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Major Asian Markets in Red After Fomc Minutes, Yen Strengthens After Kuroda's Comments Major Asian markets are trading on a mix note after FOMC released March meeting minutes. FOMC March meeting minutes failed to provide any hints regarding further interest rate hike...
Market News
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Roberto Jacobs, 7 April 2016, 06:08
Nikkei Trades in Narrow Range , Good to Buy at Dips Major Support - 15500 Major resistance - 16300 The index has made a low of 15533 and recovered till from that level. It is currently trading around 15857.Intra day trend is slightly bullish as long as support 15500 holds...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 06:05
s the yen resumes its rally, many FX experts appear bemused by the yen's insistence to rally despite reported heavy foreign-bound investing by Japanese institutional players, persistent retreat in the road to 2...
Analytics & Forecasts
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Francis Dogbe, 7 April 2016, 06:04
FXWIREPRO: Gold Back Above $1220 After Fomc Minutes XAU/USD is currently trading around $1224 mark. It made intraday high at $1226 and low at $1222 levels. FOMC March meeting minutes failed to provide any hints regarding further interest rate hike...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 06:04
EURUSD Daily Forecast: April 07 2016 EURUSD Forecast The EURUSD had another indecisive movement yesterday. Price slipped below 1.1335 but closed higher at 1.1397. The bias remains neutral in nearest term. Potential daily range today is seen between 1.1500 – 1.1335. As long as stay above 1...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 05:58
GBPUSD Daily Forecast: April 07 2016 GBPUSD Forecast The GBPUSD attempted to push lower yesterday slipped below 1.4050 but closed higher at 1.4121...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 05:56
USDJPY Daily Forecast: April 07 2016 USDJPY Forecast The USDJPY continued its bearish momentum yesterday and hit 109.15 earlier today. The bias remains bearish in nearest term testing 108.50 area. Immediate resistance is seen around 110.00...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 05:55
USDCHF Daily Forecast: April 07 2016 USDCHF Forecast The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term. Overall my technical outlook remains bearish but need a clear break and consistent move below 0.9570 to continue the bearish scenario targeting 0...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 05:53 #usdchf
The March minutes clearly reveal the reason for the dovish shift of the committee at the time of the March meeting...
Analytics & Forecasts
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Vasilii Apostolidi, 7 April 2016, 02:09
China’s March data pack will start to be released on Thursday with FX reserve report, followed on Monday by inflation results and, around the same time, by monetary aggregate numbers. We expect these prints to be uniformly stronger...
Analytics & Forecasts
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Vasilii Apostolidi, 7 April 2016, 02:08 #forex
That's more like it. It appears we may have a proper break on the cards now. The decent technical support isn't down until 106.60 odd. It's not been an explosive move which suggests that there's no panic hitting of the sell buttons. Large stops are noted at 109.80 so they remain in play...
Analytics & Forecasts
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Francis Dogbe, 7 April 2016, 00:25
EURUSD has been on a tear in recent weeks. The single currency is up more than 500 pips from the March 10th ECB low and is currently finding support at the 1.1340 handle...
Analytics & Forecasts
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Francis Dogbe, 6 April 2016, 23:27 #FOMC
Inflation in Britain has been stuck below the official target of 2% since January 2014 and even dipped into deflationary territory on three occasions over the course of 2015. The largest downward pressured has come from sharp drops in oil and food prices...
Analytics & Forecasts
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Francis Dogbe, 6 April 2016, 23:26
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, EUR/CHF, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: We have turned bearish following subsequent “doji” topping candles...
It seems like nothing can stop the EUR/GBP pair from rising. The euro to pound exchnage rate has now broken above the 0.8000 level and even reached the key 0.8066 level which chart-watchers call a ‘resistance’ line, because it represents a perennial obstacle to higher growth...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 22:43 #forex
The latest ASB Kiwi Dollar Barometer is out and it shows that the previous forecasts made by New Zealand businesses remains remarkably accurate...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 22:41 #forex
After holding rates unchanged at the March meeting, the minutes suggest that rates will probably remain at current level also at the April meeting; various views emerged but several argued against hiking rates in April while some favored it...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 22:39
Janet Yellen set the bar with her dovish comments last week, but the minutes from March’s didn’t stray too far...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 21:40
Can policymakers clutch defeat from the jaws of a currency ‘truce’ victory? Of course they can! The most obvious contradiction now at play, is how to square a slightly weaker USD versus EM not turning into too much USD weakness versus the EUR and JPY...
Analytics & Forecasts
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Vasilii Apostolidi, 6 April 2016, 21:39 #forex
Analytical Review of the Stocks of General Electric Company General Electric Company, #GE [NYSE] Industrial goods, Diversifies industry, USA Financial performance of the company: Index – DJIA, S&P 500...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 20:52