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FOMC Minutes in the Limelight Today – Danske Bank Research Team at Danske Bank, suggests that this afternoon, the minutes from the 15-16 March FOMC meeting are due for release...
Currency
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Roberto Jacobs, 6 April 2016, 08:14
Germany: Lost in Stagnation - ING Carsten Brzeski, Chief Economist at ING, suggests that disappointing new orders add to latest evidence that the German industry is currently caught in stagnation...
Market News
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Roberto Jacobs, 6 April 2016, 08:12
USD/CAD Looking to Stabilize Around 1.3130 The Canadian dollar is recovering part of yesterday’s sell off vs. its American neighbor, now taking USD/CAD to the 1.3135/30 band. USD/CAD eyes on oil, PMI The pair is coming down from yesterday’s multi-day peaks above the 1...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 08:09
FXWIREPRO: NZD/CAD Faces Strong Resistance Around 0.9020, Good to Sell on Rallies Major resistance 0.9020 Major support -0.8850 The pair has recovered till 0.89699 after making a low of 0.8877. It is currently trading around 0.89455. Short term trend is weak as long as resistance 0.9020 holds...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 07:56
GBP/USD Remains on Back Foot After Tuesday’s Sell-Off GBP/USD is struggling to regain poise following Tuesday’s sell-off that saw the currency pair tumbled more than 100-pips. Trades below 23.6% Fibo Cable is having a tough time moving back above 1.4165 (23.6% of 1.5230-1.3835) levels...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 07:54
FXWIREPRO: AUD/JPY Sees Strong Support at 83.07 (cloud Top), Further Weakness Only on Breaks Below Our previous call (http://www.econotimes.com/FxWirePro-AUD-JPY-on-track-for-83-levels-stay-short-189331) has achieved all targets. The pair hit lows of 82...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 07:49
FXWIREPRO: USD/JPY Edges Higher from Fresh Multi-Month Lows at 109.95 USD/JPY hit fresh multi-month lows at 109.94, it was seen below the 110 mark in Oct 2014, when the BoJ surprised markets with extra easing measures...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 07:46
EUR/GBP Surrenders Gains, Back to 0.8030 After hitting fresh cycle highs around 0.8050 on Tuesday, EUR/GBP has retraced part of the up move and is now hovering over the 0.8030 area. EUR/GBP focus on risk trends The European cross has managed to clinch highs in the mid-0...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 07:42
Commodities: Major Role in the FX Arena - FXStreet Ross Burland, Editor and Analyst at FXStreet.com, explains the major role of commodities in the FX space...
Market News
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Roberto Jacobs, 6 April 2016, 07:40
Eurozone: Unemployment Continues to Decline, but Price Pressures Missing - ING Bert Colijn, Senior Economist at ING, suggests that Eurozone’s inflation last week, turned out to have remained in negative territory at -0.1% in March, while the unemployment rate showed another decline in February...
Market News
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Roberto Jacobs, 6 April 2016, 07:27
EUR/USD Under Pressure in Early Europe, Near 1.1370 The EUR/USD pair maintains the overnight offered tone heading into early Europe, as the greenback keeps the recovery mode intact against its major peers ahead of the FOMC minutes due later today. EUR/USD trades below 5-DMA at 1...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 07:22
AUD and Yellen’s Curse - Rabobank Jane Foley, Research Analyst at Rabobank, sees greater likelihood that US officials may have pressured other central bankers to step back from currency wars rather than attempt to secure an agreement specifically targeting the value of the USD...
Currency
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Roberto Jacobs, 6 April 2016, 07:14
USD/JPY wipes-out Gains in Tandem with Nikkei, 110 Eyed? A sudden selling interest gripped the USD/JPY pair towards the late-Asian session, as the yen regained lost footing somewhat as the Japanese stocks fell back in the red...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 07:11
FXWIREPRO: South Korean Won Fails to Sustain Above 1160, Intraday Bias Remains Bearish USD/KRW is currently trading around 1154 levels. It made intraday high at 1160 and low at 1153 levels. Intraday bias remains bearish for the moment...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 06:50
FXWIREPRO: AUD/USD Edges Higher on Upbeat China Services PMI Data, Good to Buy Dips AUD/USD rebounds from session lows at 0.7510 following the release of the Chinese services PMI report. Data showed that China services sector activity expanded from 51.2 in Feb to 52...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 06:47
Currency market strategists are predicting greater weakness in the U.S. dollar over the next few months, as the Federal Reserve seems to have closed the door on interest rate hikes through the spring and left the greenback alone with a destructive bedfellow: rising inflation...
Market News
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Francis Dogbe, 6 April 2016, 06:46 #inflation
Asian Markets Trading on a Mix Note, Gold Hovers Around $1230 All the major Asian markets are trading on a mix note on Wednesday after two Central banks declared their interest rate decision on Tuesday. RBA decided to keep the cash rate on hold at a record-low 2...
Market News
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Roberto Jacobs, 6 April 2016, 06:45
FXWIREPRO: ASX200 Faces Strong Support at 4850, Good to Buy at Dips Major resistance - 4960 (Support turned into resistance) Major support 4850 ASX200 has recovered after making a low of 4890 level. It is currently trading at 4954...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 06:43
FXWIREPRO: Gold Back Below $1230, Good to Buy on Dips XAU/USD is currently trading around $1228 mark. It made intraday high at $1230 and low at $1228 levels. Intraday bias remains bullish till the time pair holds key support at $1222 marks...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 06:41
FXWIREPRO: Nikkei225 Faces Strong Support Around 15500, Good to Buy at Dips Major Support - 15500 The index has made a low of 15533 and started to recover from that level. It is currently trading around 15812.Intra day trend is slighty bullish as long as support 15500 holds...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 06:39