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Selling GBP/USD into trend line resistance near 1.4360 is supported by the lack of momentum shown by RSI, notes Bank of America Merrill Lynch. "However, if resistance starts to break, the trend would also be breaking above the weekly linear resistant trend line...
Analytics & Forecasts
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Vasilii Apostolidi, 12 April 2016, 22:44 #forex
EUR/USD has consolidated within the past week just under a major resistance zone around the 1.1450-1.1500 area. In the process, the currency pair has formed a key bullish flag pattern that could be poised for a breakout if the dollar continues its recent weakening trend...
Analytics & Forecasts
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Francis Dogbe, 12 April 2016, 22:01 #resistance, support
There are three highlights to the foreign exchange market today. First, the yen is marginally softer. The yen's strength this month has been the main development...
Analytics & Forecasts
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Francis Dogbe, 12 April 2016, 21:52 #inflation
Negative interest rates, which central banks in several countries have implemented as a way to spur economic growth, is a radical move. In the last of a three-part series, ‘Negative Thinking,’ commentator Satyajit Das examines this policy and its risks...
Market News
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Francis Dogbe, 12 April 2016, 21:49 #Interest Rate
Gold Upon reaching $1235, there has been significant selling on gold by major players, which can be seen by the volumes in both Forex (on high liquidity brokers) and Futures. An important high was made at $1272, which held on multiple break-out attempts...
Trading Strategies
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Leonardo Barata, 12 April 2016, 21:01
The BoC is widely expected to hold the overnight rate target unchanged at 0.5% on Wednesday. A recent string of positive data releases, including a strong employment report last week, has taken pressure off the BoC to ease further...
Analytics & Forecasts
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Vasilii Apostolidi, 12 April 2016, 20:05 #forex
USD/JPY is bid today and en-route to reverse its recent extended downside price action...
Analytics & Forecasts
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Vasilii Apostolidi, 12 April 2016, 20:03 #usd/jpy
4 top reasons to use stop loss – “Stop Loss” is probably the very second term you learn in Forex after “Take profit” . But do you really need a Stop Loss ?? – Well, we will answer this extremely critical question needed for trading in the next 5 top reasons to use stop loss...
Trading Strategies
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Mazen Hesham, 12 April 2016, 19:17
We expect the continued low inflation in the euro area to eventually trigger additional easing from the ECB, but we do not expect the ECB to address this by rate cuts...
Analytics & Forecasts
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Vasilii Apostolidi, 12 April 2016, 17:22
The yen hit a 17-month high against the dollar on Monday in the currency market's latest warning sign to equity investors. The strength of the Japanese yen this year has been a bit of a surprise for many investors...
Market News
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Francis Dogbe, 12 April 2016, 17:14
Italy's financial industry has approved a government-backed plan to set up a rescue fund to help weaker banks. The Atlante fund will be made up by private money, reportedly worth €5bn ($5.7bn; £4bn), and will buy up shares and bad debt in struggling banks...
Banks
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Francis Dogbe, 12 April 2016, 16:53
Gold Stuck Between Hawkish Fed Speak and Dismal IMF Report Gold looks trapped between hawkish comments from Fed officials and bearish global growth forecasts published by the International Monetary Fund (IMF...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 16:15 #gold
USD/CAD Aims to Further Weakness – Scotiabank FX Strategist at Scotiabank Eric Theoret sees USD/CAD could slip towards lower levels in the near term. Key Quotes “Signals are broadly bearish and all eyes are on the October 2015 low at 1.2832”...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 16:13
WTI Firmer, Approaches $41.00 The barrel of West Texas Intermediate is prolonging its weekly advance today, now flirting with daily highs in the vicinity of the $41.00 mark...
Crude Oil
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Roberto Jacobs, 12 April 2016, 16:10
USD/CHF: Near the Level of 0.9565 Last week, the pair USD/CHF has broken out strong resistance level of 0.9565, which is crossed by moving average lines ЕМА200, ЕМА144 and bottom limit of the descending channel on the weekly chart...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 16:07 #usdchf
GBP/USD: The Pair is Unlikely to Exceed the Level of 1.4300 On the daily chart the rise in the pair GBP/USD is prevented by two strong resistance levels of 1.4300 (ЕМА50), 1.4385 (Fibonacci 38.2% to the decline from the level of 1.5230 since mid-December 2015...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 15:58
The commodity currencies continue to gradually gain ground against the USD this week, notes BNP Paribas. "This comes against a backdrop of stable equity markets but a rebound of several key commodity prices," BNPP adds...
Analytics & Forecasts
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Vasilii Apostolidi, 12 April 2016, 15:56
Both EUR and GBP remained fairly resilient against the USD and the apparent driver seems to be investors’ growing belief that neither the ECB nor the BoE are likely to announce aggressive easing anytime soon...
Analytics & Forecasts
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Vasilii Apostolidi, 12 April 2016, 15:55
FXWIREPRO: Yen Eyes on Gains Again As Boj's Kuroda Hints Stimulus - Hedging Positions in Line With Risk Reversals As we could see the change in delta risk reversal numbers into negative territory, that signals underlying pair would resume its bearish travel in next 1 weeks time...
Currency
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Roberto Jacobs, 12 April 2016, 15:51
USD/JPY: Testing the Limits of FX Intervention - UBS UBS analyst team pointed out that their bullish USD/JPY view is being challenged by strong negative momentum after the USD/JPY broke below the key support level of 110 last week...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 15:47