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US Oil Breaks Major Trendline Resistance, Jump Till $38.55/$39.30 Is Possible Major resistance - $36.40 (trend line joining $39.82 and $39.01) Major support - $36 (55 day EMA) US Oil has broken major resistance $36.40 and jumped till $37.05 at the time of writing...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 12:00
German Bunds Slump on Firm Economic Data, Rising Oil Prices The German 10-year bond tumbled on Wednesday amid strong Markit retail sales PMI figure and better than expected industrial production data. The benchmark 10-year bonds yield, which is inversely proportional to bond price rose 6...
Market News
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Roberto Jacobs, 6 April 2016, 11:56
USD/CAD: Loonie Fails to Benefit From Oil Price Rebound The Canadian dollar continues to get hammered by its US counterpart for the fifth straight session, driving USD/CAD closer towards 1.32 barrier. USD/CAD trades well beyond 20-DMA at 1.3115 Currently, the USD/CAD pair gains 0.27% to 1...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 11:53
Russian Bonds Rally on Strong Oil Prices The Russian 10-year bonds jumped on Wednesday, following strong cues emerging from crude oil prices, pushing the yield on 10-year bonds down 5 bps...
Market News
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Roberto Jacobs, 6 April 2016, 11:43
GBP/JPY Drops to Six-Week Low GBP/JPY pair clocked a six-week low of 155.50 on Brexit fears and BOJ’s hesitation to intervene despite Yen’s winning streak. Trades below 50% Fibo The cross remains below 156.36 (50% of 2011 low-2015 high...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 11:40
Technical Analysis of USD/CAD for April 6, 2016 General overview for 04/04/2016: Another higher high has been made in this market as bulls are making their way towards the important technical resistance at the level of 1.3292...
Technical Analysis of EUR/JPY for April 6, 2016 General overview for 06/04/2016: The most appropriate way to count the current wave progression is a triple zig-zag correction as the wave 2...
USD/JPY Finds Support Near 110.25, Re-Takes 110.50 The USD/JPY pair continues to move back and forth in a 25-pips narrow range so far this Wednesday, as JPY bulls continue the fight for control heading towards the FOMC minutes release...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 11:33
Technical Analysis of USDX for April 6, 2016 The Dollar index continued its sideways movement with no clear direction. The trend remains bearish. Dollar bears should better wait for a bounce before selling right away. Dollar bulls should be patient as the short-term trend remains bearish...
AUD/USD Trims Gains, Returns to 0.7550 The Aussie dollar has faded its initial spike to session highs near 0.7570 vs. the greenback, with AUD/USD now re-testing the 0.7550/45 band...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 11:24
FXWIREPRO: EUR/SEK Hovers Around 9.25, Good to Sell on Rallies EUR/SEK is currently trading around 9.2502 levels. It made intraday high at 9.2560 and low at 9.2371 levels. Pair fails to break key resistance at 9.2718 and supported below 9.2500 marks. Intraday bias remains bearish for the moment...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 11:23
FXWIREPRO: Gold Forms Bearish Bat Pattern, Good to Sell on Rallies Harmonic Pattern Formed – Bearish Bat Pattern Potential Reversal Zone (PRZ) - $1240 The yellow metal has recovered till $1236.60 after making a low of $1214.84...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 11:21 #gold
Japan PM Abe: We Should Refrain from Arbitrary Intervention in Currency Markets In an interview with the Wall Street Journal on Wednesday, Japanese PM Abe ruled out stepping into foreign exchange markets to reverse the yen's rise...
Market News
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Roberto Jacobs, 6 April 2016, 11:18
EUR/GBP Recovers Losses as Cable Sell-Off Gathers Steam EUR/GBP moved off lows to trade largely unchanged on the day 0.8040 levels as cable sell-off gathered pace pushing the pair below 1.40 handle...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 11:15
GBP/USD: Bears Relentless, Cracks 1.4100 The bears continue to extend their control on the GPB/USD pair in the European session, hammering the prices below 1.41 barrier. GBP/USD drops below all major DMAs The GBP/USD pair drops -0.42% to 1.4100, hovering close to fresh session lows posted at 1...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 11:13
GBP/USD Points to Further Decline – UOB According to the research team at UOB Group, the pair could face further downside in the next 1-3 weeks. Key Quotes “We have been neutral on GBP since 23 March and the recent choppy movement reinforces our view”...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 11:11
USD/CAD Targets 1.34/1.35 – Westpac Strategists at Westpac have reiterated the pair could test the 1.34/1.35 band. Key Quotes “USD/CAD looks exceedingly cheap via-a-vis energy prices, the latter close to retracing about 1/2 its mid-Feb to mid-March gains while USD/CAD has barely bounced”...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 10:42
EUR/CHF Offered Below 1.0971/78 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the outlook on the cross remains offered below the 1.0971/78 area...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 10:40
EUR/USD Under Pressure, Testing 1.1350 The shared currency is prolonging its correction lower today, sending EUR/USD to print daily lows in the mid-1.1300s. EUR/USD focus on FOMC minutes The pair is retreating since Monday after clinching fresh 2016 peaks in the vicinity of 1...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 10:38
Brent Oil Backs Off From Daily Highs, Eyes US Supply Data Brent prices rallied to a session high of $38.80 before it trimmed gains to trade around $38.55 levels...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 10:36