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Nonfarm Payrolls: Who Cares? A new month starts and with it we get a new US Nonfarm Payroll report. The US economy is expected to have added 205K new jobs in March, the unemployment rate is expected to remain steady at 4.9%, while wages are expected to pick up after the decline seen in February...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 13:34
0.77 is the next big test in the Australian dollar’s advance against the US dollar, and it is here where the multi-month advance could fail. The exchange rate has been moving higher in a determined fashion since the start of 2016 and is seen at 0.7673...
Analytics & Forecasts
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Vasilii Apostolidi, 1 April 2016, 13:25
US NFP Preview: 8 Major Banks Expectations from the March Print We are heading closer to the release of US Non-Farm payrolls data for the month of March. As we get closer to the release, here are the expectations as forecasted by the economists and researchers of 8 major banks...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 13:22
GBP/JPY Under a Bear Attack, Nears 130 Handle Sterling bears are flexing their muscles after the release of UK manufacturing PMI release, courtesy of which the GBP/JPY cross has extended losses to 160.23 levels. 10-DMA is now resistance Cross has re-established 10-DMA as a resistance...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 13:19
#USDJPY fell to the middle of the trading range of the past two months, where it will likely remain until the release of the U.S. employment data. Published at night #Tankan manufacturing# index did not affect the situation. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 1 April 2016, 13:08 #Trading
Yesterday #EURUSD has once again recorded growth - the market was closed almost at the important resistance level (February extremum). It is recommended to close long positions and stay out of the market before the release of #NFP. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 1 April 2016, 13:04 #Trading
AUD/USD: Upside Capped by 0.7680/85, US Jobs Eyed The AUD/USD pair is extending its phase of consolidation in the mid-European session, with the bulls taking a breather heading closer towards the crucial US labour market data. AUD/USD trades below daily pivot at 0...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 13:02
Around mid-February, BNP Paribas made substantial changes to its forecasts for EURUSD and expected EURUSD to stand at 1.14 at end Q1 (from 1.04) and 1.16 at end-Q2. (Source: BNP Paribas, eFXplus) Today, as EURUSD has broken its year-high of 1...
Analytics & Forecasts
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Vasilii Apostolidi, 1 April 2016, 12:58 #EUR/USD
GBP/USD Keeps Falling, Tumbles to 1.4280 GBP/USD is now accelerating its daily downside, dropping to fresh lows in the 1.4280 area ahead of US Payrolls. GBP/USD amidst ‘Brexit’ and Payrolls The sterling is falling to fresh 3-day lows vs...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 12:57
Brent Oil Drops on Saudi’s Hardline Stance Oil prices dropped, with Brent now trading well below $40 handle after Saudi’s crown price said his nation would freeze output only if Iran and other nations do so. Rejected at 10-MA Futures were rejected at 10-DMA level of $40...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 12:55
Dear Traders, Bulls take control of both major currency pairs, although the British pound struggled with an extension of its recent gains. As noted in previous analysis, we still expect the pound to come under renewed pressure in the near-term and we anticipate a drop towards 1.4280 and 1.42...
Analytics & Forecasts
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maimarfx, 1 April 2016, 12:54
US Jobs Report will be the Focus for Markets - BBH Research Team at BBH, suggests that the March US jobs report will be the focus for markets today. Key Quotes “Consensus is 205k vs. 242k in February. We think there is risk of an asymmetric market reaction...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 12:52
USD Still Vulnerable ahead of NFP Report – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar continues to remain on the defensive ahead of the release today of the latest non-farm payrolls report...
Currency
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Roberto Jacobs, 1 April 2016, 12:49
JPY: Stronger Yen Hits Business Confidence in Japan - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the weakness in the Japanese equity market and the strengthening of the yen likely reflects as well a further loss of investor confidence in Abenomics following the release overnight of...
Currency
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Roberto Jacobs, 1 April 2016, 12:47
Euro Rises As Eurozone Manufacturing Growth Improves The euro strengthened against the other major currencies in the Asian session on Friday, after data showed that the Eurozone manufacturing growth improved more than initially estimated in March...
Currency
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Roberto Jacobs, 1 April 2016, 12:43
Pre US Open, Daily Technical Analysis Friday, April 01, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: further upside. Pivot: 1.1365 Most Likely Scenario: long positions above 1...
My Trading
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Mohammed Abdulwadud Soubra, 1 April 2016, 12:41
US: Less Dovish Fed Speak – Investec Research Team at Investec, notes that in terms of US economic data yesterday, the main takeaway was further improvement in US manufacturing, with the March Chicago PMI reading showed an increase of 6pts last month to a better than expected 53.6 (vs. 50...
Currency
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Roberto Jacobs, 1 April 2016, 12:40
GBP: Final Reading of Q4 UK GDP Revised Up – Investec Research Team at Investec, notes that yesterday saw UK Quarterly GDP growth for Q4 last year was revised up a touch, to +0.6% from +0.5% previously estimated. Key Quotes “For the year 2015 as a whole, growth was also revised up by 0.1pp, to 2...
Currency
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Roberto Jacobs, 1 April 2016, 12:37
Indonesian Bond Climbs on Fuel-Price Cut Expectation The Indonesian sovereign bonds rose on Friday, pushing the 10-year yield down the most in a month, on speculation a cut in domestic fuel prices will keep inflation in check. The price consumers pay for gasoline was lowered 7...
Market News
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Roberto Jacobs, 1 April 2016, 12:35
EUR/GBP Pushes Higher Near 0.7980 The march north in EUR/GBP continues unabated today, currently testing fresh more than 1-year highs around 0.7980. EUR/GBP boosted by GBP-selling The European cross is trading in levels last seen in late December 2014 near 0...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 12:32