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The USD index is creeping higher, and although we sense some small correction is in the making, it is unlikely to develop into a significant move higher, though in the case of USD/JPY, yesterday’s ‘presence’ of the BoJ gave the lows a bid, so some consolidation above 111...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 10:22
Dirk Schumacher, Research Analyst at Goldman Sachs, notes that the SNB, as widely expected, left policy rates unchanged at its March policy meeting...
Analytics & Forecasts
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Batur Asmazoglu, 18 March 2016, 10:20
Prime Minister Davutoglu will be in Brussels today to discuss with the EU’s leaders a deal on Syrian refugees. Turkey’s proposal (which was delivered to the EU on 7 March) comprised an offer for more help to the EU in exchange for an additional €3...
Analytics & Forecasts
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Batur Asmazoglu, 18 March 2016, 10:13
The research team at UOB Group sees the pair could attempt a visit to the vicinity of the 1.1500 handle. “The up-move in EUR has been more impulsive than expected as we approach the 1.1375 high seen last month”. “Above this level would open up the way for a move to the Oct 2015 high of 1.1495...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 10:03 #EUR/USD
Today’s rate-setting meeting may bring an unexpected policy rate cut, but we still expect the central bank (CBR) to stay on hold. The decision will be revealed at 10:30 a.m. London time...
Analytics & Forecasts
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Batur Asmazoglu, 18 March 2016, 09:56
S&P will review Hungary’s sovereign credit rating today. The agency currently rates Hungary’s long-term hard currency debt at the sub-investment grade rating of BB+ with a stable outlook...
Analytics & Forecasts
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Batur Asmazoglu, 18 March 2016, 09:54
EUR/USD has come under increasing selling pressure following the opening bell in Euroland, with gains so far capped in the low-1.1300s for the time being...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 09:53 #EUR/USD
Cable is looking a little tired at the highs, with 1.4500 having provided very strong offers yesterday – a number of attempts in both London and NY failing to breach this level...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 09:37 #eur/gbp
German PPI Falls More Than Expected In February Germany's producer prices declined at a faster-than-expected pace in February, data from Destatis showed Friday. The producer price index fell 3.0 percent year-over-year in February, exceeding economists' expectations for a 2.6 percent decrease...
Market News
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Roberto Jacobs, 18 March 2016, 09:34
Euro Falls Ahead Of German PPI At 3:00 am ET Friday, German statistical office Destatis is due to release its producer prices report for February. Producer prices are expected to fall 2.6 percent year-over-year in February after the 2.4 percent drop in January...
Market News
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Roberto Jacobs, 18 March 2016, 09:31
FXWIREPRO Longer Term Outlook: Euro Upside Could Extend Towards 1...
Market News
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Roberto Jacobs, 18 March 2016, 09:26
Analysts at JP Morgan lower their USD/JPY end-2016 forecast to 103 (Prev. forecast 110) *JPMorgan Chase & Co. is an American multinational banking and financial services holding company headquartered in New York City...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 09:23 #usd/jpy
Gold Turns Negative as USD Strengthens Profit taking on USD shorts ahead of the weekend weighed over Gold as well, pushing the metal into the negative territory in European session...
Market News
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Roberto Jacobs, 18 March 2016, 09:22 #gold
EUR/USD Dips Below 1.13 on ECB Praet’s comments EUR/USD dipped to a session low of 1.1279 levels after ECB’s chief economist assured markets that the central bank has not run out of ammo and could cut rates further. Trades below key Fibo The spot trades below 1.1293, which is the 23...
Currency
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Roberto Jacobs, 18 March 2016, 09:17
On Friday the U.S. #dollar is gradually recovering versus other #currencies. Recall that the dollar was knocked down with the results of the #Fed meeting on Wednesday. However, today, #investors are tempering justice with mercy, and the "greenback" is rising again...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 18 March 2016, 09:14 #Trading, forex
FXWIREPRO: EUR/JPY Extends Decline After Rejection a Falling Trendline Resistance EUR/JPY is extending decline on the day after seeing rejection at strong trendline resistance on Thursday's trade. Pair has been rejected multiple times at trendline since Mar 11th trade...
Analytics & Forecasts
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Roberto Jacobs, 18 March 2016, 09:13
The current theme on the market is to sell USD’s, but after some heavy losses in the wake of the FOMC, we may see some moderation set in, especially ahead of the weekend. All the major pairings are losing a little traction, and even USD/JPY looks to have moderated since the 111...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 09:10
Technical Analysis of USD/CHF for March 18, 2016 USD/CHF is expected to trade in a lower range and continue its downside movement. The pair is heading downward, capped by its falling 50-period moving average. Currently trading at 0...
Technical Analysis of NZD/USD for March 18, 2016 NZD/USD is expected to continue its upside movement. The pair is in a solid uptrend, supported by its ascending 50-period moving average...
Technical Analysis of GBP/JPY for March 18, 2016 GBP/JPY is expected to trade with a bullish bias. The pair, which is trading around the 20-period (30-minute chart) moving average, is retesting the first upside target at 161.85...