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Oil Price Recovery to Overlook Divided OPEC – Danske Bank Senior Analyst, Jens Nærvig Pedersen at Danske Bank, notes that the decline in the oil price following the failed attempt in Doha on Sunday to reach an agreement among major world oil producers on a production freeze proved to be short-liv...

EUR/USD is Undergoing Broad Consolidation - SocGen Research Team at Societe Generale, suggests that after testing key levels 1.06/1.05 last year, EUR/USD is undergoing broad consolidation. Key Quotes “After forming spinning top at important hurdle of 1.1460, EUR/USD is undergoing a retracement...

USD/JPY: Indicators Turning Lower, Bearish Risk - FXStreet Valeria Bednarik, chief analyst at FXStreet noted the technicals surrounding USD/JPY...

Asian Stocks Extend Gains, China Bucks the Trend The sentiment on the Asian markets remain mixed this Wednesday, with the Chinese stocks extending losses, while rest of Asia gains further and rises to fresh four-month highs...

Asian Markets Open Mix, Gold Remains Supported Above $1250 All the major Asian indices are trading on a mix note on Wednesday. On the other side, Gold remains supported above $1250 marks and trading around $1254...

ASX200 Trades Well Above 5200, Targets 5280/5330 Major resistance - 5215 (55 W EMA) ASX200 has broken major resistance 5215 and jumped till 5241 at the time of writing. It is currently trading at 5210. Short term trend is lightly bullish as long as support 5150 holds...

Nikkei 225 Faces Strong Resistance at 17300, Good to Buy at Dips Major resistance - 17000 The index has slightly declined after making a high of 17146 It is currently trading around 16336.Short term trend is slightly bullish as long as support 16500 (55 day 4H EMA) holds...

FxWirePro: South Korean Won Fails to Sustain Below Fresh 5-Month High, Intraday Bias Remains Neutral USD/KRW is currently trading around 1132 levels. It made intraday high at 1132 and low at 1128 levels. Intraday bias remains neutral for the moment...

FxWirePro: AUD/NZD Remains Well Supported Above 1.1062, Intraday Bias Remains Bullish AUD/NZD is trading around 1.1097 marks. Pair made intraday high at 1.1117 and low at 1.1076 marks...

FxWirePro: Gold Remains supported Above $1250 in Asian Hours, Good to Buy on Dips XAU/USD is currently trading around $1254 mark. It made intraday high at $1257 and low at $1249 levels. Intraday bias remains bullish till the time pair holds immediate support at $1242 marks...

JPY: Dovish Shift in Composition of BOJ Board Continues – Nomura Yujiro Goto, Research Analyst at Nomura, notes that yesterday the Japanese government has nominated an executive of Shinsei Bank, Ms Masai, as a new BOJ board member from July...

Oil Dives Deeper in the Red on Mounting Oversupply Worries Oil benchmarks on both sides of Atlantic accelerated to the downside in the Asian trading hours, as resurgence of oversupply worries into the markets dampened the sentiment around the black gold...

AUD/USD Heavy, Fails to Resist Above 0.7800 as Oil Tumbles The AUD/USD pair extends its retreat from ten-month tops in the mid-Asian trades, having peaked at 0.7826 levels in the last US session. AUD/USD drops to lows near 0.7780 Currently, the AUD/USD pair now drops -0.32% to 0...

EURUSD Daily Forecast: April 20 2016 EURUSD Forecast The EURUSD had a bullish momentum yesterday closed back above 1.1335. Price bounced higher after touched H4 EMA 200 as you can see on my H4 chart below. The bias is bullish in nearest term testing 1.1500 but I am not in a bullish mode. Not yet...

GBPUSD Daily Forecast: April 20 2016 GBPUSD Forecast The GBPUSD continued its bullish momentum yesterday topped at 1.4418. The bias remains bullish in nearest term testing 1.4500. My major technical outlook remains neutral and 1.4400 – 1...

USDJPY Daily Forecast: April 20 2016 USDJPY Forecast The USDJPY was indecisive yesterday but overall still able to maintain its bullish intraday bias so far. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 110.00 area...

USDCHF Daily Forecast: April 20 2016 USDCHF Forecast The USDCHF was indecisive yesterday. The bias remains neutral in nearest term. Immediate support remains around 0.9570. A clear break and daily close below that area could trigger further bearish pressure testing 0.9500 or lower...

The ECB will hold its regular monetary policy meeting this Thursday. We expect no change in the monetary policy parameters this time, after the ECB announced a broad easing package last March...

Lausanne is joining the growing list of places looking to experiment with a universal basic income. Politicians in Lausanne — a city of around 150,000 people in Switzerland — have adopted a motion to carry out a pilot scheme for basic income in the city...

The US presidential selection process is well underway, and yet there has been no coherent discussion of fiscal policy. In part, this is because it does not appear particularly urgent. The US deficit peaked in 2009 at 10.1% of GDP. Last year it stood at what for most OECD countries an enviable 2...