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US May Non-Farm Payrolls Likely to Rise on Verizon Labor Strike The United States Non-Farm Payrolls is expected to rise following the labor strike at Verizon, over the low wages paid to workers and the power and domination imposed upon them...
Market News
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Roberto Jacobs, 23 May 2016, 07:47
FxWirePro: USD/SGD Fails to Sustain Above Key Resistance 1.3828, Good to Sell on Rallies USD/SGD is currently trading around 1.3780 marks. It made intraday high at 1.3820 and low at 1.3772 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3828 levels...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 07:45
Gold: Declines On Continued Correction GOLD: With GOLD extending it corrective weakness the past week, further decline is envisaged. However, with its price action on Thursday and Friday, we may see it return into its consolidation range. On the downside, support comes in at the 1,240...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 07:39 #gold
NZD/USD: Bulls Conquer 0.68 Handle, What Next? The overnight recovery from seven-month lows gained further traction in the Asian session, as risk sentiment recovers after oil prices stabilize in the positive territory. NZD/USD sees a 40-pips rally Currently, the NZD/USD pair trades 0...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 07:35 #nzdusd
GBP/USD Regains 1.4500 and Beyond Amid Weaker USD The GBP/USD pair takes on the recovery above 1.45 handle as we progress towards early European trades, with the bulls closely tracking USD moves amid a lack of fresh catalysts. GBP/USD finds support ahead of 20-DMA at 1...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 07:31
Fed Minutes Hawkishness Propelled USD Higher – Lloyds Bank Research Team at Lloyds Bank, suggests that a surprisingly hawkish set of US Fed minutes of the 26-27 April FOMC meeting, supported by positive economic data, led to a rally in the US dollar and Treasury yields over the past week...
Currency
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Roberto Jacobs, 23 May 2016, 07:28
GBP Rally Supported Partly by Big Lead for ‘Remain’ Camp – Danske Bank Research Team at Danske Bank, notes that the GBP rallied sharply last week supported partly by big lead for ‘remain’ in biased phone polls...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 07:26
EuroDollar Net Shorts Reduced – Deutsche Bank Research Team at Deutsche Bank, lists down the commitments of traders report for the week ended on Tuesday, May 17, 2016. Key Quotes “Interest Rates: Speculators decreased their net shorts in Eurodollar and Treasury futures by $4.3 billion to -$51...
Currency
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Roberto Jacobs, 23 May 2016, 07:22
German/Eurozone Flash PMIs Preview: What to Expect of EUR/USD? Having taken-out Friday’s high near 1.1240 in the last hour, the EUR/USD pair consolidates the upside amid broad based US dollar weakness. The major manages to hold 5-DMA support at 1...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 07:20
CAD: Gasoline Prices Pushed Inflation Higher in April – RBC Economics Research Team at RBC Economics, notes that the Canada’s consumer prices rose 0.3% in April, matching market expectations and pushing the annual rate of inflation up to 1.7% from 1.3% in March. Key Quotes “Core CPI rose 0...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 07:04
USD/JPY: Bears Take Control in Tokyo Below 110 Handle USD/JPY has dumped in Tokyo from 110.20 down to a low of 109.85 so far...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 06:58
Leveraged Funds Reduced Short USD Positions - ANZ The ANZ Team shares summarizes the latest positioning data for the week ending 17 May 2016, noting that Leveraged funds continued to be short for the USD for a fourth straight week, although these short positions were reduced by USD0...
Currency
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Roberto Jacobs, 23 May 2016, 06:55
FxWirePro: NZD/USD Holds Cloud Support, Targets 50-DMA at 0.6832, Good to Buy Dips NZD/USD is extending recovery from 2-month lows at 0.6709 hit on 19th May and is attempting to retake the 0.68 handle. The pair has broken above 5&10 DMAs and is on track to test 50-DMA at 0.6832...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 06:52 #nzdusd
Guide to Today's Important Data and Events Not many economic dockets scheduled for today and all with low to medium volatility risks associated. Data released so far – Japan – Nikkei manufacturing PMI weakened to 47.6 for May. Upcoming –...
Market News
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Roberto Jacobs, 23 May 2016, 06:44
AUD/USD: Buyers in Control, 200-DMA a Whisker Away Having found solid support near 0.7220 region in early trades, the AUD/USD pair extends its recovery phase from multi-week troughs and now looks to regain 200-DMA amid broad based US dollar weakness...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 06:40
Gold Halts 3-Day Slide, Rebounds in Asia Near $ 1255 Gold kicked-off the week on a stronger footing and ticker higher in the Asian trades amid tumbling Japanese stocks and a moderately lower US dollar across the board. Gold eyes $ 1260 Currently, gold trades 0.19% higher at 1254...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 06:37 #gold
USD/JPY Bounces-Off 50-DMA Support, Re-Attempts 110? The USD/JPY pair is seen making minor-recovery attempts from a drop to 50-DMA support located at 109.65, as markets digest the latest comments from the BOJ officials amid weaker Japanese datasets...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 06:33
Nikkei 225 Under Pressure, Bargain Hunting at Lows The Japanese benchmark index Nikkei 225 has been under constant pressure ever since the Tokyo open, and after trading at a day low circa 16,450.00, falling as much as -1.40%, the index is now on recovery mode, down 1...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 06:29
Asian Markets Mix After G7 Meetings, Gold steady Above $1250 All the major Asian indices are trading on a mix note on the start of a new week. Today Japan released trade balance data with positive numbers and USD/JPY remains well supported below 110.00 marks...
Market News
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Roberto Jacobs, 23 May 2016, 06:25
FxWirePro: AUD/USD Breaks Minor Resistance at 0.7230, Good to Buy Dips AUD/USD is currently trading around 0.7250 levels, intraday bias is higher. After a brief dip below 61.8% Fib at 0.7212 on May 19th, the pair has pulled back above...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 06:22