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Technical Analysis of USD/JPY for April 20, 2016 In Asia, Japan will release the Trade Balance and the US will release some economic data such as Crude Oil Inventories and Existing Home Sales. So there is a probability the USD/JPY will move with low to medium volatility during this day...
UK Labour Market and US Existing Home Sales in Focus Today – Danske Bank Research Team at Danske Bank, suggests that in the US, existing homes sales for March are due and they look for the recovery of the US housing market to continue...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 08:30
EUR/USD: Patience is a Virtue - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that as EUR/USD skips towards 1.14, the fact that it’s doing so despite huge outflows of long-term capital and wholesale abandon of European bonds by foreigners, doesn’t really help...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 08:28
USD/JPY Off-Lows, but Stays Below 109 Amid Oil Sell-Off The selling pressure behind the USD/JPY pair accentuated over the last hour, as a renewed bout of risk-aversion hit markets after the oil prices hit fresh session lows. USD/JPY another attempt to 109...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 08:25
FxWirePro: Silver Hits Fresh 10-Month High, Remains Supported Well Above $17.00 XAG/USD is currently trading around $17.11 marks. It made intraday high at $17.21 and low at $16.88 levels. Intraday bias remains slightly bullish till the time pair holds immediate support level at $16.88 marks...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 08:21
FxWirePro: NZD/CAD Consolidates in Narrow Range, Good to Buy at Dips Major Resistance- 0.902 Major support – 0.8850 The pair has recovered after making a low of 0.8880 yesterday. It is currently trading around 0.8911. CAD rebounds against all major pairs on account of rising crude oil prices...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 08:19
FxWirePro: USD/JPY Slips Below 109 Handle, Broad Based USD Weakness Weighs USD/JPY largely rangebound on the day (day's range 109.32-108.88), slips below 109 handle...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 08:16
EUR/GBP Breaking Higher Above 0.7900, Awaits UK Data The cross in the EUR/GBP rebounded sharply this Wednesday, reversing a two-day slide, as the pound lost footing across the board heading into the UK jobs report. EUR/GBP eyes 5-DMA at 0.7930 Currently, the EUR/GBP pair trades 0.27% higher at 0...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 07:51
GBP/USD Testing Lows Near 1.4350 Ahead of UK Data The sterling is giving away part of yesterday’s strong advance and is now sending GBP/USD to test daily lows in the mid-1.4300s. GBP/USD focus on UK data Spot has abandoned the area of 3-week tops above the 1...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 07:49
EUR/USD Reverses a Spike to 1.1375, ECB Draghi Eyed The bulls failed another attempt to reach 1.14 handle earlier in Asia, with the EUR/USD pair now easing back towards the daily lows. EUR/USD supported at 20-DMA at 1.1355 Currently, EUR/USD trades almost unchanged at 1...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 07:28
FxWirePro: NZD/USD Struggles at Channel Top, Upside to Resume on Breaks Above Antipodeans were supported overnight by positive risk environment, while the USD remained under pressure generally as housing data disappointed. Data released yesterday showed US housing starts fell 8...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 07:24 #nzdusd
Prices rose 3.8% in the latest Global Dairy Trade (GDT) auction after a 2.1% gain previously. Although markets had been expecting prices to advance at the latest auction, the gain triggered a further advance for the New Zealand currency ahead of a key interest rate decision next week...
Currency
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Francis Dogbe, 20 April 2016, 07:22
FxWirePro,Singapore Dollar Slips Off 9-Month High Against US Dollar, Good to Buy on Dips USD/SGD is currently trading around 1.3405 marks. It made intraday high at 1.3416 and low at 1.3359 levels. Intraday bias remains neutral till the time pair holds initial resistance at 1.3423 levels...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 07:22
FxWirePro: USD/INR Hovers Around Key Resistance at 66.32, Intraday Bias Remains Neutral USD/INR is currently trading at 66.3075 marks. It made intraday high at 66.3250 and low at 66.26 levels. Intraday bias remains neutral for the moment. A daily close below 66...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 07:19
Moving averages are without a doubt the most popular trading tools and indicators. Moving averages are a great tool if you know how to use them – most traders, however, make some fatal mistakes when it comes to trading with moving averages...
Trading Strategies
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Francis Dogbe, 20 April 2016, 07:18
FxWirePro: AUD/USD Slips Below 0.78 Handle, Good to Go Short, Target 0.7690 AUD/USD down from 10-month highs hit on Tuesday's trade as sentiment soured across markets as oil turned back in the negative territory...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 07:03
AUD/USD: Technically Bullish, Key Support 0.7720 - FXStreet Valera Bednarik, chief analyst at FXStreet explained that the technical outlook for AUS/USD is neutral-to-bullish in the 1 hour chart...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 06:59
GBP/USD: Approaching Towards Short Term Channel Limit – SocGen Research Team at Societe Generale, suggests that the GBP/USD has breached a multiyear upward channel support (1.46) and looks headed towards graphical levels at 1.36/1.35 (lows of 1986, 2001, 2009...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 06:53
Oil Price Recovery to Overlook Divided OPEC – Danske Bank Senior Analyst, Jens Nærvig Pedersen at Danske Bank, notes that the decline in the oil price following the failed attempt in Doha on Sunday to reach an agreement among major world oil producers on a production freeze proved to be short-liv...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 06:51
EUR/USD is Undergoing Broad Consolidation - SocGen Research Team at Societe Generale, suggests that after testing key levels 1.06/1.05 last year, EUR/USD is undergoing broad consolidation. Key Quotes “After forming spinning top at important hurdle of 1.1460, EUR/USD is undergoing a retracement...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 06:35