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Oil Settles Higher as Canadian Fire, Libya Conflict Limit Supply Crude oil prices rallied at the beginning of the day, with WTI futures posting a daily high of $46...
Crude Oil
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Roberto Jacobs, 6 May 2016, 05:48
USD/CAD: Targeting 1.35 in Next Few Months - Scotiabank Analysts at Scotiabank noted that Yesterday’s weak Canadian trade report provided the exclamation point to our assertion on Tuesday that the good Canadian news was largely priced in to the CAD around the 1.25 area...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 05:45
NZD/USD Heavy, Set to Test 50-DMA as Oil Deepens Losses NZD/USD’s recovery from NY lows faltered just shy of 0.69 handle, and the prices came under renewed selling pressure as Oil resumed decline and triggered fresh risk-aversion wave across the financial markets...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 05:40 #nzdusd
Goldman Sachs Hiked Iron Ore Price Forecasts In its latest report published on Friday, Goldman Sachs upwardly revised their iron-ore price outlook for 2016. Key Points: For Q2 2016, iron-ore price forecast raised by 47% to $55 / metric ton Q3 2016 forecast up 20% to $45...
Gold Rebounds in Asia, but Stays Below 5-DMA - NFP Eyed The yellow metal caught a fresh bid-wave in the Asian session, staging a recovery from four back-to-back sessions of losses ahead of the highly influential US jobs data. Gold flirts with $ 1280 barrier Currently, gold jumps +0...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 05:34 #gold
FxWirePro: USD/KRW Stable Around 1168, Intraday Bias Remains Neutral USD/KRW is currently trading around 1168 levels. Intraday bias remains neutral till the time pair holds key resistance at 1168 levels...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 05:31
EURUSD Daily Forecast: May 06 2016 EURUSD Forecast The EURUSD had a bearish momentum yesterday bottomed at 1.1385. The shooting star formation I showed you on Wednesday gave us a valid signal of a bearish pullback. The bias is bearish in nearest term testing 1.1275 region...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 04:53
GBPUSD Daily Forecast: May 06 2016 GBPUSD Forecast The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias since the false breakout above the daily EMA 200 as you can see on my daily chart below. The bias is bearish in nearest term testing 1.4400 – 1.4350 region...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 04:50
USDJPY Daily Forecast: May 06 2016 USDJPY Forecast The USDJPY was indecisive yesterday but overall still able to maintain its bullish intraday bias. The bias is bullish in nearest term testing 107.60...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 04:48
USDCHF Daily Forecast: May 06 2016 USDCHF Forecast The USDCHF had a bullish momentum yesterday topped at 0.9696. The bias is bullish in nearest term testing 0.9715 – 0.9765. Immediate support is seen around 0.9625...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 04:46 #usdchf
USD/JPY: Yen in Demand Amid Risk-Off, 107 Tested The USD/JPY pair found support just ahead of 107 handle and now makes minor-recovery attempts as the JPY bulls jumped back on the bids amid poor risk sentiment across Asia. USD/JPY fails once again near 107.50 Having faced rejection just below 107...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 04:42
Japan Re-Opens in the Red, Drags Asia Lower ahead of US NFP The Asian equities extend their losing streak into an eighth-day this Friday, headed for the biggest weekly loss since February, as weaker sentiment on the US stocks amid renewed oil price sell-off extended into the Asian trades...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 04:38
AUD/USD Meets Fresh Supply on RBA SoMP, Attacks 0.7400 The AUD/USD pair snapped the previous rebound and resumed its recent downtrend, with the bears tightening their grip following the release of RBA’s Statement of Monetary Policy (SoMP). AUD/USD drops from 0...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 04:35
AUD Hammered, RBA Hints at Further Rate Cuts The Australian Dollar has fallen sharp following the release of the RBA Quarterly Statement on Monetary Policy, in which the doors were left wide open for further rate cuts...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 04:32
RBA's SoMP: Inflation Forecasts Slashed, Lowers Wages Outlook The RBA’s quarterly Statement on Monetary Policy (SoMP), issued quarterly, has been published, with the Central Bank lowering its inflation forecasts and wages outlook...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 04:28
Action in Commodities: Energy Higher - ANZ Analysts at ANZ explained the action in the commodity sector. Key Quotes: "Energy was higher. Supply disruptions and closures helped push crude oil prices higher, despite the stronger USD...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 04:23
USD/JPY: Awaits Risk Events - Nonfarm Payrolls USD/JPY is currently consolidated between a 10 pip range as Asia opens mixed following a subdued performance overnight on Wall Street as markets get set for the nonfarm payrolls showdown tonight in the U.S. shift...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 04:21
Nonfarm Payrolls Preview - Westpac Analysts at Westpac explained that the consensus for US Apr non-farm payrolls is 200k, after 215k in Mar and 245k in Feb...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 04:19
GBP/USD: Downside Limited, Target Above 1.4515 - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the GBP/USD pair fell down to 1.4438 this Thursday, but dips in the pair ever since the day started have sent the pair quickly back towards the 1...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 04:12
NZD/USD: Rising Channel Compromised, Target 100 DMA NZD/USD is consolidated at a key level within the rising daily channel. The downside has come back on to play and the bears are starting to make a strong case for a breakout to the downside with a double top at the mid way point of the 0...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 04:09 #nzdusd