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Treasuries had a persistently strong long-end-led bid through the day Wednesday to end with a substantial bull flattening rally that was futures led and left our desk and most clients puzzled it seemed about just what was going on...
Analytics & Forecasts
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Batur Asmazoglu, 24 March 2016, 09:40
U.S. Dollar Advances Against Majors The U.S. dollar gathered momentum against its major rivals in early European deals on Thursday. The greenback climbed to 8-day highs of 1.1157 against the euro, 112.97 against the yen, 1.4073 versus the pound, 0.7478 against the aussie, 0...
Currency
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Roberto Jacobs, 24 March 2016, 09:22
Finland PPI Falls At Faster Rate In February Finland's producer prices decreased at a faster pace in February, figures from Statistics Finland showed Thursday. The producer price index for manufactured products fell 4.1 percent year-over-year in February, much faster than the 2...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 09:20
USD is expected to remain bid, with the potential to end the week at levels consistent with a reversal formation in technical terms. Conditions for USD gaining further ground are almost perfect...
Analytics & Forecasts
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Batur Asmazoglu, 24 March 2016, 09:19
German Consumer Confidence Set To Weaken In April German consumer confidence is set to fall in April on global risks, survey data from GfK showed Thursday. The forward-looking consumer sentiment index dropped to 9.4 from 9.5 points in March. It was forecast to remain unchanged at 9.5...
Market News
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Roberto Jacobs, 24 March 2016, 09:18
German Import Prices Decline Most Since 2009 Germany's import prices decreased at the fastest rate in more than six years during February, as lower energy prices continued to dampen inflationary pressures, preliminary data from Destatis showed Thursday. The import price index dropped 5...
Market News
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Roberto Jacobs, 24 March 2016, 09:13
DXY Seen Gathering Traction – Westpac Strategist at Westpac Richard Franulovich has assessed the likeliness of further appreciation of the greenback in the next weeks. Key Quotes “Conditions slowly becoming propitious once again for a decent multi-day USD bounce”...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 09:10
GBP/USD Trades Below 1.41 Ahead of UK Data GBP/USD stays on the back foot below 1.41 handle with traders awaiting UK retail sales data release followed by US durable goods orders release in the US session...
Currency
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Roberto Jacobs, 24 March 2016, 09:07
EUR/USD forecast: Focus on US Releases – Commerzbank and UOB EUR/USD continues to grind lower during the second half of the week, testing the area of 1.1160 amidst a strong demand for the US dollar...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 09:04
EUR/USD Slips Further to 1.1160 The offered tone is now picking up pace around the single currency, dragging EUR/USD to test fresh lows in the 1.1165/60 band...
Currency
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Roberto Jacobs, 24 March 2016, 08:42
EUR/AUD: Deeper Decline Towards 1.3718/1.3675 Eyed - SocGen The FX Technical Analysis Team at Societe Generale suspects a possible double top in EUR/AUD, with an initial target of 1.3718/1.3675 a possibility ahead of longer term 1.27/1.25...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 08:40
GBP: Cable’s Relief Rally Looks Over - TDS According to Ned Rumpeltin, European Head of FX Strategy at TDS, GBP/USD looks set to test the year’s lows at 1.3836, with a break below exposing the 2009 base at 1.3503...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 08:38
AUD/USD Weaker, Breaks Below 0.7500 The Aussie dollar is extending its bearish sentiment today, dragging AUD/USD back to sub-0.7500 levels. AUD/USD lower on USD-buying Spot is retreating for the second consecutive session so far, opening the door for a test of the 0...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 08:36
GBP/USD: Downside Target Remains 1.3502 - Comerzbank Axel Rudolph, Analyst at Commerzbank, as part of his daily trade recommendation, suggests to attempt tiny shorts in GBP/USD at 1.4420, 1.4500 stop 1.4570, exit 1.4320. His downside target remains at 1.3502 2009 low...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 08:34
Technical Analysis of Silver for March 24, 2016 Technical outlook and chart setups: Silver has dropped and almost hit the first estimated target at $15.00 levels as discussed yesterday. The metal is trading at $15.27 levels for now, looking to form intermediary lows at $14.90/15...
Technical Analysis of Gold for March 24, 2016 Technical outlook and chart setups: Gold has dropped lower as discussed and expected, and is trading at $1,218.00 levels at the moment. The yellow metal may produce intraday rallies but those should remain well capped below $1,230.00/35.00 levels...
Technical Analysis of EUR/JPY for March 24, 2016 General overview for 24/03/2016: After completing the corrective structure in wave (ii), the market stalled just below the intraday resistance at the level of 126.25...
Technical Analysis of USD/CAD for March 24, 2016 General overview for 24/03/2016: The market has broken above the intraday resistance at the level of 1.3167 in an impulsive fashion and is currently trading inside of the neutral zone...
Gold Recovers From Fresh One-Month Low Set in Asia Gold prices clocked a fresh one-month low of $1214.73 in Asia before trimming losses to trade around $1219/Oz levels with investors eyeing key data releases in the US...
Metals
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Roberto Jacobs, 24 March 2016, 07:57 #gold
EUR/GBP Firm Above 0.7900, UK Data Eyed Sideline patterns in both the sterling and the single currency are echoing on EUR/GBP, trading in a consolidative theme in the low-0.7900s. EUR/GBP keeps 0...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 07:54