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CAD/JPY Faces Strong Resistance at 88.68, Break Above Targets 90 Major resistance- 88.68 (200 day MA) The pair has made a high of 88.49 at the time of writing and declined from that level. It is currently trading around 88.34. Short term trend is slightly bearish as long as resistance 88.70 holds...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 15:27 #CADJPY
GBP/USD Fails to Sustain Strength above 1.4600 Mark Following the release of UK GDP print, which matched consensus estimates, the GBP/USD recovered from early losses and climbed back above 1.4600 mark just to erase all of its gains to trade nearly unchanged from yesterday's close...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 15:02
EUR/USD Bounces from Lows sub-1.1300 EUR/USD retreated from daily highs and briefly dipped below the 1.13 mark, although the pair managed to quickly regain the psychological level. EUR/USD slid to the 1.1290 area at the beginning of the American session but turned higher and rose to 1...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 14:49
NZD/USD Slides Further Ahead of the Fed and RBNZ Expectations that RBNZ might discuss prospects of a rate-cut during its monetary policy meeting on Thursday dragged the NZD/USD pair lower below 0.6850 level...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 14:33 #nzdusd
We have been keeping an eye on that beautifully clear Head and Shoulders on the H4 chart...
CHF/JPY Trade Idea Major resistance – 114.65 (200 4 HMA) Major support – 113.40 The pair has broken minor resistance 114.27 and jumped till 114.59. It is currently trading at 114.59. Short term trend is slightly bullish as long as support 113.40 holds...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 14:25
US FOMC Preview: 10 Major Banks Expectations We are closing into the FOMC’s April policy meet decision and the markets are going into the FOMC announcement without many expectations...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 14:04
USD/CAD Dips Below 1.2600 Mark to Hit Fresh 2016 Low Tracking strength in WTI crude oil prices, the USD/CAD pair dropped to fresh 2016 low of 1.2574 before attempting a pull-back towards 1.2600 round figure mark...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 13:58
AUD/USD Slammed to 0.7600 Mark on Weak Australian CPI Data The AUD/USD pair witnessed a sharp fall on Wednesday, dropping to 0.7600 round figure mark, as Australian core CPI fell to its lowest level since 1999...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 13:55
NZD Slipped by 0.3% in Response to the AUD Move - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the NZD has fallen 0.3% in response to the AUD move, so driving AUD/NZD sharply lower. Key Quotes “I’d rather be short NZD/USD than AUD/USD around these levels...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 13:51
CHF/JPY Faces Strong Resistance at 114.65, Break Above Targets 115.20/116 Major resistance – 114.65 (200 4 HMA) Major support – 113.40 The pair has broken minor resistance 114.27 and jumped till 114.59. It is currently trading at 114.59. Short term trend is slightly bullish as long as support 113...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 13:47
AUD: Short-Term Market Caught the Wrong-Footed – BBH Research Team at BBH, suggests that the short-term market was caught the wrong-footed when Australia reported an unexpected decline in Q1 CPI. Key Quotes “The 0.2% decline contrasts to expectations for an increase of the same magnitude...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 13:43
GBP/NZD Surges Post UK GDP Data The GBP/NZD pair surged past 2.1300 mark to trade near day's peak of 2.13300 after the first quarter UK GDP meet consensus estimates...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 13:39
Given today's saturated news background, it is too risky to hold long positions in #USDJPY. It is recommended to close positions and to stay out of the market. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 27 April 2016, 13:34 #Trading
#USDCAD continues to decline in the medium-term downward price channel amid #oil prices strengthening. It is recommended to consider closing of short positions at current levels. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 27 April 2016, 13:32 #Trading
Pre-Requisite Reading: GLD, The Bullish Case for Gold We are currently positioned short in XAUUSD from 1259.4 level, however this pair did not react the way we would have preferred around 1233.00 level...
Analytics & Forecasts
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AynGannRand, 27 April 2016, 13:22 #xauusd, gold
Rate rise pending – should push CHF weaker The “key factor” to push EUR/CHF up above 1.10 will be a proper rise in global yields. As the longer rates came back up, so did the EURCHF over the past month. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
Analytics & Forecasts
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Vasilii Apostolidi, 27 April 2016, 13:08
We expect the BoJ to ease policy at the April meeting We believe that the BoJ will ease further on 28 April, an event to which we attach a probability of about 65...
Analytics & Forecasts
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Vasilii Apostolidi, 27 April 2016, 13:06
USD/CAD Recovery from 9-Month Lows Falters Near 1.2600 The USD/CAD pair is seen trying hard to extend the recovery above 1.26 handle, but in vain, as higher oil prices and a broadly lower USD continue to weigh. USD/CAD rejected near daily pivot Currently, the USD/CAD pair drops -0.09% to 1...
Analytics & Forecasts
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Roberto Jacobs, 27 April 2016, 12:31
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, April 27th GBP/USD trades slightly lower near Europe, consolidating in upper 1.45. Pair is feeling confidence this morning amid broad based US dollar weakness and growing anti-Brexit support...
Analytics & Forecasts
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EEAnalytics, 27 April 2016, 12:30