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The pound to Australian dollar's week-long recovery is in danger of being brought to an end as solid Australian fundamentals and a possible rebound in commodities could reinvigorate the Aussie side of the pair...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 23:06
It's official: June is off the table. On Tuesday, Federal Reserve Chair Janet Yellen delivered remarks before the Economic Club of New York. The tone was decidedly dovish, with the dollar falling, Treasurys rallying, and stocks moving higher following the speech's release...
Market News
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Francis Dogbe, 29 March 2016, 23:06 #Fed
The euro was expected to remain in a rough $1.1100 to $1.1400 in the near-term, despite the event risk stemming from various key global data sets due out this week. There are mixed views about the bigger picture, with much hinging on when the Federal Reserve will raise interest rates again...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 22:53 #forex
The USDJPY is down testing trend line support. That level comes in at 112.72 currently. IN the process, the sellers are moving further away from the 100 hour MA (blue line). The 38.2% and 200 hour MA will be targeted on a break...
Analytics & Forecasts
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Francis Dogbe, 29 March 2016, 22:50
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: We are bearish and would prefer to use upticks around 1.1265 as an opportunity to sell at better levels...
US: Consumers Remain Frustrated by Sluggish Income Growth - Wells Fargo According to analysts from Wells Fargo, despite the increase in consumer confidence in March, the headline looks better than the underlying details as consumers remain frustrated by sluggish income growth...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 21:01
USD/JPY: Bears Testing 4hr100 SMA After Yellen's Q&A's USD/JPY sold off on a broadly weak dollar on the back of a dovish outcome in Yellen's speech today and Q&A's that are taking place at the Economic Club of New York...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 20:55
Dollar Weakening After Yellen Stresses Need For Caution The dollar is losing ground against all of its major rivals Tuesday afternoon. The U.S. currency began to weaken after Federal Reserve Chair Janet Yellen's highly anticipated speech to the Economic Club of New York this afternoon...
Currency
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Roberto Jacobs, 29 March 2016, 20:50
FXWIREPRO: GBP/USD Intraday Upside Momentum Strong After Fed Yellen Comments The pair has found renewed bullish momentum after Fed yellen comments, breaking strong resistance at 1.4269 and is moving upwards to test next resistance level at 1.4377. The pair is trading around 1...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 20:45
Brent: Oil Market is Now Uncertain According to US Energy Department, last week oil and oil products reserves in the USA increased by 9.357 million barrels. Statistics released by API showed that oil reserves have increased by 8.7 million barrels...
Market News
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Roberto Jacobs, 29 March 2016, 20:39 #Brent
Brent: The Price can Go Below the Level of 41.50 The price of crude oil Brent failed to overcome resistance level of 41.50, which was mentioned in our previous review of 23.03.2016 “the rise can be continued in case of breakdown of the levels of 41.50 and 42...
Crude Oil
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Roberto Jacobs, 29 March 2016, 20:36 #Brent
BoJ to Add Stimulus in April...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 20:29
USD Tumbles in the Market on Yellen Comments The US dollar dropped sharply after the release of Janet Yellen speech, that was seen as dovish by market participants...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 20:22
EUR/USD: Bulls Take Charge on an Uncertain and Dovish Fed EUR/USD has rallied to1.1263 so far ahead of Yellen's presser after a speech she is currently making at the Economic Club of New York...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 20:19
Yellen: Appropriate for Fed to Proceed Cautiously with Rate Hike Janet Yellen, Chair of the Federal Reserve, said today in New York that the central bank must move with caution regarding interest rate hikes given the current outlook. She mentioned that inflation expectation may have drifted lower...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 20:15
GBP/USD: Bulls Target 1.44 Handle on Dovish Yellen GBP/USD has rallied from 1.4280 to make fresh highs which are rising at time of writing towards the half way point on the 1.43 handle after Yellen's dovish tone speaking in New York today...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 20:12
• EUR/CHF is trading mixed since it failed to reach 1.1000 which shows that short-term bearish pressures are still lively. Hourly support can be found at 1.0874 (23/03/2016 low) while hourly resistance is given at 1.1023 (10/03/2016 high). Expected to show continued weakness...
Analytics & Forecasts
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Francis Dogbe, 29 March 2016, 19:35
It’s been only weeks since the Fed’s dovish decision in March, so it’s no surprise today’s speech by Yellen didn’t diverge much from the wait and see stance adopted by the FOMC...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 19:06 #Fed
The GBP has lost almost 10% since the autumn peak in effective terms and stabilised somewhat in March, supported by global risk sentiment and higher oil prices. We have seen the worst by now. GBP/USD has bottomed with oil Interestingly, GBP/USD has been trading closely with oil prices...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 18:47 #GBP/USD
For more than a century, the Economic Club of New York has served as one of the nation's leading nonpartisan forums for discussion of economic policy issues. It is an honor to appear before you today to speak about the Federal Reserve's pursuit of maximum employment and price stability...
Market News
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Gabriel D Arco, 29 March 2016, 18:33