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Weaker Dollar Commodity Producers Nightmare Weaker Dollar is and likely to increase commodities producing countries’ as well as their respective central banks’ headaches by shrinking their policy options...
Market News
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Roberto Jacobs, 6 April 2016, 12:34
EUR/USD Treading Water Around 1.1350, Fed Minutes Eyed The bears take a breather from their downward momentum, allowing the EUR/USD pair to consolidate the heavy losses, as market inch closer towards the FOMC minutes due later in the US session...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 12:30
CBRT: Door Open for Further Easing? – Rabobank Strategist at Rabobank Piotr Matys sees the possibility that the CBRT could loose further its monetary conditions in the medium term horizon...
Market News
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Roberto Jacobs, 6 April 2016, 12:28
Pre US Open, Daily Technical Analysis Wednesday, April 06, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: under pressure. Pivot: 1.1385 Most Likely Scenario: short positions below 1...
My Trading
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Mohammad Soubra, 6 April 2016, 12:26
EUR/JPY Finds Support Near 125.00 The softer tone in the euro plus increasing demand for the Japanese currency is dragging EUR/JPY to the 125.20 area on Wednesday...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 12:12
Global Macro Overview for 06/04/2016 (Crude Oil) The American Petroleum Institute reported yesterday a decrease in the US oil inventories by the level of -4300K. This number was way below the market expectations of 2900K, which would be another increase from 2600K a week ago...
Crude Oil
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Roberto Jacobs, 6 April 2016, 12:07
FXWIREPRO: USD/INR Bounces Above 7DMA, But Finds Resistance at 21DMA - INR Hedging Ideas for Fx Risks Technical glimpse: The breakdown in USD/INR continues with a renewed trending bias. The break out above of the resistance 66...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 12:04
US Oil Breaks Major Trendline Resistance, Jump Till $38.55/$39.30 Is Possible Major resistance - $36.40 (trend line joining $39.82 and $39.01) Major support - $36 (55 day EMA) US Oil has broken major resistance $36.40 and jumped till $37.05 at the time of writing...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 12:00
German Bunds Slump on Firm Economic Data, Rising Oil Prices The German 10-year bond tumbled on Wednesday amid strong Markit retail sales PMI figure and better than expected industrial production data. The benchmark 10-year bonds yield, which is inversely proportional to bond price rose 6...
Market News
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Roberto Jacobs, 6 April 2016, 11:56
USD/CAD: Loonie Fails to Benefit From Oil Price Rebound The Canadian dollar continues to get hammered by its US counterpart for the fifth straight session, driving USD/CAD closer towards 1.32 barrier. USD/CAD trades well beyond 20-DMA at 1.3115 Currently, the USD/CAD pair gains 0.27% to 1...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 11:53
Russian Bonds Rally on Strong Oil Prices The Russian 10-year bonds jumped on Wednesday, following strong cues emerging from crude oil prices, pushing the yield on 10-year bonds down 5 bps...
Market News
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Roberto Jacobs, 6 April 2016, 11:43
GBP/JPY Drops to Six-Week Low GBP/JPY pair clocked a six-week low of 155.50 on Brexit fears and BOJ’s hesitation to intervene despite Yen’s winning streak. Trades below 50% Fibo The cross remains below 156.36 (50% of 2011 low-2015 high...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 11:40
Technical Analysis of USD/CAD for April 6, 2016 General overview for 04/04/2016: Another higher high has been made in this market as bulls are making their way towards the important technical resistance at the level of 1.3292...
Technical Analysis of EUR/JPY for April 6, 2016 General overview for 06/04/2016: The most appropriate way to count the current wave progression is a triple zig-zag correction as the wave 2...
USD/JPY Finds Support Near 110.25, Re-Takes 110.50 The USD/JPY pair continues to move back and forth in a 25-pips narrow range so far this Wednesday, as JPY bulls continue the fight for control heading towards the FOMC minutes release...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 11:33
Technical Analysis of USDX for April 6, 2016 The Dollar index continued its sideways movement with no clear direction. The trend remains bearish. Dollar bears should better wait for a bounce before selling right away. Dollar bulls should be patient as the short-term trend remains bearish...
AUD/USD Trims Gains, Returns to 0.7550 The Aussie dollar has faded its initial spike to session highs near 0.7570 vs. the greenback, with AUD/USD now re-testing the 0.7550/45 band...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 11:24
FXWIREPRO: EUR/SEK Hovers Around 9.25, Good to Sell on Rallies EUR/SEK is currently trading around 9.2502 levels. It made intraday high at 9.2560 and low at 9.2371 levels. Pair fails to break key resistance at 9.2718 and supported below 9.2500 marks. Intraday bias remains bearish for the moment...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 11:23
FXWIREPRO: Gold Forms Bearish Bat Pattern, Good to Sell on Rallies Harmonic Pattern Formed – Bearish Bat Pattern Potential Reversal Zone (PRZ) - $1240 The yellow metal has recovered till $1236.60 after making a low of $1214.84...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 11:21 #gold
Japan PM Abe: We Should Refrain from Arbitrary Intervention in Currency Markets In an interview with the Wall Street Journal on Wednesday, Japanese PM Abe ruled out stepping into foreign exchange markets to reverse the yen's rise...
Market News
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Roberto Jacobs, 6 April 2016, 11:18