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EUR/GBP Slumps to 0.7750 on GBP-Buying The selling pressure around the single currency is picking up pace today, now sending EUR/GBP to test fresh lows in the mid-0.7700s. EUR/GBP down from 0.7850 The European cross is losing around a cent since overnight tops in the 0...
Currency
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Roberto Jacobs, 11 March 2016, 13:29
EUR/USD Extends the Drop to 1.1080 The selling mood is now gathering further steam around the shared currency, with EUR/USD testing the 1.1085/80 band. EUR/USD focus on 200-day sma? Spot accelerates its recent rejection from the 1...
Currency
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Roberto Jacobs, 11 March 2016, 13:24
EUR/USD Losing Altitude, Challenges 1.1100 The common currency is now facing further selling pressure, relegating EUR/USD to trade in the lower bound of the range near 1.1100 the figure. EUR/USD gains limited around 1...
Currency
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Roberto Jacobs, 11 March 2016, 13:22
AUD/USD Pops as Traders Ignore Iron Ore Price Slide The AUD/USD pair is sitting above 0.75 handle as markets ignored Iron ore futures in Singapore, which sank back toward $50 a metric ton. Bid above by 5-DMA The spot found bids above 5-DMA at 0.7470...
Currency
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Roberto Jacobs, 11 March 2016, 13:20
Intraday Technical Levels and Trading Recommendations for USD/CAD for March 11, 2016 A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450...
Analytics & Forecasts
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Roberto Jacobs, 11 March 2016, 13:07
Markets have confirmed what we suspected, the massive move higher witnessed in the wake of the ECB press conference was unjustified. The euro exchange rate complex has given up much of the gains made during and after the ECB press conference...
Analytics & Forecasts
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Vasilii Apostolidi, 11 March 2016, 13:04
Intraday Technical Levels and Trading Recommendations for GBP/USD for March 11, 2016 On January 21, after the GBP/USD pair moved below 1.4220, evident signs of a bullish recovery were expressed around 1.4075. Hence, previous weekly candlesticks closed above 1.4220 and 1.4360 again...
Analytics & Forecasts
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Roberto Jacobs, 11 March 2016, 13:02
Intraday Technical Levels and Trading Recommendations for EUR/USD for March 11, 2016 In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 and 1.2000 where historical bottoms had been previously set in July 2012 and June 2010...
Analytics & Forecasts
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Roberto Jacobs, 11 March 2016, 12:57
The single currency flew into space after Mario Draghi said at the yesterday's press conference that the regulator has no plans to further reduce the deposit rate. #EURUSD increasing looked especially dramatic after a wave of sales in response to the regulator's decisions...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 11 March 2016, 12:51 #Trading
#Gold was staying within borders of a rather gentle upward channel for a month. The ECB meeting and subsequent performances of Mario Draghi have resulted in a rather intensive growth to the upper border of this channel. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 11 March 2016, 12:48 #Trading
Research Team at ING, suggests that the next week is all about central banks, with a total of five key DM meetings taking place...
Analytics & Forecasts
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Batur Asmazoglu, 11 March 2016, 12:48
Dear Friends, Near about 2 years before gold trade was my favourite. That time I had earned good profit from gold trading. But I had spent more than 5 pips spread commission while trading in gold. I know, lot of traders are here who is trading in gold...
Analytics & Forecasts
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Pankaj D Costa, 11 March 2016, 12:26
Did Financial Markets Misunderstand ECB President Draghi...
Market News
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soubra2003, 11 March 2016, 12:04
Pivot Points-Hourly Last Updated: Mar 11, 2:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.10335 1.10629 1.1073 1.10923 1.11024 1.11217 1.11511 USD/JPY 113.447 113.627 113.705 113.807 113.885 113.987 114.167 GBP/USD 1.42277 1.42588 1.42722 1.42899 1.43033 1.4321 1.43521 USD/CHF 0.98428 0...
Market News
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soubra2003, 11 March 2016, 12:01
The ECB delivered significant easing measures on Thursday, lowering its depo rate by 10bp, cutting its refi rate by 5bp, increasing the run rate of asset purchases, adding scope to purchase corporate debt and announcing additional long-term repo operations...
Analytics & Forecasts
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Vasilii Apostolidi, 11 March 2016, 11:49 #EUR/USD
The ECB today announced that it was cutting the main refinancing rate by 5bp to 0%, cutting the marginal lending rate by 5bp to 0.25%, cutting the deposit facility rate by 10bp to -0...
Analytics & Forecasts
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Vasilii Apostolidi, 11 March 2016, 10:39
Analysis : Triangle has broken through the support line at 10-Mar-00:00 2016 GMT. Possible bearish price movement forecast for the next 3 days towards 73.957. Supporting Indicators : Downward sloping Moving Average Resistance Levels...
Charts
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Lahcene Ouled Moussa, 11 March 2016, 10:38
The euro has strengthened sharply following the ECB’s announcement of more aggressive easing, notes BTMU. "The counter intuitive reaction sends a bullish signal for the outlook for the euro in the near-term...
Analytics & Forecasts
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Vasilii Apostolidi, 11 March 2016, 10:37 #EUR/USD
Elevated inflation risks and a vulnerable ruble could force the CBR to stay on the sidelines at March 18th meet. The ruble has gained quite a bit since weakening to a record low of USD/RUB 85.9675 on January 21, and is currently trading at 70.7908 levels...
Analytics & Forecasts
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Batur Asmazoglu, 11 March 2016, 10:36
EUR/USD: Outlook turn bullish but upside likely limited to 1.1245. The strong overnight rally is accompanied by impulsive momentum and the outlook for EUR in the next 1 to 2 weeks has shifted to bullish from neutral. That said, it is very likely that we have seen a bulk of the move...