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AUD on a High after RBA Minutes - Investec Research Team at Investec, notes that the Australian Dollar rallied as the minutes from their recent rate cut meeting showed the RBA board members considered leaving the interest rate unchanged so they could await more information before finally opting t...
Currency
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Roberto Jacobs, 17 May 2016, 13:19
Gold Retreats Further to $1270 ahead of US CPI Data After retreating from session high of $1288 on Monday, Gold turned back from $1280-81 area on Tuesday and dropped to $1269 despite of weakness in the greenback. Weakening US Dollar is looked upon for increasing appetite for the precious metal...
Metals
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Roberto Jacobs, 17 May 2016, 13:17 #gold
AUD/JPY Meets Fresh Supply Near 80.50 The bulls face exhaustion post-European open, sending AUD/JPY lower towards 80 handle, as a pause in the oil-price rally weighs down on the investors’ sentiment. AUD/JPY testing support near 80.20 The AUD/JPY pair now advances 0.94% to 80...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 13:14
AUD/USD Deflates from Highs, Near 0.7320 After climbing as high as 0.7360 in early trade, AUD/USD has now slipped back to the 0.7320 area...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 13:12
USD/CHF Turns Positive Just Below 0.9800 It seems the greenback has recovered the smile during the European morning, now lifting USD/CHF to the vicinity of 0.9790. USD/CHF focus on US CPI The pair is trading in fresh multi-week tops near the 0...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 13:10 #usdchf
USD/JPY: Bulls on a Roll, Regains 109.50 and Beyond The bid tone around the USD/JPY pair keeps growing bigger, driving the rate to the highest levels since April-end above 109.50 levels. USD/JPY: 50-DMA at 109...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 13:08
EUR/USD Fails Near Monday’s High, Recedes to 1.1320 The EUR/USD pair is seen paring gains and now slips back below 5-DMA, as the demand for the US currency is slowly picking-up pace heading into the US CPI report...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 13:05
U.S. Presidential Election Series: Why Trump can Win the Presidency Dumbfounding many political pundits and proving many more wrong, Donald Trump has emerged as presumptive Republican nominee for the race to the White House...
Market News
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Roberto Jacobs, 17 May 2016, 13:00
FxWirePro: GBP/USD Trades Weak on Softer CPI, Good to Sell on Rallies Major Resistance – 1.4550 Major support- 1.4445 (55 day 4H EMA) Cable has retreated from high of 1.45239 after softer CPI data. It is currently trading around 1.4470 level. UK CPI came at 0.3% y/y compared to forecast of 0...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 12:55
US Mortgage Rates Decline Despite Rising Home Sales; Mortgage Applications Up The United States mortgage rates have gone down in the past despite rising demand for home loans. Mortgage rates are at a historic low of 2.69 pct for a 15-year fixed rate loan, the lowest since the WWII...
Market News
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Roberto Jacobs, 17 May 2016, 12:49
GOLD, Weekly Forecast, May 16 - 20: Break Down of 1269 will Open Target on 1240 Main scenario: The pair is trading along an sideways trend between support 1269 and resistance 1294...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 12:46 #gold
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, XAU/USD Analysis for May 17th, 2016 EUR USD, “Euro vs US Dollar” Eurodollar has broken the channel of the third descending structure and right now is consolidating. We think, today the price may fall towards 1.1300...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 12:42 #USDRUB, usdchf, xauusd
GBP/USD, Weekly Forecast, May 16 - 20: Rebounding from Resistance 1.4525 to Support 1.4345 Main scenario: Market is rebounding from the resistance 1.4525 with target on support level 1.4345. Alternative scenario: An downtrend will start as soon, as the pair drops below support level 1...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 12:30
EUR/USD, Weekly Forecast, May 16 - 20: Rebounding from Main Support 1.1355 with Possible Target on 1.1615 Main scenario: The pair is trading along an downtrend with target on 1.1215, that may be expected to continue, while pair is trading below resistance level 1.1370...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 12:27
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, May 17th EUR/USD is still keeping its position above 1.13, trading modestly flat. Due to lack of fundamentals from Euroland, focus will remain on US macro releases...
Analytics & Forecasts
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EEAnalytics, 17 May 2016, 12:22
EURUSD: Faces Downside Pressure On Bear Pressure EURUSD: With EURUSD continuing to maintain its downside pressure, further downside pressure is likely. Support lies at the 1.1250 level. Further down, support comes in at the 1.1200 level where a violation will aim at the 1.1150 level...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 11:50
Crude Oil Prices Remain in the Limelight – Danske Bank Senior Analyst at Danske Bank Morten Helt has assessed the recent price action in crude oil...
Crude Oil
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Roberto Jacobs, 17 May 2016, 11:48 #crude oil
EUR/USD Bearish, Eyes 1.1215 – UOB Analysts at UOB Group have turned bearish on EUR/USD, expecting a visit of 1.1215 in the near term. Key Quotes “We turned bearish EUR yesterday but highlighted that the downside potential is likely limited to 1.1215”...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 11:45
EUR/USD Still Faces Downside Risks – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the likeliness of the pair to resume its downside. Key Quotes “EUR/USD has sold off towards and is seeing a small rebound from the 1.1279 55 day ma”...
Analytics & Forecasts
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Roberto Jacobs, 17 May 2016, 11:43
Why Should Oil Bulls be Cautious? Production drop in United States to 8.8 million barrels/day, close to 1.8 million per day production drop in Canada due to wildfire and outages in countries like Libya, Nigeria is fuelling the rise in oil prices. WTI is currently trading at $48...
Crude Oil
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Roberto Jacobs, 17 May 2016, 11:35