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USD/JPY StillTtargets 109.70 – UOB The research team at UOB Group reiterated USD/JPY’s initial target at 109.70 in the next weeks. Key Quotes “USD touched a high of 109.64 yesterday, just below the 109.70 target”...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 12:12
EUR/USD Forecast: Fresh Lows, More to Come The EUR/USD pair plummeted to a fresh three-week low of 1.1255, on the back of poor EU inflation data. In April 2016, EU annual inflation fell 0.2%, whilst monthly basis, inflation remained flat at 0.0...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 12:09
EUR/GBP Potential ‘Head and Shoulders’ Pattern ahead? – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the likeliness that the cross could be developing a ‘Head and Shoulders’ pattern. Key Quotes “EUR/GBP after sitting all week just below the...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 12:04
Risk-Off Grips Europe as Oil Retreats, FTSE Ignores UK Jobs The sentiment on European stock markets remained largely subdued this Wednesday, with the renewed weakness in oil prices triggering a fresh bout of risk-aversion across the markets...
Market News
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Roberto Jacobs, 18 May 2016, 12:02
Oil Drops to $48.00, Eyeing Weekly Inventory Data and FOMC Minutes After rising to a seven-month high on Tuesday, WTI crude oil futures fell to $48.00/barrel mark on Wednesday ahead of the looming official EIA's crude oil inventories data. On Tuesday, the black gold rose to $48...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 11:58
EUR/USD Drops Further Post-EMU Data The shared currency is now accelerating its downside, sending EUR/USD to the 1.1260 area...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 11:56
FxWirePro: BTC/USD Struggles to Close Above $470, Good to Sell on Rallies Major resistance -$470 (Apr 26th 2016) BTC/USD has slightly recovered from the low of $451 yesterday. It is currently trading around $453.79...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 11:53
Analysis : Channel Up identified at 17-May-16:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 108.45 within the next 2 days. Supporting Indicators : RSI above 60 Resistance Levels...
Charts
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Lahcene Ouled Moussa, 18 May 2016, 11:42
GBP/USD Forecast: Unmotivated by Mixed UK Data The American dollar traded generally higher across the board at the beginning of this Wednesday an ahead of the FOMC Minutes, although the GBP/USD pair held within a tight range ahead of the release of UK employment data, which resulted overall mixed...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 11:20
Bears in #EURUSD show serious intentions to break the support line. It is recommended to stay out of the market prior to the #Fed meeting minutes. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 18 May 2016, 11:19 #Trading
#USDCAD has left borders of the consolidation pattern "symmetrical triangle", which indicates the future direction of the movement. There are two trading tactics to choose – more or less conservative. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 18 May 2016, 11:16 #Trading
Sell the Rallies in USD/CAD – Westpac Strategists at Westpac have recommended selling the pair on upticks to the 1.3000 mark. Key Quotes “Oil price gains leaving CAD in its wake, the former suggesting USD/CAD is more fairly valued nearer 1.25 whereas USD/CAD if anything is threatening 1.30...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 11:16
ECB’s Villeroy: If Required by Brexit, ECB Ready to Act If Call On Additional comments crossing the wires from ECB governing council member Villeroy: Monetary policy to boost inflation by 0...
Currency
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Roberto Jacobs, 18 May 2016, 11:14 #ECB
Rallies in EUR/USD to Find Resistance at 1.1465/95 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerbank, sees bullish attempts in EUR/USD facing the initial resistance in the 1.1465/95 region. Key Quotes “Rallies are expected to remain muted (initial resistance at 1...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 11:10
EUR/GBP Muted Reaction to UK Jobs Data, awaits EU CPI Print The EUR/GBP pair broke through 0.7800 handle after the release of UK employment figures that portrayed better-than-expected picture of the UK labor market...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 11:05
GBP/USD Points to Rangebound Between 1.4300 and 1.4550 – UOB The research team at UOB Group expects GBP/USD to trade in a 1.4300-1.4550 range in the next 1-3 weeks. Key Quotes “GBP touched a high of 1.4524 but eased off quickly...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 11:02
GBP/USD Ignores UK Data, Drops to 1.4420 A brief knee-jerk following UK releases saw GBP/USD reaching 1.4450/55, although the up move proved to be short-lived. GBP/USD offered despite upbeat results After dipping to the area of 1.4420, spot has managed to regain 1...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 10:59
Brexit: Is Hope a Strategy? – Greenwich Associates Research Team at Greenwich Associates, suggests that as the world moves closer to the U.K referendum on continued EU membership on June 23, what once seemed a remote possibility now seems increasingly likely—or at least possible...
Currency
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Roberto Jacobs, 18 May 2016, 10:56
Iron Ore, Steel Price Jumped Thanks to China Iron ore and Steel had their best rally in years, till April, where iron ore prices rose more than 70%, from their December bottom and Steel price rose from Yuan 1580 per ton in December, last year to Yuan 2870 per ton in April...
Market News
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Roberto Jacobs, 18 May 2016, 10:53
Technical Analysis of Silver for May 18, 2016 Technical outlook and chart setups: Silver is seen to be trading at $17.03 levels. It can produce intraday rallies but remain in control of bears till prices remain below $18.00 levels. The metal dropped lower towards $16...