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FxWirePro: EUR/JPY Edges Higher from Weekly Lows at 121.88, Bias Lower EUR/JPY edges higher from weekly lows at 121.88 to retake the 122 handle, but bias remains to the downside. Our previous call (http://www.econotimes...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 08:14
USD/CAD Eyeing 1.2500 Level to Extend Some Support Weak USD GDP print and rising crude oil prices continued pressing the USD/CAD pair lower and the pair is now inching closer to 1.2500 handle, level that has not been tested since June 2015. From 2016 peak of 1...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 08:11
USD/JPY: 200-Day MA Should Underpin Market - Commerzbank Karen Jones, Head of FICC Technical Analysis Research at Commerzbank AG, shares her technical analysis on USD/JPY, noting that the 200 month moving average at 105.86 should underpin the market at this stage...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 08:08
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and all with low to medium risks associated. Data released so far – New Zealand – ANZ activity outlook rose to 32.1% for April, compared to 29.4% prior. ANZ business confidence rose to 6.2 from 3.2 prior...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 08:00
FxWirePro: NZD/JPY Sees Strong Downside Bias, Good to Sell Rallies NZD/JPY price action breaks below daily cloud and bias is strongly to the downside. The pair has broken strong trendline support at 75.70 on Thursday's trade...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 07:56
EUR/USD: Neutral: Daily close above 1.1400 would target 1.1460/65 and beyond. As mentioned yesterday, while the outlook for this pair is deemed as neutral (between 1.1200 and 1.1400), the odds for a break above 1.1400 are higher than for a break below 1.1200...
Analytics & Forecasts
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Vasilii Apostolidi, 29 April 2016, 07:55 #GBP/USD, EUR/USD
Our dollar framework has centered around trading the “USD Smile”. Currently, we are sitting at the bottom of the smile – and it’s not until either the US economy outperforms, or the rest of the world begins to slow down – that the USD can find a firmer footing...
Analytics & Forecasts
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Vasilii Apostolidi, 29 April 2016, 07:54 #forex
...For markets, the perceived lower boundary of negative policy rates (ECB), maxed out fiscal policy (if you if subscribe to the Reinhart-Rogoff view), and the asymmetric risks facing the FOMC have fostered expectations of ‘policy inactivity’...
Analytics & Forecasts
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Vasilii Apostolidi, 29 April 2016, 07:53 #EUR/USD
While the RBA may maintain a dovish bias, Governor Stevens comments that monetary policy is not a cure-all imply that he has little desire to actually cut rates further. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
Analytics & Forecasts
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Vasilii Apostolidi, 29 April 2016, 07:51 #RBA
FxWirePro: Spot Gold Rises 1 Pct to 7-Week High of $1,280 on Weaker Dollar, Intraday Bias Remains Bullish XAU/USD is currently trading around $1274 mark. It made intraday high at $1280 and low at $1264 levels. Intraday bias remains bullish till the time pair holds immediate support at $1262 marks...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 07:51
June is gearing up to be an important month, with a host of key events taking place that will set the risk tone for the remainder of 2016. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
Analytics & Forecasts
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Vasilii Apostolidi, 29 April 2016, 07:50
USD/JPY: How Far Will Flying On One Engine Get You? - Credit Agricole USD/JPY dropped sharply in response to the BoJ’s policy inaction in April. The outcome eroded the market’s belief that the BoJ will be easing anytime soon, if at all, and may argue for further JPY appreciation...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 07:38
Intra-day Market Moving News and Views (USD/JPY) USD/JPY - ...... Although dlr stabilized in o/n New York after falling the most in 5-year from 111.88 (Asia) to as low as 108.88 due to surprised BoJ's unchanged monetary policy decision, price had fallen again after meeting renewed selling at 108...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 07:31
JPY: All-Japan Core Inflation Rate Lower than Consensus – Nomura Research Team at Nomura, notes that in March the all-Japan core CPI (general index excluding fresh food) fell 0.3% y-y, below the consensus of -0.2% (Bloomberg survey median) and down from 0.0% in February...
Currency
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Roberto Jacobs, 29 April 2016, 07:27
NZD: RBNZ Kept Cards Close to the Chest – ANZ Research Team at ANZ, notes that the OCR was maintained at 2.25% by RBNZ and a clear easing bias was retained (“further policy easing may be required”...
Currency
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Roberto Jacobs, 29 April 2016, 07:24
US: Q1 GDP Disappoints but Household Details Show Promise – Nomura Research Team at Nomura, notes that the Bureau of Economic Analysis (BEA) reported that US real GDP grew by 0.5% q-o-q in Q1 2016, slightly below expectations (Nomura and Consensus: +0.7...
Market News
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Roberto Jacobs, 29 April 2016, 07:20
GBPUSD: Threatening Further Upside Short Term GBPUSD: Having GBPUSD taken back its losses to close higher on Tuesday, further bullishness is envisaged. On the downside, support lies at the 1.4550 level where a break will turn attention to the 1.4500 level. Further down, support lies at the 1...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 07:17
GBP/USD Flirting with 1.4650, Highest Since Jan 6th Once Above... GBP/USD has been on a steady rise in Asia hours, with bulls currently threatening with the prospects of a break through 1...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 07:12
NZD/USD Bulls Committed, Targeting 0.7025 NZD/USD is currently bid on the daily sticks and combating the downside from the 2016 highs on the 0.70 handle scored earlier in the week at 0.7053 on the back of the RBNZ staying put. NZD/USD: too high, expecting one more cut - UOB U.S...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 07:03 #nzdusd
AUD: Lower Commodity Prices Mask Iimproved Trade Integration with East Asia - NAB Research Team at NAB surveyed Australian business integration with East Asia in September 2014 and China in December 2015 and noted that the recent headline trade data indicate a reversal in the decades-long process...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 06:56