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AUD/NZD rallied hard aft the Chinese data that propped up the Aussie, although AUD/USD found the 0.77 a tough nut to crack and halted the bulls. AUD/NZD however managed to score over 40 pips and ran to 1.1122 highs...
Analytics & Forecasts
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Francis Dogbe, 1 April 2016, 08:20 #China
FXWIREPRO: EUR/GBP Upside Pauses Just Shy of 0.7946 (2016 Highs), Momentum Higher The euro extended gains versus the pound, hit high at 0.7944, just two pips below 0.7946 (2016 highs). The pair extends gains above 0.7900 in the wake of the euro area flash inflation figures released on Thursday...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 08:16
Australian Bonds Slump on Firm U.S Data The Australian 10-year bond tumbled on Friday, tracking U.S. trends after strong economic data from U.S...
Market News
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Roberto Jacobs, 1 April 2016, 08:14
USD/CAD Flirts with Highs Near 1.3050 The greenback is posting moderate gains vs. its Canadian neighbor on Friday, taking USD/CAD to the area of daily highs near 1.3050. USD/CAD focus on Payrolls After bottoming out in fresh multi-month lows in the mid-1...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 08:12
US Non-Farm Payrolls Likely Increased 220,000 in March – Danske Bank Research Team at Danske Bank, estimates that the US non-farm payrolls increased 220,000 in March, slightly above the current consensus of 210,000...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 08:09
FXWIREPRO: NZD/CAD Faces Strong Resistance Around 0.9060, Good to Sell on Rallies Major resistance 0.9060 Major support -0.8920 (resistance turned into support) The pair has recovered after making a low of 0.8927. It is currently trading around 0.89914...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 08:06
EUR/GBP Edging Higher, 0.7950 Next Target? EUR/GBP keeps its upside intact during the second half of the week, trading at shouting distance from the 0.7950 area, or earlier 1-year peaks...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 08:03
There is No Basis for Continued Depreciation of the Yuan - Xinhua Xinhua News Agency reporting comments from China’s foreign ministry on the Yuan and country’s fiscal policy...
Currency
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Roberto Jacobs, 1 April 2016, 08:00
Chinese PMI Suite Hints at More of the Same GDP Growth - TDS Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities, suggests that the PMI prints are really only as useful as their predictive power, and for China they remain frustratingly unreliable...
Market News
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Roberto Jacobs, 1 April 2016, 07:58
GBP/USD Supported by 23.6% Fibo ahead of UK data Risk-off in Asia weighed over GBP/USD but failed to push it through support at 1.4330 (23.6% of 1.5930-1.3835) levels...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:56
US March NFP Likely to Print +200k Jobs - Nomura Research Team at Nomura, suggests that the slowdown in US jobs growth in January proved to be transitory as the pace of job gains picked up notably in February...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:54
EUR/JPY Ends a 6-Day Rally, Near 127.60 The cross took a breather from its six-day rally and eased in the Asian on Friday, mainly driven by a strengthening yen across the board amid risk-off market profile. EUR/JPY off lows, regains 127.50 and beyond The EUR/JPY pair trades -0.36% lower at 127...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:52
FXWIREPRO: Malaysian Ringgit Erases Previous Gain Against US Dollar, Good to Buy on Dips Pair is currently trading around 3.9033 marks. It made intraday high at 3.9058 and low at 3.8818 levels. Intraday bias remains bullish till the time pair holds key support at 3.8720...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:46
FXWIREPRO: AUD/JPY Weak on Risk-Off, Slips Below Strong Trendline Support, Good to Sell Rallies AUD/JPY under heavy selling pressure in Asia, dented by risk-off across markets. Selling in the Nikkei 225 which was down over 3%, (adding pressure on Yen crosses). The pair printed a day low of 85...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:43
Yen Rises Against Majors The Japanese yen strengthened against the other major currencies in the Asian session on Friday. The yen rose to a 4-day high of 160.64 against the pound and a 2-day high of 112.06 against the U.S. dollar, from yesterday's closing quotes of 161.60 and 112.55, respectively...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:40
NZD/USD Struggles to Extend Beyond 0.6900 The NZD/USD pair is extending its struggle with 0.69 handle into late-Asian/ early European trades, as the auspicious China PMI reports failed to provide a lift to the sentiment around the bird. NZD/USD recovers from 0...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:37 #nzdusd
RBA on Hold; Unchanged Rhetoric on AUD – Westpac Bill Evans, Chief Economist at Westpac, suggests that the Australia’s Reserve Bank Board meets next week on April 5 and they expect that the Board will decide to hold rates steady...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:35
USD: Evidence of FX Reserves Rebalancing – Nomura Research Team at Nomura, suggests that the FX reserves rebalancing may explain some of the weakness in USD...
Currency
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Roberto Jacobs, 1 April 2016, 07:33
EUR/USD Looking for a Retest of 1.1400 Amid Risk-Aversion The overnight corrective slide in EUR/USD found some support near 1.1365 region, with the prices now making fresh attempts to conquer 1.14 handle once again...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:29
AUD: Flying too High? – Westpac Robert Rennie, Research Analyst at Westpac, suggests that after rising about 5% against the US dollar over the past month, the Aussie will surely be a hotter topic at the RBA Board’s meeting on Tuesday than it has been for quite some time...
Analytics & Forecasts
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Roberto Jacobs, 1 April 2016, 07:26