Roberto Jacobs / Profil

EUR/USD Rangebound Near-Term – Danske Bank Jens Pedersen, Senior Analyst at Danske Bank, sees the pair in a consolidative pattern prior to resume its upside. Key Quotes “We still stress that time is not yet ripe for a move towards the 1...

GBP/USD Extends the Drop to 1.4320 The sterling remains on the defensive on Friday, now sending GBP/USD to the 1.4320 area, or session lows. GBP/USD lower post-PMI, focus on US data The pair is prolonging its recent downside after being rejected from Wednesday’s peaks near 1...

Daily Analysis of Major Pairs for April 1, 2016 EUR/USD: This currency trading instrument has trended upward by 250 pips, testing the resistance line at 1.4000...

EUR/USD Gathers Pace, Takes-out 1.1400 ahead of NFP The bullish tone behind the EUR gathers pace in the European session, now taking EUR/USD above 1.14 handle, as risk-off sentiment and upbeat PMIs underpin. EUR/USD higher on cross driven strength Currently, EUR/USD trades +0...

UK Manufacturing Growth Improves Less Than Expected British manufacturing growth improved less-than-expected in March, though slightly, survey figures from Markit Economic showed Friday...

BOJ’s Sakurai: Current Yen Not Too High vs its Level in 2012 Bank of Japan’s (BOJ) Sakurai, while commenting on exchange rate said the current level of Yen is not too highs compared to the one seen in 2012...

Canadian FinMin: Not Considering Further Measures to Tackle Housing Market Risks Speaking in London, Canadian finance ministry Morneau commented on Canada’s overall economic conditions as well as on oil markets...

GBP/JPY Drops Below 161.00 After UK PMI Data A weaker-than-expected UK PMI manufacturing PMI is keeping GBP/JPY under pressure below 161.00 handle. Rejected at 161.73 The cross was rejected at 161.73 (falling trend line resistance on the daily chart) following which it fell to a low of 160...

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...

FXWIREPRO: Chinese Yuan Falls Despite Better Than Expected Manufacturing PMI Data USD/CNY is currently trading around 6.4634 levels. It made intraday high at 6.4649 and low at 6.4538 levels. The Chinese Manufacturing Purchasing Managers' Index rose from 49.0 in February to nine-month high of 50...

Brexit: How the BoE Would Respond – Goldman Sachs Andrew Benito, Research Analyst at Goldman Sachs, suggests that while they expect the UK to vote to remain in the EU in the n June 23 referendum, they address how the BoE would respond to a surprise vote to leave the EU...

US: Trading Payrolls – Deutsche Bank Alan Ruskin, Macro Strategist at Deutsche Bank, suggests that after the Yellen speech largely ruled out an April hike, there is an asymmetric bias toward risk positive, USD negative data...