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Daily Analysis of GBP/USD for May 16, 2016 GBP/USD broke the bullish trend line projected from the May 9th lows, and now we can expect a decline toward the support zone of 1.4316...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 09:38
Japan narrowly escaped recession in the first quarter, according to a broad view of market analysts, but weak domestic demand and a volatile global economy will continue to stall recovery efforts in the world’s third largest economy...
Market News
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Francis Dogbe, 16 May 2016, 09:27 #GDP
After U.S. payroll disappointed on Friday, with just 160,000 job gains, rate market became more dovish in their expectations and that to such extent that market was at point pricing no rate hike this year but next. It has however recovered from that trough but still dovish compared to pre-nonfarm...
Analytics & Forecasts
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Batur Asmazoglu, 16 May 2016, 09:16
USD/CHF Recedes from Near 2-Tops Amid Light Trading The USD/CHF pair consolidates two back-to-back sessions of gains witnessed last week, now wavering in a tight range near two-week highs USD/CHF finds stiff resistance around 0.9770 region Currently, the USD/CHF pair trades almost unchanged at 0...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 09:16 #usdchf
USD/JPY May Hold for Now, but Should Eventually Head Below ¥105 – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that noting the sluggishness in the US economy and the chance that the Fed may forego another rate hike until after the presidential election, we reduced our end-J...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 09:13
All the major Asian indices are trading on a positive note on Monday. Gold remains well supported above $1270 marks and hovers around key resistance at $1277. On the other side, Japan released PPI data with negative numbers and Japanese Yen falls in early Asian hours...
Analytics & Forecasts
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Batur Asmazoglu, 16 May 2016, 09:10
Below 1.4350, GBP/USD Seems Vulnerable to Further Downslide The GBP/USD pair is attempting to extend its rebound from 100-day SMA support and has now moved back to the high point of the day near 1.4370. The pair on Friday fell sharply to a 15-day low of 1...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 09:10
EUR/USD Seen Testing 1.1216 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s downside could have an initial target at 1.1216. Key Quotes “EUR/USD eroded its 2 month uptrend and 20 day ma at 1...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 09:06
EUR/USD Risks Tilted to the Downside – UOB Analysts at UOB Group believe the pair could retreat further in the next 1-3 weeks. Key Quotes “The unexpected breach of 1.1350 and 1.1300 last Friday has shifted the risk to the downside”...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 09:05
AUD/USD Rebound from 200-DMA, Now Eyeing 0.7300 for Further Recovery Despite of disappointing Chinese economic data over the weekend, the AUD/USD pair zoomed from opening lows near 0.7250 to currently trade at day's peak level of 0.7290...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 09:03
USD/CAD Off Highs, Retreats to 1.2930 A better tone in crude oil prices has forced USD/CAD to abandon the area of earlier tops and return to the 1.2930 region...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 09:00
This week traders' attention will be attracted with the #Fed meeting minutes, as well as the inflation data in the USA. We also expect the interesting publications in the UK and Japan. Perhaps the most intense day of the week will be Tuesday. Find out more by checking out the Source Link...
GBPUSD - We Look to Sell at 1.4385 GBPUSD - We look to Sell at 1.4385 (stop at 1.4425) GBPUSD - Continued downward momentum from 1.4530 resulted in the pair posting net daily losses yesterday. The selloff has posted a correction count on the intraday chart...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:51
FxWirePro: AUD/JPY Rejected at Strong Trendline Resistance, Good to Sell Rallies AUD/JPY was rejected at strong trendline resistance and currently trades at 79.17. The pair recovered sharply from session lows struck at 78.65 in opening trades after dismal Chinese data over the weekend...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:45
FxWirePro: Gold Struggles to Break Below $1260, Good to Buy at Dips Major support - $1261 (21 day MA) The yellow metal has once again taken support near $1260 and recovered from that level. It is currently trading around $1277. Short term trend is slightly bullish as long as support $1260 holds...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:41 #gold
EUR/JPY Fades a Spike to 123.20 as Risk-off Seeps Back The retreat in the Asian indices back towards monthly lows, particularly the Japanese stocks, boosted the JPY bulls and drove the yen crosses lower across the fx board. EUR/JPY capped by daily R2 The EUR/JPY pair now trades +0...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:35
EUR/USD Looks for Direction Near 1.1300 The single currency is alternating gains with losses vs. the dollar on Monday, now taking EUR/USD to the low-1.1300s. EUR/USD supported near 1.1280 Spot has regained the 1.1300 handle after briefly dipping to the 1...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:32
USD/JPY Struggling to Regain Momentum Above 109.00 Handle Following its reversal on Friday from 109.50 resistance area, the USD/JPY pair now appears to struggle in moving back above 109.00 handle. On Monday, the pair remained capped at 109...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:30
Oil Bounces Over 1% on Goldman Sachs Comments Oil benchmarks on both sides of Atlantic resumed its recent upsurge after a brief drop seen last Friday, in response to the optimistic comments from long-time bear Goldman Sachs on oil fundamentals...
Crude Oil
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Roberto Jacobs, 16 May 2016, 08:28
EUR/GBP More Rangebound Below 0.7900 EUR/GBP is posting meager gains at the beginning of the week, extending its consolidative pattern below the 0.7900 mark...
Analytics & Forecasts
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Roberto Jacobs, 16 May 2016, 08:25