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Elliott Wave Analysis: EUR/GBP Facing A Reversal Higher EUR/GBP is tracing out an ending diagonal pattern in wave C which is a part of the A-B-C pullback in red wave B). We expect this pair to find its support around 0.7828, where formal wave 4 can react as a turning point into red wave C...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 18:58
US Dollar Approaches 94.80 on Data The greenback, tracked by the US Dollar Index, is extending the rally on Friday towards the boundaries of 94.80 on upbeat US data...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 18:40
Forex Weekly Outlook May 16-20 The US dollar had another positive week, enjoying some good data. UK and US inflation data, housing figures and most importantly the FOMC Meeting Minutes stand out. These are the highlights of this week. Join us as we explore the market movers on Forex calendar...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 18:35 #forex
What do Fed Funds Futures Tell Us? Are they a Short? Do Fed Funds futures really tell us what the Fed will do? The answer to that question is a resounding “no”...
Currency
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Roberto Jacobs, 13 May 2016, 18:30
GBP/USD Falls to 3-Weeks Lows GBP/USD dropped further below 1.4400 and bottomed at 1.4339, the lowest since April 22. Then it bounced modestly off lows and it was hovering around 1.4350, a hundred pips below today’s opening price...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 18:07
USD/CAD Finds Resistance at 50-Day SMA USD/CAD pushed higher during the New York session, as the greenback continued to strengthen across the board, while oil prices remain pretty steady near recent highs. USD/CAD reached a 3-day high of 1.2957 before the 50-day SMA capped the advance...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 18:04
NZD/USD Drops Further Below 0.6700 A stronger US dollar in the currency market pushed NZD/USD further to the downside during the American session. The pair broke below 0.6800 and dropped to 0.6755, hitting the lowest level in three days. Price remains near the lows, trading at 0.6760, down 0...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 18:00 #nzdusd
EUR/USD Forecast: Dollar Gains, but Can it Last? The EUR/USD pair fell for a second consecutive week, extending the retracement from the year high at 1.1615, down to the 1.1300 region. The common currency was under pressure even though there were no major market catalyst until this Friday...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 17:49
Canadian Bonds Gain on Tracking Weak Crude The Canadian government bonds gained on Friday as investors pour into safe-haven assets amid losses in riskier assets including stocks and oil. The yield on the benchmark 10-year bonds, which moves inversely to its price rose 4bps to 1...
Market News
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Roberto Jacobs, 13 May 2016, 16:29
Global Economic Growth Improves But Still Hovers Around 3-Year Lows Global economic growth touched higher for the second straight month in April but remains stuck at around 3-year lows, according to data compiled by Markit...
Market News
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Roberto Jacobs, 13 May 2016, 16:26
U.S Treasuries Mixed on Strong Retail Sales, Dovish Yellen's Comment The U.S. Treasuries traded mixed on Friday after data showed higher than expected April retail sales data. On the other hand, Fed Chair Janet Yellen’s dovish comments supported bond prices...
Market News
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Roberto Jacobs, 13 May 2016, 16:23
AUD/USD Likely to Trade in Narrow Range, to Reach 0.80 by 2017-End In mid-April, the AUD/USD pair broke to new 10-month highs close to 0.7850 amidst increased volatility. This was mainly due to weakness in the US dollar, indicating the declining prospect of a rate hike in June by the US Fed...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 16:19
AUD/USD Hits 2-Month Lows, Contained by 200-Day SMA AUD/USD fell to fresh 2-month lows at the beginning of the New York session, as the greenback strengthened on the back of stronger than expected US retail sales data...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 16:11
USD/CAD Still Eyes 1.30 Near-Term – Scotiabank FX Strategist at Scotiabank Eric Theoret believes the pair could test the psychological 1.30 handle...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 16:08
AUD/USD Topside Limited Around 0.7450 – Westpac Strategist at Westpac Sean Callow sees the upside in AUD to find resistance in the mid-0.7400s in the near-term. Key Quotes “The timing of another RBA rate cut will hang over AUD for some months, capping rallies”...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 16:06
JPY: End Of The Run? - Credit Agricole A combination of both, rising intervention fears and additional scope of the BoJ turning more aggressive on monetary policy has been weighing on the JPY this week...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 16:01
AUD/USD: Downside Alleviated above 0.7410 – UOB Analysts at UOB Group suggested the Aussie dollar could mitigate current downside pressure above 0.7410. Key Quotes “The strong support at 0.7300 was finally breached at the time of writing (low of 0.7286)”...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 15:54
USD/JPY Surges Past 109.00 Handle on Surprisingly Positive US Data The USD/JPY pair shot-up to a fresh two-week high level of 109.45 on surprisingly positive US retail sales data...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 15:51
EUR/USD: Dollar Gains on Strong Retail Sales EUR/USD Current Price: 1.1312 The common currency started the day with a sour tone, on mixed data coming from Europe. The EUR/USD pair fell down to 1...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 15:44
Murrey Math Lines: EUR/USD, GBP/USD Analysis for May 13th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar resumed moving downwards and, as a result, Super Trends formed “bearish cross”. Considering that the price was able to break the 3/8 level, the closest target is now at the 1/8 one...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 15:36