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The current theme on the market is to sell USD’s, but after some heavy losses in the wake of the FOMC, we may see some moderation set in, especially ahead of the weekend. All the major pairings are losing a little traction, and even USD/JPY looks to have moderated since the 111...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 09:10
Technical Analysis of USD/CHF for March 18, 2016 USD/CHF is expected to trade in a lower range and continue its downside movement. The pair is heading downward, capped by its falling 50-period moving average. Currently trading at 0...
Technical Analysis of NZD/USD for March 18, 2016 NZD/USD is expected to continue its upside movement. The pair is in a solid uptrend, supported by its ascending 50-period moving average...
Technical Analysis of GBP/JPY for March 18, 2016 GBP/JPY is expected to trade with a bullish bias. The pair, which is trading around the 20-period (30-minute chart) moving average, is retesting the first upside target at 161.85...
Elliott Wave Analysis of EUR/NZD for March 18, 2016 Wave summary: Overnight a spike to a low of 1.6435 has been seen. This likely marks the end of a small wave two correction and a minor wave three higher is about to take off...
Analytics & Forecasts
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Roberto Jacobs, 18 March 2016, 08:52
Dirk Schumacher, Research Analyst at Goldman Sachs, notes that the SNB, as widely expected, left policy rates unchanged at its March policy meeting...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 08:51
18 March 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 12:30 Core CPI m/m CAD High 0.3% 0.5% Neutral 12:30 Core Retail Sales m/m CAD High -1.6% 0.6% Neutral 12:30 CPI m/m CAD Med. 0.2% 0...
Analytics & Forecasts
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Mohammed Abdulwadud Soubra, 18 March 2016, 08:49
Dollar Tumble Impressive Technically, Capable Fundamentally Talking Points: The Dollar's tumble after the Fed decision continues with a technical development that suits a reversal While the Greenback can slide as its previous untouchable rate advantage fades, it isn't a universal opportunity With...
Analytics & Forecasts
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Mohammed Abdulwadud Soubra, 18 March 2016, 08:45
Pre European Open, Daily Technical Analysis Friday, March 18, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the upside prevails. Pivot: 1.1240 Most Likely Scenario: long positions above 1...
My Trading
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Mohammed Abdulwadud Soubra, 18 March 2016, 08:39
Henry Ohlsson, Deputy Governor of the Riksbank, argued that the current low level of interest rates could last until June/July 2017, and they’re expected to rise gradually since then. In this tone, Praet somewhat warned households who are trying to borrow money in order to buy a house...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 08:35
Robin Bhar, Research Analyst at Societe Generale, suggests that they remain bearish about the gold price over the forecast period. “However, we have increased our average gold price forecast for 2016 to $1,150/oz, in part because of gold’s stellar start to 2016...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 08:32 #gold
Elliott Wave Analysis of EUR/JPY for March 18, 2016 Wave summary: There is a rally; nothing new to add here. We continue to expect minor resistance at 126.70 will protect the upside for a break below minor support at 125.05 calling for renewed downside pressure towards 122.06 and lower to 119.90...
Analytics & Forecasts
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Roberto Jacobs, 18 March 2016, 08:28
Peter Praet, Executive Board member of the ECB, has argued that the central bank could add further stimulus if needed via another cut of the deposit rate. Praet has also reiterated that the ECB still has measures to tackle the disinflationary pressures...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 08:26 #ECB
Technical Analysis of EUR/USD for March 18, 2016 When the European market opens, some economic news will be released such as the German PPI m/m. The US will release economic data too such as Prelim UoM Inflation Expectations and Prelim UoM Consumer Sentiment...
Research Team at Deutsche Bank, suggests that it looks like the ‘macro prudential’ measures put by the Chinese authorities, in conjunction with their intervention in onshore and offshore RMB markets, is paying off...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 08:16
Technical Analysis of USD/JPY for March 18, 2016 In Asia, Japan will release the Monetary Policy Meeting Minutes and the US will release some economic data such as Prelim UoM Inflation Expectations and Prelim UoM Consumer Sentiment...
Daily Analysis of Major Pairs for March 18, 2016 EUR/USD: The EUR/USD pair broke upwards on Wednesday, ending the short-term consolidation phase in the market. The price moved further upwards on Thursday – making it a movement of at least 260 pips within two days...
Analytics & Forecasts
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Roberto Jacobs, 18 March 2016, 08:09
Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the possibility that the pair could re-test the vicinity of 0.9800. “USD/CHF has sold off further, extending losses towards the 2015-2016 uptrend at .9630”. “We look for this to hold the initial test, the...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 08:01
Research Team at TDS, suggests that the USD/CAD looks set to mark its ninth consecutive weekly decline, totaling a net 11% decline from the January peak. “A cautious Fed, a boost in oil prices and a shift from monetary to fiscal policy in Canada have all contributed to the drop in USD/CAD...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 07:55 #usd/cad
Research Team at Danske Bank, suggests that in the euro area, data for euro area labour costs for Q4 15 is due to be released. “This will be interesting, as the ECB is worried about the low wage growth, which is contributing to inflation being suppressed...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 07:52