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GBP/USD All the Attention to 1.4000 – UOB The research team at UOB Group has noted the relevance of the critical support at 1.4000 the figure...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 10:26
USD/CHF Still Targets 0.9806 Near Term – Commerzbank In view of Axel Rudolph, Senior Technical Analysis at Commerzbank, the pair could reach the 0.9800 area in the shorter run. Key Quotes “USD/CHF has sold off to and continues to rebound from the 2015-2016 uptrend at .9643”...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 10:24 #usdchf
Bunds Edge Higher as Credit Spreads Resume Yday’s Late Widening (Bloomberg) -- Bund futures extend gains, rises as much as 44 ticks to 163.17 as credit spreads continue to widen, stocks weaken steadily since the cash open. iTraxx xover 5Y rises 11bps, Stoxx 600 falls 1...
Analytics & Forecasts
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Batur Asmazoglu, 24 March 2016, 10:10
On Thursday, #NZDUSD and #AUDUSD fell to their 1-week lows against the U.S. dollar, despite a positive fundamental background. The U.S. dollar received significant support after several #Fed officials had mentioned the possibility of the rate hike in April...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 24 March 2016, 09:50 #Trading, forex
The sequence of volatile market reactions to central bank policy easing initiated by the BOJ and furthered by ECB had an eventful third round last week, as the Fed’s unexpected dovish shift caused a sharp retrenchment in long USD positions...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 09:48
The latest strong signals from BNP Paribas Momentum Model are short GBP/AUD, and long AUD/NOK. *BNP Paribas (French pronunciation: ​[be ɛn pe paʁibɑ]) is a French multinational bank and financial services company with global headquarters in Paris...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 09:40
Treasuries had a persistently strong long-end-led bid through the day Wednesday to end with a substantial bull flattening rally that was futures led and left our desk and most clients puzzled it seemed about just what was going on...
Analytics & Forecasts
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Batur Asmazoglu, 24 March 2016, 09:40
Finland PPI Falls At Faster Rate In February Finland's producer prices decreased at a faster pace in February, figures from Statistics Finland showed Thursday. The producer price index for manufactured products fell 4.1 percent year-over-year in February, much faster than the 2...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 09:20
USD is expected to remain bid, with the potential to end the week at levels consistent with a reversal formation in technical terms. Conditions for USD gaining further ground are almost perfect...
Analytics & Forecasts
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Batur Asmazoglu, 24 March 2016, 09:19
DXY Seen Gathering Traction – Westpac Strategist at Westpac Richard Franulovich has assessed the likeliness of further appreciation of the greenback in the next weeks. Key Quotes “Conditions slowly becoming propitious once again for a decent multi-day USD bounce”...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 09:10
EUR/USD forecast: Focus on US Releases – Commerzbank and UOB EUR/USD continues to grind lower during the second half of the week, testing the area of 1.1160 amidst a strong demand for the US dollar...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 09:04
EUR/AUD: Deeper Decline Towards 1.3718/1.3675 Eyed - SocGen The FX Technical Analysis Team at Societe Generale suspects a possible double top in EUR/AUD, with an initial target of 1.3718/1.3675 a possibility ahead of longer term 1.27/1.25...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 08:40
GBP: Cable’s Relief Rally Looks Over - TDS According to Ned Rumpeltin, European Head of FX Strategy at TDS, GBP/USD looks set to test the year’s lows at 1.3836, with a break below exposing the 2009 base at 1.3503...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 08:38
AUD/USD Weaker, Breaks Below 0.7500 The Aussie dollar is extending its bearish sentiment today, dragging AUD/USD back to sub-0.7500 levels. AUD/USD lower on USD-buying Spot is retreating for the second consecutive session so far, opening the door for a test of the 0...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 08:36
GBP/USD: Downside Target Remains 1.3502 - Comerzbank Axel Rudolph, Analyst at Commerzbank, as part of his daily trade recommendation, suggests to attempt tiny shorts in GBP/USD at 1.4420, 1.4500 stop 1.4570, exit 1.4320. His downside target remains at 1.3502 2009 low...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 08:34
Technical Analysis of Silver for March 24, 2016 Technical outlook and chart setups: Silver has dropped and almost hit the first estimated target at $15.00 levels as discussed yesterday. The metal is trading at $15.27 levels for now, looking to form intermediary lows at $14.90/15...
Technical Analysis of Gold for March 24, 2016 Technical outlook and chart setups: Gold has dropped lower as discussed and expected, and is trading at $1,218.00 levels at the moment. The yellow metal may produce intraday rallies but those should remain well capped below $1,230.00/35.00 levels...
Technical Analysis of EUR/JPY for March 24, 2016 General overview for 24/03/2016: After completing the corrective structure in wave (ii), the market stalled just below the intraday resistance at the level of 126.25...
Technical Analysis of USD/CAD for March 24, 2016 General overview for 24/03/2016: The market has broken above the intraday resistance at the level of 1.3167 in an impulsive fashion and is currently trading inside of the neutral zone...
EUR/GBP Firm Above 0.7900, UK Data Eyed Sideline patterns in both the sterling and the single currency are echoing on EUR/GBP, trading in a consolidative theme in the low-0.7900s. EUR/GBP keeps 0...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 07:54