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NZD/USD Drops Towards 200-DMA as Commodities Tumble The NZD/USD pair witnessed heavy sell-off over the last couple of hours as risk-sentiment deteriorated amid global sell-off. NZD/USD deflates from 0.6685 Currently, the NZD/USD pair trades -0.28% at 0.6656, having posted fresh session lows at 0...
Currency
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Roberto Jacobs, 15 March 2016, 07:40 #nzdusd
Weaker Greenback Leaves Door Open for the Fed - Scotiabank Derek Holt, Research Analyst at Scotiabank, suggests that there are thought to be two main impediments to the Fed hiking in the near-term including the higher odds of a hike this week than markets are pricing...
Currency
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Roberto Jacobs, 15 March 2016, 07:35
Daily Analysis of GBP/USD for March 15, 2016 GBP/USD seems to be trading inside a corrective move towards the support level of 1.4267, where a rebound should happen to resume the bullish bias. The H1 chart is still pointing to the upside and the pair can perform a breakout above the level of 1...
Analytics & Forecasts
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Roberto Jacobs, 15 March 2016, 07:27
Over the next three months or so, EUR trading will likely depend on three factors: i) efficacy of the ECB policy package, ii) external environment, especially Fed policy and risk sentiment, and iii) ECB willingness to ease further, including rate cuts, when necessary...
Analytics & Forecasts
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Francis Dogbe, 15 March 2016, 07:23
Euro After Draghi – Deutsche Bank George Saravelos, Strategist at Deutsche Bank, lists down their conclusions from last week’s ECB decisions on EUR/USD. Key Quotes “First, the near-term case for further EUR/USD downside has weakened...
Market News
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Roberto Jacobs, 15 March 2016, 07:19
Asian Stocks Drop on BOJ’s Status-quo, Commodities Sell-off The stocks on the Asian indices were hit by a renewed selling wave after the BOJ kept rates on-hold and hinted at no further easing at its monetary policy decision announced earlier on the day...
Market News
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Roberto Jacobs, 15 March 2016, 07:15
Global equity markets have increased their gains at the start of the week, with European indices closing between 0.3 to 1.6 per cent higher today. In the US, shares on Wall Street were trading higher at the time of this writing...
Analytics & Forecasts
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Francis Dogbe, 15 March 2016, 07:15 #Fed
Gradual EUR/USD Depreciation More Likely - Nomura Yujiro Goto, Research Analyst at Nomura, suggests that over the next three months or so, EUR trading will likely depend on three factors: i) efficacy of the ECB policy package, ii) external environment, especially Fed policy and risk sentiment, an...
Market News
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Roberto Jacobs, 15 March 2016, 07:03
BoJ Retains Interest Rate, Stimulus Unchanged The Bank of Japan refrained from raising its monetary stimulus and kept its negative interest rate unchanged on Tuesday...
Market News
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Roberto Jacobs, 15 March 2016, 06:22
NZ Dollar Slides Against Most Majors The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday. The NZ dollar fell to a 5-day low of 0.6644 against the U.S. dollar, from yesterday's closing value of 0.6673...
Currency
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Roberto Jacobs, 15 March 2016, 06:16
Australian Dollar Falls Against Majors The Australian dollar weakened against the other major currencies in the Asian session on Tuesday. The Australian dollar fell to 4-day lows of 0.7479 against the U.S. dollar, 85.04 against the yen and 1...
Currency
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Roberto Jacobs, 15 March 2016, 06:12
BoJ in 'Wait-and-See' Mode, Removes Negative Rates Language Following last month's surprising decision, today's Bank of Japan monetary policy meeting saw no changes, keeping the interest rate at -0.1% and maintaining 80 trln yen base money target...
Analytics & Forecasts
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Roberto Jacobs, 15 March 2016, 06:04
Gold Sits Near 2-Week Lows Around $ 1230, Fed in focus Gold futures on Comex extend the sell-off for the third consecutive day this Tuesday, and hovers near the lowest levels since March 2, as all eyes remain on the upcoming central banks’’ events globally...
Metals
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Roberto Jacobs, 15 March 2016, 05:53 #gold
AUD/USD Sellers in Control post-RBA minutes, Below 0.7500 The AUD/USD pair extends losses for the second straight session this Tuesday, moving further away from eight month tops reached the day earlier, after the RBA minutes was read a tad more dovish than expected...
Currency
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Roberto Jacobs, 15 March 2016, 05:34
BOJ Preview: What to Expect in USD/JPY? Most market participants are expecting the Bank of Japan to leave its monetary policy unchanged today, following the dramatic and unexpected decision to set a negative interest rate program in its last meeting...
Currency
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Roberto Jacobs, 15 March 2016, 05:31
USD/JPY: Yen Better Bid Heading into BOJ Decision The JPY bulls fought back complete control and now defend mild gains versus the greenback post-China open, with USD/JPY once again sold-off near 114 handle. USD/JPY drops sharply to 5-DMA at 113...
Currency
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Roberto Jacobs, 15 March 2016, 05:28
EURUSD Daily Forecast: March 15 2016 EURUSD Forecast The EURUSD had a bearish momentum yesterday bottomed at 1.1077. The bias is bearish in nearest term but as long as stays above 1.1065 price is still in a bullish phase targeting a trend line resistance located around 1...
Analytics & Forecasts
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Roberto Jacobs, 15 March 2016, 05:01
GBPUSD Daily Forecast: March 15 2016 GBPUSD Forecast The GBPUSD failed to continue its bullish momentum yesterday and hit 1.4271 earlier today. The bias is bearish in nearest term testing 1.1.4230. A clear break and daily close below that area could trigger further bearish pressure testing 1...
Analytics & Forecasts
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Roberto Jacobs, 15 March 2016, 04:59
USDJPY Daily Forecast: March 15 2016 USDJPY Forecast The USDJPY was indecisive yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term probably with a little bullish bias testing 114.50...
Analytics & Forecasts
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Roberto Jacobs, 15 March 2016, 04:55
USDCHF Daily Forecast: March 15 2016 USDCHF Forecast The USDCHF was corrected higher yesterday topped at 0.9881. The bias is neutral in nearest term probably with a little bullish bias testing 0.9930/50 but as long as stays below 1...
Analytics & Forecasts
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Roberto Jacobs, 15 March 2016, 04:53 #usdchf