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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
US Dollar Retakes 94.00 and Beyond The greenback, gauged by the US Dollar Index, has recovered the smile today, bouncing off multi-month lows and advancing above the 94.00 mark. US Dollar attention to Fedspeak USD-bulls seem to be buying the recent dip towards the vicinity of 93...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 15:45
Bulls in #USDJPY seem to have calmed down – the 107.60 support level is held. However, until we will see a breakthrough of any significant resistance level and some uptrend signs, it is too early to talk about it. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 12 April 2016, 15:28 #Trading
The graphic pattern "triangle" in #USDCAD is ready for implementation. The breakthrough of the semi-annual low can start a full-scale attack of the sellers. It is recommended to open short positions in a case of the daily closure below the lowest level since October 2015...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 12 April 2016, 15:25 #Trading
GBP/USD Retraces Gains, Dips Back Below 1.4300 GBP/USD was rejected from the 1.4345 zone and retraced most of its UK CPI-inspired gains over the last hours, as the greenback strengthened versus its European peers. GBP/USD failed to hold above the 1.43 level and slid toward the 1...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 15:24
Jane Foley, Research Analyst at Rabobank, suggests that following the G20 meetings earlier this year there were plenty of rumours that the US had demanded that other central banks ease back from monetary policies that led to USD strength...
Analytics & Forecasts
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Vasilii Apostolidi, 12 April 2016, 15:22 #forex
Technical Analysis of GBP/NZD for April 12, 2016 After the breakout of the uptrend trend line, the price dropped substantially and the pair found the support at 0% (S2) Fibonacci level applied to the trend line's breakout point. At the same time, a strong support is formed at the 361...
EUR/USD Putting 1.14 to the Test The shared currency continues to shed ground vs. the greenback today, now taking EUR/USD to test session lows in sub-1.1400 levels...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 14:58
USD/JPY Ignored Uptick in US Import Price Index Bid tone around USD failed to strengthen despite rise in the US import price index, leaving USD/JPY largely unaffected around 108.30...
Currency
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Roberto Jacobs, 12 April 2016, 14:56
With another quiet one in terms of economic data released, we stay focused on the impact of the impending weekend meetings between Oil producing nations in Doha. With Oil sitting just above the important, psychological $40 per barrel level, it’s still the 200 SMA that is capping price...
Analytics & Forecasts
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Francis Dogbe, 12 April 2016, 14:49
FXWIREPRO: Brazilian Political, Fiscal and Economical Consolidation Fuel Brl Momentum - Stay hedged for USD/BRL Downside USD/BRL Increased odds of a presidential impeachment pushed USD/BRL below 3.60 for the first time since August...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 14:47
The U.S. dollar index fell 9 out of the last 11 trading sessions, already down 4.8% this year and back to the level seen last October. The dollar has weakened against all its major trading partners from the Japanese yen to the Canadian dollar...
Market News
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Francis Dogbe, 12 April 2016, 14:47
AUD/USD Hovers Near 8-Day Highs AUD/USD has managed to hold onto daily gains despite the recovery of the US dollar against European currencies seen over the last hours. AUD/USD is rising for third day in a row, having recently posted an 8-day high of 0...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 14:43
FXWIREPRO: BRL on 8 Month's Highs After Descending Triangles' Base - Short for more Bearish Potential BRL (Brazilian Real) against USD hits at 3.4850 to flash a fresh 8 months highs. USD/BRL forms a descending triangle pattern which is bearish continuation trend...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 14:39
The dollar has had a rough ride of late but this isn’t anything long-term say economists at a leading independent economic research house. The US dollar Index has fallen from a peak of 99...
Analytics & Forecasts
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Vasilii Apostolidi, 12 April 2016, 14:37 #forex
The British pound’s outlook ultimately rests with two factors, in our view: The EU referendum in June and UK inflation data. The referendum is of course the sexier of the two drivers, but it could be the speed of price rises confronting shoppers that truly becomes the market’s biggest concern...
Analytics & Forecasts
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Vasilii Apostolidi, 12 April 2016, 14:35 #forex
End of FX Wars? - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that following the G20 meetings earlier this year there were plenty of rumours that the US had demanded that other central banks ease back from monetary policies that led to USD strength...
Analytics & Forecasts
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Roberto Jacobs, 12 April 2016, 14:34