Andrew Robinson

Andrew Robinson

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Interest:
11 elements in forex
25 elements in macro
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User type:
Community member, Blogger, Saxobank employee 
Company:
Saxo Capital Markets Pte Ltd 
Title:
FX Analyst 
Andrew Robinson, Saxo Capital Markets Pte Ltd, 03 February 2012

Asian markets steady ahead of today's US non-farm payrolls

Asian markets were in limbo ahead of today's key US non-farm payrolls report. Service sector PMIs out of China were not quite as buoyant as the manufacturing side, lending a slight negative bias to trading. Read more
87 Views
1 Likes
0 Comments
Andrew Robinson, Saxo Capital Markets Pte Ltd, 02 February 2012

China's hard landing avoided? Several RBA rate cuts seen soon

January PMI data indicated a hard landing for China could be avoided. February and March data is needed though to confirm this. Australian macro data tends to support the outlook for several rate cuts this year with the first seen in a few days. Read more
105 Views
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Andrew Robinson, Saxo Capital Markets Pte Ltd, 02 February 2012

Asia extends risk rally after Aus trade data beats forecasts

Having seen the smart turnaround in risk appetite during the European session, Asia was given further incentive to extend the rally Thursday with signs that Australia’s export economy continues to grow. Read more
121 Views
1 Likes
0 Comments
Andrew Robinson, Saxo Capital Markets Pte Ltd, 01 February 2012

Asian PMIs shine but risk struggles to rally in Asia

The start of a new month brought the usual flurry of PMI releases across the region for January and generally they surprised to the upside. However, risk appetite did not benefit greatly and currencies traded in lower ranges. Read more
123 Views
4 Likes
2 Comments
Andrew Robinson, Saxo Capital Markets Pte Ltd, 31 January 2012

Risk likes Greek PM's hopes for PSI, Troika deals by Friday

There was a mild recovery in risk sentiment across currency markets in Asia Tuesday, but we are still adopting a wait-and-see attitude on the Greek debt swap deal despite rhetoric from the Greek leadership that it may be done by the end of the week. Read more
153 Views
1 Likes
0 Comments
Andrew Robinson, Saxo Capital Markets Pte Ltd, 30 January 2012

Greece to surrender budgetary control? The debate is on...

The EUR opened the Asian session little-changed Monday, though there was a 50-point down-move during the session on (relatively old) news that Germany was proposing a budget overseer be commissioned in Athens. A move not met with amusement in Greece. Read more
189 Views
1 Likes
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Andrew Robinson, Saxo Capital Markets Pte Ltd, 20 January 2012

EUR consolidates gains; Risk still looking buoyant

The last trading session before most of Asia disappears for the extended Lunar New Year holidays was a quiet affair though Asian bourses pushed higher and risk was generally buoyant Read more
202 Views
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Andrew Robinson, Saxo Capital Markets Pte Ltd, 19 January 2012

RBA rate cuts still just around corner; RBNZ hike kept at bay

Recent data confirms the Reserve Bank of Australia is set to continue its rate cutting spree kick-started at the end of 2011. This year's first is expected already next month. In contrast, New Zealand rate hikes are pushed further into the future. Read more
94 Views
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Andrew Robinson, Saxo Capital Markets Pte Ltd, 19 January 2012

Australian employment report looks dire, but details less so

Despite a dramatic Australian employment report, ranges in Asia were steady and controlled. A total of 29.3k jobs were lost in December but the breakdown showed a healthy 24.5k full-time jobs were added with all losses in the part-time sector. Read more
124 Views
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Andrew Robinson, Saxo Capital Markets Pte Ltd, 18 January 2012

EUR steady as Greek PSI talks resume; World Bank cuts forecasts

The World Bank slashed its global growth forecasts during the Asian trading session and warned that the downturn in Europe and softening growth in developed economies could force an even deeper downgrade. It estimated Europe was already in recession. Read more
164 Views
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Andrew Robinson, Saxo Capital Markets Pte Ltd, 17 January 2012

EUR, AUD higher in Asia after Chinese data beats expectations

The EUR and AUD strengthened in the Asian session after China's Q4 growth beat market estimates with 8.9 percent y/y growth recorded versus 8.7 percent expected - but still lower than Q3’s 9.1 percent. Read more
195 Views
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Andrew Robinson, Saxo Capital Markets Pte Ltd, 16 January 2012

EUR steady at 2012 lows in Asia; the calm before (another) storm?

The EUR steadied in quiet Asia trade after a sharp u-turn on Friday. Today's US holiday likely played a part in the moribund activity while data was confined to second-tier releases Read more
200 Views
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Andrew Robinson, Saxo Capital Markets Pte Ltd, 13 January 2012

PBOC's easing flexibility reduced; Chinese New Year skews data

Chinese New Year 'distortions' need to be out of the way to see how the Chinese economy is really developing and if the People's Bank of China can continue down the easing track it began in December. Recent data has reduced its flexibility for now. Read more
78 Views
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Andrew Robinson, Saxo Capital Markets Pte Ltd, 13 January 2012

Q1 Asia Outlook: Fasten your seatbelts, we are about to land

Asia’s economies have the benefit of still flying on all engines but with tremendous hope placed in the hands of the pilot – the powers-that-be in China – to determine the smoothness of the next landing. Read more
93 Views
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Andrew Robinson, Saxo Capital Markets Pte Ltd, 13 January 2012

EUR's comeback stalls in Asian session

Asian markets have not pushed the EUR's rebound seen in Europe and the US Thursday. There were no data releases and given it is a US holiday Monday, trading ranges were very tight. And perhaps superstitious participants noted it was Friday the 13th! Read more
108 Views
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Andrew Robinson, Saxo Capital Markets Pte Ltd, 12 January 2012

Mixed China inflation data leaves the path unclear for policy

All eyes were on China's inflation data for Decemeber which turned out to be a mixed bag. CPI was above forecasts but still lower than November while PPI improved dramatically from last month. It remains unclear if further China easing is on the way. Read more
99 Views
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Andrew Robinson, Saxo Capital Markets Pte Ltd, 11 January 2012

EUR stuck in limbo; waiting for the next headline

Asia walked in this morning with most currency pairs at similar levels to yesterday with currencies having flirted with highs and lows overnight outside the previous session. Data releases were minor and the Asian range was tight. Read more
130 Views
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Andrew Robinson, Saxo Capital Markets Pte Ltd, 10 January 2012

EUR holds on to gains; AUD outperforms following better data

Currencies were relatively stable during the Asian session with the EUR able to hold on to yesterday's gains and the AUD given a lift by better data. China's December trade numbers showed softening imports. Read more
130 Views
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Andrew Robinson, Saxo Capital Markets Pte Ltd, 09 January 2012

Greece back in the headlines, piling more pressure on the EUR

Weekend press did not help the EUR with Greek media reporting that PSI discussions were not going well and rumours circulated that the IMF was talking about an 80% haircut for bondholders. AUD was also hit following disappointing retail sales data. Read more
131 Views
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Andrew Robinson, Saxo Capital Markets Pte Ltd, 03 January 2012

Better Asian PMIs lift risk appetite as 2012 kicks off in earnest

Improving PMI data from across the Asian region help spur greater risk appetite Tuesday as most traders returned from the extended New Year holidays. The EUR climbed slowly towards the 1.30 handle versus the dollar. Read more
186 Views
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    Biography
    Andrew Robinson has been associated with financial markets for almost 30 years and has worked in key financial centres in London, Europe and Singapore. He has been stationed in Asia for the past 15 years and currently writes a daily market commentary for the Asian FX trading session and formulates FX trading bias for Saxo Capital Markets' Daily Trading Stance. He also regularly contributes articles with an Asia perspective to regional print media and is a regular commentator on television. Andrew's FX strategies are based on a combination of technical analysis, fundamental analysis and market flow information.

    Contact: +65 63037826
    Disclaimer
    Non-independent investment research
    This investment research has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Further it is not subject to any prohibition on dealing ahead of the dissemination of investment research. Saxo Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. » Read more
     
     
     

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