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USD Continues to Suffer - Investec Research Team at Investec, suggests that yesterday currency markets enjoyed a 'risk on' feel as the US Dollar continued to suffer in the aftermath of Fed Chair Janet Yellen's cautious rhetoric on Tuesday...
Currency
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Roberto Jacobs, 31 March 2016, 11:44
Headlines crossed the wires from China's State Administration Of Foreign Exchange (SAFE) - PBOC’s foreign exchange regulatory agency: Current account surplus to continue in 2016 Capital and financial account to see deficit Cross border capital flow risks under control China’s forex reserves still...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 11:43
Analysis : Channel Up identified at 31-Mar-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 125.37 within the next 3 days. Resistance Levels : ( B ) 127.84Last resistance turning point of Channel Up. Support Levels...
Charts
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Lahcene Ouled Moussa, 31 March 2016, 11:43
EUR/GBP Hovers Over 0.7900 on EMU Data EUR/GBP keeps the 0.7900 area in the wake of the release of flash inflation figures in the euro area. EUR/GBP bid after data releases The European cross keeps its daily gains near the 0...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 11:42
Technical Analysis of GBP/CHF for March 31, 2016 Technical outlook and chart setups: The GBP/CHF pair is showing mixed signals for now and it is trading lower at 1.3830 levels. Please note that the pair has stalled and reversed from the Fibonacci 0.618 resistance of the drop between 1.4050 and 1...
We argue that the EUR is underpricing the potential economic disruption related to Brexit and shorting EUR/USD is a cheaper way than shorting GBP/USD to hedge for such a possibility...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 11:25
The Dollar was moderately lower against the other major currencies on Tuesday, despite the release of upbeat US consumer confidence data as investors remained cautious ahead of a speech by Federal Reserve Chair Janet Yellen...
Analytics & Forecasts
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Zheng Zhang Loh, 31 March 2016, 11:14
The US economy seems to have peaked around the end of 2014/early 2015. Tightening in financial and monetary conditions appears to have been the driver...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 11:07
SNB ready to act: The SNB has given enough reason to believe that it will fight the CHF strength. The bank hasn’t changed its tone lately. Its latest message is that the CHF is “significantly overvalued”, which we agree with...
Analytics & Forecasts
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Vasilii Apostolidi, 31 March 2016, 11:04
EUR/USD: Neutral: Increasing upside risk. There is no change to view wherein we continue to see increasing upside risk but it is unclear if EUR can break convincingly above the 1.1375 resistance (the lower 1.1342 resistance was breached overnight with a high of 1.1364...
Technical Analysis of USDX for March 31, 2016 The Dollar index continued its slide towards the previous low of 94.60 and for now it holds above it. As I said yesterday, the price was more likely to move to new lows but we should be looking closely for the possibility of a double bottom formation...
Technical Analysis of Gold for March 31, 2016 Gold remains inside the short-term bearish channel and as we expected from our previous analysis, the price has made a lower high around the $1,235-40 area and is pulling back down...
Technical Analysis of USD/CHF for March 31, 2016 USD/CHF is expected to trade in a lower range as key resistance is at 0.9715. Despite the recent technical rebound, the pair remains under pressure below its nearest resistance at 0.9715. The relative strength index lacks upward momentum...
Technical Analysis of NZD/USD for March 31, 2016 NZD/USD is expected to trade in a higher range, with a bullish bias above 0.6845. The pair is currently consolidating, but still holds above its key support area around 0...
Technical Analysis of GBP/JPY for March 31, 2016 GBP/JPY is expected to trade in a lower range as the pair is under pressure. The pair stays on the downside and remains under pressure below its key resistance at 161.85. The descending 50-period moving average maintains a bearish bias...
Elliott Wave Analysis of EUR/NZD for March 31 - 2016 Wave summary: We have likely seen a low at 1.6229 just above the 1.6210 target. To confirm that a low has been seen, we need a break above minor resistance at 1.6508 and, more importantly, a break above resistance at 1...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 10:06
Elliott Wave Analysis of EUR/JPY for March 31 - 2016 Wave summary: We continue to look for more corrective upside pressure close to 128.91 before the final decline to below 122.06 is ready to take over for the final decline closer to 117...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 10:03
Technical Analysis of EUR/USD for March 31, 2016 When the European market opens, some economic news will be released such as the Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, German Unemployment Change, Spanish Flash CPI y/y, French Prelim CPI m/m, French Consumer S...
Technical Analysis of USD/JPY for March 31, 2016 In Asia, Japan will release the Housing Starts y/y and the US will release some economic data such as Natural Gas Storage, the Chicago PMI, Unemployment Claims, and Challenger Job Cuts y/y...
Daily Analysis of Major Pairs for March 31, 2016 EUR/USD: The EUR/USD pair broke further upwards on Wednesday, testing the resistance line at 1.1350. There is a Bullish Confirmation Pattern on the 4-hour chart...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:55