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GBPUSD: Going Through a Consolidation Phase – Lloyds Bank Research Team at Lloyds Bank, suggests that the GBPUSD is currently in a consolidation phase over the 1.4375/65 support region. Key Quotes “The impulsive reversal, after spiking up to 1...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 07:21
Daily Recommendations on Major -EUR/USD DAILY MARKET OUTLOOK Update Time: 13 May 2016 04:18 GMT EUR/USD - 1.1373 Despite the single currency's strong rebound from Tuesday's low at 1.1359 to 1...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:49
USDCAD the Trade of the Day Hi Traders, With the latest US Oil inventories data showinglower supplies the Oil price has found a real base. The priceis not only comfortable with the $45-46 handle it’s starting to grind higher. We've had a nice technical break through 45...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:45
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with high risks associated. Upcoming – Japan – Bank of Japan (BOJ) Governor Kuroda is scheduled to speak at 3:30 GMT. Tertiary industry index will be released at 4:30 GMT...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:37
Asian Markets in Red, Gold Finds Support Above $1262 All the major Asian indices are trading on a lower note on the last working day of the week. On the other side, Gold fails to fall below $1260 marks and trading above $1266 marks...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:34
FxWirePro: ASX200 Struggles to Break Above 5380, Good to Sell on Rallies Major resistance - 5380 Major Support - 5300 ASX200 pares early gains made today and slightly declined till 5328 at the time of writing. It is currently trading at 5331...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:32
FxWirePro: Nikkei225 Struggles to Close Above 16800, Good to Sell on Rallies Major resistance - 16985 (100 day EMA) Major support - 16425 (10 day EMA) Nikkei index has declined yesterday after making a high of 16805 at the time of writing.It is currently trading around 16459...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:29
USD/JPY Soft and Loses the 109 Handle Before Key US Data USD/JPY has opened with some softness, losing the 109 handle and tha bas ethat it had made in late US early/Asia trade. The low so far has been 108.70 at time of writing. The pair was in a recovery from the lows of 108...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:27
AUD/JPY Faces Double Whammy Amid Risk-Off AUD/JPY fell back in the red and now extends further south during mid-Asia, as risk-off induced yen strength adds to the poor sentiment seen around the AUD/USD and weighs down on the cross. AUD/JPY recovers from 79.30 levels The AUD/JPY pair now drops -0...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:23
USD/JPY Drops Below 5-DMA as Nikkei Sinks Over 1% The deterioration of risk conditions in the Asian trades this session provided the much-needed respite to the JPY bulls, now pushing USD/JPY further below 109 handle...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:20
Gold Flat-Lined Below $ 1270, Eyes Worst Week Since March The gold bulls are seen fighting hard to regain control this Friday, having booked more than 1% loss the day earlier after the US dollar climbed across the board on hawkish Fed speaks...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:18 #gold
Asian Stocks Retreat Amid Risk-Aversion, US Data in Focus The Japanese indices remain the main laggard in the Asian session this Friday, leading the decline in its other Asian peers, while the Chinese stocks buck the downtrend and trade with moderate losses...
Market News
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Roberto Jacobs, 13 May 2016, 06:15
AUD/USD Breaks 0.73 Handle, Vulnerable to Further Losses AUD/USD is trading on a very heavy note during 'risk off' Asia today, with the exchange rate breaking through the 0.73 round number, resulting in a cascade of stop loss orders being tripped, taking the rate down towards 0.7285...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:13
NZD/USD Cracks 0.6800 on Risk-Off, Poor NZ Data The offered tone around the NZD gathered pace in the last hour, dragging NZD/USD to fresh daily lows below 0.68 handle, as risk-off moods intensified amid sharp declines in the Asian equities. NZD/USD fails once again near 0...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:12 #nzdusd
EURUSD Daily Forecast: May 13 2016 EURUSD Forecast The EURUSD had a moderate bearish momentum yesterday and hit 1.1366 earlier today...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:06
GBPUSD Daily Forecast: May 13 2016 GBPUSD Forecast The GBPUSD had another indecisive movement yesterday. Price attempted to push higher topped at 1.4530 but whipsawed to the downside and closed lower at 1.4447...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:05
USDJPY Daily Forecast: May 13 2016 USDJPY Forecast The USDJPY regained its bullish momentum yesterday topped at 109.39. The bias is bullish in nearest term testing 109.70 – 110.00 area. Immediate support is seen around 108.20...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:03
USDCHF Daily Forecast: May 13 2016 USDCHF Forecast The USDCHF was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 0.9795 key resistance. Immediate support is seen around 0.9650 followed by 0.9570...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 06:01 #usdchf
EUR/USD: We prefer to fade upticks towards resistance in the 1.1490 area. A move below our initial targets near 1.1360 would confirm downside traction towards 1.1300 and then the 1.1215 range lows. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
Bank of England Sidelined Waiting for Referendum - Danske Today the Bank of England, as expected kept rates and the asset purchase program unchanged. According to analysts from Danske Bank, the BoE will not do anything ahead of June 23 Brexit referendum...
Currency
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Roberto Jacobs, 12 May 2016, 20:12 #Bank of England