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Today’s short position in EURUSD was closed in target booking 750+ pips. While it is never clever going against the trend the reasons why Buying EURUSD has better odds are: It is currently trading in oversold zone ...Read More Capitulation...
Scalping
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AynGannRand, 13 April 2016, 12:32
UBS maintains its targets for EUR/USD at 1.14 by the end of Q2, and at 1.16 by the end of the year. *UBS AG is a Swiss global financial services company, incorporated in the Canton of Zurich,[2] and co-headquartered in Zurich and Basel...
Analytics & Forecasts
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Vasilii Apostolidi, 13 April 2016, 12:27 #EUR/USD
The Bank of Canada holds its much anticipated April meeting tomorrow. The decision will come alongside a new Monetary Policy Report, which will include updated forecasts that take into account the new fiscal stimulus for the first time...
Analytics & Forecasts
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Vasilii Apostolidi, 13 April 2016, 12:24 #forex
EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. The short-term EUR strength touched a fresh high of 1.1464 but did not threaten the key resistance at 1.1495. While the upward pressure has eased with the sharp pull-back from the high, it is still too early to expect a sustained down-move...
Analytics & Forecasts
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Vasilii Apostolidi, 13 April 2016, 12:22 #GBP/USD, EUR/USD
USD/CAD Regains 1.2800, Looking to Stabilize Here It seems the greenback has recovered the smile on Wednesday, with USD/CAD now retaking the 1.2800 neighbourhood. USD/CAD attention to oil, BoC CAD is shedding part of its recent gains vs...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 12:15
IMF Has Its Say – Investec Research Team at Investec, suggests that the IMF hit the headlines yesterday as it cut its 2016 global growth forecasts to 3.2% from 3.4%. Key Quotes “The IMF also said a UK exit from the EU could cause ‘severe regional and global damage’...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 12:12 #IMF
AUD/JPY Fails Once Again Near 84 Handle and Retreats The AUD/JPY cross traded volatile so far this session, although remains underpinned by the relentless rise in the USD/JPY pair amid risk-on trades at full steam. AUD/JPY fresh sellers queued up near 84 handle The AUD/JPY pair now advances +0...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 12:08
Oil in Global Economy Series: Big Traders See Better Balanced Market in 2016 While global benchmark Brent crude reached new 2016 high yesterday, at $44.8/barrel (CFD), optimisms were plenty in Commodities Global Summit, organized by Financial Times...
Crude Oil
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Roberto Jacobs, 13 April 2016, 12:04
FXWIREPRO: USD/ZAR Fails to Break Key Support at 14.64, Good to Buy on Dips Pair is currently trading around 14.76 marks. It made intraday high at 14.78 and low at 14.66 levels. Intraday bias remains bullish till the time pair holds key support level at 14.64 levels...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 11:59
FXWIREPRO: GBP/USD Faces Major Intraday Support at 1.4180, Good to Buy at Dips Major Support – 1.4185 (200 day MA) Cable has recovered yesterday after making a low of 1.41965 (near 200 HMA) .It is currently trading around 1.42391. Intraday trend is slightly bullish as long as support 1.4185 holds...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 11:57
USD/CAD Sell the Strength Into 1.2925 – Westpac According to strategists at Westpac, bullish attempts towards 1.2920 could be considered as selling opportunities. Key Quotes “Our USD/CAD stance has shifted 180 degrees”...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 11:53
AUD/USD Focus Remains on 0.7725/50 – UOB The research team at UOB Group noted the relevance of the 0.7725/50 band in AUD/USD. Key Quotes “AUD touched a low of 0.7490 late last week and the subsequent up-move from the bottom has been more rapid and resilient than expected”...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 11:51
Daily Analysis of Major Pairs for April 13, 2016 EUR/USD: This pair has been flat so far this week. The price has gone neither above the resistance line at 1.1450 nor below the support level at 1.1300. A breakout is imminent today or tomorrow, which will most probably favor the bulls...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 11:43
EUR/SEK Points to the Lower End of the Range – Danske Bank Chief Analyst at Danske Bank Jens Pedersen believes the cross could slip towards the lower band of the range in the next weeks. Key Quotes “EUR/SEK fell sharply on Tuesday following the higher-than-expected March inflation data”...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 11:38
GBP/USD Bounces-Off 1.4200, Tracks Oil Price Recovery The GBP bulls found some support just ahead of 1.42 barrier, allowing a minor-recovery in GBP/USD in the last hour. GBP/USD supported at 1.4200 The GBP/USD pair trades -0.15% lower at 1.4236, bouncing-off fresh session lows posted at 1...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 11:36
GBP/JPY Jumps Above Hourly 200-MA Offered tone around JPY strengthened amid risk-on in equities, pushing the GBP/JPY cross above hourly 200-MA level of 155.42. Rises for third consecutive day The cross is trading higher for the third consecutive day. JPY was overbought and thus due for correction...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 11:34
Quotes of #USDJPY continue to drift within the area of the nearest resistance level – 109.09. A breakthrough of this level will give the bulls a chance to develop success. How to act in a case of the breakthrough? Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 13 April 2016, 11:33 #Trading
EUR/USD Comes Lower to Test 1.1330 The selling mood around the euro is growing bigger during the European morning, taking EUR/USD to the area of 1.1330, or daily lows...
Analytics & Forecasts
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Roberto Jacobs, 13 April 2016, 11:32
The lower boundary of the "descending triangle" in #USDCAD was broken, which led to the achievement of the nine-month low. Such a decisive blow of bears could not happen without support from the oil market. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 13 April 2016, 11:31 #Trading
Technical Analysis of EUR/JPY for April 13, 2016 General overview for 13/04/2016: The wave progression inside the triangle pattern looks completed as the wave e of the whole structure is fully developed. A downward breakout should happen soon...