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FXWIREPRO: Reasons for Safeguarding Aussie Export Payables, a Glimpse on the AUD/USD Hedging Drivers Over the longer-term, we expect AU growth to remain subpar and AUD to drift lower. But, there have been a few key things to watch out in H2 of 2016...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 11:57
FXWIREPRO: South African Rand Gains 1 Percent Against US Dollar, Good to Sell on Rallies Pair is currently trading at 14.81 marks. It made intraday high at 14.98 and low at 14.75 levels. Intraday bias remains bearish till the time pair holds key resistance level at 15.05 levels...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 11:53
Gold Trims Gains as Stocks Rise Gold continued to surrender gains, now trading around $1247 levels as stock markets in Europe erased early gains to trade higher. Offered at $1254.32 Prices turned lower from a three-week high of $1254...
Metals
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Roberto Jacobs, 11 April 2016, 11:51 #gold
JPY Could Appreciate Further – Danske Bank Chief Analyst at Danske Bank Arne Rasmussen has assessed the prospects of further strengthening by the Japanese currency. Key Quotes “The hottest topic in global FX markets is the relentless strength of the JPY...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 11:49
GBP/USD Downside Risks Gather Pace – UOB The research team at UOB Group expects the sterling to come under renewed downside pressure. Key Quotes “The downside risk is still intact but GBP has to break clearly below the major 1.4000 support before further sustained weakness can be expected”...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 11:44
USD/JPY Rises Above 108.00 Yen bulls finally loosened their grip allowing for a technical correction that saw the USD/JPY pair rise above 108.00 levels. Nears hourly 50-MA The spot jumped to near hourly 50-MA level of 108.32 levels before trimming gains slightly to trade around 108.12 levels...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 11:42
EUR/GBP Faces Resistance at 0.8162/0.8200 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the European cross faces strong resistance in the 0.8162/0.8200 band...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 11:40
EUR/USD Drops to Lows Near 1.1380 The single currency has now come under renewed selling pressure, dragging EUR/USD to the area of session lows near 1.1380. EUR/USD weaker ahead of Fed Spot has given away recent gains and returned to sub-1...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 11:10
Analysis : Triangle has broken through the support line at 07-Apr-16:00 2016 GMT. Possible bearish price movement forecast for the next 3 days towards 0.744. Supporting Indicators : Downward sloping Moving Average Resistance Levels...
Charts
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Lahcene Ouled Moussa, 11 April 2016, 11:04
Indonesian Bonds Gain on Bank Indonesia Easing Expectations The Indonesian long-term bonds gained on Monday as market anticipate another 25-50 bps cut in 2016 due to soft economic growth. The benchmark 10-year bonds yield, which is inversely proportional to bond price fell 0.40 pct to -7...
Market News
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Roberto Jacobs, 11 April 2016, 10:52
GBP/USD Jumps to Highs Near 1.4220 The sterling met some upside pressure following a positive start of European equities on Monday, with GBP/USD testing highs above the 1.4200 handle...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 10:41
FXWIREPRO: FTSE100 Faces Strong Resistance at 6225, Good to Sell on Rallies Major support -6080 (trend line joining 6006 and 6060) Major resistance – 6225 (200 day MA) The index has once again retreated after making a high of 6217. It is currently trading around 6169...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 10:40
In a quiet week for domestic economic news, negative global risk sentiment, exemplified by a sharp rally to a series of two-year highs in the Japanese yen through Thursday, supported a solid rally in Treasuries over the past week, leaving yields not far from the February lows even after modest lo...
Analytics & Forecasts
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Batur Asmazoglu, 11 April 2016, 10:32
Testing the yen There is currently a stand-off on the yen between the market and the Japanese authorities and for the moment, the market is winning hands down. Thanks to Friday’s late yen gains, USDJPY has now been falling for seven consecutive sessions (including today...
Market News
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Mohammad Soubra, 11 April 2016, 10:26
Technical Analysis of USDX for April 11, 2016 The Dollar index remains in a bearish trend but this trend is soon to end and reverse upwards as there are many divergence signs. Dollar bears should be very cautious as the 94 price level is heavily defended by dollar bulls...
General market sentiment is likely to be the key driver of USD crosses this week, with the focus being IMF's World Economic Outlook (Tuesday) and China’s 1Q GDP (Friday...
Analytics & Forecasts
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Batur Asmazoglu, 11 April 2016, 10:07
Technical Analysis of Gold for April 11, 2016 Gold has broken upwards above the short-term bearish channel and above the short-term resistance at $1,145-50 giving a bullish signal. However, bulls need to be very cautious despite the small chances of making a new higher high towards $1,300...
Analytics & Forecasts
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Roberto Jacobs, 11 April 2016, 10:05
Technical Analysis of USD/CHF for April 11, 2016 USD/CHF is expected to trade in a lower range. The pair remains under pressure below its key resistance and is expected to post further consolidations. Meanwhile, the relative strength index lacks upward momentum...
JPY: Japan Strengthens Direct Intervention Threat - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the verbal intervention from Japanese officials has had only a limited impact at dampening yen strength in the near-term...
Currency
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Roberto Jacobs, 11 April 2016, 09:55
EU Referendum Officially Kicks Off This Week - TDS Research Team at TDS, suggests that the UK’s EU Referendum officially kicks off on Friday...
Market News
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Roberto Jacobs, 11 April 2016, 09:52