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Daily Analysis of Major Pairs for March 31, 2016 EUR/USD: The EUR/USD pair broke further upwards on Wednesday, testing the resistance line at 1.1350. There is a Bullish Confirmation Pattern on the 4-hour chart...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:55
European Stocks Drop on Commodity Share Weakness Stock markets across Europe fell in early trading with commodity shares leading the way lower. At the time of writing, Euro Stoxx 50 index was down 0.66%. Germany’s DAX and France’s CAC were down 0.32% and 0.68% respectively...
Market News
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Roberto Jacobs, 31 March 2016, 09:47
‘Brexit’ will be a Big Q2 Theme - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that ‘Brexit’ will be a big Q2 theme of course...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:45
Where to for AUD and NZD? – Deutsche Bank Robin Winkler, Strategist at Deutsche Bank, suggests that their short AUD and NZD have suffered from a sharp improvement in risk appetite thanks to benign signals from the Fed and China...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:42
JPY: Q2 Theme will be Further Unwinding of Yen Strength - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that this morning’s weekly Japanese securities investment data reinforce his view that one Q2 theme will be some further unwinding of yen strength...
Currency
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Roberto Jacobs, 31 March 2016, 09:40
NZD/USD: At New Cyclical High – ANZ Research Team at ANZ, notes that the Kiwi broke to a new cycle high overnight as USD liquidation continued. Key Quotes “The break opens the way for a test above 0.70, with the next solid resistance around 0.7160-0.72...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:38 #nzdusd
USD/CAD: Bears are Fefending 1.30 Handle CAD bulls are working hard amid wobbly oil prices to ensure the USD/CAD pair does not move beyond the psychological level of 1.30. Focus on Oil Dovish comments from Bank of Canada’s (BOC) Patterson could be behind the weakness int the CAD today...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:36
USD/CHF Recedes to 0.9640, USD Recovery Losing Steam? The recovery in the USD/CHF faltered near 0.9660 region after the USD bears took over control, with the US dollar receding gains against its major peers. USD/CHF revisits daily lows Currently, the USD/CHF pair turns negative at 0...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:33 #usdchf
Continued reaction to Fed Chair Yellen’s dovish speech supported a big curve steepening move Wednesday, with the front end adding solidly to the large rally posted Tuesday, as the Fed rate outlook in futures out over the next five years moved down more, while the back end reversed Tuesday’s more...
Analytics & Forecasts
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Batur Asmazoglu, 31 March 2016, 09:23
Euro Mixed Ahead Of German Retail Sales Data Destatis is slated to release German retail sales for February in the pre-European session on Thursday at 2:00 am ET. Economists forecast sales to grow 0.4 percent on a monthly basis, following a 0.7 percent rise in January...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:19
FXWIREPRO: NZD/USD Holds Above Strong Support at 0.6880, Good to Buy Dips Broad based US dollar strength and downbeat NZ business confidence data adds to bearish pressure on the bird. ANZ NZ business confidence 3.2% in March vs 7.1% in February. NZ own activity outlook for March 29.4% vs 25...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:17 #nzdusd
U.S. Dollar Advances Against Most Majors The U.S. dollar strengthened against most major currencies in the Asian session on Thursday. The U.S. dollar rose to a 2-day high of 1.4328 against the pound, from yesterday's closing value of 1.4377...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:14
AUD/JPY Heavy, On its Way to Hourly 100-SMA? The AUD/JPY cross is relentlessly offered this Thursday so far, with the bears bringing a halt to five straight sessions of gains against a backdrop of broad USD rebound. AUD/JPY back below 86 handle Currently, the AUD/JPY pair drops -0.44% to 85...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:11
GBP/JPY – Challenging Bids Around 161.00 GBP/JPY is testing bids around 161.00 as weakness in European equity futures is keeping JPY on a front foot ahead of BOE governor Carney’s speech...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:08
EUR/USD Unmoved by German Data, Stoxx 50 Futures Open Lower Contract in German retail sales failed to move EUR/USD pair, which trades on a weaker note around 1.1315 levels amid weak action in the European equity futures...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:06
•A look at AUDNZD trends shows how stop losses are useful in FX trading •A bullish rally followed the prolonged 2011 to 2015 bear market for the AUDNZD •A classic AUDNZD symmetrical triangle pattern was finally completed on March 2 •The long term upside potential of AUDNZD is considerable Having...
Trading Ideas
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Francis Dogbe, 31 March 2016, 09:06 #Trading, forex
AUD/USD Upside Appears Capped Above 0.77 – UOB According to the research team at UOB Group, the pair’s upside could striggle around 0.7740. Key Quotes “While the break above the month’s high of 0...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 09:04
Oil Drops to 2-Week Lows on Rising US Crude Reserves Oil benchmarks on both sides of Atlantic prolongs its downward trajectory for the seventh straight session this Thursday, hitting fresh two-week lows on omnipresent supply glut concerns...
Crude Oil
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Roberto Jacobs, 31 March 2016, 09:00
USD Losing Momentum? – Danske Bank Jens Pedersen, Senior Analyst at Danske Bank, has assessed the recent performance of the greenback. Key Quotes “USD bulls are losing confidence as Fed Chair Yellen’s latest comments seem to undermine previous hawkish comments from other board members”...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 08:58
Yesterday, the ADP report for March showed jobs rose 200k - a touch higher than expectations (195k) and confirming that the labour market remains robust.Revisions to February were minor at -9k, taking this measure of jobs growth in the month to 205k...
Analytics & Forecasts
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Batur Asmazoglu, 31 March 2016, 08:56