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US: Focus will be on the ADP Employment – Deutsche Bank Research Team at Deutsche Bank, suggests that in the US the focus will be on the ADP employment change reading for March as a prelude for the Friday employment report, with market expectations currently sitting at 195k...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 13:21
Yellen’s speech today was consistent with the FOMC’s communication two weeks ago – dovish, if not a bit more so. It supported our more dovish stance than the consensus on rates...
Analytics & Forecasts
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Vasilii Apostolidi, 30 March 2016, 13:20 #Fed
Gold Surrenders Gains, Flirts with Hourly 200-MA Gold is threatening to drop below hourly 200-MA level of $1236.57 ahead of the data in the US, which could show private sector employment growth slowed in February. Gold to snap two-day winning streak...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 13:19 #gold
US: Yellen Manages to Up Her Dovishness Even Further - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the Fed Chair Yellen managing to escalate her dovish stance even further with comments yesterday that would make you wonder what it is that Chair Yellen knows that we all don’t...
Market News
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Roberto Jacobs, 30 March 2016, 13:17
XAU/USD: Risks for Economic Growth in the USA Yesterday’s speech by the head of the US fed Janet Yellen obviously disappointed market participants, as it indicated that chances of the interest rate increase in the USA in April are low...
Metals
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Roberto Jacobs, 30 March 2016, 13:11 #xauusd
Analytical Review of the Currency Pair GBP/USD Technical data of the currency pair: Previous closing: 1.4385; Daily range: 1.4369-1.4434; Opening: 1.4385...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 13:08
Euro Zone Sentiment Sours Despite Being captured Before Brussels Attack Euro Zone sentiment report showed confidence tilted despite additional stimulus from European Central Bank. Moreover the data were collected before recent terror attack on Brussels...
Market News
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Roberto Jacobs, 30 March 2016, 13:00
UK Gilts Rise As Yellen Hedges on Rates The United Kingdom 10-year gilts gained for second straight day on Wednesday amid following dovish comments made by the Federal Reserve Chair Janet Yellen...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 12:56
EUR/USD: Neutral: Increasing upside risk. As indicated yesterday, a move to 1.1280 would not be surprising (overnight high has been 1.1303). From here, this month and last month peak at 1.1342 and 1...
FXWIREPRO: GBP/USD Faces Strong Resistance Around 1.4480, Good to Sell on Rallies Major resistance – 1.4480 (trend line joining 1.4663 and 1.4474) Major support -1.4350 (55 day EMA) Cable has retreated after making a high of 1.4450 level. It is currently trading around 1.43925...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 12:53
#USDJPY has rebounded from the upper boundary of the horizontal channel down as a result of the cautious Yellen's speech. A #stochastic oscillator confirms the reversal and it is recommended to hold short positions. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 30 March 2016, 12:53 #Trading
Fed: On the Wings of a Dove - Investec Research Team at Investec, suggests that despite hawkish comments from various Federal Reserve members since the decidedly dovish FOMC statement earlier this month, Fed Chair Janet Yellen stuck to her dovish tone from the central bank meeting in a speech yes...
Market News
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Roberto Jacobs, 30 March 2016, 12:50 #Fed
Yellen's speech resulted in the increase of #Gold. #Quotes have already reached the upper limit of the current short-term downtrend channel. Here, due to the achievement of the important technical level, the situation may change. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 30 March 2016, 12:50 #Trading
AUD/USD: Buyers Clustered Around 0.7450 – Westpac In view of strategists at Westpac, buyers of the Aussie dollar could be clustered around the mid-0.7400s...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 12:48
German Inflation Likely to Snap Out of Negative Territory - TDS Research Team at TDS, notes that the regional German CPI data point to a positive print for the HICP release. Key Quotes “We had gone into the day flagging upside risks to the consensus of 0...
Market News
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Roberto Jacobs, 30 March 2016, 12:46
AUD/USD Upside Capped at 0.7700 The upside momentum around the Aussie dollar has faltered ahead of the 0.7700 handle today, with AUD/USD retreating towards the 0.7665/60 band...
Analytics & Forecasts
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Roberto Jacobs, 30 March 2016, 12:44
Economic Sentiment Tumbles for Eurozone - ING Bert Colijn, Research Analyst at ING, notes that the economic sentiment indicator for the Eurozone decreased by 0.9 points to 103 in March...
Market News
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Roberto Jacobs, 30 March 2016, 12:43
ECB's Weidmann Warns Against Brexit In an interview to Germany's Funke Mediengruppe, published via Reuters on Wednesday, ECB policymaker and Bundesbank President Jens Weidmann issued a warning against Britain’s exit from EU...
Market News
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Roberto Jacobs, 30 March 2016, 12:41
Brent prices backed off from the session highs as broad based USD selling appears to have run out of steam ahead of US ADP payrolls report release. Rejected at $39.81 Prices clocked a high of $39.81 largely on the back of USD selling in early Europe...
Analytics & Forecasts
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Batur Asmazoglu, 30 March 2016, 12:01
Eurozone Economic Confidence At 13-Month Low Eurozone economic sentiment fell to a 13-month low in March, survey results from the European Commission showed Wednesday. The economic sentiment index came in at 103 versus 103.9 in February. This was the lowest reading since February 2015...
Market News
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Roberto Jacobs, 30 March 2016, 12:00