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Gold Holding Above $1280, Upside Seems Capped Gold managed to recover from Wednesday's low near $1272 support on disappointing US private sector employment report but faded its spike to $1290...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:57
GBPCAD: Extending the Recovery - Scotiabank Research Team at Scotiabank, suggests that the GBPCAD is extending the May recovery though the 1.85 area, taking out trend resistance off the 2.09 high and 40-day MA at 1.8531 in the process. Key Quotes “The force appears strong in this one now...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:55
Follow EUR/GBP Higher, USD/JPY Stretched – Deutsche Bank Oliver Harvey, Macro strategist at Deutsche Bank, suggests that the EUR/GBP is their top scoring currency pair in G10 and is highly trending to the topside and is not at all stretched on both RSI and risk reversal metrics, suggesting the mo...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:51
USD/CAD: Risks are Clearly Tilted Higher for a Test of 1.2988 - Scotiabank Research Team at Scotiabank, suggests that the USD/CAD’s rebound developed strongly and they are shifting their bias materially as a consequence...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:38
EUR/USD Unchanged Below 1.15, ECB on Sight EUR/USD is now attempting a consolidative pattern below the 1.1500 handle amidst thin trade conditions. EUR/USD focus on US data, ECB The pair is barely moving, as the usual cautiousness pre-Payrolls seems to have taken over sentiment already...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:35
FxWirePro: GBP/NZD Breaks Major Trendline Support and slips Below 1h 50-SMA, Good to Sell Rallies GBP/NZD rejected at day's highs by 2.1102, and is currently trading at 2.1016 levels. The pair has broken major trend line support at 2.1047 on the hourly charts and has slipped below the 1H 50-SMA...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:30
Australian Bonds Continue to Rally After RBA Rate Cut, Despite Firm Economic Data The Australian government bonds continued to rise Thursday for three consecutive days as investors pour into safe-haven assets after Reserve Bank of Australia lowered its interest rate by 25 bps to historic low of 1...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:23
FxWirePro: Time to Invite Shorts in Bearish Hedging Strategies for EUR/JPY Long Term Risks Glimpse on Technicals: The pair has been bouncing from last 3-4 days after testing supports at 121.680...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:21
Canada's Weak Trade in March Suggests Q1 GDP Growth Likely to be Weaker Than Anticipated Canada’s trade deficit broadened from downwardly revised $2.5 billion in February to $3.4 billion in March. Exports in March fell 4.8%, surpassing the decline in imports of 2.4%. Export volumes declined 2...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:19
FxWirePro: EUR/GBP Holds Above the 0.79 Handle, Focus on UK Services PMI Data EUR/GBP trades a narrow range on the day (15 pips), day's highs at 0.7925 and lows at 0.7910. Upside on Wednesday capped at 0.7947 (Mar 23rd highs), pair holds above the 0.79 handle. 0...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:16
AUD/USD Takes-Out 0.7500, Solid Aus Data Underpins The bid tone around the AUD keeps growing bigger as we head into early European trades, driving the AUD/USD relief rally above 0.75 handle. AUD/USD eyes Wednesday’s high Currently, the AUD/USD pair rises 0.64% to 0...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:13
#JPY has handed back, allowing #USD to rebound slightly from the reached lows. #Investors are waiting for clearer signals regarding what to expect from the U.S. economy, the Fed and the dollar. Find out more by checking out the Source Link...
USD/JPY Ranging Around 107.00 Level The USD/JPY pair on Wednesday moved within a narrow trading range, circling around 107.00 handle, amid thin liquidity on the back of a bank holiday in Japan and EU. The pair on Wednesday retreated from high of 107...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:09
Hello Friends, I am sharing with you a stable trading idea with you. If you follow this idea, there is a good chance to make profit. Before follow this trading idea, please follow the below instruction which I am following personally. 1...
Analytics & Forecasts
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Pankaj D Costa, 5 May 2016, 08:08
EUR/GBP Retreats to 0.7910 Ahead of UK PMI The bid tone around the sterling is prompting EUR/GBP to recede from yesterday’s tops in the mid-0.7900s and test the 0.7910/00 band...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:04
3 Reasons to be Bearish Euro – Nomura Bilal Hafeez, Research Analyst at Nomura, suggests that recently, the euro saw an intra-day high of 1.1616 – while not quite as high as the 1.1714 high seen in August last year when equity markets plunged, it has nevertheless challenged our bearish euro view...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 08:01
CAD: March Trade Deficit Widest on Record – Deutsche Bank Brett Ryan, Research Analyst at Deutsche Bank, notes that on a balance of payments basis, Canada’s March international trade deficit (-C$3.4 billion vs. –C$2.5 billion) was the widest on record. Key Quotes “Exports declined by -4...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:58
UK: Downside Risks to the PMI Services Release - TDS Research Team at TDS, suggests that we’ve seen somewhat less evidence of the EU Referendum weighing on services components of the UK economy so far, but this week’s other PMI releases suggest that uncertainty is finally biting into activity...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:56
USD/CAD: Loonie Rebounds Alongside Oil, 1.2800 Eyed The Canadian dollar halted its 2-day decline and rebounded higher versus the American dollar in the Asian session, sending USD/CAD sharply lower from twelve-day peaks shy of 1.29 handle. USD/CAD heading towards daily pivot at 1...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:54
FxWirePro: Go Long on XAU/USD Above $1282 With Stop Loss at $1275 and Target of $1303 XAU/USD is currently trading around $1280 mark. It made intraday high at $1283 and low at $1277 levels. Intraday bias remains bullish till the time pair holds immediate support at $1270 marks...
Analytics & Forecasts
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Roberto Jacobs, 5 May 2016, 07:41