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The current high inflation in Norway is mainly due to weak NOK in 2015. CPI stood at 3.1%, while core inflation was at 3.4%. The present level of inflation is more than expectations...
Analytics & Forecasts
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Batur Asmazoglu, 28 March 2016, 11:17
Strength in oil benchmarks is keeping the CAD on a front foot, ensuring the USD/CAD pair stays under pressure around 1.3240 levels. Offered above 76.4% Fibo level The spot was offered once again above 1.3270 (76.4% of 1.2832-1.4690) levels as oil prices turned higher in Asia...
Analytics & Forecasts
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Batur Asmazoglu, 28 March 2016, 11:16
In 2015, Mexico posted a trade deficit of USD14.5bn with imports dropping 1.2% and exports 4.1%. The country had posted a deficit of USD 2.8 billion in 2014. Most of the decline in the trade balance is due to lower oil exports in terms of value...
Analytics & Forecasts
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Batur Asmazoglu, 28 March 2016, 11:11
Daily Analysis of Major Pairs for March 28, 2016 EUR/USD: This pair has been bearish so far since last week. A movement below the support line at 1.1050 would easily render the recent bullish outlook invalid...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 11:11
In Q4, the Swedish economy expanded 4.5% y/y. Around half a percentage point came from migration, according to SCB. However, everything, such as net exports, private consumption and investments, particularly construction, performed well. Job growth is also developing accordingly in Sweden...
Analytics & Forecasts
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Batur Asmazoglu, 28 March 2016, 11:11
USDX Technical Analysis for March 28, 2016 The Dollar index had a strong bullish week however price remains far below the last high at 97.05 and with bearish divergence signals in the short-term a pullback is very likely...
Gold Technical Analysis for March 28, 2016 Gold price has broken down the sideways channel since last week and remains in a short-term bearish trend targeting a bigger pull back towards $1,150-$1,100...
Since last weeks hawkish FED speakers and relatively strong data USD has been pushing higher though without much in terms of gains...
Analytics & Forecasts
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Batur Asmazoglu, 28 March 2016, 10:57
FXWIREPRO: Silver Refrains to Fall Below Key Support at $15.12, Intraday Bias Remains Bullish XAG/USD is currently trading around $15.23 levels. It made intraday high at $15.26 and low at $15.12 levels. Intraday bias remains bullish for the moment. A daily close below $15...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:49
FXWIREPRO: CAD/JPY Faces Strong Resistance at 86.30, Good to Buy at Dips Major resistance – 86.30 (trend line joining 86.21 and 86.27) Major support - 84.50 The pair has once again retreated after making a high of 86.29 on 23rd Mar 2016. It has declined till 84...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:47 #CADJPY
FXWIREPRO: AUD/CAD Supported Above Daily Cloud, Weakness Only on Breaks Below The Canadian dollar seems to be resuming its upside momentum, supported by a better tone in crude oil price. AUD/CAD rangebound but remains supported above daily cloud (currently spanning 0.9860-0.9940...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:45
Canadian Dollar Climbs Against Most Majors The Canadian dollar strengthened against most major currencies in the early European session on Monday. The Canadian dollar rose to a 6-day high of 85.82 against the yen, from an early low of 85.16. The loonie advanced to 1.3237 against the U.S...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:42
NZ Dollar Rises Against Most Majors The New Zealand dollar strengthened against most major currencies in the pre-European session on Monday. The NZ dollar rose to nearly a 2-week high of 76.03 against the yen, from an early low of 75.51. Against the U.S...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:39
FXWIREPRO: US Oil Faces Strong Resistance Around $40, Good to Buy at Dips Major resistance - $40 (trend line joining $41.85 and $41.22) Major support - $38 The commodity has made a slight jump till $40.01 at the time of writing and slightly declined from that level...
Crude Oil
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Roberto Jacobs, 28 March 2016, 10:37
Australian Dollar Climbs Against Majors The Australian dollar advanced against the other major currencies in pre-European deals on Monday. The aussie advanced to 5-day highs of 1.1252 against the kiwi and 85.50 against the yen, from its early lows of 1.1214 and 84.85, respectively...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:35
FXWIREPRO: Deploy USD/JPY Debit Call Spreads on Rising Buying Sentiments Technical glimpse: After taking major support at 111.041, the pair has now broken out strong resistance at 112.670 to evidence mild upswings in short term upto 114...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:33
Pound Rises Against Majors The British pound strengthened against the other major currencies in the pre-European session on Monday. The pound rose to a 1-week high of 160.71 against the yen, from an early low of 159.75. Against the Swiss franc, the pound advanced to 1.3827 from an early low of 1...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:30
FXWIREPRO: USD/JPY Jumps Above 7 & 21 DMA, Intensified Buying Momentum Likely to Drag Upswings Further The current prices jumped above 7 & 21DMA, that signals more upswings likely in short term. The upswings are most likely as the pair breaks out above resistance at 112.670 levels...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:28
U.S Treasury Falls on Stronger Than expected 4Q GDP Data The 10-year U.S. Treasury yield was down 3 bps to 1...
Market News
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Roberto Jacobs, 28 March 2016, 10:25
FXWIREPRO: GBP/JPY Breaks Minor Trend Line Resistance, Good to Buy at Dips Major resistance- 160.30 (trend line joining 175.01 and 164.09) Major support- 159 The pair has broken major resistance 160.30 and jumped till 160.63 at the time of writing. It is currently trading at 160.62...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:21