Roberto Jacobs / Perfil

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...

USD/JPY Offered Near 50-DMA, Gives Up 109 Handle USD/JPY’s recovery from three consecutive sessions of losses faltered just shy of 50-DMA at 109.16, with the major now turning lower below 109 handle, as the risk sentiment appears to have worsened over the last hour...

FxWirePro: Japanese Yen falls in Early Hours After Lower Than expected Cash Earnings Data USD/JPY is currently trading around 108.90 marks. It made intraday high at 109.13 and low at 108.74 levels. Today Japan released average cash earnings data with negative numbers at 0.3% m/m vs 1...

Intermarket: Market Sentiment Deteriorates on China's Service PMI China's Caixin Service PMI (May) came lower-than-expected, with growth slowing to a 3-month low, leading to a worsening of the slightly more constructive sentiment seen on Thursday, with the Nikkei 225 giving back the vast majority...

AUD/USD Fades a spike to 0.7240 on Weaker China Services PMI The AUD/USD pair failed to sustain at higher levels and turned negative once again following the release of the Chinese services sector activity report, which missed estimates. AUD/USD revisits daily lows...

Gold: View of Major Top Over the Last Month Remains Gold near term outlook: In the May 26th email once again affirmed the bearish view (important top at the May 2nd high at $1304) and rolling over of the multi-month topping/channel...

WTI Reduces Losses Post-EIA, Focus on Fedspeak Prices for the barrel of West Texas Intermediate have trimmed earlier losses following the EIA report, navigating the $48.70 area after testing the $48.00 region. WTI weaker on OPEC, EIA The barrel of WTI managed to bounce off lows in the $48...

Volatility Reigns, as OPEC & ECB Hold Out • What will happen when Draghi turns hawkish? • OPEC out to preserve market share • Will Verizon strike hit tomorrows NFP number...

USD/CAD Bullish Above 1.3050 – Scotiabank Eric Theoret, FX Strategist at Scotiabank, sees the perspective for the pair as bullish while above 1.3050...

DXY Inter-Markets: Losing Momentum? The US Dollar Index (DXY), which tracks the greenback vs. its main competitors, has managed to regain the positive territory around 95.50 today, reverting the initial drop to multi-day lows in the 95.15/10 band...

Nonfarm Payrolls Preview: Wages Again in the Spotlight Heading into a new US Nonfarm Payroll release, the American dollar has lost the momentum triggered a couple of week ago by the FED, suggesting a rate hike is possible this June...

EUR/JPY Tumbles to Over Three-Year Low Level of 121.00 After flirting with 122.00 support for major part of the day, the EUR/JPY pair finally broke through the handle support and tumbled to 121.00 mark, its lowest level since March 2013...

Scope for Volatility in GBP in the Run Up to Referendum Day May is likely to prove a challenging month for markets with a number of risks events in store, including the Fed monetary policy meeting on June 15th and the UK referendum on June 23rd...

UK Construction PMI Misses Forecasts, Extends Slowdown in May The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) missed forecasts at 52.5 and printed at 51.2 in May, down from 52.0 in the previous month...

The ECB Kept Today Its Monetary Policy Unchanged as was Widely Expected European shares traded volatile today, but dropped lower in the afternoon, reversing earlier gains. Currently, most European indices trade slightly lower...

No Surprises from OPEC There was never a chance that OPEC would cut production today, meaning there are no real surprises from the outcome of this meeting resulting in OPEC failing to reach an output deal...

USD/JPY Sell-Off Continues, Tumbles Below 109.00 Level Despite of a broader recovery for the greenback, tracked by the US Dollar Index, the USD/JPY pair maintained its undertone and extended its slide further below 109.00 handle to currently trade around the mid-point of 108.00 level...