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Oil: Bucked the Downtrend and Showed Some Signs of Life - Rabobank Stefan Koopman, Market Economist at Rabobank, notes that oil bucked the downward trend and showed some signs of life...
Crude Oil
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Roberto Jacobs, 7 April 2016, 10:00
Japan: Stronger Yen Testing Japanese Policymakers – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has continued to strengthen in the Asian trading resulting in USD/JPY falling below levels which prevailed prior to the BoJ’s decision to extend QQE on the 31st October 2014...
Currency
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Roberto Jacobs, 7 April 2016, 09:58
FXWIREPRO: NZD/JPY Breaks Strong Support at 74.25, Targets 73.55 NZD/JPY has breached strong trendline support at 74.25, we see scope for test of 73.55 levels. Price action in the pair has dipped below daily cloud. 5-DMA has shown a bearish crossover on 10-DMA...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 09:45
Brexit Blues Taking its Toll on UK Pound - Rabobank Stefan Koopman, Market Economist at Rabobank, notes that the Pound sterling briefly fell to an almost two-year low of 0.81 against the euro. Key Quotes “Also on a tradeweighted basis, the currency hit levels last seen in November 2013...
Metals
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Roberto Jacobs, 7 April 2016, 09:44
USD/JPY Remains Vulnerable If US Data is Weak – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that the recent international securities flow data indicate that the USD/JPY is being supported by dip-buying by pensions and other Japanese investors...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 09:40
EUR/USD Trims Gains on Draghi’s Dovish Words EUR/USD pair backed-off from the daily high of 1.1454 after ECB’s annual report published today showed Draghi’s commitment to fight low inflation is stronger than ever. Trades around 1.1410 The spot now trades around 1...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 09:38
Eurozone: Doors Open for a TLTRO III Next Year - SocGen Anatoli Annenkov, Research Analyst at Societe Generale, suggests that of the latest measures taken by the ECB, the new TLTRO II is the most innovative, with the ECB offering to lend at a negative interest rate...
Market News
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Roberto Jacobs, 7 April 2016, 09:36
ECB and Yellen in Focus in Addition to China’s FX Reserves - Rabobank Stefan Koopman, Market Economist at Rabobank, suggests that apart from Chinese FX reserves, which are projected to have fallen by only USD 6bn in March, it's a quiet day in terms of key macro-economic data...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 09:33
EUR/USD Door Open for a Test of 1.1495 – UOB The research team at UOB Group hinted a the possibility of a test of the 1.1500 neighbourhood in the near term. Key Quotes “There is not much to add as EUR tested the 1.1330 support before rebounding quickly”...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 09:32
EUR/GBP Could Struggle Near 0.8162/0.8200 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the current rally in the cross could find strong resistance in the 0.8160/0.8200 band. Key Quotes “EUR/GBP has exceeded the target...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 09:30
GBP/JPY Clocks Fresh 2-1/2 Year Low GBP/JPY slide continues with prices trading at a 2-1/2 year low of 153.80 levels. The cross is down for the third consecutive session. Trading around 154.00 The cross currently trades around 154.00 levels...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 09:28
The Federal Reserve should be patient and cautious about raising short-term interest rates, but should nevertheless increase them in a sustained way, Dallas Fed President Robert Kaplan said on Wednesday...
Market News
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Francis Dogbe, 7 April 2016, 09:26 #Fed
JGB's Mixed on Firm Oil Prices, Dovish FOMC The Japanese government debt instrument traded mixed on Thursday after reading dovish FOMC meeting minutes and firm crude oil prices. The benchmark 10-year bonds yield, which is inversely proportional to bond price rose 1.82 pct to -0...
Market News
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Roberto Jacobs, 7 April 2016, 09:24
The minutes of the #Fed March meeting published yesterday, added pressure on the U.S. currency. The dollar index fell today by another 0.30%. So what the minutes of last #FOMC meeting showed? One thing is clear - no one will raise the rate in April. Find out more by checking out the Source Link...
EUR/GBP Fades the Spike to 0.8100 After climbing to fresh multi-month tops around 0.8100 the figure on Wednesday, EUR/GBP has given away some pips and has now returned to the 0.8075/70 band...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 07:56
EUR/JPY Drops to One-Month Low JPY is being pushed higher once again in early Europe, pushing the EUR/JPY cross down to 124.30; the lowest since March 10. Drops for fifth straight session The cross is trading lower for the fifth consecutive session...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 07:54
USD/JPY Slumps to 108.80, fresh 1-1/2 Year Lows The bears appear relentless as we step into the early European trades, with USD/JPY diving deeper into the red on a break below 109, hitting the lowest levels since Oct 2014...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 07:52
FXWIREPRO: NZD/CAD Faces Strong Support Around 0.8850, Good to Sell on Rallies Major resistance 0.9020 Major support -0.8850 The pair has retreated after making a high of 0.89605. It is currently trading around 0.89191. Intraday trend is weak as long as resistance 0.8970 holds...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 07:49
Guide to Today's Important Data and Events Not many economic dockets scheduled for today and all with low to medium risks associated. Upcoming – France – Trade balance for February will be declared at 6:45 GMT. Spain – Industrial output for February will be released at 7:00 GMT...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 07:47
CAD Shorts Cut, AUD Longs Increased – Deutsche Bank Research Team at Deutsche Bank, lists down the commitments of traders report for the week ended on Tuesday, March 29, 2016. Key Quotes “Interest Rates: Speculators increased their net shorts in Eurodollar and Treasury futures by $2...
Currency
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Roberto Jacobs, 7 April 2016, 07:43