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Greenback's Tone Sours - BBH Research Team at BBH, suggests that the reversal of the US dollar's gains half way through Draghi's press conference has undermined the near-term technical tone. Key Quotes “The risk is on the downside, at least in the first part of the week, ahead of the FOMC meeting...
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Roberto Jacobs, 14 March 2016, 05:24
AUD/JPY Hits Multi-Week Highs Beyond 86 Handle The AUD/JPY cross surges to the highest levels since Jan 29 in the Asian morning this Monday, extending gains into a fourth consecutive week. AUD/JPY aims for 200-DMA at 87.18 Currently, the AUD/JPY pair trades 0.30% higher at 86...
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Roberto Jacobs, 14 March 2016, 05:22
EUR/USD Regains 1.1150 Amid Risk-on, EZ IP Eyed Having peaked just shy of 1.12 barrier in the last US session, EUR/USD extends its gradual descent in Asia Monday, as the price continues to consolidate post-ECB gains ahead of the Fed outcome. EUR/USD fresh bids emerge near 1...
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Roberto Jacobs, 14 March 2016, 05:20
AUD/NZD Back Above 1.12 Mark, Good to Buy on Dips Pair is currently trading at 1.1230 levels. It made intraday high at 1.1232 and low at 1.1205 levels. Intraday bias remains bullish for the moment. On the downside, key support level falls at 1.1060 levels...
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Roberto Jacobs, 14 March 2016, 04:48
Singapore Dollar Fails to Sustain Below 1.36, Intraday Bias Remains Bullish USD/SGD is currently supported above 1.3700 levels and trading around 1.3736 marks. It made intraday high at 1.3750 and low at 1.3710 levels. Intraday bias remains bullish till the time pair holds key support at 1...
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Roberto Jacobs, 14 March 2016, 04:42
USD/JPY Struggle with 114 Continues Ahead of BOJ, FOMC The USD/JPY pair attempts to extend Friday’s gains and reclaim 114 handle in the Asian trades, setting-off the week on an upbeat note amid improved risk sentiment...
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Roberto Jacobs, 14 March 2016, 04:39 #FOMC
AUD/USD: Bulls Taking Back Control on Key Week AUD/USD has been a drift to the upside to start the week and bulls remain in control. The greenback remains on the back foot after the ECB induced rally in the euro and while there has been a recovery in stocks, oil and metal prices...
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Roberto Jacobs, 14 March 2016, 04:36
NZD/USD Outlook - Westpac Imre Speizer, analysts at Westpac offered an insight into the NZ dollar. Key Quotes: "1 Week: NZD/USD is stuck around 0.6700 in the near term...
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Roberto Jacobs, 14 March 2016, 04:32 #nzdusd
USD/JPY Within Familar Range Stuck Around 20 DMA USD/JPY has been better bid for the past number of sessions, although the 20 dma has not been an easy task for the bulls, at 113.32 today while the pair has made highs of 113.92 on dollar weakness to close the week down...
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Roberto Jacobs, 12 March 2016, 04:28
GBP/USD: Consolidation Now, at 1.47 by Year-End Analysts from FX Strategy at Lloyds Bank expect GBP/USD to trade around 1.47 by year-end. Key Quotes: “GBP/USD has had mixed fortunes over the past month. The currency pair fell below 1...
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Roberto Jacobs, 12 March 2016, 04:24
USD/CHF Drops to Fresh 4-Week Lows USD/CHF had a short-lived recovery during the European session and resumed the decline on American hours. Recently fell to 0.9802, hitting the lowest level since February 15. The pair is about to end the week slightly above 0...
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Roberto Jacobs, 12 March 2016, 04:21 #usdchf
NZD/USD Trims Weekly Losses NZD/USD surged after the beginning of the American session and climbed from below 0.6600 to 0.6756, reaching the highest level since the Reserve Bank of New Zeland rate cut surprise. The pair is holding near the highs, currently trading at 0.6742/46, up 1...
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Roberto Jacobs, 11 March 2016, 19:08 #nzdusd
EUR/USD Attempts a Recovery to 1.1150 The offered tone in the greenback seems to have returned, now allowing EUR/USD to rebound to the 1.1150 area. EUR/USD still in red, upside capped at 1.1220 The pair has managed to gather some traction and stage a strong rebound after bottoming out in the 1...
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Roberto Jacobs, 11 March 2016, 19:05
Euro Declines Against Majors The euro fell against its major opponents in European deals on Friday, amid stark contrast in the European Central Bank's monetary policy from those of other major central banks in rest of the world...
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Roberto Jacobs, 11 March 2016, 14:25
USD/CAD: Sell-off Stalls as Oil Trims Gains Canadian dollar’s tight correlation with oil continues remains intact; with USD/CAD sell-off stalling near Wednesday’s low given oil has trimmed gains. Off lows, but still down 0.67% Pair has recovered slightly from the low of 1...
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Roberto Jacobs, 11 March 2016, 14:17
EUR/GBP Slumps to 0.7750 on GBP-Buying The selling pressure around the single currency is picking up pace today, now sending EUR/GBP to test fresh lows in the mid-0.7700s. EUR/GBP down from 0.7850 The European cross is losing around a cent since overnight tops in the 0...
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Roberto Jacobs, 11 March 2016, 13:29
EUR/USD Extends the Drop to 1.1080 The selling mood is now gathering further steam around the shared currency, with EUR/USD testing the 1.1085/80 band. EUR/USD focus on 200-day sma? Spot accelerates its recent rejection from the 1...
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Roberto Jacobs, 11 March 2016, 13:24
EUR/USD Losing Altitude, Challenges 1.1100 The common currency is now facing further selling pressure, relegating EUR/USD to trade in the lower bound of the range near 1.1100 the figure. EUR/USD gains limited around 1...
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Roberto Jacobs, 11 March 2016, 13:22
AUD/USD Pops as Traders Ignore Iron Ore Price Slide The AUD/USD pair is sitting above 0.75 handle as markets ignored Iron ore futures in Singapore, which sank back toward $50 a metric ton. Bid above by 5-DMA The spot found bids above 5-DMA at 0.7470...
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Roberto Jacobs, 11 March 2016, 13:20
USD/JPY Swings Back to 113.60 as Nikkei Rebounds The bulls found solid support near 5-DMA at 113.17 and swung back higher into gains, now taking on the recovery towards 114 handle...
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Roberto Jacobs, 11 March 2016, 07:34 #Nikkei