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FXWIREPRO: USD/JPY Hovers Around Key Resistance at 108.04, Intraday Bias Remains Slightly Bullish USD/JPY is currently trading around 108.17 marks. It made intraday high at 108.26 and low at 107.87 levels. Today Japan released bank lending data with negative numbers at 2.0% m/m vs 2...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 06:29
Negative Interest Rate Economies: Spot the Odd One Out – Deutsche Bank Oliver Harvey,Macro strategist at Deutsche Bank, suggests that Central banks’ experiment with negative interest rates continues apace this year, with the BoJ the latest to have dipped a toe in the water and the ECB edging furt...
Currency
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Roberto Jacobs, 12 April 2016, 06:26
Gold Retreats From 3-Week Highs on Profit-Taking Gold failed to sustain at multi-week peaks and retraced a part of overnight gains in the mid-Asian trades, as a profit-taking spree hit the markets ahead of the Chinese data due tomorrow. Gold corrects lower in Asia Currently, gold trades -0...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 06:24 #gold
JPY: Further Weakness in Inflation Forecasts – Nomura Yujiro Goto, Research Analyst at Nomura, suggests that the private forecasters continue to lower their Japanese inflation forecasts, according to the JCER survey (28 March to 4 April...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 06:21
USD Longs Fall Sharply, Now the Market is Almost Flat – Deutsche Bank Research Team at Deutsche Bank, notes that the IMM data has confirmed that investors sharply reduced their long dollar exposure, taking implied USD longs as a fraction of open interest to 4% from 8% in the previous week...
Currency
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Roberto Jacobs, 12 April 2016, 06:19
AUD: BS Shows Significant Improvement in Business Conditions and Confidence - NAB Research Team at NAB, notes that the Australia’s NAB Business Survey revealed a significant improvement in both business conditions and confidence, suggesting the domestic business environment not only remains favou...
Market News
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Roberto Jacobs, 12 April 2016, 06:17
AUD/JPY Firmer, Pierces Through 82.50 Resistance The AUD/JPY cross remains strongly bid in the Asian trades, mainly driven by renewed strength in the AUD/USD pair after OZ business conditions hit 2008 highs last month. AUD/JPY at four-day high The AUD/JPY pair now jumps +0.70% to 82...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 06:15
EUR/USD Better Bid Above 1.1400, Awaits Fresh Impetus The EUR/USD pair extends its overnight consolidative phase into mid-Asia, after having failed near 2016 highs in the last NY session, as bulls await fresh incentives in the day ahead for further upside...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 06:13
AUD/USD Testing Monday’s High on Aus Data, Above 0.7600 AUD/USD extends gains beyond 0.76 handle post-China open, with the upbeat Australian confidence gauge adding to the favourable market sentiment in Asia. AUD/USD rises for 3rd straight session Currently, the AUD/USD pair rises 0...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 05:16
Deutsche Bank has an interesting argument for why the Federal Reserve may not be able to raise interest rates at all this year...
Market News
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Francis Dogbe, 12 April 2016, 05:11 #Fed
For poor Americans, the place they call home can be a matter of life or death. The poor in some cities — big ones like New York and Los Angeles, and also quite a few smaller ones like Birmingham, Ala...
Other
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Francis Dogbe, 12 April 2016, 05:07
Europe's economic malaise has a lot to do with its crippled banking system. Making that system more fragile seems like the wrong way to address the issue...
Market News
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Francis Dogbe, 12 April 2016, 00:33
The yen's surge may be easing. It made a new marginal high in Asia, but has not been able to sustain it Technically, a hammer candlestick pattern may be traced out by the greenback's recovery today. Supporting the greenback is the movement in interest rate differentials...
Analytics & Forecasts
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Francis Dogbe, 12 April 2016, 00:29
Many analysts had anticipated that a dramatic drop in oil prices such as we’ve seen since the summer of 2014 could provide a big stimulus to the economy of a net oil importer like the United States. That doesn’t seem to be what we’ve observed in the data...
Analytics & Forecasts
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Francis Dogbe, 12 April 2016, 00:26
SPX500: Bull Flag Ahead of US Earnings Kick-Off Talking Points: S&P 500 Technical Strategy: Flat. Conditional long + short setups identified. US stock prices remain well-supported while European and Japanese equities are putting in more divergent reads...
Analytics & Forecasts
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Mohammed Abdulwadud Soubra, 11 April 2016, 23:48
The Canadian dollar held a firm tone versus the greenback Monday, ahead of this week's Bank of Canada meeting, where policy is expected to remain unchanged, but growth projections may be revised higher...
Analytics & Forecasts
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Vasilii Apostolidi, 11 April 2016, 23:10 #forex
S&P 500: tactical rally from February at risk: We highlighted 2044-2022 as key nearby S&P 500 support for April...
Analytics & Forecasts
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Vasilii Apostolidi, 11 April 2016, 23:07 #S&P 500
Currency investors should consider selling NZD/CAD this week, advises CitiFX in its weekly FX pick to clients. "Short NZDCAD represent expectations on oil, a more optimistic BOC, and our greater caution on the valuation of NZD currently...
Analytics & Forecasts
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Vasilii Apostolidi, 11 April 2016, 22:53 #forex
The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: Our decision to turn bearish is being frustrated by the lack of downside follow through...
Gold Reaches 3-Week High Spot gold surged to a fresh 3-week high of $1,258.66 an ounce on Monday, fueled by a weaker dollar and decreasing expectations of a US rate hike as the Fed remains dovish. Gold for June delivery settled roughly 1.0% higher and trades around 1,256...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 21:52 #gold