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Australia: Going with the Flow - ING James Knightley, Senior Economist at ING, notes that the Reserve Bank of Australia (RBA) left policy unchanged, but suggested they continue to have room to act should inflation soften, citing currency strength as a key issue...
Currency
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Roberto Jacobs, 6 April 2016, 06:31
AUD: Set to Remain in 0.74 to 0.78 Range for Near-Term - Westpac Research Team at Westpac, notes that the RBA acknowledged the higher currency, but put forward 'some increase in commodity prices' and 'monetary policy developments elsewhere in the world' as driving factors...
Currency
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Roberto Jacobs, 6 April 2016, 06:28
Asian Sstocks See Relief Rally on Oil Rebound The sentiment on the Asian stocks rebounded this Wednesday, after a bearish start to the week, as the oil price rebound offered some reprieve to the energy sector stocks, while a weaker yen aimed reduced demand for safe-haven also boosted the Japanese...
Market News
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Roberto Jacobs, 6 April 2016, 06:26
Former BOJ Official: Little Possibility of Intervention to Curb Strong Yen In an interview via Bloomberg on Wednesday, Tohru Sasaki, head of Japan markets research at JPMorgan and a former official at the BOJ, said that the BOJ intervention is less likely to restrict the recent yen’s appreciation...
Currency
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Roberto Jacobs, 6 April 2016, 06:23
CAD: Hot on the Commodity Bloc – Deutsche Bank Robin Winkler, Strategist at Deutsche Bank, suggests that valuation differentials across the dollar bloc are at all-time highs and the Antipodes are 15% too expensive on PPP while CAD is 5% too cheap...
Currency
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Roberto Jacobs, 6 April 2016, 06:21
NZD/USD Back on the Bids above 0.68, Risk-on Underpins The NZD bulls caught a fresh bid tone over the last hour, allowing NZD/USD to regain 0.68 barrier as the oil price rebound lifts overall market sentiment. NZD/USD re-attempts hourly 200-SMA at 0.6817 Currently, the NZD/USD pair trades 0...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 06:18 #nzdusd
Gold Fails Near 20-DMA Resistance, Fed Minutes in Focus Gold prices reverse a part of yesterday’s solid rebound and now waver around $ 1230 barrier, on improved risk sentiment as Asian equities rebound along with the oil prices...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 06:16 #gold
EURUSD Daily Forecast: April 06 2016 EURUSD Forecast The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. As long as stay above 1.1335 price is still in a bullish phase testing 1.1500 which remains a good place to sell with a tight stop loss...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 06:12
GBPUSD Daily Forecast: April 06 2016 GBPUSD Forecast The GBPUSD had a bearish momentum yesterday bottomed at 1.4121. The bias is bearish in nearest term testing 1.4050 area. Immediate resistance is seen around 1.4200/25...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 06:11
USDJPY Daily Forecast: April 06 2016 USDJPY Forecast The USDJPY had a significant bearish momentum yesterday, broke below 110.96 key support as you can see on my daily chart below. The bias is bearish in nearest term testing 109.50 area. Immediate resistance is seen around 110.96...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 06:09
USDCHF Daily Forecast: April 06 2016 USDCHF Forecast The USDCHF had another indecisive movement yesterday. Price slipped below 0.9570 but still unable to stay consistently below that area so far...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 06:07 #usdchf
USD/JPY: First Time Below 110.00 Since Oct 2014 - Westpac Analysts at Westpac explained that the USD/JPY remained heavy amid equity weakness, the yen showing its safe haven status once again. Key Quotes: "The pair slipped from 110.50 to a low of 109...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 04:52
USD/JPY Bulls Making a Stand on the 110 Handle USD/JPY is making a slight recovery in the Tokyo opening hour, up to challenge the 100 sma on the 15min time frame in a continuation of early Asia's bid...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 04:50
Yen Strength Continues in Asia, BOJ Watching FX Following a relatively positive start of trading in Tokyo, which saw USD/JPY edge higher towards 110.50, renewed selling pressure in the Nikkei 225, now down by 0.35%, has seen buying flows returning into the Japanese Yen...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 04:47
China: Caixin services PMI upbeat in March Chinese data continues to improve, with today's Caixin services PMI coming at 52.2 vs 51.2 last, while China's services PMI composite was 51.3 vs prior 49.4. Commenting on the China General Services PMI™ data, Dr...
Market News
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Roberto Jacobs, 6 April 2016, 04:45
AUD/USD Rebounds to 0.7560 on Upbeat China Services The Australian dollar caught a fresh bid-wave against its US counterpart following the release of the Chinese services PMI report, driving AUD/USD back to daily tops. AUD/USD extends recovery above 0.7550 Currently, the AUD/USD pair gains 0...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 04:42
CAD to Outperform Antipodeans - Deutsche Analysts at Deutsche Bank explained that the valuation differentials across the dollar bloc are at all-time highs. Key Quotes: "The Antipodes are 15% too expensive on PPP while CAD is 5% too cheap...
Currency
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Roberto Jacobs, 6 April 2016, 04:40
My EA in 2 min https://www.youtube.com/watch?v=iWA2af8eiSU I look at every theory and have read every good book on trading. I worked 15 years in the city with top league firms like Credit Suisse and Deutsche Bank. Whatever I try always brings me back to my original trading method...
Scalping
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Olivier Nomblot, 6 April 2016, 02:47
Sterling looked in pretty decent shape for a short time yesterday, but gains through the low 1.43s were fleeting and the weak underlying trend quickly re-asserted itself...
Analytics & Forecasts
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Vasilii Apostolidi, 5 April 2016, 23:19 #forex
In the weeks and months ahead, those keeping an eye on Japan and its currency will be treated to a three-ring circus, which started off Tuesday with a break in dollar-yen below the psychological Y110 level for the first time since October 31, 2014...
Analytics & Forecasts
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Vasilii Apostolidi, 5 April 2016, 23:17 #forex