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Belgium Consumer Confidence At 5-month Low Belgium's consumer confidence deteriorated for a third straight month to its lowest level in five months, survey data from the National Bank of Belgium showed Friday. The consumer confidence index dropped to -7 from -5 in February...
Market News
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Roberto Jacobs, 18 March 2016, 16:21
James Knightley, analyst at ING Bank explained that US University of Michigan confidence fell in March to 90.0 from 91.7 in February versus expectations of a rise to 92.2...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 16:20
U.S. Consumer Sentiment Unexpectedly Drops To Five-Month Low In March Consumer sentiment in the U.S. has unexpectedly fallen to a five-month low in the month of March, the University of Michigan revealed in a report on Friday...
Market News
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Roberto Jacobs, 18 March 2016, 16:19
Dollar Slides Versus Most Majors Ahead Of Consumer Sentiment Index The University of Michigan is scheduled to release its preliminary consumer sentiment index for March at 10 am ET Friday. Economists expect the index to rise to 92.2 from 91...
Currency
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Roberto Jacobs, 18 March 2016, 16:16
Canadian Dollar Extends Rally After Strong Retail Sales Data The Canadian dollar extended its early advance against the other major currencies in European deals on Friday, as Canadian retail sales accelerated at a faster pace in January...
Currency
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Roberto Jacobs, 18 March 2016, 16:13
Gold Recovers from 5-DMA Support Gold found support at 5-DMA level of $1247.87, but remains weak on the day around $1252.45 levels amid minor recovery in the USD index and moderate gains in the US stocks. Is Gold unimpressed by dovish Fed...
Metals
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Roberto Jacobs, 18 March 2016, 16:09
USD/JPY Extends Gains Ahead of Fed Speak The US dollar stays on a front foot against Japanese Yen, pushing USD/JPY higher to 11.60 levels ahead of speeches from Fed’s Rosengren and Dudley...
Currency
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Roberto Jacobs, 18 March 2016, 16:05
Analysts at Rabobank explained that Thursday was a busy day for central banks. As expected the Bank of England left policy on hold yesterday in an unanimous decision...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 15:57
Three months since the U.S. lifted a 40-year ban on oil exports, American crude is flowing to virtually every corner of the market and reshaping the world’s energy map. Overseas sales, which started on Dec. 31 with a small cargo aboard the Theo T tanker, have been picking up speed...
Analytics & Forecasts
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Francis Dogbe, 18 March 2016, 15:50
EUR/USD Attempts a Tepid Bounce to 1.1300 The single currency is trimming earlier losses vs. the dollar, now pushing EUR/USD back to the area of 1.1290/1.1300 ahead of US data...
Currency
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Roberto Jacobs, 18 March 2016, 15:42
That was the week that was It has now been a week since the ECB delivered its latest package of measures and so far, the initial market reaction appears to have been positive...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 15:38 #EUR/USD
GBP/USD Attempting Break Above 1.45 GBP/USD turned positive and is now attempting to break above 1.45 handle after BOE’s quarterly bulletin informed markets about UK economy’s resilience to China slowdown...
Currency
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Roberto Jacobs, 18 March 2016, 15:36
EUR/NZD Analysis for March 18th, 2016 Overview: Recently, EUR/NZD has been moving downwards. The price tested the level of 1.6590. In the H4 time frame, I found support level at the price of 1.6500, which is successfully held...
Analytics & Forecasts
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Roberto Jacobs, 18 March 2016, 15:28
While reading into the cross-market impact on the dollar from equity and rate markets has been somewhat challenging lately, we believe most scenarios will leave the USD on the defensive...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 15:24
The dovish outcome of the March Fed meeting dealt a blow to the FX divergence trade and it has sent the USD tumbling of late. We doubt that this is the end of the multi-year USD bull-run, however, and see the current levels as an opportunity to establish fresh USD-longs...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 15:23
Gold Analysis for March 18, 2016 View : Since our last analysis, gold has been trading downwards. The price tested the level of $1,253.45. Strong resistance level is set at the price of $1,282.80...
Analytics & Forecasts
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Roberto Jacobs, 18 March 2016, 15:20
According to FX Strategist at Scotiabank Eric Theoret, the pair’s outlook looks bearish in the short-term horizon. “GBP gains have run into considerable resistance at 1.45”. “Momentum signals are only modestly bullish and the trend has yet to be confirmed”. “A sustained break of 1...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 15:15 #GBP/USD
USD/CAD Intraday Technical Levels and Trading Recommendations for March 18, 2016 A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450...
Analytics & Forecasts
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Roberto Jacobs, 18 March 2016, 15:14
Intraday Technical Levels and Trading Recommendations for GBP/USD for March 18, 2016 On January 21, after the GBP/USD pair moved below 1.4220, evident signs of bullish recovery were expressed around 1.4075. Hence, previous weekly candlesticks closed above 1.4220 and 1.4360 again...
Analytics & Forecasts
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Roberto Jacobs, 18 March 2016, 15:08
Intraday Technical Levels and Trading Recommendations for EUR/USD for March 18, 2016 In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 and 1.2000 where historical bottoms had been previously set in July 2012 and June 2010...
Analytics & Forecasts
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Roberto Jacobs, 18 March 2016, 15:02