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The last restraining levels were finally passed with sellers. As a result #USD/JPY has left the trading range of the last two months. A large number of protective orders were activated, leading to a powerful wave of sales. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 7 April 2016, 13:27 #Trading
Brexit Fears are Dragging Down the Pound - BBH Research Team at BBH, notes that the UK pound is off 2% against the dollar this month and a little more against the euro. Key Quotes “Brexit fears seem to offer a better explanation that trying to link sterling's weakness with yen strength...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 13:26
#USDCAD has rebounded from the downtrend line, and there were two fundamental reasons for it. The first reason was an unexpected reduction in crude oil reserves according to the U.S. Department of Energy. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 7 April 2016, 13:24 #Trading
EUR/GBP Upside Could Struggle at 0.8162/0.8200 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the upside momentum in the cross could struggle in the 0.8162/0.8200 region. Key Quotes “EUR/GBP has exceeded the target...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 13:24
EUR and GBP: How Vulnerable on Brexit...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 13:18
GBP/USD Off Lows, Re-tests 1.4090 The sterling remains on the defensive today, now taking GBP/USD to the area of 1.4085/90. GBP/USD finds support near 1.4050 The pair has briefly visited the key support area around 1...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 13:09
Where next for EUR/USD? We ask the experts. The EUR/USD pair has been going sideways since bottoming a year ago in March 2015. It is currently knocking on the ‘trap-door’ of the range ceiling which lies between 1.1495 and 1.1577...
Analytics & Forecasts
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Vasilii Apostolidi, 7 April 2016, 13:07 #forex
US: Expect a Single Fed Hike this Year - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the FOMC Minutes themselves don’t tell us much we didn’t already know...
Currency
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Roberto Jacobs, 7 April 2016, 13:04
JPY Strength is the Main Feature of FX Markets - BBH Research Team at BBH, suggests that the main feature in the foreign exchange market continues to be the surge of the Japanese yen. Key Quotes “A convincing explanation of the yen's strength seems elusive...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 13:02
Sterling/Dollar 3 Month IV Crosses Above 16% Three month volatility in Sterling, which now includes the referendum date has crossed previous high around 15.2% and crossed above 16% for first time in six years...
Currency
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Roberto Jacobs, 7 April 2016, 13:00
Technical FX traders should be cautious in following EUR/USD to the upside and USD/CHF to the downside, and instead they might consider chasing the downside trend in USD/JPY, advises Deutsche Bank based on the latest data from its technical scorecard...
Analytics & Forecasts
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Vasilii Apostolidi, 7 April 2016, 12:59 #forex
All Eyes on Fed Chairs Panel Today - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the big event today is the first and perhaps only panel featuring the four past (and present) Fed Chairs...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 12:54
Global Central Banks Slowed Gold Purchases in February - WGC The latest data from the World Gold Council (WGC) showed that the global central banks, barring the Chinese and Russian, slowed their gold purchases in February...
Metals
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Roberto Jacobs, 7 April 2016, 12:50
USD/JPY Bearish Stance Unchanged – UOB The research team at UOB Group expects the pair to extend its pullback in the next 1-3 weeks. Key Quotes “We turned bearish USD yesterday but as mentioned, it appears that we may have seen the bulk of the weakness”. “While the immediate 109...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 12:42
EUR/JPY Remains Under Pressure – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, EUR/JPY remains vulnerable to further downside. Key Quotes “We view the market has recently topped at 128.22, the sell off has reached the next support at 124...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 12:41
GBP/CAD Faces Strong Support Around 1.8380, Break Below Targets 1.8080 Major support -1.8380 (trend line joining 1.52698 and 1.55751) The pair has taken support near trend line 1.8380 and slightly recovered from that level. It is currently trading around 1.84030. Any break below 1...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 12:39
USD/CAD Sell Strength into 1.33 – Westpac In view of Richard Franulovich, Strategist at Rabobank, occasional upticks towards 1.33 remain selling opportunities...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 12:36
EUR/JPY Bounces-off 4-Week Lows, Retests 123.50 The cross in EUR/JPY halted its massive downslide and is seen recouping a small portion of the decline heading into the mid-European trades. EUR/JPY finds support ahead of March 9 lows at 123.00 The EUR/JPY pair slumps -1.33% to 123...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 12:35
SGD: MAS Preview, No Change but Market Under-Prices Easing Risk - ANZ Khoon Goh, Senior FX Strategist at ANZ Research, expects MAS to maintain their current policy settings at the April review...
Currency
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Roberto Jacobs, 7 April 2016, 12:31
EUR/USD Wobbling Around 1.1400 The shared currency has returned to the negative territory today, dragging EUR/USD to the area below 1.1400 the figure. EUR/USD gains capped near 1.1460 Spot could not sustain the earlier upside towards fresh 2016 peaks in the 1...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 12:28