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ISM: Moderate Manufacturing Recovery Amid Rising Prices May’s ISM report signals continued moderate gains in the manufacturing sector. Production, new orders and export orders support the case for growth. Prices paid hint at rising input costs for manufacturers...
Currency
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Roberto Jacobs, 1 June 2016, 18:18
NZD/USD Fails to Benefit from Higher Dairy Prices NZD/USD is rising for the second day in a row and during the American session, it has been consolidating gains. The pair peaked earlier at 0.6830, the highest level since May 17 and then pulled back modestly. It was trading at 0.6804/08, up 0...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 18:14 #nzdusd
USD/CAD Drops to Lows ahead of ISM, API After briefly testing the 1.3100 neighbourhood, USD/CAD lost upside momentum and is now trading in the mid-1.3000s ahead of US data...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 18:12
S&P Affirms Indonesia's Ratings at 'bb+/b', Outlook Positive Rating agency S&P has affirmed Indonesia's 'BB+' long-term and 'B' short-term sovereign credit ratings...
Market News
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Roberto Jacobs, 1 June 2016, 18:10
EUR/GBP: Above 0.7750/0.7800 It Could Re-Test 0.82 - Lloyds Analysts from Lloyds Bank warned that the 0.7750-0.7800 region in the EUR/GBP pair is a strong area and a break higher could lead to a re-test of 0.82. Key Quotes: “A strong bull day, after continuing to hold channel support in the 0...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 17:20
USD/JPY Moves Off Lows, Still Vulnerable USD/JPY managed to recover some ground during the New York session, as the dollar benefitted from upbeat US manufacturing data, although the bounce has been limited, leaving the pair near daily lows. US ISM Manufacturing PMI rose to 51...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 17:18
Sell-Off Ramps Up ahead of OPEC • Investors head for the hills, as Crude and indices plummet • OPEC meeting unlikely to help Oil prices • Volatility expected to rise as risk events come thick and fast June has started with less of a bang and more of a pop today, as investors were sent packing tow...
Market News
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Roberto Jacobs, 1 June 2016, 17:14
USD/CAD Door Still Open for a Test of 1.33 – Scotiabank FX Strategist at Scotiabank Eric Theoret remains bullish on the pair in the near term and believes it could test 1.33. Key Quotes “USDCAD has yet to break from recent congestion around its 9 day MA (1...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 17:10
WTI Wobbles Near $48.00, API Eyed Crude oil prices are prolonging its weekly decline today, prompting the West Texas Intermediate to drop below the $48.00 mark per barrel, or multi-day lows...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 17:05 #WTI
Gold Turns Negative after US Dollar Trim Losses on Stronger ISM Data Gold is reversing from 100-day SMA near $1220 level and has now turned negative to currently trade below $1215 after the US Dollar trimmed its losses on the back of better-than-expected ISM manufacturing data...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 17:02 #gold
Elliott Wave Analysis On 10 Year US Notes And Yen The wave count on 10 year US notes shows new three wave recovery in play back to 130'14 which means that for now JPY can be headed higher. GBPJPY is the weakest, followed by CADJPY...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 16:57
The US Manufacturing ISM Improved Unexpectedly in May European shares opened slightly lower but lost further ground during the session as sentiment weakened at the start of the new month. Currently, European shares lose up to 1%. US equities opened lower too...
Market News
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Roberto Jacobs, 1 June 2016, 16:50
Optimistic Draghi Not Enough to Save the EUR The European Central Bank is expected to leave its massive bond-purchase program unchanged in its June monetary policy meeting, but Mario Draghi may have a reason to be optimistic this time, despite inflation in the EU remains subdued and far below the...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 16:44
US Dollar Bid after ISM, Still in Red Near 95.50 The greenback, tracked by the US Dollar Index, has managed to leap to the 95.65 area after the release of the ISM manufacturing, although it has returned to the mid-95.00 soon afterwards. US Dollar supported near 95...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 16:40
GBP/USD Stays Down after US Data GBP/USD remained little changed, trading near 2-week lows, following the release of mixed US data...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 16:37
USD/CHF Bounces Off 0.9860 Post-ISM The greenback found some respite after the auspicious ISM manufacturing, with USD/CHF now managing to bounce off 2-week lows in the 0.9860 area and test the 0.9900 handle...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 16:36 #usdchf
EUR/USD Trims Gains after US ISM Manufacturing PMI Data The EUR/USD pair reversed from a fresh weekly high level of 1.1186 and trimmed its gains to currently trade at 1.1150 following the release of better-than-expected US ISM Manufacturing PMI data...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 16:33
Upside Vulnerability in USD/CHF From an hourly perspective, the USD/CHF has reached its lowest momentum reading of the last 20 days of trading. Moreover, the recent plummeting USD/CHF price action has been highlighted by an above-average reading in the MACD histogram...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 16:31 #usdchf
AUD/JPY Remains a Wild Card Bollinger Bands® on AUD/JPY 1hr charts continue to reflect a volatile environment, but one with no dominant trend on higher time frames. ADX tracks below 30 suggesting a sideways price action...
Analytics & Forecasts
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Roberto Jacobs, 1 June 2016, 16:29
CFD Trading has been quite popular for some time now. Also known by the term “commodities trading”, it signifies the action of a trader realizing the value of the difference between the starting and final price of a certain amount of commodity. The full form for CFD is “Contract for Difference”...
Trading Strategies
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bsadamsmith, 1 June 2016, 16:29