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FXWIREPRO: USD/KRW Hovers Around Key Support at 1142, Intraday Bias Remains Neutral USD/KRW is currently trading around 1143 levels. It made intraday high at 1144 and low at 1142 levels. Intraday bias remains neutral for the moment...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 06:39
Inflation Could Splinter FX Gains - Nomura Bilal Hafeez, Research Analyst at Nomura, suggests that the core inflation is on the rise in the US, which may mean the Fed is falling behind the curve, and oil prices have been having a major impact on CPI measures that central banks target...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 06:37
ASX200 Breaks Major Resistance 5000, Targets 5130 Major support 4900 ASX200 has broken major resistance 5000 and jumped till 5040. It is currently trading at 5036. Short term trend is slightly bullish as long as support 4965 (200 day HMA) holds...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 06:35
Gold Under Pressure in Asia on Improved Risk Sentiment Gold extended its overnight retreat in the Asian session, and now consolidates near the lower band of today’s daily range as risk-on trades pick up pace. Gold moves-off fresh four-week tops Currently, gold trades 0.11% lower at 1252...
Metals
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Roberto Jacobs, 13 April 2016, 06:33
Sell GBP/USD and USD/CAD Strength, Buy NZD/USD on Dips – Westpac Research Team at Westpac, suggests that the GBP/USD remains high on their sell list. Key Quotes “We sell GBP/USD at 1.4450, stop 1.4610...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 06:29
AUD/JPY Consolidating the Upside Below 84 Post-China Trade The AUD/JPY cross extended its winning streak into a fourth day today and reversed Thursday’s entire slide as the bulls were bolstered by improved risk appetite as well as strong China’s exports and imports data...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 06:27
Asian Stocks Through the Roof, Oil Rally, China Trade Underpin The stocks on the Asian bourses joined the global risk-on rally this Wednesday, taking the positive lead from strong gains seen in the black gold yesterday, which buoyed the sentiment around the energy and resource stocks...
Market News
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Roberto Jacobs, 13 April 2016, 06:24
A British vote to leave the EU risks causing severe economic and political damage to Europe that will spill over into an already febrile world economy, the International Monetary Fund has warned...
Analytics & Forecasts
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Francis Dogbe, 13 April 2016, 06:23 #IMF
AUD/USD Storms Through 0.7700 on Upbeat Chinese Exports The bullish momentum around the AUD/USD pair gained further traction after the Chinese trade data showed that exports and imports improved last month. AUD/USD sees a 30-pips rally post-China data Currently, the AUD/USD pair rockets 1...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 06:19
USD/JPY Making Another Attempt Towards 109? The USD/JPY pair caught fresh bid-wave in the Asian morning this Wednesday, making a fresh recovery attempt in a bid to conquer 109 once again...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 06:15
EUR/JPY: Bulls in Command, 124 Back on Sight The persisting risk-on market profile boosted the risk currency US dollar across the board, aiding the recovery in EUR/JPY for the second straight session. EUR/JPY supported at hourly 100-SMA at 123.52 The EUR/JPY pair jumps 0...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 06:13
The Federal Reserve should wait for more evidence that U.S. inflation is progressing back toward 2 percent before raising interest rates again, Philadelphia Fed President Patrick Harker said on Tuesday...
A British vote to leave the EU risks causing severe economic and political damage to Europe that will spill over into an already febrile world economy, the International Monetary Fund has warned...
Analytics & Forecasts
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Francis Dogbe, 13 April 2016, 06:06
Valeria Bednarik, chief analyst at FXStreet noted that the American dollar retained the weak tone against most of its major rivals during the Asian session, with most pairs confined to tight ranges in response to a light economic calendar ever since the week started...
Analytics & Forecasts
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Vasilii Apostolidi, 12 April 2016, 23:40 #EUR/USD
The decline in the Canadian Dollar (loonie) during 2014-15, as a result of the falling price of oil, has been excessive, argues a leading foreign exchange analyst and strategist. There is a high correlation between the price of oil and the value of the Canadian Dollar...
Analytics & Forecasts
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Vasilii Apostolidi, 12 April 2016, 23:13
*BNP Paribas (French pronunciation: ​[be ɛn pe paʁibɑ]) is a French multinational bank and financial services company with global headquarters in Paris.[4] BNP Paribas is one of the largest banks in the world...
Analytics & Forecasts
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Vasilii Apostolidi, 12 April 2016, 22:46
Selling GBP/USD into trend line resistance near 1.4360 is supported by the lack of momentum shown by RSI, notes Bank of America Merrill Lynch. "However, if resistance starts to break, the trend would also be breaking above the weekly linear resistant trend line...
Analytics & Forecasts
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Vasilii Apostolidi, 12 April 2016, 22:44 #forex
EUR/USD has consolidated within the past week just under a major resistance zone around the 1.1450-1.1500 area. In the process, the currency pair has formed a key bullish flag pattern that could be poised for a breakout if the dollar continues its recent weakening trend...
Analytics & Forecasts
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Francis Dogbe, 12 April 2016, 22:01 #resistance, support
There are three highlights to the foreign exchange market today. First, the yen is marginally softer. The yen's strength this month has been the main development...
Analytics & Forecasts
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Francis Dogbe, 12 April 2016, 21:52 #inflation
Negative interest rates, which central banks in several countries have implemented as a way to spur economic growth, is a radical move. In the last of a three-part series, ‘Negative Thinking,’ commentator Satyajit Das examines this policy and its risks...
Market News
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Francis Dogbe, 12 April 2016, 21:49 #Interest Rate