the International Monetary Fund (IMF...

USD/CAD Aims to Further Weakness – Scotiabank FX Strategist at Scotiabank Eric Theoret sees USD/CAD could slip towards lower levels in the near term. Key Quotes “Signals are broadly bearish and all eyes are on the October 2015 low at 1.2832”...

WTI Firmer, Approaches $41.00 The barrel of West Texas Intermediate is prolonging its weekly advance today, now flirting with daily highs in the vicinity of the $41.00 mark...

USD/CHF: Near the Level of 0.9565 Last week, the pair USD/CHF has broken out strong resistance level of 0.9565, which is crossed by moving average lines ЕМА200, ЕМА144 and bottom limit of the descending channel on the weekly chart...

GBP/USD: The Pair is Unlikely to Exceed the Level of 1.4300 On the daily chart the rise in the pair GBP/USD is prevented by two strong resistance levels of 1.4300 (ЕМА50), 1.4385 (Fibonacci 38.2% to the decline from the level of 1.5230 since mid-December 2015...