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Jane Foley, Senior FX strategist at Rabobank, lists down the IMM net speculators’ positioning as at 15 March 2016. EUR shorts have now increased for a third consecutive week suggesting that the dovish stance of the ECB is having an impact on the currency...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 11:41
Quotes of #Gold are close to the support line of the medium-term uptrend again. Given the current technical picture, a signal to buy may be formed here. But we can not ignore the fact that trading are going virtually at the resistance line of the long-term downward trend...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 21 March 2016, 11:40 #Trading
Global Macro Overview for 21/03/2016 In the USA, the Thomson Reuters/University of Michigan preliminary Consumer Confidence Index dropped to 90.0 points in March, down 1.7 points from a month before...
Analytics & Forecasts
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Roberto Jacobs, 21 March 2016, 11:40
Stock markets in Europe recovered early losses to trade positive as rise in banking shares overshadowed the losses in energy and mining shares. At the time of writing, Stoxx 50 index was up 0.60%. Stoxx 600 index was trading 0.5% higher as well. Germany’s DAX and France’s CAC were up 1% and 0...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 11:21
U.S. Dollar Rises Amid Risk Aversion The U.S. dollar strengthened against the other major currencies in the early European session on Monday amid risk aversion, as oil prices extended decline and China's central bank weakened the central parity rate of yuan by the most since January. The U.K...
Analytics & Forecasts
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Roberto Jacobs, 21 March 2016, 11:18
In what has been somewhat of a subdued morning, European bourses kicked off the week in negative territory albeit mildly so, with the usual culprits, material and energy names leading the losses for the majority of the morning...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 11:18 #ECB
Eurozone Current A/c Surplus Falls For Second Month Eurozone's current account surplus decreased for a second straight month in January, data from the European Central Bank showed Monday. The seasonally-and-working-day adjusted current account surplus dropped to EUR 25.4 billion from EUR 28...
Market News
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Roberto Jacobs, 21 March 2016, 11:16
Consumers Energy's seven oldest coal plants are shutting down by April 15 after serving Michigan for more than 60 years. Collectively, the plants - affectionately nicknamed the "Classic Seven" - are capable of generating nearly 1,000 megawatts of electricity. Only one other utility in the U.S...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 11:16
Lithuania Industrial Production Grows In February Lithuania's industrial production climbed notably in February from a year ago, figures from Statistics Lithuania showed Monday. Industrial production rose a working-day-adjusted 6.3 percent year-over-year in February...
Market News
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Roberto Jacobs, 21 March 2016, 11:13
A modest turnaround in equities, and this may give USD/JPY the push higher it needs, having been suppressed in the low 111.00’s after last week’s breach of the figure level lower down. NY managed to test the 111...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 11:12
GBP/USD Likely to Extend the Rebound to 1.4570 – UOB In view of the research team at UOB Group, the pair could see its upside extended towards 1.4570. Key Quotes “While the strong rally from the low of 1...
Analytics & Forecasts
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Roberto Jacobs, 21 March 2016, 11:11
Oil sharply down on the highs seen Friday, with WTI shedding $2.5 from the $41.20 peak seen. This has seen USD/CAD turn higher again, and after extending the recent lows to 1.2919, we are now in the upper 1.3000’s and threatening a move through 1.3100 and onto the highs from Thursday...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 11:10 #usd/cad
USD/CHF Potential Visit to 0.9799 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could attempt a bounce towards the 0.9800 handle. Key Quotes “USD/CHF last week sold off towards the 2015-2016 uptrend at .9635”...
Analytics & Forecasts
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Roberto Jacobs, 21 March 2016, 11:09 #usdchf
EUR/USD Dips Below Confluence of Fibo Support The common currency is losing grounds amid flat action in the European equities, with EUR/USD pair now trading below the confluence of Fibo level - 1.1257 (61.8% of 1.1714-1.0517) + 1.1253 (100% Fibo of 1.0517-1.1060-1.0711). Offered at 1...
Analytics & Forecasts
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Roberto Jacobs, 21 March 2016, 11:06
Analysis : Channel Down has broken through the resistance line at 18-Mar-16:00 2016 GMT. Possible bullish price movement forecast for the next 3 days towards 1.41. upporting Indicators : RSI below 40 Resistance Levels...
Charts
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Lahcene Ouled Moussa, 21 March 2016, 11:04
GBP/USD Weaker, Wobbles Around 1.4400 The sterling is losing the grip at the beginning of the week, now sending GBP/USD to the lower end of the range around the 1.4400 handle. GBP/USD gains capped around 1.4500 After reaching fresh highs above the 1...
Analytics & Forecasts
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Roberto Jacobs, 21 March 2016, 11:04
ECB governing council member Francois Villeroy de Galhau assured markets today the bank is ready to act with right instruments to meet the inflation target, but maintained there is a limit to how low negative rates can go...
Analytics & Forecasts
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Batur Asmazoglu, 21 March 2016, 10:59
Cristian Maggio, Head of Emerging Markets Strategy at TDS, suggests that they have taken an extra day and several deep breaths to assess the longer-term implications of last Wednesday’s FOMC...
Analytics & Forecasts
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Batur Asmazoglu, 21 March 2016, 10:56
Canadian Dollar, Oil Remain Near Highs for the Year The Canadian dollar and oil prices slipped in trading Friday, but remained near a three-month high. The loonie, which rose above 77 cents Thursday, was down one third of a cent to 76.78 cents US in late afternoon...
Market News
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Roberto Jacobs, 21 March 2016, 10:48
Kristoffer Lomholt, Analyst at Danske Bank, sees NOK appreciating further in the second half of the year...
Analytics & Forecasts
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Batur Asmazoglu, 21 March 2016, 10:47