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Among the more interesting questions in the FX market these days is: Why the failure to reach a deal in Doha had no significant impact on the global markets? The answer to this question is central for the near-term outlook of the G10 commodity currencies...
Analytics & Forecasts
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Vasilii Apostolidi, 21 April 2016, 00:24 #forex
Remember at the start of the day the EURUSD was in a 38 pip trading range. That range has now been extended to an above average of 94 pips (the average is 82 pips) - and it might not be over. Looking at the daily chart, the EURUSD has a head and shoulders look to it...
Analytics & Forecasts
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Francis Dogbe, 20 April 2016, 23:26
Last weekends Elliott Wave weekly update spoke about the ongoing contracting wedge formation in cable, I had been expecting a further rise to the 14400 handle to complete three movements in wave ‘e’ of the triangle...
Analytics & Forecasts
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Francis Dogbe, 20 April 2016, 23:17
Sterling may lose one-quarter of its value if the U.K. votes to leave the European Union in its upcoming referendum, the head of a top London hedge fund told CNBC...
Analytics & Forecasts
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Francis Dogbe, 20 April 2016, 23:16
Analysts at UOB Group explained that there has been more news coming out from China that point to the difficulties facing Chinese corporates...
Analytics & Forecasts
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Vasilii Apostolidi, 20 April 2016, 22:03
EUR/USD extended its recovery up through the “neckline” to the recent top and the 38.2% retracement of the recent fall at 1.1322/27 before stalling around this zone, notes Credit Suisse. "Support moves to 1.1315, then 1.1296, with a break below 1.1274/71 needed to retest 1.1234 low...
Analytics & Forecasts
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Vasilii Apostolidi, 20 April 2016, 21:29 #EUR/USD
FxWirePro: Gold Tests Key 1256 Level, Scope for Further Upside Gold retreated slightly on Wednesday as dollar firmed after better than expected US housing data supported dollar and investors remained cautious ahead of the Eurozone interest rate decision followed by ECB press conference...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 21:18
FxWirePro: USD/JPY Rebounds, Critical Resistance at Lies Ahead The USD/JPY pair slipped towards 108.74 levels initially in the European session, however the pair rebounded back strongly gaining back all losses suffered earlier after the release of positive US housing data...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 21:12
Low inflation and subdued dairy prices will keep the New Zealand dollar in check over the course of the coming year. The pound sterling remains in a protracted downturn against the New Zealand dollar with the pair about to give up all the gains made in 2015...
Analytics & Forecasts
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Vasilii Apostolidi, 20 April 2016, 21:11
Strong supply of sterling above 1.4350 could keep GBP/USD exchange rate strength contained...
Analytics & Forecasts
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Vasilii Apostolidi, 20 April 2016, 21:09
Heading into Thursday's European Central Bank decision, the euro holds around $1.1300, at levels deemed not "too hot" or "too cold," but in the middle of the April range...
Analytics & Forecasts
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Vasilii Apostolidi, 20 April 2016, 21:06 #forex
EUR/USD Drops to Test 1.1300 The euro dropped further against the US dollar and fell to 1.1300 hitting a new daily low. So far EUR/USD has been able to remain above 1.1300 but continues to hold a bearish intraday tone...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 20:42
USD/CHF Reverses and Climbs Toward 0.9700, at 4-Week Highs The Swiss franc dropped sharply across the board during the American session and boosted the USD/CHF pair that rose from 6-day lows to 3-week highs. Yesterday the pair declined to 0.9584 and then rose modestly...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 20:40 #usdchf
In order to get the timing right to participate in USD weakening requires a closer look at the US Treasury market. Rising bond yields within a non-US QE and international capital inflow environment may indicate a better US economy, seeing its savings declining and its capital demand increasing...
Analytics & Forecasts
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Vasilii Apostolidi, 20 April 2016, 19:59 #forex
NZD/USD: are Bulls Dropping their Commitments? NZD/USD has been lacking in vigour, in comparison to recent performances through the 0.70 handle. However, that was a short-lived conquest and failures to maintain the top spot and close above 0.7000 have opened-up a chain of supply from 0...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 19:27 #nzdusd
Analytical Review of the Stocks of Johnson & Johnson Johnson & Johnson, #JNJ [NYSE] Health care, Production of drugs, USA Financial performance of the company: Index – DJIA, S&P 500...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 19:20
EUR/USD Retail FX Cling to Net-Short Positions Ahead of ECB Meeting EUR/USD EUR/USD may largely consolidate going into the European Central Bank (ECB) interest rate decision as market participants gauge the outlook for monetary policy; despite speculation for more easing, the single-currency may...
Analytics & Forecasts
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soubra2003, 20 April 2016, 19:20
USD/CHF: Swiss Index of Economic Expectations has Grown Swiss index of economic expectations has grown to 11.5 in April against 2.5 in March. However, this news has had only short-term effect on the market...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 19:15 #usdchf
Another day of mixed trade, with confusing signals suggesting a GBP top in Cable, but support coming in from EUR based selling which hit EUR/GBP to fresh 3 week lows...
Analytics & Forecasts
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Vasilii Apostolidi, 20 April 2016, 19:01 #forex
Yen Continues to Correlate with Stocks - Scotiabank Analysts at Scotiabank noted the continued correlation between stocks and the Yen. Key Quotes: The Nikkei gained strongly yesterday and managed to buck the trend of mixed to weaker global stocks with a modest gain overnight...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 19:01