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USD/JPY Hits Fresh Highs Near 111.70 Amid Higher Equities The USD/JPY pair finally broke the consolidation box post-European open and climbed back higher on the back a recovery in the oil as well as European stock markets. USD/JPY breaks through 111...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 10:44
EUR/GBP Attempting Break Below 0.80 ahead of UK Data Sterling is gaining lose ground ahead of UK data release despite losses in equities, courtesy of which the EUR/GBP cross is attempting a break below 0.80 handle...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 10:42
EUR/USD Wavers Above 5-DMA ahead of EMU Data The EUR/USD pair ran through fresh offers once again near 1.1400 levels and dropped sharply towards daily lows, before recovering some ground and now regains 5-DMA at 1.1375. EUR/USD awaits EMU data Currently, EUR/USD trades -0.11% lower at 1...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 10:40
UK: Manufacturing PMI Disappoints - ING James Smith, Economist at ING, suggests that heightened concerns about global growth continue to weigh on UK manufacturers, although uncertainty surrounding the EU referendum may be starting to play a role...
Market News
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Roberto Jacobs, 4 April 2016, 10:11
In the years following the Great Recession - the global downturn emanating from the US subprime mortgage collapse in 2007 - competing narratives trying to explain the crisis have emerged from professional and layman circles alike...
Analytics & Forecasts
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Francis Dogbe, 4 April 2016, 09:58
Technical Analysis of USDX for April 4, 2016 The Dollar index has been moving sideways for the last two sessions and has not produced any change on the bearish trend. Our weekly target of 93 is still open as long as price is below 96.40...
Falling oil prices, China growth fears, submerging markets, Brexit and Italian banks. All of those risks have one thing in common: They have not derailed the US economy. Despite concerns about a recession, it continues to grow at a steady pace...
Market News
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Francis Dogbe, 4 April 2016, 09:47
European Stocks Drop as Oil Weighs Stock markets across Europe fell in early trading on the back of nervous Asian equities and drop in oil prices. At the time of writing, Stoxx 50 index was trading marginally lower. Germany’s DAX and France’s CAC were down 0.05% and 0.10% respectively...
Market News
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Roberto Jacobs, 4 April 2016, 09:47
The most important release from this week’s Forex News Events calendar is FOMC Meeting Minutes that taking place on Wednesday at 7.00pm GMT. We also have UK Services PMI and New Zealand GDT Price Index on Tuesday. Full list of Forex news trading events taking place this week: Monday 4th...
Market News
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Sherif Hasan, 4 April 2016, 09:47
EUR/USD Bullish Above 1.1400 – UOB According to the research team at UOB Group, EUR/USD needs to close above 1.14 to allow further gains. Key Quotes “We are holding on to the view that only a daily close above 1...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 09:45
UK: Sterling Storms and Fat Tails – Deutsche Bank Research Team at Deutsche Bank, suggests that with the UK’s referendum on EU membership approaching on the 23rd June, short-end GBP vol has risen dramatically...
Currency
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Roberto Jacobs, 4 April 2016, 09:43
UK Construction PMI Preview: What to Expect of GBP/USD? UK construction PMI for March is due for release today. The report is the least important compared to UK manufacturing PMI and services PMI report. Market expects UK construction PMI to print at 54...
Currency
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Roberto Jacobs, 4 April 2016, 09:40
USD Rally Over? – Danske Bank Senior Analyst at Danske Bank Sverre Holbek hinted at the fact that the USD upside could be nearly over. Key Quotes “The USD was remarkably stable despite the string of better-than-expected US data on Friday”...
Currency
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Roberto Jacobs, 4 April 2016, 09:38
Technical Analysis of Gold for April 4, 2016 Gold price remains inside the bearish channel and it is heading towards the 38% Fibonacci retracement of the rise from $1,045. So $1,190-$1,200 is our short-term target area...
Technical Analysis of EUR/JPY for April 4, 2016 General overview for 04/04/2016: The impulsive wave progression to the upside has been completed and now the market is in the corrective cycle...
AUD: Flat Monthly Inflation Gauge - TDS Research Team at TDS, suggests that the Australia’s March Monthly Inflation Gauge was flat for headline and core. Key Quotes “We expect Q1 CPI of +0.3%/qtr via flat tradable and +0.5%/qtr for non-tradable. For core we expect +0.53%/qtr for 1.93%/yr...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 09:28
GBP/USD: Offered Near 1.4225, Attacks 1.4200 The GBP bulls once again lost control as we progress towards the European open, now pushing GBP/USD back towards 1.42 handle. GBP/USD drops from stiff resistance near 1.4225 region The GBP/USD pair trades -0.12% lower at 1.4209, heading for a test of 1...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 09:26
Oil Drops on Falling Prospect of Output Freeze Production cut was never a possibility according to markets, but even a production freeze strategy appears a distant dream now owing to which both oil benchmarks dropped on Friday and extended losses today...
Crude Oil
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Roberto Jacobs, 4 April 2016, 09:25
EUR/USD in Red, Stabilizes Below 1.1400 The single currency has started the week on an offered fashion vs. the greenback, prompting EUR/USD to give away part of last week’s strong advance...
Currency
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Roberto Jacobs, 4 April 2016, 09:21
Fed: Taking a Cautious Approach - ANZ Research Team at ANZ, suggests that the Fed is taking a cautious approach to monetary policy as the global macro and financial environment poses ongoing risks to the US economy...
Market News
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Roberto Jacobs, 4 April 2016, 09:18 #Fed