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USDJPY Daily Forecast: March 29 2016 USDJPY Forecast The USDJPY didn’t make significant movement yesterday but overall still able to maintain its bullish bias and still prints higher high and low on daily chart. The bias remains bullish in nearest term testing 114...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 05:42
USDCHF Daily Forecast: March 29 2016 USDCHF Forecast The USDCHF had a moderate bearish momentum yesterday bottomed at 0.9722. The bias is neutral in nearest term, probably with a little bearish bias testing 0...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 05:40 #usdchf
Calculated level for today: Support (S1 / S2 / S3 = 40,29 / 39,97 / 39,45), resistance (R1 / R2 / R3 = 41,34 / 41,66 / 42,19). Key resistance levels (1st from 40.66 to 40.75 at the end of the day, the 2nd of 41.20 to 41.05...
Analytics & Forecasts
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oleksandr bilokon, 29 March 2016, 03:29
Hi traders, In Asian markets between AUD and JPY, I prefer to wait the end of price jolt at major Support and Resistance in this week, with also put break even point at 2/25 pips for more safety before reaching the target and as anticipated price penetrated S/R...
Forecasts
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Yohana Parmi, 29 March 2016, 01:09
Despite fiscal year-end looming March 31, the Japanese yen held a weak tone versus the dollar and other currencies Monday and was bucking the larger dollar trend as domestic issues weighed. Dollar-yen was trading at Y113.27 in afternoon action, in the middle of a tight Y113.05 to Y113.69 range...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 00:41 #forex
The Federal Reserve could raise interest rates in June if the dollar doesn't spike in expectation of such a move, Fidelity Investment's Jurrien Timmer said Monday. Earlier on Monday, San Francisco Fed president John Williams told CNBC that while the U.S...
Analytics & Forecasts
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Francis Dogbe, 29 March 2016, 00:00 #Fed
If another recession hits, does the Federal Reserve have any tools left to bring the economy back to growth and stability? Or has it run out of ammunition...
Market News
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Francis Dogbe, 28 March 2016, 23:38 #Fed
Consumer spending rose a mild 0.1% in February, as Americans held the line on big-ticket items such as new cars and pocketed a little more money. Already low inflation also fell slightly last month amid another drop in gasoline prices, the government reported Monday...
Analytics & Forecasts
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Francis Dogbe, 28 March 2016, 23:35
Analysts at Brown Brothers Harriman explained that EM started the week off on a firm note, though we note that many markets were closed Monday due to the Easter holiday. "For now, EM is benefitting from a supportive global liquidity outlook...
Analytics & Forecasts
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Vasilii Apostolidi, 28 March 2016, 22:28 #China
Shaun Osborne, Chief FX Strategist at Scotiabank explained that EURUSD losses from the mid 1.13 peak reached following the FOMC have slowed in the past few days, with steady support emerging in the low/mid 1.11 area...
Analytics & Forecasts
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Vasilii Apostolidi, 28 March 2016, 21:53 #EUR/USD
Rate differentials and relative policy have been a key feature driving the USD since early 2015...
Analytics & Forecasts
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Vasilii Apostolidi, 28 March 2016, 21:36
Dollar Attempting A Comeback From Early Weakness The dollar dropped against its major European competitors Monday morning, but has begun to pare those losses this afternoon. Markets in Europe are closed today for the Easter holiday and U.S. economic data was largely positive this morning...
Currency
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Roberto Jacobs, 28 March 2016, 21:08
FXWIREPRO: GBP/USD Strongly Bearish Despite Upside Attempts GBP/USD rebounded strongly towards 1.4280 levels earlier in mid European session. However, the pair turned back after failing to break resistance level 1.4286, as the pound ran out of strength against US dollar...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 21:05
FXWIREPRO: USD/JPY Pauses Decline, Scope for Further Upside USD/JPY has paused its declined as positive pending home sales data released earlier in the US session limited the pairs downside. Further downside is expected to be limited as the pair finds strong support at 113...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 21:01
FXWIREPRO: Gold Retreats from Daily High, Outlook Bearish Gold has retreated after finding resistance at 1223 levels to trade around 1218 levels, erasing some earlier gains made in the US session...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:58 #gold
Yen Down on Two Main Counts - Scotiabank Analysts at Scotiabank ranked the Yen as an under performer. Key Quotes: "The JPY is the main under-performer on the day on better risk appetite (US equity futures) and PM Abe’s suggestion that his “three arrows” policy has corrected the strong JPY...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:56
According to analysts from Wells Fargo, the probability of a recession in the US, based on their preferred modes is about 25% over the next six months, the highest since the Great recession era. “Recent market volatility and data from the factory sector raise the question: Is the U.S...
Analytics & Forecasts
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Vasilii Apostolidi, 28 March 2016, 20:56 #forex
EUR/USD Trims Gains, Hovering Around 1.1200 EUR/USD moved off session highs during the last hours, as the US dollar recovered part of the lost ground across the board. Greenback dropped sharply earlier after US personal income and spending report...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:54
US Oil Exports in Decline - BBH Analysts at Brown Brothers Harriman recall that the US lifted its ban on oil exports in December, but explained it appears, however, that US oil exports have fallen rather than risen here at the start of 2016...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:51
GBP/USD Has Limited Upside Scope GBP/USD has no clear catalyst driving the price higher, except that there has been technical space to do so following last week's sharp sell off from the 1...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:49