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Technical Analysis of EUR/JPY for April 4, 2016 General overview for 04/04/2016: The impulsive wave progression to the upside has been completed and now the market is in the corrective cycle...
AUD: Flat Monthly Inflation Gauge - TDS Research Team at TDS, suggests that the Australia’s March Monthly Inflation Gauge was flat for headline and core. Key Quotes “We expect Q1 CPI of +0.3%/qtr via flat tradable and +0.5%/qtr for non-tradable. For core we expect +0.53%/qtr for 1.93%/yr...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 09:28
GBP/USD: Offered Near 1.4225, Attacks 1.4200 The GBP bulls once again lost control as we progress towards the European open, now pushing GBP/USD back towards 1.42 handle. GBP/USD drops from stiff resistance near 1.4225 region The GBP/USD pair trades -0.12% lower at 1.4209, heading for a test of 1...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 09:26
Oil Drops on Falling Prospect of Output Freeze Production cut was never a possibility according to markets, but even a production freeze strategy appears a distant dream now owing to which both oil benchmarks dropped on Friday and extended losses today...
Crude Oil
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Roberto Jacobs, 4 April 2016, 09:25
EUR/USD in Red, Stabilizes Below 1.1400 The single currency has started the week on an offered fashion vs. the greenback, prompting EUR/USD to give away part of last week’s strong advance...
Currency
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Roberto Jacobs, 4 April 2016, 09:21
Fed: Taking a Cautious Approach - ANZ Research Team at ANZ, suggests that the Fed is taking a cautious approach to monetary policy as the global macro and financial environment poses ongoing risks to the US economy...
Market News
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Roberto Jacobs, 4 April 2016, 09:18 #Fed
All the Asian markets are trading on a positive note on Monday after US released positive NFP results but on the other hand, unemployment rate rose to 5.0% vs 4.9% previous release. Gold remains well supported below $1222 and trading around $1217 marks...
Analytics & Forecasts
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Batur Asmazoglu, 4 April 2016, 09:16
Eurozone: Unemployment and Investor Confidence Data in Focus – Danske Bank Research Team at Danske Bank, suggests that in the euro area, Sentix investor confidence for April is due for release at 10:30 CET...
Market News
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Roberto Jacobs, 4 April 2016, 09:16
USD/CAD Catches Fresh Bid, Hits Fresh Highs Above 1.3050 USD/CAD’s recovery gathered pace over the last hour, taking the prices beyond the mid-point of 1.30 handle as the USD bulls fight back control somewhat amid tumbling oil prices. USD/CAD holds above 1...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 09:14
PBoC for the first time disclosed its short foreign-currency positions in forwards and futures. As of end-February, it held USD28.9bn of such positions with commercial lenders and USD2.4bn worth of total long positions...
Analytics & Forecasts
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Batur Asmazoglu, 4 April 2016, 09:14
Bank of Japan's quarterly Tankan report released on Friday showed the headline index for big manufacturers' sentiment in March stood at plus 6, down from up 12 seen three months ago as compared with the median estimate of +8 in a Reuters poll of economists...
Analytics & Forecasts
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Batur Asmazoglu, 4 April 2016, 09:11
Technical Analysis of USD/CAD for April 4, 2016 General overview for 04/04/2016: A new local high has been made at the level of 1.3146, but the bulls weren't strong enough to clearly break out above the neutral zone. Currently, the market trades inside of the neutral zone between the levels of 1...
There is no trade call for the session. The London session is relatively quiet, however we will see Employment figures from Spain and Construction PMI from the UK. Currency Update USD: Employment figures for March were solid with 215,000 jobs added, a rise of 0...
Currency
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Sherif Hasan, 4 April 2016, 09:09
Technical Analysis of NZD/USD for April 04, 2016 USD/CHF is expected to trade in a lower range as key resistance is at 0.9625. After the failure to break above the nearest resistance at 0.9625, the pair is now under pressure, and is expected to challenge its next support level at 0.9555...
Technical Analysis of GBP/JPY for April 04, 2016 GBP/JPY is expected to trade in a lower range as the pair is under pressure. The pair is turning down following a double top pattern, and is expected to post further decline...
Elliott Wave Analysis of EUR/NZD for April 4 - 2016 Wave summary: We have seen the expected break above minor resistance at 1.6508 indicating that a low was seen at 1.6223. Now we only need a break above resistance at 1.6725 to confirm that wave [iii] of iii is developing...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 08:46
Elliott Wave Analysis of EUR/JPY for April 4 - 2016 Wave summary: The corrective rally in wave iv seems to have ended prematurely at 128.22. The break below minor support at 126.94 does suggest this is indeed the case and that the final decline in wave v lower to 117.38 is now developing...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 08:44
Technical Analysis of EUR/USD for April 04, 2016 When the European market opens, some economic news will be released such as the PPI m/m, Unemployment Rate, Sentix Investor Confidence, Spanish Unemployment Change...
Technical Analysis of USD/JPY for April 04, 2016 In Asia, Japan will release the Monetary Base y/y and the US will release some economic data such as the Labor Market Conditions Index m/m and Factory Orders m/m...
Daily Analysis of Major Pairs for April 4, 2016 EUR/USD: This pair moved upwards by roughly 300 pips last week, but the bulls met a strong opposition around the resistance line at 1.1400...
Analytics & Forecasts
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Roberto Jacobs, 4 April 2016, 08:36