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FxWirePro: Silver Refrains to Sustain Below Key Support at $16.88, Good to Buy on Dips XAG/USD is currently trading around $17.02 marks. It made intraday high at $17.07 and low at $16.86 levels. Intraday bias remains bullish till the time pair holds key support at $16.88 marks...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:38
GBP/USD Off-Lows, Flirts with Hourly 100-SMA Having bottomed out near 1.4425 region in early Asia, the GBP/USD pair is making recovery attempts to reclaim the midpoint of 1.44 handle, as dust settles over the BOE aftermath...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:35
US: Data Drought Finally Com Research Team at TDS, suggests that the US data drought finally comes to an end today with the release of retail sales, producer prices, business inventories and consumer sentiment...
Currency
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Roberto Jacobs, 13 May 2016, 07:33
USD/JPY: Downside Risks Significantly Reduced - Westpac Robert Rennie, Research Analyst at Westpac, suggests now that Japanese officials appear to have found a voice, it does feel as if the downside risks for USD/JPY have been significantly reduced...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:31
EUR/USD Side-Lined Around 1.1375, German, EZ GDP Eyed The EUR/USD pair extends its overnight consolidation phase into late-Asian trades, trading absolutely lacklustre ahead of a data-heavy macro calendar due later today. EUR/USD trades around 20-DMA at 1...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:28
AUD: Timing of Another RBA Rate Cut will Cap Rallies - Westpac Sean Callow, Research Analyst at Westpac, suggests that the timing of another RBA rate cut will hang over AUD for some months, capping rallies. Key Quotes “But market pricing of about 20-25% chance for June, 100% by Oct and a 1...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:26
NZD/USD: Break Below Four-Month Old Ascending Channel - Westpac Imre Speizer, Research Analyst at Westpac, notes that the NZD/USD has broken below a four-month old ascending channel such that momentum is now pointing downwards, mainly due to the US dollar’s rebound since 3 May...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:23 #nzdusd
GBPUSD: Going Through a Consolidation Phase – Lloyds Bank Research Team at Lloyds Bank, suggests that the GBPUSD is currently in a consolidation phase over the 1.4375/65 support region. Key Quotes “The impulsive reversal, after spiking up to 1...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:21
Daily Recommendations on Major -EUR/USD DAILY MARKET OUTLOOK Update Time: 13 May 2016 04:18 GMT EUR/USD - 1.1373 Despite the single currency's strong rebound from Tuesday's low at 1.1359 to 1...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:49
USDCAD the Trade of the Day Hi Traders, With the latest US Oil inventories data showinglower supplies the Oil price has found a real base. The priceis not only comfortable with the $45-46 handle it’s starting to grind higher. We've had a nice technical break through 45...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:45
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with high risks associated. Upcoming – Japan – Bank of Japan (BOJ) Governor Kuroda is scheduled to speak at 3:30 GMT. Tertiary industry index will be released at 4:30 GMT...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:37
Asian Markets in Red, Gold Finds Support Above $1262 All the major Asian indices are trading on a lower note on the last working day of the week. On the other side, Gold fails to fall below $1260 marks and trading above $1266 marks...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:34
FxWirePro: ASX200 Struggles to Break Above 5380, Good to Sell on Rallies Major resistance - 5380 Major Support - 5300 ASX200 pares early gains made today and slightly declined till 5328 at the time of writing. It is currently trading at 5331...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:32
FxWirePro: Nikkei225 Struggles to Close Above 16800, Good to Sell on Rallies Major resistance - 16985 (100 day EMA) Major support - 16425 (10 day EMA) Nikkei index has declined yesterday after making a high of 16805 at the time of writing.It is currently trading around 16459...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:29
USD/JPY Soft and Loses the 109 Handle Before Key US Data USD/JPY has opened with some softness, losing the 109 handle and tha bas ethat it had made in late US early/Asia trade. The low so far has been 108.70 at time of writing. The pair was in a recovery from the lows of 108...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:27
AUD/JPY Faces Double Whammy Amid Risk-Off AUD/JPY fell back in the red and now extends further south during mid-Asia, as risk-off induced yen strength adds to the poor sentiment seen around the AUD/USD and weighs down on the cross. AUD/JPY recovers from 79.30 levels The AUD/JPY pair now drops -0...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:23
USD/JPY Drops Below 5-DMA as Nikkei Sinks Over 1% The deterioration of risk conditions in the Asian trades this session provided the much-needed respite to the JPY bulls, now pushing USD/JPY further below 109 handle...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:20
Gold Flat-Lined Below $ 1270, Eyes Worst Week Since March The gold bulls are seen fighting hard to regain control this Friday, having booked more than 1% loss the day earlier after the US dollar climbed across the board on hawkish Fed speaks...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:18 #gold
Asian Stocks Retreat Amid Risk-Aversion, US Data in Focus The Japanese indices remain the main laggard in the Asian session this Friday, leading the decline in its other Asian peers, while the Chinese stocks buck the downtrend and trade with moderate losses...
Market News
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Roberto Jacobs, 13 May 2016, 06:15
AUD/USD Breaks 0.73 Handle, Vulnerable to Further Losses AUD/USD is trading on a very heavy note during 'risk off' Asia today, with the exchange rate breaking through the 0.73 round number, resulting in a cascade of stop loss orders being tripped, taking the rate down towards 0.7285...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:13