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US Really Ready for Hike as Markets Confused and Yellen Speaks Today – Investec Research Team at Investec, notes that over the Easter Bank Holiday weekend, the US Dollar stumbled after what had been several sessions of strength on increasing rate hike optimism...
Market News
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Roberto Jacobs, 29 March 2016, 12:54
EUR/USD Turns Positive Near 1.1200 A bout of selling pressure around the greenback is allowing EUR/USD to regain the positive territory and the 1.1200 handle. EUR/USD advances as USD retreats Spot has managed to bounce off session lows near 1.1170 and regain the 1...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 12:51
Trading resumes after the Easter holiday. The multi-week trend is bullish since mid-February and the March 10 low of 6006 is the trend defining low, being the most recent swing low after that of February 24. Please see the chart below...
Analytics & Forecasts
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Seth Dompreh, 29 March 2016, 12:49
Pound Rises As European Equities Rebound After Long Weekend The British pound strengthened against the other major currencies in the European session on Tuesday, as investors return to trading following a long holiday weekend and await remarks from Fed Chair Janet Yellen on the U.S...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 12:47
AUD/USD: GLOBAL DRIVERS… Easter was marked by a general firming in the USD, driven by Q4 GDP and further hawkish remarks by Fed speakers. However, last night’s personal consumption report saw some of this USD strength unwind. The AUD will continue to trade with global sentiment and commodities...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 12:45 #AUD/NZD
A marked pickup in U.S. household sentiment may drag on EUR/USD as it puts increased pressure on the FOMC to further normalize monetary poli...Continue Reading...
Analytics & Forecasts
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Seth Dompreh, 29 March 2016, 12:44
Calculated level for today: Support (S1 / S2 / S3 = 1,4155 / 16 / 1.4054) and resistance (R1 / R2 / R3 = 1,4279 / 1,4318 / 1,4380). Key support levels (1st from 1.4138 to 1.4209 late in the day, the 2nd of 1.4119 to 1.4195...
Analytics & Forecasts
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oleksandr bilokon, 29 March 2016, 12:40
The US Dollar may rise as comments from Fed officials boost speculation that the central bank will deliver more interest rate hikes than markets have accounted for. Continue Reading...
Analytics & Forecasts
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Seth Dompreh, 29 March 2016, 12:35
Daily Analysis of Major Pairs for March 29, 2016 EUR/USD: This pair moved sideways on Monday, just like its USD/CHF rival. A movement below the support line at 1.1050 would easily render the recent bullish outlook invalid...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 12:30
EUR/GBP Deflates to 0.7840, Session Lows The now increasing buying interest around the sterling is sending EUR/GBP to the area of session lows near 0.7840. EUR/GBP lower on GBP-buying The European cross is navigating fresh 5-day lows around 0...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 12:22
Fed’s Williams Expects to See Rates Rising Gradually Speaking in Singapore, San Francisco Fed president John Williams repeated that he sees rates rising gradually. Key Quotes: There’s a way to go before Fed shrinks balance sheet Recent inflation developments are very encouraging...
Market News
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Roberto Jacobs, 29 March 2016, 12:20
Channel Up identified at 29-Mar-03:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.412 within the next 22 hours. Resistance Levels Support Levels ( A ) 0.9721Last support turning point of Triangle...
Charts
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Lahcene Ouled Moussa, 29 March 2016, 12:17
Pound Rises Against Majors The British pound strengthened against the other major currencies in the European session on Tuesday. The pound rose to nearly a 2-week high of 162.28 against the yen and a 1-week high of 0.7839 against the euro, from early lows of 161.34 and 0.7872, respectively...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 12:16
BOJ Policy on Way to Trigger Fiscal Stimulus Bank of Japan’s (BOJ) massive monetary stimulus may not have boost inflation much so far and economy is struggling to recover post sales tax hike of 5% but it is on its way to boost fiscal policy and lead to the release of fiscal stimulus by the govern...
Market News
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Roberto Jacobs, 29 March 2016, 12:14
Estimated level: Support (S1 / S2 / S3 = 0,9724 / 08 / 0.9684) and resistance (R1 / R2 / R3 = 0,9772 / 0,9788 / 0,9812). Key resistance levels (1st from 0.9758 to 0.9750 late in the day, the 2nd of 0.9769 to 0.9753...
Analytics & Forecasts
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oleksandr bilokon, 29 March 2016, 12:14
GBP/USD Retests Hourly 200-SMA at 1.4265 The GBP/USD pair recovered losses and swung higher from a brief dip below 1.42 handle, now heading for a test of 1.43 handle amid improved risk-sentiment. GBP/USD bounces-off lows near 1.4200 The GBP/USD pair rises 0.08% to fresh session highs of 1...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 12:10
BNP Paribas expects both of the official and the Caixin/Markit PMIs to tick higher from their respective readings of 49 and 48 on Friday. "The unwinding of a seasonal drag from the Lunar New Year and a strong recovery in the property market all argue in favour of some firming in the numbers...
Analytics & Forecasts
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Vasilii Apostolidi, 29 March 2016, 12:10
GBP/JPY Nears 38.2% Fibo Resistance GBP/JPY pair regained bid tone following a minor bout of weakness in Europe and is now looking to test 162.47 (38.2% of 175.02-154.72). Trades at two-week high At 162.20, the cross is trading at its highest since March 15th...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 12:08
USD Looks ‘Cheap’ – Danske Bank In opinion of Jens Pedersen, Senior Analyst at Danske Bank, the greenback could be poised for further upside...
Analytics & Forecasts
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Roberto Jacobs, 29 March 2016, 12:06
EUR/JPY: Bulls Eyeing March 11 High Offered tone around Yen continues to gather pace, with EUR/JPY cross looking poised to test key technical hurdle of 127.29 (Mar 11 high). European stocks rally, weigh over EUR The cross appears to have lost steam as it approached 127...
Currency
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Roberto Jacobs, 29 March 2016, 12:03