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GBP/JPY: Bearish Momentum Stalls Near 23.6% Fibo Level The bears gained an upper hand on Monday, but failed to push the GBP/JPY cross below 160.32 (23.6% of 175.02-155.78) levels...
Currency
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Roberto Jacobs, 7 March 2016, 15:42
EUR/CHF on the Rise, 1.10 Closer The Swiss franc continues to depreciate vs. its European peer on Monday, now sending EUR/CHF to test daily highs near 1.0970. EUR/CHF eyes on ECB meeting The cross is navigating 2-week highs in the upper-1...
Currency
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Roberto Jacobs, 7 March 2016, 15:40 #eurchf
Australian Dollar Recovers Against Majors The Australian dollar trimmed its early losses against its major rivals in Europe on Monday. The aussie bounced off to 0.7430 against the greenback, 1.4743 against the euro, 84.39 against the yen and 0.9925 against the loonie, from its previous lows of 0...
Currency
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Roberto Jacobs, 7 March 2016, 15:36
Gold Holds 13-Month Highs Gold futures were flat Monday morning, holding strong recent gains ahead of what is expected to be a quiet week in most major markets...
Metals
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Roberto Jacobs, 7 March 2016, 15:30 #gold
Crude Oil Jumps Above $36 As Rally Gathers Momentum Crude oil futures continued to rise Monday morning after a deal to freeze output from a number of major producers...
Crude Oil
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Roberto Jacobs, 7 March 2016, 15:28 #crude oil
The Bank of Canada should remain in a wait-and-see mode on Wednesday despite risks to the growth outlook remaining to the downside, says BNP Paribas...
Analytics & Forecasts
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Vasilii Apostolidi, 7 March 2016, 15:26 #usd/cad
Bullish Oil Bets Rise to New Record High Weekly futures and options data from InterContinental Exchange released today showed money managers increased their bullish bets on higher oil price to a new record...
Crude Oil
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Roberto Jacobs, 7 March 2016, 15:25
According to our economists, the February average hourly earnings data were likely impacted by calendar effects that boosted January average hourly earnings and biased February wage growth lower...
Analytics & Forecasts
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Vasilii Apostolidi, 7 March 2016, 15:25 #forex
EUR/USD Unable to Pick-up Pace EUR/USD made a tepid attempt to recover ground but failed to gather momentum and remained capped by the 1.0975 zone. EUR/USD retreated from Friday's peak and steadied around the 1.0950 level as investors continue to digest US employment data...
Currency
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Roberto Jacobs, 7 March 2016, 15:22
Our long position in #EURUSD from 1.0962 is in the market, at least for now. But the pair is declining, and the position may be closed soon. In any case, any possible development will not be a surprise for us. Find out more by checking out the Source Link...
AUD/USD Regains 0.7400 and Above The buying interest seems to have now returned to the Aussie dollar, sending AUD/USD through the 0.7400 handle. AUD/USD supported near 0.7390 Spot is extending last week’s strong rebound from the 0...
Currency
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Roberto Jacobs, 7 March 2016, 15:19
A long position in #USDJPY was closed with a loss on the red Alligator's line crossing. At the moment, we have two pending breakthrough orders. Overcoming of any of them will involve us to a new trading position. Find out more by checking out the Source Link...
EUR/JPY Off Lows, but on a Back Foot The EUR/JPY recovered from the daily low of 124.24 levels, but remains weak on the day around 124.47 (23.6% of 132.29-122.06). Weak stocks weigh European stocks are down almost 1% on the day and that is keeping the bid tone around the safe haven JPY intact...
Currency
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Roberto Jacobs, 7 March 2016, 14:53
Gold Analysis for March 07, 2016 Overview : Since our last analysis, gold has been trading upwards. As I expected, the price tested the level of $1,279.67. Anyway, in the daily time frame, I found a a supply bar (up thrust), which is a sign of weakness. Intraday buying at this stage looks risky...
Analytics & Forecasts
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Roberto Jacobs, 7 March 2016, 14:50 #gold
USD/CAD Intraday Technical Levels and Trading Recommendations for March 7, 2016 A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450...
Analytics & Forecasts
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Roberto Jacobs, 7 March 2016, 14:44
Dear Friends, This week we have below high impact news schedule which may be tradable. Wednesday, March – 9, 2016...
Analytics & Forecasts
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Pankaj D Costa, 7 March 2016, 13:56
Despite encouraging Australian growth data, UBS analyst team stays bearish on the AUD and still targets AUD/USD 0.68 on a three-month basis and 0.65 on a six and 12-month basis. They explain how the growth “miracle” looks a little different after scratching the surface...
Analytics & Forecasts
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Batur Asmazoglu, 7 March 2016, 13:51
In opinion of the research team at UOB Group, the pair remains poised for further consolidation in the next weeks. Key Quotes “USD traded sideways as expected with a range of 113.15/114.25 which is close to our expectation of 113.10/114.15...
Analytics & Forecasts
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Batur Asmazoglu, 7 March 2016, 13:43
Traders are treading cautiously this Monday morning after a rather clouding Non-farm Payrolls report and the Chinese National People’s Congress over the weekend set out a growth rate of 6.5% to 7.0% for the next year. Wall Street closing higher (S&P 500 up 0...
Analytics & Forecasts
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Francis Dogbe, 7 March 2016, 13:25 #Trading
Dear Traders, We welcome you to a new trading week. Before coming to this week's main risk event - the European Central Bank meeting on Thursday - let us briefly look back at last Friday's Non-Farm Payrolls report...
Analytics & Forecasts
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maimarfx, 7 March 2016, 13:21 #ECB, EUR/USD