Dobbin
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GBP/USD: Gains through 1.2640/1.2650 resistance needed to give Cable an additional lift from here – Scotiabank
GBP/USD holds support below 1.2600. Economists at Scotiabank analyze the pair’s outlook. Cable based around 1.2590/1.2600 Markets continue to reflect the expectation that the BoE will hold off until August before easing. Rate expectations are perhaps providing the GBP with a bit of a cushion against
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The current environment suggests a recovery in JPY remains strictly tied to US rates breaking lower – ING
The declining FX volatility may keep the Japanese Yen pressured by funding demand for carry trades, making USD/JPY even more reliant on a move in USD rates, economists at ING say. USD/JPY may retest the 152.00+ “verbal intervention” area in the short term The drop in FX volatility after last week’s
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Gold Price Analysis: A pullback in a bull trend
Gold price is vulnerable to a temporary pullback as indicators flash "sell". A Shooting Star Japanese candlestick pattern at the all-time-highs adds bearishness. A five wave Elliott Wave impulse move may have completed, further suggesting a deeper pullback on the horizon. Gold (XAG/USD) price is tra
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Oil retreats within an upward channel
Oil closed last week with minimal gains, settling just above $80 per barrel WTI. It appears that much of the commodity speculation has moved into cocoa, leaving oil at the mercy of longer trends. WTI has been trading in a bullish range since mid-December, and since the beginning of last week, a furt
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Australian Dollar stabilizes, consumer sentiment next
The Australian dollar has started the week with slight gains, after sliding 0.86% on Friday. In the European session, AUD/USD is trading at 0.6530, up 0.24%. PBoC move sends Aussie sharply lower The Australian dollar ended the week with sharp losses after China’s central bank set the daily fixing of
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Another tough week for Dollar bears – ING
Looking ahead in this holiday-shortened week, economists at ING expect a firm US inflation print on Friday. They analyze the US Dollar (USD) outlook. DXY can push up to the 105.00 area Friday is a public holiday in many parts of the world but still features the key release of the week, the US core P
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New Zealand Has NZ$218 Million Shortfall In February
New Zealand posted a merchandise trade deficit of NZ$218 million in February, Statistics New Zealand said on Friday. That beat forecasts for a shortfall of NZ$825 million following the downwardly revised NZ$1.089 billion in January (originally -NZ$976 million). Exports were worth NZ$5.89 billion, up
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GBP/USD: Dips to the low/mid 1.2700 area should find firm support – Scotiabank
GBP/USD trades slightly lower. Economists at Scotiabank analyze the pair’s outlook. The GBP rise appears to have stalled Spot gains extended through the low 1.2700 area on Wednesday to lift the near-term technical tone for the GBP. But the GBP rise appears to have stalled – and may be reversing – fr
Pull-up Update