Top trade idea for April 29th, 2016 – USD/JPY

Contrarian traders lead a miserable existence. Around half the time, their trading peers consider them eccentric. Some of the time they suffer as fools, and at times are cast as dangerous lunatics. This is the price of defying popular opinion. However, for a few days a month, or perhaps a …

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Europe Shrugs Off Fed and BoJ Disappointment

It’s been quite an eventful 12 hours for the markets and yet, European futures appear unaffected, with equity markets currently seen opening only slightly lower on Thursday. The biggest shock overnight came from the Bank of Japan which resisted the temptation to ease monetary policy further despite all of the …

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Gold Rises as Fed Holds Rates With no Hike in Sight

After three straight years of losses, analysts are finally prepared to say gold prices have found a bottom, with rising prices seen this year and next as concerns over the pace of U.S. monetary policy tightening fade. Gold analysts polled by Reuters have hiked their forecasts for the precious metal …

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Oil Price Stable After Some Profit Taking

Oil futures steadied after setting new 2016 highs on Thursday as traders locked in profits, though analysts said supply disruptions, strong investor appetite and a weakening dollar could push prices higher soon. Brent crude futures were trading at $47.21 per barrel at 1329 GMT, up 3 cents from their last …

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APAC Currency Corner – Disappointment reigns

USDJPY remains the primary focus after the pair fell off a cliff on the back of yesterday’s Bank of Japan inactivity while Yen buying dominated the stage. There was also subordinate interest in buying the Aussie in the BoJ aftermath. However, in late New York trade risk assets, including the …

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Gold Steady, Fed Rate Statement Next

Gold has posted slight gains on Wednesday, continuing the upward trend which has marked the past two daily sessions. Gold is trading at a spot price of $1248.13 an ounce in the North American session. On the release front, Pending Home Sales looked sharp, easily beating expectations with a gain of …

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US Crude Lower as Crude Inventories Beats Estimate

US crude futures have posted small gains on Wednesday, reversing the upward trend which marked the Tuesday session. US Crude is trading at $44.09 in the North American session. Brent Crude is trading at $45.93, as the Brent premium stands at $1.84. On the release front, today’s highlight is the Federal …

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D-Day For The FED: Now What?

Five things the markets are talking about. The Fed’s two-day conclave ends today with investors eagerly awaiting this afternoon’s statement (no press conference) for any sign of changes in the FOMC’s thinking on rates. Given that Fed officials have shown sensitivity to financial conditions, and that riskier assets such as …

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