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The U.S. currency came under serious pressure versus its competitors in FOREX on all fronts. Thus, #USDJPY #quotes have left borders of the graphic pattern "triangle", which was relevant during the past few weeks, breaking its lower border. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 17 March 2016, 11:37 #Trading
A technical picture in #USDCAD has changed dramatically. The #Fed meeting gave bears in the pair an opportunity to successfully storm the support line of the medium-term uptrend. It is recommended to hold short positions opened on a breakthrough of a support line...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 17 March 2016, 11:34 #Trading
The British pound to dollar exchange rate (GBPUSD) recovered strongly in the wake of the US Federal Reserve’s March policy meeting, the gains could however be brief...
Analytics & Forecasts
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Vasilii Apostolidi, 17 March 2016, 11:25
Michael Hsueh, Research Analyst at Deutsche Bank, suggests that Chinese oil demand growth has accounted for an average of 35% of world oil demand growth since 2000 and based on public agency and industry forecasts this trend is expected to continue with China making up more than a third of world...
Analytics & Forecasts
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Batur Asmazoglu, 17 March 2016, 10:55
As widely expected, the Fed maintained the Fed funds target rate unchanged at 0.25%-0.50% - but the Fed sent a dovish signal...
Analytics & Forecasts
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Vasilii Apostolidi, 17 March 2016, 10:52 #EUR/USD
Broad based USD selling after an all out dovish FOMC pushed the USD/CHF below its 200-DMA level of 0.9788 levels ahead of the Swiss National Bank (SNB) rate review...
Analytics & Forecasts
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Batur Asmazoglu, 17 March 2016, 10:50
The Canadian dollar is gathering further traction vs. its American peer on Thursday, now dragging USD/CAD to the 1.3065/60 band, session lows. USD/CAD lower on USD-selling, oil gains Spot is trading at shouting distance from 5-month lows in the 1...
Analytics & Forecasts
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Batur Asmazoglu, 17 March 2016, 10:45
The research team at UOB Group sees gains inEUR/USD to be limited in the near term. Key Quotes “The overnight high has been 1.1242 which was just below the 1.1245 target that was first indicated last Friday”...
Analytics & Forecasts
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Vasilii Apostolidi, 17 March 2016, 10:38 #EUR/USD
Strategist at Westpac Richard Franulovich has recommended going long USD on pullbacks towards the 94.00-95.00 area...
Analytics & Forecasts
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Vasilii Apostolidi, 17 March 2016, 10:36
Richard Franulovich, Strategist at Westpac, suggested the 1.35-1.36 area could cap occasional gains. “This could be it for USD/CAD’s downleg since midJan, neither CA-US 2yr bond spreads nor oil prices offering much confidence for sustained trade in USD/CAD sub-1.35”...
Analytics & Forecasts
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Vasilii Apostolidi, 17 March 2016, 10:34 #usd/cad
Dollar Index Technical Analysis for March 17, 2016 The Dollar index made a new low yesterday breaking the triangle pattern downwards after the FOMC meeting. Trend remains bearish as we approach the important support area of 95...
Analytics & Forecasts
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Roberto Jacobs, 17 March 2016, 10:31 #dollar index
Technical Analysis of USD/CHF for March 17, 2016 USD/CHF is expected to extend its downside movement. After yesterday's sharp decline, the pair is now in a downtrend, capped by its falling 20-period and 50-period moving averages...
SNB March Policy Decision - Thurs 3/17 - 4:30 AM ET BoE March Policy Decision - Thurs 3/17 - 8:00 AM ET PS: Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en/?affid=0fd9105...
Analytics & Forecasts
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Vasilii Apostolidi, 17 March 2016, 10:22
Technical Analysis of NZD/USD for March 17, 2016 NZD/USD is expected to trade in a higher range. The pair jumped above its previous resistance at 0.6705, which now acts as support. The upside potential has been opened towards 0.6805...
Research Team at TDS, suggests that the SARB rate meeting is a very close call and they are inclined towards a pause at 6.75%, but +25bp is possible. Key Quotes “Reflecting our uncertainty, Bloomberg is almost evenly split with a small majority expecting no change...
Analytics & Forecasts
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Batur Asmazoglu, 17 March 2016, 10:20
Technical Analysis of GBP/JPY for March 17, 2016 The GBP/JPY is expected to trade with a bearish bias. After yesterday's sharp decline, the pair has clearly reversed down, and is likely to post a new drop towards 158.70. The relative strength index is badly directed...
EUR/USD: Bullish: Take partial profit at 1.1245. The overnight high has been 1.1242 which was just below the 1.1245 target that was first indicated last Friday...
Technical Analysis of CHF/JPY for March 17, 2016 CHF/JPY seems to establish a bearish trend after breaking below the ascending Fibonacci channel and then breaking below the 161.8% retracement line. The first corrective wave after the 161...
Analysis : Channel Down has broken through the resistance line at 16-Mar-20:00 2016 GMT. Possible bullish price movement forecast for the next 2 days towards 0.679. Supporting Indicators : Upward sloping Moving Average Resistance Levels...
Charts
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Lahcene Ouled Moussa, 17 March 2016, 10:12