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GBP/USD: Sellers Take Control in London, BoE Up Next GBP/USD has fallen sharply at the London open, printing its lowest for the day near 1.44 handle after successive topside failures through 1.4450 in Asia, which saw the risk sentiment improved a touch ahead of the BoE inflation report...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 10:04
Technical Analysis of EUR/USD for May 12, 2016 When the European market opens, some economic news will be released such as Industrial Production m/m, French Final CPI m/m, and German WPI m/m...
Technical Analysis of USD/JPY for May 12, 2016 In Asia, Japan will release information on the Economy Watchers Sentiment indicator, 30-y Bond Auction, Bank Lending y/y, the BOJ's Summary of Opinions, and Current Account...
FxWirePro: Copper Bears Show Signs of Exhaustion Look closely at the highlighted area in the above chart, and you will find yesterday’s candle, which is a Doji, with apparently very long upper wick, which resembles closely to an inverted dragonfly or gravestone...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 09:40 #copper
S&P Likely to Upgrade Indonesia's Sovereign Credit Rating The Indonesian markets are keen on a likely ratings upgrade by Standard and Poor’s after talks held with President Widodo earlier this week...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 09:38
FxWirePro: Swedish Krona Gains ahead of CPI Data, Unemployment Rate Falls to 7.5 Pct EUR/SEK is currently trading around 9.2912 levels. It made intraday high at 9.3018 and low at 9.2832 levels. Intraday bias remains neutral for the moment. A sustained break above 9.2916 tests key resistances at 9...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 09:36
GBP/JPY Breaks Minor Resistance 156.80, Targets 158.45/160 Major support -156.23 (100 day HMA) Major resistance -158 GBP/JPY has taken support near 100 day HMA and recovered from that level. It is currently trading around 157.09. Minor weakness can be seen only below 156.23...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 09:32
RUB Likely to Continue on Weaker Path The Russian ruble has been able to halt its fee fall recently, aided by the Bank of Russia’s wary approach. But oil price stabilization is the primary reason. However, a tough task is still being faced by the Russian central bank...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 09:30
Daily Analysis of USDX for May 12, 2016 On the H1 chart, the USDX found dynamic support at the 93.80 level, where we could expect a rebound towards the 94.06 level, if the 200 SMA holds in coming days...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 09:27
AUD/USD Selling Accelerates Below 0.7350, Targets 0.7300 The AUD battering extends into the European session, knocking-off AUD/USD deeper into the red zone as growing expectations of RBA rate cut weighs heavily on the Aussie. AUD/USD heading towards 200-DMA at 0...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 09:23
How did USD/JPY Avoid 105? - Westpac Sean Callow, Research Analyst at Westpac, suggests that the Japanese yen remains the strongest G10 currency so far this year, up 11% against the US dollar. Key Quotes “But at time of writing, USD/JPY is above 108, well clear of the 3 May low of 105...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 09:20
Daily Analysis of GBP/USD for May 12, 2016 GBP/USD continues trading slow in a sideways range, but still trapped below the 200 SMA and dominated by the bearish bias. If pair does another rebound at the current levels and spikes towards the resistance zone of 1...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 09:16
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