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Consumer spending rose a mild 0.1% in February, as Americans held the line on big-ticket items such as new cars and pocketed a little more money. Already low inflation also fell slightly last month amid another drop in gasoline prices, the government reported Monday...
Analytics & Forecasts
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Francis Dogbe, 28 March 2016, 23:35
Analysts at Brown Brothers Harriman explained that EM started the week off on a firm note, though we note that many markets were closed Monday due to the Easter holiday. "For now, EM is benefitting from a supportive global liquidity outlook...
Analytics & Forecasts
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Vasilii Apostolidi, 28 March 2016, 22:28 #China
Shaun Osborne, Chief FX Strategist at Scotiabank explained that EURUSD losses from the mid 1.13 peak reached following the FOMC have slowed in the past few days, with steady support emerging in the low/mid 1.11 area...
Analytics & Forecasts
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Vasilii Apostolidi, 28 March 2016, 21:53 #EUR/USD
Rate differentials and relative policy have been a key feature driving the USD since early 2015...
Analytics & Forecasts
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Vasilii Apostolidi, 28 March 2016, 21:36
Dollar Attempting A Comeback From Early Weakness The dollar dropped against its major European competitors Monday morning, but has begun to pare those losses this afternoon. Markets in Europe are closed today for the Easter holiday and U.S. economic data was largely positive this morning...
Currency
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Roberto Jacobs, 28 March 2016, 21:08
FXWIREPRO: GBP/USD Strongly Bearish Despite Upside Attempts GBP/USD rebounded strongly towards 1.4280 levels earlier in mid European session. However, the pair turned back after failing to break resistance level 1.4286, as the pound ran out of strength against US dollar...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 21:05
FXWIREPRO: USD/JPY Pauses Decline, Scope for Further Upside USD/JPY has paused its declined as positive pending home sales data released earlier in the US session limited the pairs downside. Further downside is expected to be limited as the pair finds strong support at 113...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 21:01
FXWIREPRO: Gold Retreats from Daily High, Outlook Bearish Gold has retreated after finding resistance at 1223 levels to trade around 1218 levels, erasing some earlier gains made in the US session...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:58 #gold
Yen Down on Two Main Counts - Scotiabank Analysts at Scotiabank ranked the Yen as an under performer. Key Quotes: "The JPY is the main under-performer on the day on better risk appetite (US equity futures) and PM Abe’s suggestion that his “three arrows” policy has corrected the strong JPY...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:56
According to analysts from Wells Fargo, the probability of a recession in the US, based on their preferred modes is about 25% over the next six months, the highest since the Great recession era. “Recent market volatility and data from the factory sector raise the question: Is the U.S...
Analytics & Forecasts
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Vasilii Apostolidi, 28 March 2016, 20:56 #forex
EUR/USD Trims Gains, Hovering Around 1.1200 EUR/USD moved off session highs during the last hours, as the US dollar recovered part of the lost ground across the board. Greenback dropped sharply earlier after US personal income and spending report...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:54
US Oil Exports in Decline - BBH Analysts at Brown Brothers Harriman recall that the US lifted its ban on oil exports in December, but explained it appears, however, that US oil exports have fallen rather than risen here at the start of 2016...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:51
GBP/USD Has Limited Upside Scope GBP/USD has no clear catalyst driving the price higher, except that there has been technical space to do so following last week's sharp sell off from the 1...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:49
USD/JPY Hunting Down Feb Highs on 115.0 Handle USD/JPY bulls have fought back in a strong rally, away from the March 17 multi-year low. We are now in positive territory, trading in the upper end of its range from mid-February...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:46
We’re heading into the close of the month / quarter this week and while we’ll want to stay nimble, the focus remains on the AUDUSD, USDCAD & GBPJPY setups highlighting last week. Keep in mind event risk is light ahead of Friday’s highly anticipated Non-Farm Payroll report...
Analytics & Forecasts
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Seth Dompreh, 28 March 2016, 20:42
Small traders hold their largest Australian dollar net long position since the April 2013 top at 1.1080. A multi-year high in net-long posi...Continue Reading...
Analytics & Forecasts
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Seth Dompreh, 28 March 2016, 20:34
The U.S. Dollar is at risk for further losses after reversing off near-term confluence resistance. Here are the updated targets & invalidation levels that matter. Continue Reading...
Analytics & Forecasts
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Seth Dompreh, 28 March 2016, 20:31
Currency investors should consider buying USD/JPY this week, advises Morgan Stanley in its weekly FX pick to clients. "We recommend buying USD/JPY with a target of 117.00 and a stop at 110.50. Our ARIA indicator points to stronger February US economic data...
Analytics & Forecasts
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Vasilii Apostolidi, 28 March 2016, 19:43 #usd/jpy
The Euro looks vulnerable to deeper losses after edging below trend line support guiding the upswing against the US Dollar since early March. Prices now look poised to probe below the 1.11 figure after producing a would-be double top near the 1.13 mark. Near-term support is at 1.1094, the 23...
Analytics & Forecasts
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Francis Dogbe, 28 March 2016, 18:22
We wrote on the RMB in early February, when fears over the potential for a large, one-off devaluation were at their peak...