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BoE: Likely to Hold its Fire for Now – Rabobank Elwin de Groot, Senior Eurozone Strategist at Rabobank, suggests that the Bank of England is expected to keep policy settings unchanged at today’s meeting, which will also see the release of the Bank’s latest Inflation Report and the meeting’s minut...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 09:13
Last week's US employment data were taken by the market as modestly disappointing. In this context, it is curious to see the USD stronger against most currencies since then. In our view, the single biggest driver is the sudden surge in fears of a renewed bout of risk aversion stemming from China...
Analytics & Forecasts
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Batur Asmazoglu, 12 May 2016, 09:06
Oil Building on its Strength above $46.00 Mark Extending its Wednesday's sharp recovery from sub-$44.00/barrel mark, WTI crude oil is now comfortably trading above $46.00 level at day's peak of $46.35...
Crude Oil
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Roberto Jacobs, 12 May 2016, 09:02
EUR/JPY Hits Fresh 10-Day Highs at 124.50 The EUR/JPY cross stormed its way through 124 handle and now accelerates to the upside beyond the last as the yen sees a free-fall amid persistent risk-on market profile. EUR/JPY takes out-Tuesday’s high The EUR/JPY pair now advances +0.46% to 124...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 08:59
USD/CAD Holds Resistance Turned Support Near 1.2825 EIA's weekly inventory data released on Wednesday drove oil prices higher and in-turn dragged the USD/CAD pair further below 1.2900 handle to 1.2830. The pair extended its slide after the US crude inventories shrunk by 3...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 08:56
FxWirePro: Reiteration on AUD/USD's Major Trend Continuation After Rejection of Resistance at 23.6% Fibos and at 0.7651 Didn’t we alert you for the shorts..? Please follow below weblink: https://www.tradingview...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 08:54
Why Dollar Is Well Bid Despite Disappointing Non-Farm? After Friday’s worse than expected non-farm payroll report, after initial jolt, Dollar has snapped back and still remains quite well bid against number of currencies...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 08:48
Australian Bonds Marginally Up on Weak Inflation Expectations The Australian government bond marginally firmer Thursday after data showed that Melbourne Institute survey of consumer inflationary expectations dropped to 3.2 pct in May...
Market News
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Roberto Jacobs, 12 May 2016, 08:44
FxWirePro: Indian Rupee Strengthens Against US Dollar, Good to Sell on Rallies USD/INR is currently trading around 66.57. It made intraday high at 66.62 and low at 66.54 marks. Intraday bias remains bearish till the time pair holds key resistance at 66.72 marks. A daily close below 66...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 08:42
USD/JPY Minor Weakness Only Below 108, Good to Go Long Major support – 108 (7 day EMA) Major resistance – 108.81 (21 day MA) USD/JPY has taken support near 7 day EMA and slightly recovered from that level. It is currently trading around 108.75. Minor weakness can be seen only below 108 level...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 08:39
On Thursday, the British currency will attract traders' attention, as today it is so-called #SuperThursday. Forecasts' revisions, Carney's comments, the inflation report... everything can affect GPB. Find out more by checking out the Source Link...
Gold: Offered at 10-DMA, Drops to Test $ 1270 The yellow metal failed to sustain two back-to-back sessions of gains and fell sharply in the Asian hours, having met fresh supply almost at 10-DMA. Gold finds support at $1270 Currently, gold trades -0.37% lower at 1272...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 08:22 #gold
EUR/USD Consolidates in a Directionless Trading Session As risk-aversion strikes back, the EUR/USD pair is moving in a narrow trading band, consolidating Wednesday's gains ahead of the BoE's Super Thursday...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 08:17
US: Moderate Growth Expected Through to 2018 - NAB Tony Kelly, Senior Economist at NAB, suggests that the U.S. economy had a weak start to 2016, but they forecast it to rebound, with moderate growth expected through to 2018...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 08:13
Stressed FX Markets – Nomura Bilal Hafeez, Research Analyst at Nomura, suggests that if we rewind to the middle of February and markets were in turmoil and the S&P500 was plummeting to two-year lows, credit spreads were exploding higher and oil was testing $25 a barrel...
Market News
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Roberto Jacobs, 12 May 2016, 08:11
EM FX: Slow Down, You Move Too Fast – Goldman Sachs Kamakshya Trivedi, Research Analyst at Goldman Sachs, suggests that after a few months of rapid appreciation, EM FX is facing n a choppier period...
Currency
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Roberto Jacobs, 12 May 2016, 08:09 #Goldman Sachs
USD/JPY Tracks Nikkei Higher, 109 – a Whisker Away The extension of gains on the Japanese stocks further fuelled the risk-on sentiment and boosted the bids for USD/JPY, now pushing the rate closer towards 109 handle...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 08:03
FxWirePro: USD/MXN Bullish Engulfing Appears Despite Shooting Star and Gravestone on Monthly - Don't Be Deceived With On daily charts of USD/MXN, shooting star candle occurred at 17.8410 followed by a bullish engulfing pattern candle also occurred at 17.8379 levels...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 07:42
FxWirePro: Gold Dips in Early Asia and Now Stabilizes Above $1270, Intraday Bias Remains Neutral XAU/USD is currently trading around $1272 mark. It made intraday high at $1278 and low at $1271 levels. Intraday bias remains neutral till the time pair holds immediate support at $1272 marks...
Metals
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Roberto Jacobs, 12 May 2016, 07:38 #gold
Guide to Today's Important Data and Events Not many economic dockets scheduled for today and some with high risks associated. Data released so far – Australia – Consumer inflation expectations for May declined to 3.2% from 3.6% prior. Upcoming –...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 07:35