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FXWIREPRO: USD/JPY Pauses Decline, Scope for Further Upside USD/JPY has paused its declined as positive pending home sales data released earlier in the US session limited the pairs downside. Further downside is expected to be limited as the pair finds strong support at 113...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 21:01
FXWIREPRO: Gold Retreats from Daily High, Outlook Bearish Gold has retreated after finding resistance at 1223 levels to trade around 1218 levels, erasing some earlier gains made in the US session...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:58 #gold
Yen Down on Two Main Counts - Scotiabank Analysts at Scotiabank ranked the Yen as an under performer. Key Quotes: "The JPY is the main under-performer on the day on better risk appetite (US equity futures) and PM Abe’s suggestion that his “three arrows” policy has corrected the strong JPY...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:56
According to analysts from Wells Fargo, the probability of a recession in the US, based on their preferred modes is about 25% over the next six months, the highest since the Great recession era. “Recent market volatility and data from the factory sector raise the question: Is the U.S...
Analytics & Forecasts
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Vasilii Apostolidi, 28 March 2016, 20:56 #forex
EUR/USD Trims Gains, Hovering Around 1.1200 EUR/USD moved off session highs during the last hours, as the US dollar recovered part of the lost ground across the board. Greenback dropped sharply earlier after US personal income and spending report...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:54
US Oil Exports in Decline - BBH Analysts at Brown Brothers Harriman recall that the US lifted its ban on oil exports in December, but explained it appears, however, that US oil exports have fallen rather than risen here at the start of 2016...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:51
GBP/USD Has Limited Upside Scope GBP/USD has no clear catalyst driving the price higher, except that there has been technical space to do so following last week's sharp sell off from the 1...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:49
USD/JPY Hunting Down Feb Highs on 115.0 Handle USD/JPY bulls have fought back in a strong rally, away from the March 17 multi-year low. We are now in positive territory, trading in the upper end of its range from mid-February...
Analytics & Forecasts
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Roberto Jacobs, 28 March 2016, 20:46
We’re heading into the close of the month / quarter this week and while we’ll want to stay nimble, the focus remains on the AUDUSD, USDCAD & GBPJPY setups highlighting last week. Keep in mind event risk is light ahead of Friday’s highly anticipated Non-Farm Payroll report...
Analytics & Forecasts
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Seth Dompreh, 28 March 2016, 20:42
Small traders hold their largest Australian dollar net long position since the April 2013 top at 1.1080. A multi-year high in net-long posi...Continue Reading...
Analytics & Forecasts
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Seth Dompreh, 28 March 2016, 20:34
The U.S. Dollar is at risk for further losses after reversing off near-term confluence resistance. Here are the updated targets & invalidation levels that matter. Continue Reading...
Analytics & Forecasts
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Seth Dompreh, 28 March 2016, 20:31
Currency investors should consider buying USD/JPY this week, advises Morgan Stanley in its weekly FX pick to clients. "We recommend buying USD/JPY with a target of 117.00 and a stop at 110.50. Our ARIA indicator points to stronger February US economic data...
Analytics & Forecasts
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Vasilii Apostolidi, 28 March 2016, 19:43 #usd/jpy
The Euro looks vulnerable to deeper losses after edging below trend line support guiding the upswing against the US Dollar since early March. Prices now look poised to probe below the 1.11 figure after producing a would-be double top near the 1.13 mark. Near-term support is at 1.1094, the 23...
Analytics & Forecasts
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Francis Dogbe, 28 March 2016, 18:22
We wrote on the RMB in early February, when fears over the potential for a large, one-off devaluation were at their peak...
It is a short week - at least for the world’s financial markets, if not for the rest of us. But the Easter break often sets the tone for global economic trends later in the year. After a disappointing opening to the year, the past five weeks have seen reasonable recovery in spirits...
Analytics & Forecasts
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Francis Dogbe, 28 March 2016, 17:06 #Trading
Oil enthusiasts haven’t been jumping on board the latest rally. As crude has soared 50 percent since Feb. 11, the number of bets on increased prices has barely budged. Instead, the upward pressure on prices appears to have come from traders cashing out of bearish wagers at an unprecedented pace...
Analytics & Forecasts
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Francis Dogbe, 28 March 2016, 17:02
After appearing to start the year on strong footing, it now seems like personal income and spending south of the border haven’t been all that strong after all. Both income and spending were weak in February, however revisions also wiped out just about all of the gains observed in January...
Analytics & Forecasts
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Vasilii Apostolidi, 28 March 2016, 16:38
Last week’s MoF data continued to signal strong appetite for foreign securities, with Japanese investors purchasing some JPY 2.3 trn in foreign dent on the week ended March 18, notes BNP Paribas...
Analytics & Forecasts
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Vasilii Apostolidi, 28 March 2016, 15:44
Individual markets are very specific in their behavior, so it is surprising how traders generalized one behavior for different markets. It is not only about biases like trending or ranging markets, but also impact of news on price and market...
Trading Systems
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Algofxsolution, 28 March 2016, 15:19
After a vertiginous fall, the USD/JPY tested its 111 support three times and remained capped at 115, forming a new consolidation phase...
Analytics & Forecasts
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Vasilii Apostolidi, 28 March 2016, 15:10 #usd/jpy