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EUR/USD Rallies Expected to Struggle at 1.1280/1.1332 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees bullish attempts in the pair losing momentum in the 1.1280/1.1332 band. Key Quotes “EUR/USD continues to recover just ahead of the 1...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:47
Dollar Retreats Broadly on Profit-Taking: May 27, 2016 Market Review - 26/05/2016 22:06GMT Dollar retreats broadly on profit-taking The greenback pushed lower against the other major currencies on Thursday, as market participants continued to lock-in profits from the dollar's recent rally, althou...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:43
USD/JPY Fails Once Again at 110, Drops Sharply to 109.70 The USD/JPY pair failed several attempts to regain 110 handle over the past few hours, and finally broke to the downside in early Europe, as risk-off sentiment returned to markets amid tumbling oil prices...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:39
USD/CAD Upside Capped by 1.30 So Far USD/CAD is posting marginal gains at the end of the week, with gains so far limited around the critical 1.3000 barrier...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:37
EUR/GBP is Undergoing a Retracement - SocGen Research Team at Societe Generale, notes that the EUR/GBP faced resistance at the multiyear descending channel limit near 0.81/0.8150 and has been undergoing a retracement...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:34
AUD/USD Attempting to Build On to its Move above 0.7200 Handle The AUD/USD pair is attempting to build on to its Thursday's minor rebound back above 0.7200 handle to currently trade with marginal gains at 0.7230, still within Thursday's range...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:32
EUR/GBP in a Tight Range Near 0.7630 The bounce off recent lows in the mid-0.7500s has found strong resistance in the low-0.7600s so far, leaving EUR/GBP slightly in red around 0.7630...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:29
Oil Extends Retreat Ahead of US Rigs Data Eyed Oil benchmarks on both sides of Atlantic extend the retreat from seven-month peaks and now looks to breach $ 49 mark, as the bulls take a breather ahead of the US rigs count and GDP data...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:25
Guide to Today's Important Data and Events Not many economic dockets scheduled for today, focus is on GDP number from U.S. Upcoming – France – Consumer confidence in May will be released at 6:45 GMT. Spain – Retail sales for April will be released at 7:00 GMT. Prior 4.4%, expected 3.9...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:23
FxWirePro: USD/JPY Holds Major Support at 109.80, Weakness Only on Break Below USD remains bid as markets digest hawkish speeches from the Fed officials, Fed’s Powell suggested overnight that Fed should raise rates ‘fairly soon’...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 08:18
FxWirePro: AUD/NZD Fails to Break Key Resistance at 1.0747, Good to Sell on Rallies AUD/NZD is trading around 1.0704 marks. Pair made intraday high at 1.0718 and low at 1.0694 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0747 marks. A daily close below 1...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 06:34
USD: New Phase in the Appreciation Cycle – ANZ Daniel Been, Senior FX Strategist at ANZ, suggests that the dollar is back as the recalibration of Fed rate hike expectations drove a sharp recovery in US real yields and a broad USD rally has taken hold...
Currency
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Roberto Jacobs, 27 May 2016, 06:30
AUD/USD Under Pressure on Weaker Commodities, 0.7200 Eyed? The AUD/USD pair failed near Thursday’s high and turned lower from there in the Asian session, now consolidating the previous rally below 10-DMA at 0.7228. AUD/USD targets 0.7200 Currently, the AUD/USD pair trades -0.07% lower at 0...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 06:27
EURUSD Daily Forecast: May 27 2016 EURUSD Forecast The EURUSD had a bullish momentum yesterday topped at 1.1216 and now struggling around the daily EMA 200 as you can see on my daily chart below...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 06:23
ECB Could Take a Further Step This Year - Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank, suggests that as core inflation should tend to disappoint the ECB and the euro looks set to continue appreciating, we expect the central bank to ease its monetary policy again later this year...
Currency
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Roberto Jacobs, 27 May 2016, 06:21 #ECB
GBPUSD Daily Forecast: May 27 2016 GBPUSD Forecast The GBPUSD was indecisive yesterday. Price attempted to push higher, slipped above 1.4700 and the daily EMA 200 as you can see on my daily chart below but unable to make a clear breakout so far and hit 1.4656 earlier today...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 06:14
USDJPY Daily Forecast: May 27 2016 USDJPY Forecast The USDJPY was indecisive yesterday. The bias is neutral in nearest term and we need a clear break from the range area as you can see on my H1 chart below to see clearer direction. Buy around 109.10 or sell around 110...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 06:12
Chart: https://bi0l.blogspot.com/2016/05/usdjpy-intraday-forecast-technical-side_26.html Calculated daily level: Support (S1 / S2 / S3 = 109,482 / 290 / 108.980), resistance (R1 / R2 / R3 = 110,103 / 110,295 / 606). Key level (1st from 109.770 to 109.839 at the end of the day, the 2nd of 110...
Analytics & Forecasts
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oleksandr bilokon, 27 May 2016, 05:53
USDCHF Daily Forecast: May 27 2016 USDCHF Forecast The USDCHF was indecisive yesterday. The bias remains neutral in nearest term probably with a little bearish bias. Overall price is still in a bullish phase after a breakout above 0.9795 targeting 1...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 05:44 #usdchf
ASX200 Breaks Major Resistance 5400, Targets 5485/5530 Major resistance - 5400 Major intraday Support - 5350 ASX200 has broken major resistance 5400 and jumped till 5431. It is currently trading at 5417. Short term trend is slightly bullish as long as support 5350 holds...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 05:41