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Busy Week Ahead - Investec Research Team at Investec, suggests that with London out yesterday for the Spring bank holiday, and the US on holiday for Memorial Day, yesterday was a quiet start to what will be a busy week for financial markets...
Currency
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Roberto Jacobs, 31 May 2016, 13:29
CNH Weakness Especially Against JPY and USD - ANZ Irene Cheung, Research Analyst at ANZ, suggests that since March, CNH has depreciated notably against the JPY, as they expected. Key Quotes “We continue to expect a trend weakness in the CNH against the JPY...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 13:25
CAD GDP: What to Expect of USD/CAD Canadian GDP figures are due later in the NA session, with prior surveys expecting the economy to have expanded at an annualized pace of 2.9% during the first quarter, a tad higher than the initial estimates by the BoC in the April’s MPR...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 13:22
Dear Traders, Welcome back to a holiday-shortened trading week which is fully loaded with important risk events and economic data...
Analytics & Forecasts
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maimarfx, 31 May 2016, 13:09
GBP/USD Forecast: Increasing Downward Potential The Pound surged up to 1.4724 at the beginning of the day, but plummeted to 1.4567, a fresh 5-day low with the London opening, a new telephone poll from ORB, shows that the "leave" vote surged up to the 46%, just 5% below the 51% of "remain" option...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 13:01
USD/CHF Struggling Near 0.9900 Ahead of US Economic Data After rising to over 2-1/2 month high of 0.9956 on Monday, the USD/CHF pair has witnessed a steady decline and has now dropped back to 0.9900 handle ahead of some important US economic releases...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 12:55 #usdchf
EUR/USD Surge Past 1.1150 Level, Focus Shifts to US Releases The EUR/USD pair reversed from session low level of 1.1122 and turned positive to currently trade above the mid-point of 1.1100-1.1200 handle as investors turn focus to US economic data...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 12:52
GBP/USD Still Waiting for a Breakout of 1.4770 – UOB In view of analysts at UOB Group, the pair is expected to re-test the area of recent highs around 1.4770 in the next 1-3 weeks. Key Quotes “While the initial dip in GBP held above 1.4550 as expected, the rebound from the 1...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 12:49
FxWirePro: EUR/USD Faces Strong Resistance at 1.1180, Good to Sell on Rallies Major intraday Resistance- 1.1155 (21 day 4 HMA and also trend line joining 1.12168 and 1.1200) Major support – 1.1100 (200 day MA) Euro has jumped till 1.11548 today and declined from that level...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 12:45
FTSE Set to End May Near Its Highs Despite the FTSE 100 trading slightly lower so far today, it's been a good end to the month for the UK blue chip index which has shrugged off some early weakness and is currently marginally higher for May...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 12:42
Gold Inter-Market: Closely Follows US Equities and USD/JPY Price Behaviour The bounce-back in the gold prices seen so far this week from just below $ 1200 threshold can be mainly attributed to the fall in the US equities amid increasing risk-off trades, as reflected by rising VIX...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 12:38 #gold
USD/JPY Remains Bid Above 109.70 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s upside remains well and sound while above the 109.70 level. Key Quotes “USD/JPY has remained above the 55 day ma and is immediately bid above 109...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 12:33
Daily Recommendations on Major -USD/JPY DAILY MARKET OUTLOOK on Major USD/JPY Update Time: 31 May 2016 09:07 GMT USD/JPY - 111.02 Although price has eased after yesterday's rally to a fresh 1-month peak at 111...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 12:30
Gold Finds Support at 1200 Ipek Ozkardeskaya The US dollar has been firming since Friday as Federal Reserve (Fed) Chair Janet Yellen hinted at the possibility of a rate increase in the ‘coming months' at her speech last Friday...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 12:26 #gold
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, May 31st EUR/USD is losing its positions, down from 1.1150 level on the back of weak German retail sales. Today Eurozone will publish Consumer prices that expectedly will show 0.1% dip on a yearly basis...
Analytics & Forecasts
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EEAnalytics, 31 May 2016, 12:21
EUR/USD Forecast: Consolidating at Lows ahead of US Data After a long weekend, volatility picked up in Asia, although the EUR/USD pair remains quietly consolidating within its latest range, a handful of pips above the 1.1100 figure...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 11:54
USD/JPY Swings Back Above 111 on Sales-Tax News-Led Uncertainty Fresh selling seen in the Japanese currency over the last hour, lifted USD/JPY back on the bids above 111 handle, while markets now await the US economic data for further incentives. USD/JPY finds support above daily pivot at 110...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 11:51
EUR/USD Depressed Near 1.1130 on CPI The shared currency keeps the negative territory on Tuesday, taking EUR/USD to the 1.1130/20 band...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 11:46 #CPI
FxWirePro: BTC/USD Faces Strong Resistance at $550 , Good to Buy at Dips BTC/USD has declined after making a high of $540. It is currently trading around $530. Short term trend is bullish as long as support $470 (resistance turned into support) holds...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 11:07
GBP/JPY Reverses a Dip to 161.60, Back Above 162 The cross in the GBP/JPY traded volatile this Tuesday, swinging both sides in extreme ranges, before finally stabilizing in the red above 162 handle. GBP/JPY on a see-saw ride Currently, GBP/JPY trades -0.31% to 162...
Analytics & Forecasts
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Roberto Jacobs, 31 May 2016, 11:05