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Greece Jan Current Account Deficit Widens Greece's current account deficit increased in January from a year ago, preliminary figures from the Bank of Greece showed Tuesday. The current account deficit widened to EUR 742.4 million in January from EUR 281...
Market News
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Roberto Jacobs, 22 March 2016, 12:19
Pound Falls Amid Risk Aversion Following Brussels Blasts The pound drifted lower against the other major currencies in European deals on Tuesday amid risk aversion, as investors became cautious after multiple explosions in Brussels left at least thirteen dead and thirty five injured...
Market News
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Roberto Jacobs, 22 March 2016, 12:16
Euro Falls After Brussels Explosions The euro weakened against most major currencies in the early European session on Tuesday, as investor sentiment dampened after multiple explosions in Brussels. The U.K.'s FTSE 100 index is currently down 0.55 percent or 33...
Market News
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Roberto Jacobs, 22 March 2016, 12:14
GBP/USD Hovers Below 50% Fibo GBP/USD avoided fresh sell-off despite weaker-than-expected UK CPI, but stays on a weak footing around 1.4284 (50% Fibo of post Fed rally). Supported by 38.2% Fibo The sell-off in Cable came to a halt around 1.4255 (38.2% of 1.3835-1...
Analytics & Forecasts
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Roberto Jacobs, 22 March 2016, 12:11
EUR/USD Extends the Rebound From 1.1190 After bottoming out in the proximity of 1.1180 earlier in the session, EUR/USD has pulled itself together and is now advancing above the 1.1200 handle...
Analytics & Forecasts
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Roberto Jacobs, 22 March 2016, 12:09
U.K. Inflation Stable At 0.3% U.K. inflation held steady in February and factory gate prices dropped less than expected, figures from the Office for National Statistics showed Tuesday. Consumer prices gained 0.3 percent in February from a year ago as seen in January...
Market News
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Roberto Jacobs, 22 March 2016, 12:05
UK House Price Inflation At 10-Month High: ONS British house price inflation accelerated at the start of the year to the highest level in ten months, figures from the Office for National Statistics showed Tuesday. The house price index climbed 7...
Market News
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Roberto Jacobs, 22 March 2016, 12:03
EUR/USD Breaks Major Support 1.1207, Decline Till 1.1100 Is Possible Major support – 1.12070 (trend line joining 1.12558 and 1.12355) Major intraday support – 1.1260 The pair has broken 1.12070 and declined till 1.1883 at the time of writing. It is currently trading around 1.12063...
Analytics & Forecasts
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Roberto Jacobs, 22 March 2016, 11:56
Eurozone Private Sector Gains Momentum In March The Eurozone private sector activity regained momentum in March as it expanded at the fastest pace since December, flash survey results from Markit showed Tuesday. The composite output index rose more-than-expected to 53.7 from 53.0 in February...
Market News
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Roberto Jacobs, 22 March 2016, 11:53
Euro Falls Against Most Majors The euro weakened against most major currencies in the early European session on Tuesday. The euro fell to more than a 2-week low of 1.0881 against the Swiss franc and a 6-day low of 1.1188 against the U.S. dollar, from early highs of 1.0914 and 1.1259, respectively...
Currency
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Roberto Jacobs, 22 March 2016, 11:51
EUR/JPY Prints Session Low Below 125.00 The EUR/JPY pair hit a low of 124.67 in Europe after the news of a terror attack in Brussels triggered a sell-off in EUR/USD and USD/JPY pair. Hovers above 125.00 The cross now trades around 125...
Analytics & Forecasts
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Roberto Jacobs, 22 March 2016, 11:48
Morten Helt, Senior Analyst at Danske Bank, sees the cross slipping towards 0.7300 in a year’s view. “Given the high uncertainty surrounding the EU referendum, we see risks skewed to the upside for EUR/GBP ahead of 23 June”...
Analytics & Forecasts
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Vasilii Apostolidi, 22 March 2016, 11:47 #eur/gbp
EUR/USD Now Focused on 1.1200 – UOB The research team at UOB Group has now turned its attention to a potential break below the 1.1200 key support. Key Quotes “While the price action after last Thursday’s peak of 1...
Analytics & Forecasts
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Roberto Jacobs, 22 March 2016, 11:46
UK CPI Misses Estimates in February The UK Office for National Statistics (ONS) data released today showed the inflation did not rise as fast as expected mainly on account of a drop in bicycle prices. The headline CPI rose 0.2% m/m and 0.3% y/y, both missing the consensus estimates...
Market News
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Roberto Jacobs, 22 March 2016, 11:42
GBP/USD Bounces Off 1.4250 on UK CPI The decline in the sterling seems to have found some support vs. the greenback around the mid-1.4200s, with GBP/USD rebounding towards 1.4285/80 band. GBP/USD bid after UK data The pair has managed to gather some traction after UK consumer prices have risen 0...
Currency
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Roberto Jacobs, 22 March 2016, 11:39
#EURUSD continued its downward retracement. At this moment the pair reached the support line of the current short-term uptrend, where the bulls may take retaliatory action. We will consider purchases from the #trend line if the corresponding signals are received from the #indicators...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 22 March 2016, 11:33 #Trading
Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the pair’s rebound could find resistance around 114.16. “USD/JPY’s daily RSI has not confirmed the new low at 110.67”...
Analytics & Forecasts
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Vasilii Apostolidi, 22 March 2016, 11:13 #usd/jpy
USDX Technical Analysis for March 22, 2016 The Dollar index remains in a bearish trend since early Decemeber of 2015. Price is making lower lows and lower highs. The short-term trend remains bearish while the longer-term trend is still neutral as price is trapped inside a trading range...
Gold Technical Analysis for March 22, 2016 Gold price has broken above the short-term bearish channel. Price remains in a sideways channel and could now be starting the final move higher towards $1,300...
Analytical Review of the Currency Pair USD/JPY Technical data of the currency pair: Previous closing: 111.95; Daily range: 111.68-112.20; Opening: 111.95...
Analytics & Forecasts
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Roberto Jacobs, 22 March 2016, 10:58