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Gold Technical Analysis for March 28, 2016 Gold price has broken down the sideways channel since last week and remains in a short-term bearish trend targeting a bigger pull back towards $1,150-$1,100...
Since last weeks hawkish FED speakers and relatively strong data USD has been pushing higher though without much in terms of gains...
Analytics & Forecasts
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Batur Asmazoglu, 28 March 2016, 10:57
FXWIREPRO: Silver Refrains to Fall Below Key Support at $15.12, Intraday Bias Remains Bullish XAG/USD is currently trading around $15.23 levels. It made intraday high at $15.26 and low at $15.12 levels. Intraday bias remains bullish for the moment. A daily close below $15...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:49
FXWIREPRO: CAD/JPY Faces Strong Resistance at 86.30, Good to Buy at Dips Major resistance – 86.30 (trend line joining 86.21 and 86.27) Major support - 84.50 The pair has once again retreated after making a high of 86.29 on 23rd Mar 2016. It has declined till 84...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:47 #CADJPY
FXWIREPRO: AUD/CAD Supported Above Daily Cloud, Weakness Only on Breaks Below The Canadian dollar seems to be resuming its upside momentum, supported by a better tone in crude oil price. AUD/CAD rangebound but remains supported above daily cloud (currently spanning 0.9860-0.9940...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:45
Canadian Dollar Climbs Against Most Majors The Canadian dollar strengthened against most major currencies in the early European session on Monday. The Canadian dollar rose to a 6-day high of 85.82 against the yen, from an early low of 85.16. The loonie advanced to 1.3237 against the U.S...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:42
NZ Dollar Rises Against Most Majors The New Zealand dollar strengthened against most major currencies in the pre-European session on Monday. The NZ dollar rose to nearly a 2-week high of 76.03 against the yen, from an early low of 75.51. Against the U.S...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:39
FXWIREPRO: US Oil Faces Strong Resistance Around $40, Good to Buy at Dips Major resistance - $40 (trend line joining $41.85 and $41.22) Major support - $38 The commodity has made a slight jump till $40.01 at the time of writing and slightly declined from that level...
Crude Oil
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Roberto Jacobs, 28 March 2016, 10:37
Australian Dollar Climbs Against Majors The Australian dollar advanced against the other major currencies in pre-European deals on Monday. The aussie advanced to 5-day highs of 1.1252 against the kiwi and 85.50 against the yen, from its early lows of 1.1214 and 84.85, respectively...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:35
FXWIREPRO: Deploy USD/JPY Debit Call Spreads on Rising Buying Sentiments Technical glimpse: After taking major support at 111.041, the pair has now broken out strong resistance at 112.670 to evidence mild upswings in short term upto 114...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:33
Pound Rises Against Majors The British pound strengthened against the other major currencies in the pre-European session on Monday. The pound rose to a 1-week high of 160.71 against the yen, from an early low of 159.75. Against the Swiss franc, the pound advanced to 1.3827 from an early low of 1...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:30
FXWIREPRO: USD/JPY Jumps Above 7 & 21 DMA, Intensified Buying Momentum Likely to Drag Upswings Further The current prices jumped above 7 & 21DMA, that signals more upswings likely in short term. The upswings are most likely as the pair breaks out above resistance at 112.670 levels...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:28
U.S Treasury Falls on Stronger Than expected 4Q GDP Data The 10-year U.S. Treasury yield was down 3 bps to 1...
Market News
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Roberto Jacobs, 28 March 2016, 10:25
FXWIREPRO: GBP/JPY Breaks Minor Trend Line Resistance, Good to Buy at Dips Major resistance- 160.30 (trend line joining 175.01 and 164.09) Major support- 159 The pair has broken major resistance 160.30 and jumped till 160.63 at the time of writing. It is currently trading at 160.62...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:21
FXWIREPRO: AUD/JPY Extends Gains Above 85 Handle, Short-Term Bias Remains Higher AUD/JPY extends rangebound between 84.00 and 86.38 March 13th high, while short-term bias remians bullish...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:14
GBP/USD Clinches Highs Near 1.4180 The sterling has started the week on a positive footing, now lifting GBP/USD to the area of daily highs near 1.4180...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:08
US Economy on a Path of Recovery – BNZ Research Team at BNZ, suggests that after a soft end to 2015, US activity indicators have stabilised or shown improvement...
Market News
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Roberto Jacobs, 28 March 2016, 10:06
Springtime in Emerging Markets – Danske Bank Research Team at Danske Bank, suggests that one of the most striking features so far of 2016 has been the relative strength of Emerging Market (EM) currencies which has happened over a period when other risky assets generally plummeted...
Market News
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Roberto Jacobs, 28 March 2016, 10:05
EUR/GBP Drops Below 0.79, Turns Red EUR/GBP is trading weak around 0.7880 as British Pound is marching higher against the greenback amid holiday thinned trade. GBP recovery continues Cable is up 0.24% today even though the upward revision of the US Q4 GDP pushed up treasury yields...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:03
GBP/JPY Clocks 4-Day High Offered tone around JPY strengthened, pushing the GBP/JPY pair to a four-day high of 160.77 levels. Treasury yields rise, Yen drops Rise in the US treasury yields following an upwardly revised US Q4 GDP released on Friday is keeping the Yen under pressure...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 10:00