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Asia Roundup: Antipodeans Head for Weekly Losses, Dollar steady After Hitting 17-Month Low Vs Yen - Asian Shares Extend Losses Market Roundup Japan FinMin Aso – Current FX moves one-sided, rapid moves undesirable, will take necessary steps vs FX moves as needed...
Market News
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Roberto Jacobs, 8 April 2016, 09:49
FXWIREPRO: BTC/USD Trades Well Above $400, Good to Buy at Dips Major support - $400 BTC/USD has slightly recovered till $422 after making a low of $403.It is currently trading around $420.66. Short term trend is slightly bullish as long as support $400 holds...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 09:44
Should BoJ Intervene in Yen? We at FxWirePro, think they should not. Even if they still do, it may not yield the result they are looking for. Reasons being simple – According to G20 agreement, currency intervention to exploit trade benefits through competitive devaluations are not to be practiced...
Currency
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Roberto Jacobs, 8 April 2016, 09:41
European Stocks Advance as Commodity Shares Rally Oil price gains and the resulting rise in commodity shares pushed the major European indices higher in early trading on Friday. At the time of writing, pan-European Euro Stoxx 50 index was up 1.10%. Germany’s DAX and France’s CAC were up 0...
Market News
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Roberto Jacobs, 8 April 2016, 09:38
Technical Analysis of USD/CHF for April 08, 2016 USD/CHF is expected to trade in a lower range as the pair is under pressure. The pair remains on the downside after swinging off yesterday's low of 0.9520, showing a pattern of lower highs...
Technical Analysis of NZD/USD for April 08, 2016 NZD/USD Intraday: Key resistance is at 0.6820. The pair remains weak below its nearest key resistance at 0.6820 and is likely to challenge its support at 0.6755 in sight...
Technical Analysis of GBP/JPY for April 08, 2016 GBP/JPY is expected to trade in a lower range as key resistance is at 153.70. The pair has been capped by its descending 50-period moving average and remains under pressure...
UK Manufacturing Production Preview: What to expect of GBP/USD? UK manufacturing production numbers due for release today are likely show the output contracted in February. Manufacturing production is seen falling 0.2% m/m and 0.7% y/y. Meanwhile, industrial production is seen rising 0...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 09:29
USD Lacks Underlying Support - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that a spike in risk aversion may save the USD on selected crosses near term but the beyond that the currency lacks underlying support...
Currency
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Roberto Jacobs, 8 April 2016, 09:27
GBP/USD Downside Risks on the Rise – UOB The research team at UOB Group has noted GBP faces risks of further downside in the near term...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 09:10
Elliott Wave Analysis of EUR/NZD for April 8 - 2016 Wave summary: We continue to look for upside acceleration and expect this will be seen once resistance at 1.6874 is overcome. In the longer term, we are looking for a strong rally in wave [iii] higher towards 1.8550...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 09:07
Elliott Wave Analysis of EUR/JPY for April 8 - 2016 Wave summary: We continue to look for a decline to 120.98 (red wave iii), where red wave iii will be 161.8% longer than red wave i. Once red wave iii is in place near 120...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 09:05
GBP/USD Turns Negative Near 1.4060, UK IP in Focus The GBP/USD pair is seen surrendering in the European morning, and drifts lower towards daily lows as markets remain wary ahead of the crucial UK industrial and manufacturing output numbers. GBP/USD losing sight of 1.41 handle...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 09:02
Riksbank Could Stay ‘On-Hold’ in April – Danske Bank According to Senior Analyst at Danske Bank Sverre Holbek, the Riksbank could stay put at its meeting later in the month...
Currency
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Roberto Jacobs, 8 April 2016, 09:00
EUR/USD Risks a Test of 1.1144 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could attempt a visit to recent lows in the 1.1140 area. Key Quotes “EUR/USD charted another new high (1...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 08:57
GBP/JPY Breaks Minor Resistance 153, Jump Till 154/154.95 Is Possible Major Intraday resistance -153 (1 H Kijun-Sen) Major intraday support – 152.50 (1 H Tenken-Sen) GBP/JPY has broken major intraday resistance 153 and jumped till 153.23 at the time of writing .It is currently trading around 153...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 08:54
FXWIREPRO: NZD/CAD Faces Minor Resistance Around 0.8970, Good to Sell on Rallies Minor resistance 0.8970 Major support -0.8850 The pair has slightly recovered after making a low of 0.8872. It is currently trading around 0.88835. Intraday trend is weak as long as resistance 0.8970 holds...
Analytics & Forecasts
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Roberto Jacobs, 8 April 2016, 08:52
Technical Analysis of EUR/USD for April 08, 2016 When the European market opens, some economic news will be released such as French Industrial Production m/m, French Gov Budget Balance, German Trade Balance. The US will release economic data too such as Wholesale Inventories m/m...
Technical Analysis of USD/JPY for April 08, 2016 In Asia, Japan will release the Economy Watchers Sentiment, Consumer Confidence, Current Account and the US will release some economic data such as Wholesale Inventories m/m...
China: Stabilisation of March FX Reserves - Nomura Research Team at Nomura, notes that China’s headline FX reserves rose by USD10.3bn m-o-m in March to USD3.213trn compared with our expectation of a small USD10.0bn decline (we forecast headline reserves at USD3.192trn...
Currency
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Roberto Jacobs, 8 April 2016, 08:43 #China