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FxWirePro: EUR/SEK Back Above 9.29 Mark, a Sustain Break Above Targets 9.3642 EUR/SEK is currently trading around 9.2932 levels. It made intraday high at 9.2927 and low at 9.2635 levels. Intraday bias remains neutral till the time pair holds key resistance at 9.3039 marks. A daily close above 9...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 12:10
JPY Expected to Depreciate Further in the Medium Term – Danske Bank Jens Sorensen, Chief Analyst at Danske Bank, sees the Japanese currency losing further ground within a year’s time...
Currency
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Roberto Jacobs, 2 June 2016, 12:06
USD/CAD Makes Headway Towards 1.3100, Eyes OPEC Meeting The USD/CAD pair rebounded higher from 1.3050 region post-European, with the prices now extending the bid tone as increased nervousness weighs on the Loonie as the OPEC meeting gets underway...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 12:00
ECB Preview: What to Expect of EUR/USD The European Central Bank will hold its meeting later in the European afternoon. Market consensus expects the central bank to refrain from acting on monetary policy, while it remains in ‘observation mode’ following the recently announced measures...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 11:57
EUR/GBP Supported at 0.7750 Ahead of ECB The EUR/GBP cross failed another attempt to break through 0.7775 levels and drifted lower, reverting to the familiar range above the mid-point of 0.77 handle, before recovering some ground over the last hour...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 11:55
USD Upside Appears Limited – Westpac Richard Franulovich, Strategist at Westpac, sees the upside momentum in the greenback waning ahead of the June FOMC meeting...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 11:52
GBP/USD Fades a Spike to 1.4468 After UK Construction PMI, Drops Back to 1.4435 After an initial downward spike to 1.4417 on disappointment from UK construction PMI, the GBP/USD pair surged and extended its Asian session gains before retracing back to currently trade near 1.4435 level...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 11:50
EUR/USD Bearish Phase Over? – UOB In view of the research team at UOB Group, the recent bearish phase in the EUR/USD seems to have ended. Key Quotes “The sharp recovery in EUR was unexpected and a break above the major 1.1200 resistance would not be surprising (overnight high has been 1.1198...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 11:46
USD/CHF Supported Around 0.9800 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could find some support in the 0.9800 neighbourhood. Key Quotes “USD/CHF’s recent high at...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 11:44 #usdchf
Euro Returns to 1.12 Before ECB Convenes - Alpari Yesterday's Trading: As the ECB meeting approaches the euro lifted to 1.12. The price returned back to 1.1150 twice during the American session after stats came out...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 10:51
EUR/USD Buoyant Above 1.12 Ahead of ECB The common currency remains on a firm note in the second half of the week, sending EUR/USD back above the 1.1200 handle...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 10:46
Oil Holds $49.00 Handle, Focus on OPEC Meeting WTI crude oil prices extended its rebound from Wednesday’s low of $47.73 and are currently holding its neck above $49.00 on hopes that OPEC members might revisit their discussion on production ceiling at Thursday's meeting in Vienna...
Crude Oil
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Roberto Jacobs, 2 June 2016, 10:38
Technical Analysis of Silver for June 02, 2016 Technical outlook and chart setups: Silver is seen to be trading at $15.97 levels for now after bouncing off $15.81 levels yesterday. The metal now seems to have formed an intermediary low at $15.81 levels and is looking to rally from here...
Technical Analysis of Gold for June 02, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,214.00/15.00 levels at this moment. It may be looking to print one last low around $1,197.00 levels before turning bullish...
Technical Analysis of GBP/CHF for June 02, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.4250/55 levels after bouncing off 1.4175 lows during early hours today. The pair seems to have formed an interim support at 1...
Technical Analysis of EUR/JPY for June 02, 2016 Technical outlook and chart setups: The EUR/JPY pair is seen to be trading at 122.20 levels after pulling back from 121.90 levels earlier. The wave structure indicates that the pair might be unfolding as an expanding triangle from 124.50 through 121...
Plenty of Distraction Ahead of ECB, ADP The primary focus is on Fed policy and whether or not the central bank will actually move this summer. But into Thursday, there are also some currency specific storylines captivating market participants' attention...
Currency
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Roberto Jacobs, 2 June 2016, 10:21
Target Level : 109.59 Target Period : 8 hours Analysis : Falling Wedge identified at 02-Jun-05:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 109.59 within the next 8 hours. Resistance Levels...
Charts
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Lahcene Ouled Moussa, 2 June 2016, 10:17
Daily Analysis of USDX for June 02, 2016 USDX is showing weakness on a short-term basis, as it's currently testing the 200 SMA price zone on the H1 chart. However, the next strong support can be found around the 95.22 level, which acted as a barrier for sellers during the May 23th session...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 10:16
Daily Analysis of GBP/USD for June 02, 2016 GBP/USD had a very weak session yesterday after posting new lows. Currently it's testing the support level of 1.4408. A rebound can be expected to re-test the resistance zone of 1...
Analytics & Forecasts
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Roberto Jacobs, 2 June 2016, 10:11