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AUD/USD: Bid on Oil Draws Ahead of FOMC Minutes AUD/USD is currently on the bid as we head in towards the FOMC today. AUD/USD has rallied from a low of 0.7510 and has penetrated the 0.76 handle. This is a move that commenced in yesterday's start of business in the U.S...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 20:36
EUR/USD Rises Above 1.1400 as Dollar Tumbles Ahead of FOMC Minutes EUR/USD broke above 1.1401 and climbed to 1.1431 hitting the highest level since last Friday and is only a few pips below last week highs. If it rises above 1.1437 it would be trading at the strongest level since October...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 20:33
Less Dovish Minutes Favours EUR/USD's LHS EUR/USD did not quite know what to make of the FOMC minutes and was trading in a narrow range and directionless on the release...
Currency
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Roberto Jacobs, 6 April 2016, 20:30
FOMC Minutes Preview, What to Expect of EUR/USD...
Currency
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Roberto Jacobs, 6 April 2016, 20:27
FOMC Minutes: Members Split on April Rate Hike Fed officials discussed an April rate hike, but some officials argued against such a move, minutes of the FOMC March 15-16 meeting showed...
Currency
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Roberto Jacobs, 6 April 2016, 20:25
USD/JPY Hits Fresh 17-Month Low After FOMC Minutes USD/JPY dropped further after the release of the Federal Reserve minutes and bottomed at 109.33, hitting the lowest level since October 2014. The pair then bounced to the upside, and it trading around 109...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 20:23
The Federal Reserve will be back in focus again on Wednesday as we get the release of the minutes from last month’s FOMC meeting and get the up-to-date views of a few policy makers...
Market News
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Francis Dogbe, 6 April 2016, 18:56 #FOMC
German industrial production fell by 0.5% m/m in February, better than expectations for a 1.8% fall after the very strong January print. The January reading itself was revised down by 1pp to 2.3% m/m. Overall we see eurozone economy growing by a fairly solid 0...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 18:15 #forex
On the first of February, just before the BOJ’s bungled attempt to ease monetary policy, the Bloomberg consensus for USD/JPY in Q4 2016 was 125, with a range of 110-134. Today, the consensus is 118, the range 100-131. That is about as confused as the FX market ever gets...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 17:18 #forex
Strategists at Westpac believe the US dollar could resume its downside in the short term. “A spike in risk aversion may save the USD on selected crosses near term but the beyond that the lacks underlying support”...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 16:52 #forex
Because traders and investors forget on history soon, it is good to remind some big history events in trading history. Today it's flash crash from May 6, 2010. For a very long time, there were rumors about the cause of this event...
Trading Systems
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Algofxsolution, 6 April 2016, 16:07
Today’s Fed minutes could undermine the risk rally further especially if they highlight that there was a range of views on the pace of rate normalization in March...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 15:43 #forex
Since it hit a new five-month low below 1.2900 late last week on the last day of March, USD/CAD has rebounded to hit a high briefly above 1.3200 resistance as of Tuesday...
Currency
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Francis Dogbe, 6 April 2016, 14:52
NZX has received formal approval from the Financial Markets Authority and the Reserve Bank of New Zealand for its proposed milk price futures and options contracts, expected to launch in May 2016...
Market News
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Francis Dogbe, 6 April 2016, 14:49 #Trading, forex
Westpac's strategic call to sell the GBP to USD pair on anticipation of a deep decline has proven right so far and there is still further to go before the initial target is met. It is not too late to ride the GBP/USD train to lower levels. The exchange rate is forecast to weaken to below 1...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 14:25 #forex
Motivation: You want to work with the machine (Surfing, Editing Files, no big thing...) while you are performing back testing? This is valid for MT4 and MT5 and also applies to other Windows versions. 1...
Other
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Lars Rompe, 6 April 2016, 14:25
The Canadian government has projected that the change in fiscal stance will add 0.5ppt to real GDP growth this fiscal year, notes BTMU...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 14:22 #forex
GBP's performance against USD is lagging compared to its other G10 counterparts. Brexit fears continue to weigh on GBP, our G10 FX PIX indicator shows GBP short positioning increased further last week and is now at extreme levels, a lot is already priced in now for the EU referendum...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 13:42 #forex
FXWIREPRO: EUR/JPY Breaks Strong Trendline Support at 125.26, Good to Sell Rallies EUR/JPY is retreating from last week’s tops just above 128.00, and has breached strong trendline support at 125.26. Momentum studies are bearish, confirming further downside in the pair...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 13:37
China: March Foreign Reserves Data Preview – ING Tim Condon, Chief Economist at ING, suggests that based on stable CNY policy and ING’s house view that USD/Majors will range trade in 2016 they revised their yearend USDCNY forecast to 6.47 from 6.65...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 13:34 #China