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GBP/USD: Rallies on USD Weakness - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the GBP/USD pair advanced up to 1.4695, its highest in four months, and holds nearby at the end of the day, with no certain catalyst behind the mode beyond dollar's own weakness...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 21:18
EUR/JPY: Off Key April Lows 121.70 - Commerzbank Axel Rudolph, analyst at Commerzbank explained that EUR/JPY retested its April low at 121.71 by dropping to 121.75 last week before stabilizing...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 21:15
GBP/JPY: Modest Rebound After 700-Pip Decline The pound is up against the yen after falling more than 700 pips in the previous three trading days. GBP/JPY managed to erase losses on Monday and it is up for the first day after hitting earlier a 2-week low...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 21:07
USD/CAD: Fade on Major Gains in USD - Scotiabank Analysts at Scotiabank explained that USD/CAD’s test of 1.25 on Friday is marked on the daily chart by a minor “doji” candle—ordinarily a warning that a move is prone to a correction...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 21:05
USD/CAD Manages to Hold Above 1.2500 USD/CAD regained most of the lost ground as oil prices turned lower during the American session, pressuring the Canadian dollar. USD/CAD made a bearish attempt but it was contained by the 1.2510 area and bounced toward 1...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 21:02
EUR/GBP Downside Playing Out on Brexit Remain Camp EUR/GBP has seen a recent bearish trend take fold as the clock is ticking at the start of a new month and we head ever closer to the EU referendum and the possibility of a Brexit is actually looking a little lower, fuelling a bid in the pound whi...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 20:57
The Investor is an Endangered Species: Exit EU Edition There are plenty of reasons for investors to be cautious again...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 20:56
AUD/USD Extends Gains Above 0.7650 The Australian dollar is among the top performers on Monday, in a quiet session for the forex market. AUD/USD rose further during the American session and peaked at 0.7664, just five pips below Friday’s highs...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 20:45
FxWirePro: AUD/USD Bounces Off Lows, But more Downside Expected AUD/USD rebounded strongly on Monday as weak US factory data weighted on green back and strengthened Australian dollar Currently the pair is making an attempt to test resistance level at 0.7662...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 20:42
GBP/USD Remains Capped by 1.4700 GBP/USD entered a consolidation phase over the last hours and continues to trade just below the 1.47 mark, in the absence of catalysts to trigger moves in the FX space. GBP/USD peaked at 1.4695 earlier on the day but lacked momentum to overcome the 1...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 20:38
We expect the RBA will be forced to pull the trigger and ease rates at the meeting on 3 May with both headline and ‘core’ inflation falling well below the target band...
Analytics & Forecasts
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Vasilii Apostolidi, 2 May 2016, 20:33 #forex
Talking Points: GBPUSD Technical Strategy: Keeping Bearish view Elliottwave Count: ZigZag Correction will be our primary choice in count GBPUSD Start showing divergence on daily bearish trenline and 240min newly created bullish trendline. Current level 1.4650-1...
Wave Count
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hoagtrading, 2 May 2016, 19:23
EUR/USD Regains 1.1500, Hovers Near 8-Month Highs EUR/USD managed to regain the 1.1500 level and consolidates gains near recent highs as the greenback continues to underperform across the board. EUR/USD climbed to a peak of 1...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 18:21
NZD/USD Approaches April Highs NZD/USD hit the highest level in almost two weeks at 0.7023, but so far it has been unable to consolidate on top of 0.7000. The pair still holds a bullish tone amid a weak US dollar across the board. Currently, it trades at 0.7010, up 0.45% for the day so far...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 18:17 #nzdusd
Weekly Review for 02-06.05.2016 The decisions of the central banks of New Zealand, USA and Japan last week caused the decline in the USD, especially in the pair with Euro and Yen. Due to the facts that the US Fed left interest rate unchanged at the level of 0...
Market News
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Roberto Jacobs, 2 May 2016, 17:59
USD/CHF Hits Fresh 2-Week Lows The Swiss franc is rising against the US dollar for the sixth day in a row and today it reached the highest level since April 12. USD/CHF broke below 0.9565 and bottomed at 0.9539, after the release of lower-than-expected US economic data...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 17:51 #usdchf
EUR/JPY Extends Recovery and Rises Toward 123.00 The euro is rising against the yen, attempting to move off a key support area located around 121.60/70, that capped the decline twice in April. EUR/JPY is up today after falling more than 400 pips during the previous two trading days...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 17:47
US Dollar Off Lows, Back to 92.80 After a brief knee-jerk to 92.60, the US Dollar Index seems to have found some buyers and has now returned to the 92.80/85 band...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 17:43
EUR/USD Peaks Above 1.1500 and Retreats EUR/USD retreated from fresh 8-month highs and it is hovering around the 1.1500 level despite data showed US manufacturing sector expanded less than expected in April. EUR/USD peaked at 1...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 17:42
FxWirePro: Gold Hits Fresh 15-Month High, Scope for Further Upside The yellow metal surged higher on Monday as the bright metal was lifted higher by weak dollar and negative US factory data. Data released from the US market showed index of national factory activity slipped to 50...
Metals
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Roberto Jacobs, 2 May 2016, 17:39