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Shaun Osborne Chief FX Strategist at Scotiabank explained that sterling looks soft but not soft enough, yet, that we would concerned about a sharp slide in the market...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 22:43
EUR/GBP may remain steady in April due to seasonal effects, however, Brexit inspired volatility could push up the pair above 0.80 in the run up to the referendum. The UK public will vote to stay in the EU and the pound will rise back to 0...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 22:35 #forex
The Nikkei 225 closed the day at 16,123.27, down by 40 points, and into the red for fifth consecutive day, as the Japanese yen kept appreciating against most of its major rivals...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 22:31 #Nikkei
Valeria Bednarik, chief analyst at FXStreet, explained that majors held within limited ranges this Monday, but the American dollar retained the negative tone, ending the day down against most of its major rivals, although commodity-related currencies were under pressure amid another negative day...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 22:30
Valeria Bednarik, chief analyst at FXStreet explained the poor performance of stocks alongside with commodities' weakness, resulted in an increased demand for the Japanese yen at the beginning of the week...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 22:28
Pound's demand helped the GBP/CAD cross to recover some ground this Monday, with the critical 1.8500 support level still holding...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 22:27
NZD/USD has continued to drift lower below the 0.69 handle from where the price dumped to 0.6833 previous lows...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 22:25
Crude oil prices came under renewed selling pressure on news that Iran would continue to increase its oil production to reach the market position it enjoyed before the sanctions, diminishing hopes of an output freeze deal amongst OPEC and non-OPEC producers...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 22:24
Gold prices remained under pressure at the beginning of the week, with spot falling below $1,215 an ounce...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 21:26 #gold
Technical Outlook: AUDUSD reversed off slope resistance last week with the broader long-bias at risk near-term heading into tonight’s Reserve Bank of Australia (RBA) interest rate decision. The pair is now testing support at 7590-7606- a region defined by the 61...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 21:14
In the past three weeks, we have seen a bit of ‘a perfect storm’ against our call for a weak Euro...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 21:04 #forex
Analysts at TD Securities explained the overall tone of the March FOMC meeting was dovish, reflecting a greater concern among Fed officials about the risks posed to the US economic outlook from global developments...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 20:36
AUD/USD is trading with a bearish bias although within a positive trend as we head towards tonight's main event in the RBA. RBA to maintain old fashioned attitude despite the Aussie AUD/USD dropped from the 0.7680 zone to end the week last week and made a recent low today of 0...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 20:34
Analysts from Lloyds Bank point out that EUR/GBP bias remains to the upside and it looks set to test the region around 0.8170 - 0.8230. “A clear breakout and extension from the recent 0.7665-0.7925 trading range, sees us test next resistance around .8030/40...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 20:11 #eur/gbp
The Canadian dollar managed to hold up pretty well against its US rival despite renewed weakness in oil prices, with WTI falling back below $37.00 a barrel. USD/CAD rose to a daily high of 1.3082 during the European session but then turned lower amid broad USD weakness and bottomed out at 1.3002...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 20:06 #usd/cad
According to analysts from Danske Bank, the Danish central bank did not intervene in the FX market in March and reserves may start to rise soon again. They expect Danmarks Nationalbank (DN) to cap EUR/DKK not far below current levels...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 20:04
Analysts at Brown Brothers Harriman explained that this EM rally could run for a while longer, but we still believe that some EM turbulence will return later this year. "Look at how poorly EM and risk traded in the run-up to the March FOMC meeting...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 19:40
Analysts from Lloyds Bank explain that the long-term trend in the GBP/USD pair remains down with risks for a test of 1.35. “A sharp decline, aligned with the EURGBP range breakout, from the range highs in the 1.4480-1.4515 on Friday suggests that further weakness to re-test range support in the 1...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 19:38 #GBP/USD
Analysts at UOB Group explained that, for the week, USD was lower against the regional currencies, undermined by dovish tone from US Fed and despite a stronger-than-expected nonfarm payroll last Fri...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 19:36
Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that USD/JPY has tested a fresh two week low and trend signals hint to a rise in downside risk. "However momentum indicators are close to neutral and USDJPY has yet to break its multi-month range roughly bound between 111 and 115...
Analytics & Forecasts
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Vasilii Apostolidi, 4 April 2016, 19:34 #usd/jpy