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EUR/USD Now Targets 1.1495 – UOB Analysts at UOB Group see the pair facing strong resistance in the vicinity of the 1.15 handle. Key Quotes “There is not much to add as EUR traded quietly yesterday and closed almost unchanged for the day”...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 11:16
UK CPI Beats Estimates UK Office for National Statistics data released today showed cost of living as measured by consumer price index (CPI) rose faster than expected due to sharp rise in transportation cost. CPI came-in at 0.4% m/m and 0.5% y/y, both above the estimated figure of 0.3% and 0...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 11:14
EUR/GBP Drops Below 0.80 as UK CPI Beats Estimates EUR/GBP surrendered gains to print a session low of 0.7998 after the UK data showed inflation rose at a faster than expected rate in March. Trades below hourly 200-MA The cross turned lower from 0...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 11:12
GBP/USD Through 1.43 on UK CPI The sterling continues its march north on Tuesday, now sending GBP/USD through the 1.4300 barrier, or daily highs...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 11:10
Brent Oil Clocks Fresh 2016 High Brent oil rose to fresh 2016 high of $43.46 levels on optimism major producers may reach a production freeze accord this Sunday. Major oil producers (OPEC and non-OPEC) excluding United States are scheduled to meet in Qatar's capital Doha next Sunday...
Crude Oil
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Roberto Jacobs, 12 April 2016, 11:09
USD/CHF Dips to Lows Near 0.9500 The selling interest around the dollar seems to have returned today, now sending USD/CHF to test session lows in the 0.9500 neighbourhood...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 11:07 #usdchf
Central banks’ experiment with negative interest rates continues apace this year, with the BoJ the latest to have dipped a toe in the water and the ECB edging further towards the deep end last month...
Analytics & Forecasts
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Vasilii Apostolidi, 12 April 2016, 10:18 #forex
Technical Analysis of USD/CHF for April 12, 2016 USD/CHF is expected to trade in a lower range as the key resistance is at 0.9580. The pair remains under pressure below its nearest resistance at 0.9580, which is expected to limit any upside potential...
Technical Analysis of NZD/USD for April 12, 2016 NZD/USD is expected to trade with a bullish bias above 0.6820. The pair remains strongly on the upside and is also supported by its rising 50-period moving average...
Technical Analysis of GBP/JPY for April 12, 2016 GBP/JPY is expected to trade in a higher range as the pair is bullish above 153.05. The pair stands above its support base at 153.05, which has allowed for a temporary stabilization. Meanwhile, the relative strength index lacks downward momentum...
JPY: Asia Bears Need Abe Too – Deutsche Bank Mallika Sachdeva, Strategist at Deutsche Bank, suggests that the Asian FX gains have been attributed to a mix of seasonality, covering of offshore under-weights on Asian equities, unwind of speculative long USD positions, and reprieve from a dovish Fed...
Currency
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Roberto Jacobs, 12 April 2016, 10:04
Technical Analysis of USDX for April 12, 2016 The Dollar index continues to grind lower and still remains in a bearish trend. However, I expect the trend to reverse this week or, at the latest, at the start of next week. I expect the Dollar to strengthen again...
EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. We have held a neutral view for more than 2 weeks and there are no signs that the current consolidation phase is about to end soon. In other words, we continue to expect this pair to trade between 1.1330 and 1.1495 for now...
GBP/JPY Trades Below 23.6% Fibo Ahead of UK Data GBP/JPY backed off from the daily high of 154.63 levels to trade below 154.22 (23.6% of 162.58-151.64) levels ahead of the UK CPI data release...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 09:58
USD Struggling as Real Yields Head Further into Negative Territory - BNPP Research Team at BNP Paribas, suggests that more broadly the USD is struggling to rebound amid a backdrop of increasingly negative real rates...
Currency
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Roberto Jacobs, 12 April 2016, 09:55
Technical Analysis of Gold for April 12, 2016 Gold made a new higher high yesterday towards the resistance of the 61.8% Fibonacci retracement and is now trading around this important level...
Early FX Update from the Globe – Wells Fargo Eric Viloria, Currency Strategist at Wells Fargo Securities, lists down all the FX updates from the globe for today. Key Quotes • “The U.S. dollar is mixed but lower overall...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 09:48
Worries over whether Great Britain will leave the European Union are showing up in unlikely pockets of the financial markets. One of them is the difference between the London Interbank Offered Rate and the overnight indexed swap rate in the U.K...
Analytics & Forecasts
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Francis Dogbe, 12 April 2016, 09:47
EUR/USD Advances to Highs Near 1.1440 The shared currency is now gathering further traction, sending EUR/USD to the area of daily highs in the proximity of 1.1440...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 09:45
FXWIREPRO: EUR/GBP Struggles at the 0.80 Handle, Focus on Uk Inflation Data EUR/GBP is extending downside from fresh 20-month highs at 0.8117 hit on April 7th. The pair is seen trading a rising channel since Jan 2016, and on the day is struggling at the 0.80 handle...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 09:43