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‘Printing money’ alone is unlikely to be able to weaken the euro – what’s necessary is a helping hand from the Fed or Brexit...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 18:57 #forex
Forecasts from Lloyds Bank are pricing a recovery in the pound to euro exchange rate to take us to above 1.30 by the time of the EU referendum. In a further to the idea that the British pound is undervalued against the euro we hear analysts at Lloyds Bank are forecasting a steady recovery to 1...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 18:33 #forex
Shockingly bad Chinese trade data overnight set a slightly risk-off tone to the European market open, after recent strength in commodity currencies, oil prices and equity indices... The data, which posted a 20...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 18:28 #forex
Calculated level for today: Support (S1 / S2 / S3 = 39,57 / 06 / 38.24) and resistance (R1 / R2 / R3 = 41,21 / 72 / 42.54). Key support levels (1st from 37.78 to 39.66 at the end of the day, the 2nd of 37.52 to 38.80...
Analytics & Forecasts
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oleksandr bilokon, 8 March 2016, 18:01
BoC stuck in wait-and-see mode We expect the Bank of Canada to hold the overnight rate at 0.50% at its March meeting, reiterating that the growth outlook is roughly in line with its latest MPR (monetary policy report...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 17:24 #forex
The ECB needs to surprise this week, not because of markets, but because – given the trend in core inflation – the existing policy mix is behind the curve...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 16:57 #ECB
The EUR/USD 4 hour chart shows the price breaking the 200 EMA which may see the price proceed to the previous high at 1.137. However, the RSI is at 67 which is fairly overbought which implies that the movement is running out of momentum...
Analytics & Forecasts
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Daniel Bancans, 8 March 2016, 16:11 #forex
The USD/CAD has been trading within a declining channel for the past few weeks. The price recently touched the support line and bounced off of it. It is showing a good long setup and looks to target the declining resistance line at 1...
Calculated data levels: Support (S1 / S2 / S3 = 113,26 / 09 / 112.82) and resistance (R1 / R2 / R3 = 113,81 / 98 / 114.26). Key resistance levels (1st from 113.68 to 1132.59 at the end of the day, the 2nd of 113.69 to 113.68). Last trading day the rate of breakdown humiliation channel up H4...
Analytics & Forecasts
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oleksandr bilokon, 8 March 2016, 15:40
The latest bounce in the iron ore price, which recently bounced close to its June 2015 highs, seems to best capture the improvement in the fundamental backdrop for AUD of late...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 15:37 #forex
Estimated level: Support (S1 / S2 / S3 = 0,9889 / 63/21), resistance (R1 / R2 / R3 = 0,9973 / 99 / 1.0041). Key resistance levels (1st from 0.9932 to 0.9944 late in the day, the 2nd of 0.9932 to 0.9969...
Analytics & Forecasts
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oleksandr bilokon, 8 March 2016, 15:32
The USD continues to struggle versus the funding currencies, with EURUSD holding above 1.10 and USDJPY hovering around 113, notes BNP Paribas...
The future of the EU–China trade relationship — one of the largest in the world — will be substantially impacted by a debate over whether China should be granted ‘market economy status’ (MES) this year...
Market News
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Francis Dogbe, 8 March 2016, 14:34 #China
The Australian and Canadian dollars stood at multi-month highs early on Tuesday in the wake of a rally in commodity prices, contrasting with a subdued performance in the greenback, euro and yen. The Aussie came within a whisker of 75 U.S cents, reaching a high not see since July...
Market News
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Francis Dogbe, 8 March 2016, 14:30
U.S lender Citibank forecast the European Central Bank (ECB) could surprise investors with a more aggressive banquet of easing than markets are currenctly pricing in...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 12:56 #EUR/USD
The Bank of England has announced that it will offer extra cash facilities to the UK’s banks around the time of the EU referendum. The move is clearly a demonstration by the bank that it is being proactive in its approach to the event. The bottom line? This is aimed at stopping a run on the bank...
GOLD: With GOLD continuing to hold on to its broader upside pressure, further strength is expected. It now looks to recapture the 1279.00 resistance zone. But note that if that level remains unbroken, a move lower could follow. On the downside, support comes in at the 1260...
Analytics & Forecasts
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FXTechstrategy Team, 8 March 2016, 12:52
EUR/USD Around 1.1020 on EMU Data The European currency keeps its daily gains vs. the dollar today, with EUR/USD hovering over the 1.1020/25 band so far...
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Roberto Jacobs, 8 March 2016, 12:37
Technical Analysis of USD/CHF for March 08, 2016 USD/CHF is expected to trade in line with a bearish outlook. The pair has struck against its major resistance at 1.0010, and is now turning downwards following yesterday's rallies...
Technical Analysis of NZD/USD for March 08, 2016 NZD/USD is expected to trade with a bullish bias above 0.6730. Trading at 0.6769, the pair remains in consolidation, but still holds above its key support at 0.6730, which is expected to limit any room downside...