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Australian Bonds Rally on Global Growth Concerns The Australian bonds rallied on Wednesday as Western investors pour into safe-haven assets amid deepening global growth fears. The benchmark 10-year bonds yield, which is inversely proportional to bond price fell 0.81 pct to 2...
Market News
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Roberto Jacobs, 6 April 2016, 08:37
Risk Off Despite Stronger US Service Sector Surveys in March – Deutsche Bank Darren Gibbs, Chief Economist at Deutsche Bank, notes that the US non-manufacturing ISM beat market expectations, rising 1.1pts to 54...
Market News
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Roberto Jacobs, 6 April 2016, 08:36
Technical Analysis of USD/JPY for April 06, 2016 In Asia, Japan will release the Leading Indicators and the US will release some economic data such as Crude Oil inventories. So there is a probability the USD/JPY pair will move with low to medium volatility during this day...
EUR/USD Perspective Looks Constructive – UOB The research team at UOB Group keeps the positive view of the pair in the upcoming weeks. Key Quotes “As mentioned yesterday, while short-term momentum has eased off, it is not enough to indicate that a short-term top is in place...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 08:30
Daily Analysis of Major Pairs for April 6, 2016 EUR/USD: Since the EUR/USD pair tested the resistance line at 1.1400, it has been difficult for the price to go above that line. The bulls have continued battering that line of defense (an action that started last week...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 08:27
EUR/USD Losing Ground as Stoxx 50 Futures Rise EUR/USD extended losses to 1.1365 levels as pan-European equity futures – Stoxx 50 index rose 0.65% following Tuesday’s meltdown. 1.14 is a tough nut to crack The spot has failed to hold gains above 1...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 08:23
Oil Rebounds from 5-Week Low, WTI Jumps +2.5% Oil benchmarks on both sides of Atlantic extend the recovery mode from multi-week lows on Wednesday, on mounting expectations of out freeze and drawdown in crude reserves...
Crude Oil
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Roberto Jacobs, 6 April 2016, 08:21
EUR/USD Forecast: Looking to Risk Trends – Commerzbank and Danske Bank EUR/USD remains resilient in the 1.1350/60 area following last week’s 2016 tops above the 1.1400 handle. Karen Jones, Head of FICC Technical Analysis at Commerzbank, argued the pair’s “high on Friday at 1...
Analytics & Forecasts
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Roberto Jacobs, 6 April 2016, 08:18
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