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EUR/USD Back to Square One EUR/USD found support at the 200-hour SMA and managed to trim some of its intraday losses and is back headed toward the 1.1400 area. EUR/USD slipped from a fresh 2016 high of 1.1453 to a daily low of 1...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 18:37
EUR/USD: Dollar to Remain on the Defensive - BTMU Analysts from The Bank of Tokyo-Mitsubishi UFJ, point out that the near-term bias in EUR/USD is bullish and expect it to trade between 1.1200 and 1.1500 during the week ahead...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 18:32
AUD/USD: Technical Condition of AUD Deteriorating - BBH Analysts from Brown Brother Harriman, explain that the AUD/USD could have topped and consider that the technical outlook favors the downside...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 18:30
Since reaching a low of about $26 in mid-February, oil prices (WTI) have rebounded sharply to more than $41 by the second half of March. This was the result of a reduction in short positions in oil and of expectations of an accord between oil producers to freeze output...
Analytics & Forecasts
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Vasilii Apostolidi, 7 April 2016, 18:12 #forex
The front end of the US yield curve is pretty much exactly where it was yesterday morning, irrespective of the FOMC Minutes and any press comment. Oil prices are slightly higher, 10yr Treasury yields are flat overnight but up from this time yesterday...
Analytics & Forecasts
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Vasilii Apostolidi, 7 April 2016, 16:36 #forex
The Federal Reserve’s last meeting minutes were released on Wednesday. The key takeaway point from the minutes was this: a lack of harmony among the FOMC policymakers. Since the Fed’s last meeting, several members have spoken, delivering mostly dovish remarks...
Analytics & Forecasts
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Francis Dogbe, 7 April 2016, 16:33
From stocks to developing-nation currencies, riskier assets around the world have been flashing the all-clear signal for over a month. But for investors in the world’s safest securities, nothing has changed, and that may spell trouble...
Analytics & Forecasts
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Francis Dogbe, 7 April 2016, 16:26
According to yesterday’s FOMC several participants argued for proceeding cautiously in reducing monetary policy accommodation "because they saw the risks to the U.S...
Analytics & Forecasts
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Vasilii Apostolidi, 7 April 2016, 15:41 #forex
The pound to euro exchange rate could fall back to levels last seen in 2011 over the course of coming months warns a leading international payments provider...
Analytics & Forecasts
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Vasilii Apostolidi, 7 April 2016, 15:23 #forex
Right now we are in the middle of nowhere unless Today’s high or Yesterday’s low is breached. If Yesterday’s low in not tested and today’s high is taken out, we should expect at least 1...
Wave Count
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AynGannRand, 7 April 2016, 14:53
US Initial Jobless Claims Drop More Than Expected Last Week The labor department data released today in the US showed the first time jobless applications fell more than expected last week, indicating the labor market continues to strengthen despite headwinds...
Wave Count
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Roberto Jacobs, 7 April 2016, 14:42
EUR/USD Hovers Below 1.1400 After US Jobless Claims Data EUR/USD remained steady below 1.1400 after the release of US initial jobless claims data which fell by 9K in the week ended Apr 1. EUR/USD had pulled back from fresh 2016 highs and is back below the 1...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 14:36
Cautiousness Prevails Around GBP/USD – Scotiabank Chief FX Strategist at Scotiabank Shaun Osborne remains cautious on the outlook for Cable...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 14:33
NZD/USD Consolidating Near-Term – UOB According to analysts at UOB Group, the Kiwi dollar remains in a consolidative phase vs. the US dollar in the short term. Key Quotes “We just turned neutral yesterday and there is no change to the view”...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 14:31 #nzdusd
EUR/GBP: Strong Upward Impetus Yesterday’s news triggered the decline in the USD in the market. Following the information released by US EIA at 16:30 (GMT+2) which showed that US oil reserves last week fell by 4.937 million barrels against the rise of 2...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 14:29
Fed Hike Probabilities Review After FOMC Minutes After last night’s FOMC minutes, which showed many policymakers were issuing warnings on appreciable global developments, which pose economic risks to United States...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 14:26
USD/CAD: Breaking Above a Descending Trend – SocGen Research Team at Societe Generale, notes that after reintegrating within a multiyear upward channel USD/CAD achieved key level of 1.2850, graphical levels consisting of last March highs and October lows...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 14:21
US: Chaos in Cleveland? – Westpac Sean Callow, Research Analyst at Westpac, suggests that the markets also need to contend with summer political event risk from the US presidential campaign...
Analytics & Forecasts
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Roberto Jacobs, 7 April 2016, 14:18
ECB Minutes: Considered Sharper Rate Cut in March European Central Bank (ECB) March policy account/minutes released today showed governing council considered a much sharper rate cut in March, but feared reaching a zero lower bound...
Market News
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Roberto Jacobs, 7 April 2016, 14:16
Should the Fed Care about Britain? – Westpac Sean Callow, Research Analyst at Westpac, suggests that this week JP Morgan Chase CEO Jamie Dimon predicted that increased volatility is here to stay...
Market News
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Roberto Jacobs, 7 April 2016, 14:14