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GBP/USD Breaks Major Support 1.4250, Decline Till 1.4100 Is Possible Major resistance – 1.43200 (4H Kijun-Sen line) Major Support - 1.4250 The cable has made a high of 1.43215 and declined from that level. It is currently trading around 1.4328. The pair has broken major support and 1...
Analytics & Forecasts
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Roberto Jacobs, 5 April 2016, 10:17
European Stocks Drop, Dax down More Than 2% Bears are making their presence felt today across European bourses as slide in oil prices and Fed rate hike talk rattled bulls. At the time of writing, Stoxx 50 index was down 1.8%. Germany’s DAX was down 2.23%, followed by a 1...
Market News
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Roberto Jacobs, 5 April 2016, 10:15
USD/JPY has recently shown virtually little reaction to favorable factors such as BoJ easing or strong US indicators such as payrolls...
Analytics & Forecasts
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Vasilii Apostolidi, 5 April 2016, 10:11
According to the research team at UOB Group, the EUR’s upside momentum could have lost some traction. “EUR is holding on to its recent gains and at this stage, it is still unclear if it can move higher in a sustained manner in the days ahead”. “A close above 1...
Analytics & Forecasts
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Vasilii Apostolidi, 5 April 2016, 10:09 #EUR/USD
Stefan Koopman, Market Economist at Rabobank, notes that in a speech in Rome that mainly focused on the risks and costs of too-low inflation, ECB chief economist Peter Praet tried to inject another dose of dovishness into markets...
Analytics & Forecasts
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Vasilii Apostolidi, 5 April 2016, 09:55
David Tulk, Head of Global Macro Strategy at TDS, suggests that on the heels of two consecutive months of disappointing employment prints, the Canadian labour market likely recovered in March with a forecasted addition of 18k jobs...
Analytics & Forecasts
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Vasilii Apostolidi, 5 April 2016, 09:52
EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. EUR is holding on to its recent gains and at this stage, it is still unclear if it can move higher in a sustained manner in the days ahead. A close above 1...
AUD/USD Fades the Spike, Back Below 0.7600 The Aussie dollar is now losing the grip, prompting AUD/USD to return to the area of session lows in the 0.7565/60 band...
Analytics & Forecasts
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Roberto Jacobs, 5 April 2016, 09:46
Technical Analysis of NZD/USD for April 05, 2016 NZD/USD is expected to trade with a bearish bias. From a chartist view, the pair remains on the downside, capped by its declining 20-period and 50-period moving averages. The relatively strong index is mixed with bearish, calling for a new pullback...
Technical Analysis of GBP/JPY for April 05, 2016 GBP/JPY is expected to trade in a lower range as pair is under pressure. The pair has been capped by its descending 50-period moving average and remains under pressure...
Technical Analysis of Silver for April 05, 2016 Technical outlook and chart setups: Silver is seen to be trading at $15.10 levels at this moment, looking to reverse lower towards $14.50 levels at least before turning bullish again...
Technical Analysis of Gold for April 5, 2016 Gold price held above recent low yesterday at $1,207 but remains inside the bearish channel. A new higher high towards $1,300-$1,320 is not ruled out yet as a break above $1,250 will increase the chance of this happening...
Technical Analysis of EUR/USD for April 05, 2016 When the European market opens, the following economic news will be released: Retail Sales, m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, Spanish Services PMI, German Factory Orders, m/m...
Brent crude has broken below a key level, the low from 15 March at 38.32, taking it through the bottom end of a trend channel. Combined with sitting at the 100DMA at 37.24 and then potential to move below the 50DMA at 36.54, the technical setup for the oil market isn't looking great...
Analytics & Forecasts
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Batur Asmazoglu, 5 April 2016, 09:33
Technical Analysis of USD/JPY for April 05, 2016 In Asia, Japan will release data on the 10-year Bond Auction, Average Cash Earnings, y/y. The US will unveil some economic data such as IBD/TIPP Economic Optimism, JOLTS Job Openings, ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance...
EUR/JPY Drops to Lowest Since March 24th JPY bulls are on the rampage amid risk-off in the equities, courtesy of which the EUR/JPY cross has dropped to 125.70; lowest since March 24th. Offered below 50-DMA The offered tone gathered pace after the cross breached 50-DMA level of 126.72 in Asia...
Analytics & Forecasts
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Roberto Jacobs, 5 April 2016, 09:28
Market Movers for The Day – Danske Bank Research Team at Danske Bank, suggests that in the US, the most important release today is the ISM non-manufacturing index for March...
Market News
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Roberto Jacobs, 5 April 2016, 09:08
Fed’s Evans: Markets Pricing of Rate Hikes More Pessimistic Than Fed More comments hitting the wires from Chicago Fed President Evans, as he speaks in Hong Kong: Needs to be proactive and aggressive to get up to FED inflation targets Financial markets pricing of U.S...
Market News
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Roberto Jacobs, 5 April 2016, 09:06
Release of a Slew of Services PMIs Today - Rabobank Stefan Koopman, Market Economist at Rabobank, suggests that this morning will see the release of a slew of services PMIs. Key Quotes “At 9:15 CET, Spain will do the kick-off, then followed by Italy, France (final) and Germany (final...
Market News
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Roberto Jacobs, 5 April 2016, 09:04
FXWIREPRO: NZ IRS Yields Indicate RBNZ to Go Below Existing OCR NZD continues to trade well – in trade-weighted terms, it is at a 6m high. RBNZ has been puzzling in recent monetary policies...
Currency
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Roberto Jacobs, 5 April 2016, 09:00