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Friday Funny: Cash Is King

17/05/2013 16:23

Is it Friday already??  Time for another funny to round off a somewhat turbulent week.    A man asks a trainer in the gym: "I want 2 impress that beautiful girl , which machine c »

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Loonie is Day's Biggest Loser After Inflation Plunge

17/05/2013 16:11

CAD is the day's worst performing currency after Canada's April inflation fell to 0.4% y/y from a 1.0% rise in March, posting the biggest decline since October 2009 reports Ashraf Laidi Core CPI also »

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Technical Analysis: FTSE China Broke 8130/50

17/05/2013 16:03

FTSE China held above 8030/60 & broke 8130/50 as we close in on the 100 day moving average at 8322. We should struggle here but a push higher then targets tough resistance at 8365/75. In fact fr »

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Cool Inflation Heats Up Commodities Play

17/05/2013 12:50

  • The Figures, the Fed and the Rally
  • Why Commodities and Not Equities?
  • Oil Gathers Momentum; are Gold and Silver to Follow?

Earlier this week I mentioned that U.S.inflation figures would dictate the Fed’s direction. Well, the inflation figures are now out and data shows that U.S.inflation fell below zero which is the »

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Technical Analysis:USD/CAD Rising Steadily Over Past Few Days

17/05/2013 12:20

  • USD/CAD Rises Inside 5th Primary Impulse Wave
  • Buy Target At 1.0300 and 1.0340
  • Powerful Support Zone Between 1.0050 And 1.0000

USD/CAD has been rising steadily over the last few days – continuing the currently forming primary upward impulse sequence from the September of last year. USD/CAD Rises Inside 5th Primary »

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Technical Analysis:S&P/TSX 60 Failed at 720/22 This Week

17/05/2013 07:49

S&P/TSX 60 failed at 720/22 this week as expected & we hit support at 712/11 where a low for the day was expected & we bottomed at 710.00. The outlook remains negative so any longs here toda »

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Hawkish Fed Comments Led To A Stampede In US Markets

17/05/2013 07:12

  • Awful US Data
  • Hawkish Talk From Fed Members
  • Crude Oil Bucked The Trend

European equities are set to open flat to marginally lower as a negative close in the US leaves traders eyeing up the exit door reports Jonathan Sudaria, a Dealer at Capital Spreads.  »

FXSNIP: GBP/USD Advised To Cover Longs

17/05/2013 07:07

Cable came higher as expected and virtually achieved the 1.5330 upside projected target reports Carol Harmer, Charmercharts.com We have fallen back to 1.5236, but the market is looking a little ove »

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Morning Forex Review: US Consumer Confidence Indicators Hold Significance

17/05/2013 06:50

  • US Consumer Confidence Indicator
  • Indicators Are Significant
  • UK House Price Index Out On Monday

A slow day today…Euroland construction output for March isn’t important enough for analysts to forecast it. A number of ECB officials are speaking today, including Coeure, Asmussen, Praet »

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AUD/USD Cracks Major Uptrend

16/05/2013 16:21

  • Is A Long Term Top Developing?
  • Japanese Q1 GDP Report Better Than Expected
  • Capital Outflow Main Driver For The Yen

Christopher Vecchio, Currency Analyst at DailyFX, comments: The commodity currency bloc continued its tumble versus the European currencies and the US Dollar overnight, with the Australian and New Ze »

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Technical Analysis: Nikkei Broke 14900 To Fill Gap

16/05/2013 15:28

Nikkei broke 14900/15000 to fill the gap at 15240 and came to a halt exactly. It is starting to look like we have run out of steam for this week. We could drift lower today to support at 14835,& »

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Greenback To Be Driven By Fed Member Talk

16/05/2013 13:16

  • Bullish USD This Morning
  • Euro Playing Catch Up
  • Choppy USD/JPY

Despite general US data thus far this week coming in a little softer, the Dollar retains a bid tone, as US risk markets keep on posting new highs despite much speculation on whether US$ may have ralli »

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Gold In Freefall, All Eyes On US Data

16/05/2013 12:00

  • Nikkei Ends Lower Despite Strong First Quarter Growth
  • Eurozone CPI Unrevised At 1.2%
  • Gold In Freefall Following Brief Retracement
  • Jobless Claims, Housing Data And Manu. Data In Focus in the US Session

Most European indices are in the red this morning, as investors continue the pattern of taking profits early in the session before buying the dips when the US opens reports Craig Erlam, Market Analyst »

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FXSNIP: AUD/USD Aussie Remains Below Parity

16/05/2013 10:05

For the 24 hours to 23:00 GMT, AUD rose marginally against the USD to close at 0.9897. However, the Aussie continued to remain below parity, after the Australian Treasurer, Wayne Swan stated earlier t »

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Technical Analysis: EUR/USD Another Day Of Weakness In The Euro

16/05/2013 08:42

Another day of weakness in the Euro...and once the trendline at 1.2960 broke sellers were back in the market reports Carol Harmer, CharmerCharts.com The second trendline at 1.2899 also failed to »

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Risk Assets Rallying On Trust And Hope

16/05/2013 07:55

  • Trust And Hope Pinned To The Banks
  • EURO Remains Under Pressure
  • JPY Facing A Perfect Storm

The rally in risk assets continues unabated, with equity markets continuing to post record highs  writes Mitul Kotecha. Trust And Hope Pinned To The Banks The fact that this is occurring in spi »

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Technical Analysis: S&P/TSX 60 Failed As Expected

16/05/2013 07:16

S&P/TSX 60 failed at 720/22 as expected & we hit support at 712/11 where a low for the day was expected & we bottomed at 710.40. The outlook remains negative so any longs here today need st »

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Morning Forex Review: How Many Fed Officials Does It Take To Spark An Inflation Debate?

16/05/2013 07:14

  • Final CPI Figure Released Today
  • US Jobless Claims
  • US Housing Data

Not much from Europe today; the Eurozone trade balance is expected to have fallen slightly in March to EUR 11.5bn from 12.0bn, but the FX market doesn’t get so excited about this indicator. Fin »

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EUROZONE: EU Growth Data Disappoints

15/05/2013 15:32

Eurozone GDP data is slumping across the board, with Christopher Vecchio, Daily FX anticipating the trend to continue without additional QE. “Another round of new 2013 highs for the Dow Jones F »

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AUD/USD Extended Its Weakness

15/05/2013 15:01

AUDUSD extended its weakness in the last few sessions within wave (iii) which can be counted now in five smaller waves writes Gregor Horvat, EX Forecast.   As such, support for current decline »

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Bank Of England Inflation Report: Justified Optimism?

15/05/2013 14:54

The Bank of England released its Inflation Report today and the figures are looking reasonably bright. Read what the experts had to say about it...... Richard Driver, Caxton FX Comments: ‘&r »

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Bow to the King- BoE Governor Ends With A Smile

15/05/2013 11:59

  • What Made The King Smile
  • Overall Growth Looks Brighter
  • Labour market surprise boosts GBP:

Bank of England Governor Mervyn King is well-known for his downbeat manner and fairly gloomy outlook on the UK economy, not so for his final Inflation Report. Maybe the thought of impending retirement »

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Nikkei Hit 14900/1500 Target

15/05/2013 11:18

Nikkei hit the 14900/15000 target & has broken higher as we now look to fill the gap at 15240 this week. Above here we then look for 15310/360 in this bull market. Look for support at 14902 toda »

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AUD/CAD Falling Sharply

15/05/2013 11:07

  • AUD/CAD falls in sharp C-wave correction toward parity
  • If parity holds - buy target at 1.0250
  • If the pair breaks below parity - sell target at 0.9750

AUD/CAD falls in sharp C-wave correction toward parity AUD/CAD has been recently falling sharply down inside the second corrective primary wave â‘¡ of the larger primary upward impulse sequence which »

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Gold: Gold Traded Lower Amid Strength In The US Dollar

15/05/2013 08:19

Gold prices traded lower by 0.39% against the USD in the 24 hour period ending 23:00GMT, at 1426.93 per ounce, as greenback strengthened against all of its major counter parts in yesterday’s ses »

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EUR/USD: Euro Continues To Trade Lower In The Asian Session

15/05/2013 07:52

For the 24 hours to 23:00 GMT, EUR declined 0.39% against the USD and closed at 1.2936, after German ZEW economic sentiment disappointed investors along with slowed down in inflation figures across th »

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Technical Analysis: S&P/TSX Held Above 715

15/05/2013 07:42

S&P/TSX 60 did hold above 715 for a retest of the 100 day moving average & last week’s high at 720/22. We are now very overbought so the topside should be limited but a break higher targets »

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Morning Forex Review: GDP Day!!- The News You Havent Been Waiting For

15/05/2013 07:23

  • Negative Q2 & Q3 Forecast
  • How Long Can You Hold A Long Position
  • The BofE Inflation Report Will Overshadow Unemployment Figures

The news you haven’t been waiting for… the sixth consecutive quarter of contraction in the Eurozone! Negative Q2 & Q3 Forecast And that’s not likely to be the end of it; the marke »

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Broker News: Saxo Launch Trade Navigator

14/05/2013 17:05

Saxo Bank provides trading insight through Trade Navigator Saxo Bank, the multi-asset online trading and investment specialist, has launched Trade Navigator on TradingFloor.com, a new trading tool th »

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Euro Tripped Up By A Slammed Aussie

14/05/2013 16:01

  • ECB Policy Makers Willing To Go It Alone
  • German ZEW Index Came In Largely UnChanged
  • North America Continues To Dance To Its Own Tune

The increase in the volume of commentary from Germany as to how uncomfortable they are becoming to ECB’s monetary policy stance is certainly more noticeable – Germany is clearly against fu »

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The European Bail-In And The EUR

14/05/2013 14:01

  • Could Government Plans Bite Them On The Bonds?
  • Rise In Yield Bonds Contibutes To The Decline in USD/JPY
  • Official Meanies Threaten The Sanctity Of Deposits

After a slow start in financial markets this week a couple of themes are emerging: the yen is rebounding and the euro is getting hit from comments coming out of  the Eurozone finance ministers me »

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Dollar Appetite, Faded Or Whetted?

14/05/2013 12:29

  • In Other Words, Investors Should Watch Out
  • So What’s The Story On The Fed Exit?
  • Is the Exit close?

Last week, statements made by Fed Chairman Ben Bernanke proved one of the most centralistic questions in the capital market, i.e. when will the Fed roll back its stimulus? Bernanke has warned against »

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FX SNIP: USDJPY Profit Taking As Predicted

14/05/2013 11:30

USDJPY unwinding an overbought position & experiencing profit taking as predicted. Look for a test of support at 100.90/80 & below here, 100.10/99.90. We should see the pair bottom out here »

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Market Summary: The Big Picture

14/05/2013 11:06

The Big Picture Eurozone economy on the forefront today. With the market already poised to buy dollars, a much better-than-expected US retail sales figure for April, boosted sentiment further and U »

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FXSNIP: GBP/USD Looking For The Market To Trade Higher

14/05/2013 09:02

Cable dipped below 1.5295 to 1.5280...but then has been back above here overnight. Let us see if we can hold the 1.5295/80 support today and if we can we look for the market to trade higher. A mo »

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Morning Forex Review: Part Two

14/05/2013 08:14

  • RICS Housing Balance Announced Tonight
  • Apathy Rules In Brussels
  • US Retail Sales for April  Are Out

Tomorrow brings normality back to the Economic calendar of events.   RCIS Housing Balance Announced Tonight But for today, we have no UK indicators out during London trading hours. The RICS hou »

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Technical Analysis: S&P/TSX 60 Tested Support

14/05/2013 07:05

S&P/TSX 60 did test support at 712/11 & made a low for the day as expected but any longs here need stops below 708.50 today for a test of the next support at 706/05. We meet the 200 day movi »

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Morning Forex Review: Can EUR/USD Maintain The Overnight Rebound?

14/05/2013 06:52

  • Things May Be Looking Up
  • Nothing Market Making From Brussels
  • US Sentiment Remains Weak

In the Eurozone, industrial production for March will be the number of the day. Things May Be Looking Up The market is expecting +0.5%  mom, a slight improvement from +0.4% in February, while t »

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EURUSD: German – US Yield Spread Approaches A Key Level

13/05/2013 17:39

At least in the short term, the yield spread between German Bunds and US Treasury yields seems to support a weaker EURUSD writes Kathleen Brooks, Research Director Forex.com. But beware; a key suppor »

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USD/JPY Loses Grip On ¥102.00

13/05/2013 16:40

Christopher Vecchio, Currency Analyst at DailyFX, comments: After explosive gains the past two days that saw the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) higher by approximately +1.50%, a sligh »

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Market Summary: GBP, EUR & USD

13/05/2013 12:45

  • Eagerly Awaiting Inflation Report on Weds
  • Payment Plan for Cyprus Discusssed This Afternoon
  • All Eyes On Positive News From The US

Another volatile trading session Friday in Europe left EUR/USD struggling with new selling pressure as the pair has started its decent down below 1.30. There has also been further negative news for Ch »

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EURUSD Technical Analysis-Uptrend

13/05/2013 11:46

Friday saw a test of the uptrend line at 1.2935 reports Carol Harmer, Charmercharts.com. Today this uptrend comes in at 1.2944 and already this has been the low...so you can see market participa »

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FX SNIP:GBP/USD: UK Trade Deficit Narrowed Less-Than-Expected in March

13/05/2013 09:04

On Friday, GBP fell 0.58% against the USD and closed at 1.5354 reports GCI Financial. In the UK, total trade deficit fell to £3.130 billion in March, from a revised £3.391 billion deficit »

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FX SNIP: EUR/JPY -Moving For 44 Weeks

13/05/2013 07:50

  • EUR/JPY breaks up into the price range 127.00 to 138.00
  • Buy target 138.00
  • Strong support at 127.00 and 120.00

EUR/JPY breaks up into the price range 127.00 to 138.00 EUR/JPY recently broke up inside the former price range lying between the price levels 138.00 and 127.00 in which the pair has been moving for »

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US Dollar Surges Through Key Levels

13/05/2013 07:00

  • Central Banks In The LimeLight
  • Japanese Policy Condoned
  • Caution on the USD

Demand for risky assets continues to strengthen as reflected in various indicators including my Risk Aversion Barometer writes Mitul Kotecha Central Banks In The LimeLight Central banks are providin »

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Morning Forex Review: Not Such A Manic Monday

13/05/2013 06:47

  • UK Housing Market Improvement
  • Bank Of France Sentiment Out
  • US Retail Sales For April- Improved Figs Expected

Last week’s data lull continues for one more day, and then we start a more normal calendar of events.   UK Housing Market Improvement We have no UK indicators out during London trading ho »

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Friday Funny: Daze Of The Week

10/05/2013 16:32

Its Friday again and its that time of the day to at least crack a little smile.... If its been a particularly stressfull week and your brain has completely turned to porridge, then check out this h »

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Falling Yen Prompts A Global SellOff

10/05/2013 16:15

  • All Eyes On The Yen
  • Bond Purchases
  • Next Phase Of Weakness

The Japanese Yen has fallen to its lowest level in the past four years amid bond data, prompting a widespread selloff and boosting currencies with highly-rated sovereigns like the US Dollar. Comments& »

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The Asian Markets Are Having All The Fun!

10/05/2013 11:43

  • Short Lived Short on the Aussie
  • No Stopping The Yen
  • Euro Riding The Optimism Wave

With Sterling and the Euro both stuck in rather dull trading ranges, versus each other and the Dollar, it seems to be the Asian markets that are having all the fun reports Senior Analysts at CMTrading »

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Sterling Poised To Outperform Euro

10/05/2013 09:55

  • Fundamental Changes On The Horizon
  • UK & Euro Austerity - Deeply Integrated
  • Changes Afoot For UK Economy

In some way almost everyone was affected by E.U. austerity; fortunately it seems that the bad times might finally be behind us now that there is real talk of halting austerity there. Fundamental Chan »

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Technical Analysis: EUR/CAD

10/05/2013 09:29

  • EUR/CAD to fall inside the 3rd intermediate downward impulse
  • Sell target at 1.3000
  • Strong resistance area between 1.3500 and 1.3600

EUR/CAD recently completed the clear weekly ABC correction to the primary downward impulse sequence from the start of 2009, which preceded it. EUR/CAD To Fall Inside The 3rd Intermediate Downwar »

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Gold Reacting Well

10/05/2013 09:21

Gold reacted well and down we came to 1453. now we have not yet come down to our 1445 target, but there is still la case for a lower Gold market especially as our technical indicators are st »

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Morning Forex Review: Germany-Factory Orders Up, Retail Sales Down? Go Figure...

10/05/2013 07:05

  • Visible UK Trade Deficit Expected To Narrow
  • More Fed Speak Today..
  • Big Chiefs Big Meet Tonight

How is it that German factory orders and industrial production were doing so well in March when retail sales were down? We may get the answer to that today when the country’s trade figures for t »

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Technical Analysis: Bund Recovery

10/05/2013 07:02

Bund recovered from a short term oversold position & just held above 145.80 for a move higher towards 146.27/29 but topped just below, at 146.23. Failure to hold above support at 145.80/77 s »

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GasOil: Holds Support

10/05/2013 06:55

Gasoil held support at 861/859 to retest the week’s high at 871/872. Above here today look for our next target at 875.25/876.25 but this is tough resistance & may be worth trying shorts wit »

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FXSNIP: EUR/USD Euro Reacted Well

10/05/2013 06:47

Euros reacted well...and we came crashing lower..Once 1.3045 broke we saw the sellers back in the market and 1.3010 was seen...Now we have corrected back to the first 23.6 Fib level , well n »

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Market Summary: Gold Under Pressure & RBOB Overbought

10/05/2013 06:37

Gold should come under pressure today & in to next week. RBOB gasoline very overbought - strong Fibonacci resistance at 289.50/291 which could hold a move higher - stops above the 100 day moving aver »

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Positive UK Data Surprises But "as you were" From The Old Lady!

09/05/2013 14:58

  • UK Industrial Production Rose By 0.7%
  • BofE Announcement
  • Focus on Sterlings Short Term Direction This Afternoon

     

Richard Wiltshire, ETX Capital reports on what has been a relatively dull and lacklustre market today. Sterling forex traders tried to drum up some enthusiasm for today’s data releases as »

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EURO Choked By Options, Awaits A Catalyst

09/05/2013 13:24

  • Active Currencies Down Under
  • Aussie Stronger Than Expected
  • Keeping Up With The Joneses

In FX, the antipodeans stole the show again overnight writes Dean Popplewell, Chief Currency Strategist, Oanda. Their respected currency enthusiasm has not been able to spill over into the Euro »

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FX SNIP: EUR/USD Euro Stopped at 75%Short Term Fib Level

09/05/2013 11:13

After breaking 1.3175 Euros stopped at the 76.4 % short term fib level and retreated reports Carol Harmer. At the moment, whilst we are staying below 1.3175 there is a good chance we can come lo »

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Gold Has Double Topped...

09/05/2013 09:42

Gold has Double Topped at the 61.8 Med term Fib and therefore we have every reason to believe we are going to trade a lot lower in this market. We are overbought on the daily charts and therefor »

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GBP facing resistance, CHF pressured

09/05/2013 08:05

  • GBP Will Take A Weaker Bias Against Both EUR/USD
  • FX Intervention by NZCB Shook Up The Kiwi
  • EUR/CHF Looks Set To Break 1.23495

The Bank of England is unlikely to provide much influence for GBP unless there is a change in monetary policy settings writes Mitul Kotecha GBP Will Take A Weaker Bias Against Both EUR/USD I th »

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Technical Analysis: Bunds Held Position

09/05/2013 07:55

Bund held support at 145.40/35 for the second day as we recover from a short term oversold position. We beat resistance at 145.80 & need to hold above here today for a move higher to 146.07, pos »

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Technical Analysis: RBOB Gasoline Edging Higher

09/05/2013 07:49

RBOB Gasoline is edging higher & may test the 200 day moving average at 288.85 today. Just above here we meet strong Fibonacci resistance at 289.50/291 so this area could hold a move higher. »

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Morning Forex Review: Bank of England Meeting Today- Will Anything Come Of It?

09/05/2013 07:34

  • Many Changes, Low Impact
  • UK Industrial Production for March
  • US Focus On Speeches

Another Bank of England meeting today…will anything come out of it? Data has improved slightly recently, particularly the PMIs (although “improved” encompasses “become less ba »

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Kiwi Likely To Fall Further

08/05/2013 16:15

  • Two Assailants Who Have Berated Their Currencies
  • Government Intervention? Whatever Next?!

The past several days have been marked by nothing short of disgust for the antipodean currencies, and in May the Australian and New Zealand Dollars have been the worst two performing majors versus the »

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Equity House Of Cards Continues To Get Higher

08/05/2013 13:59

  • FX Intervention Risk Rises
  • US Treasury Yields Could Run Into Wall Of Resistance
  • NZD And Scandi’s Run Into Giant Walls Of Money

FX is playing second fiddle to stock markets today writes Kathleen Brooks, Research Director Forex.com. If you are a trader who likes trends then equities are where the established trends are. Europe »

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The EURO Bull Is Being Eased Along

08/05/2013 12:19

  • Lack Of Intraday Data
  • China's Surprise Data
  • RBNZ Concerns Over Risk To Domestic Financial System

Dean Popplewell, Director of Currency Analysis and Research at Oanda is finding it difficult to get excited about this market, especially when investor forex enthusiasm seems to be waning. Lack »

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Technical Analysis: USD/JPY Rising Sharply

08/05/2013 10:45

  • USD/JPY moves inside 3rd primary impulse; forms daily Triangle
  • Buy target for Triangle breakout at 104 (intervening resistance at 100.00)
  • Sell target for Triangle breakout at 92.70 (intervening support at 97.00 and 96.00)

The USD/JPY has been rising sharply up inside the clear upward primary impulse sequence visible on the daily charts. USD/JPY moves inside 3rd primary impulse; forms daily Triangle The pair had previ »

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FX SNIP: USD/JPY- Get Ready For Big Movement

08/05/2013 09:17

Carol Harmer, Chief Analyst, Charmer Charts reports on a strong USD/JPY Pair. Yesterday our cross traded lower and then bounced off of the 129.00 level, a middle point between the 38.2% and 50% »

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Encouraging Trade Data from China; Too Good To Be True?

08/05/2013 09:15

  • Chinese Data Encouraging, Although Not Necessarily Reliable;
  • UK retail sales fall heavily in April due to earlier than normal Easter

Craig Erlam, Market Analyst, Alpari UK gives us his view on market movements today. Chinese Data Encouraging, Although Not Necessarily Reliable; European indices are expected to open around a quarte »

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FX SNIP: EUR/USD

08/05/2013 08:11

  • Disappointing French Economic Data
  • US Economy To Grow By More Than 3%
  • Strong Chinese Trade Data

For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3075, after German factory orders beat market expectations by rising a seasonally adjusted 2.2% (MoM) in March, from »

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Technical Analysis: Schatz Failed & Broke 110.75/74 Support

08/05/2013 07:38

Schatz failed at 110.79 resistance & broke 110.75/74 support. Below here we meet strong support at 110.70 which could hold the down side for today but a break targets 110.67/66 then 110.60/5 »

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Technical Analysis: GasOil Failed To Reach 875.25

08/05/2013 07:07

Gasoil beat 863/866 but failed to make it our next target of 875.25/876.25. If we reach here today this is tough resistance but any shorts need a stop above 878 as a break higher should fill the »

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Morning Forex Review: All Quiet On The Wednesday Front

08/05/2013 06:56

A very light calendar today with only one major indicator out. After yesterday’s surprisingly good German industrial orders figure, today’s German industrial production for March may be a »

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Aussie Plummets On RBA Rate Cut

07/05/2013 15:13

  • History In The Making
  • Timing Is Crucial
  • Further Aussie Weakening

Christopher Vecchio, Currency Analyst, Daily FX notes that the Reserve Bank of Austrailia’s decision to cut its key benchmark interest rate was rather unexpected by market participants and has s »

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EURO’s Zest For Loftier Heights

07/05/2013 12:34

  • AUD/USD
  • AUD/JPY
  • EUR/GBP

If we did not have the Aussies, the RBA, or Governor Glenn Stevens, this would have been another bland and boring market to be talking about  writes Director of Currency Analysis and Researc »

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Forecast For Sterling Today

07/05/2013 12:07

  • Sterling/Euro
  • Sterling/USD
  • Sterling/Australian Dollar

Richard Driver, Analyst at Caxton FX reports on Sterling movements today. It was good news all round on Friday, with UK Services PMI data and US non-farms both coming in above market expectations. Bo »

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Time For Caution On The Dax?

07/05/2013 09:45

  • Bulls & Bears Have Strong Cases
  • Technical Persective

After reaching fresh all-time highs on Monday the Dax has opened with a more cautious tone today, as the market pauses for breath at these dizzy heights writes Kathleen Brooks, Research Director, Fore »

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Technical Analysis: Yen at 100, Live or Let Die?

07/05/2013 09:17

  • USD/JPY Sit At 101
  • You Have Come A Long Way Baby
  • What Is Needed To Break The 100?

Though the last few weeks have been significant for the USD/JPY pair which has hovered in a tight band from 97-100, this week could be critical for Yen traders. USD/JPY Sit At 101 The 100 level does »

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Stocks Update: Gilts Plunged On Friday to 119.36

07/05/2013 07:03

Gilts held collapsed from 120.53 resistance last week & plunged a lot further than expected on Friday, breaking 119.82/77 support to reach 119.36. This level happens to be a 61.8% retracement&nb »

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Technical Analysis: GasOil Has Reached Strong Resistance

07/05/2013 06:57

Gasoil has reached strong resistance at 863/866. We did see the market top out here as expected & used this level as a selling opportunity but we need stops above 867 today for continued gai »

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Morning Forex Review: Draghi Comments Continue To Cause Uncertainty In The Eurozone

07/05/2013 06:54

  • German All Important Factory Orders
  • Industrial Production Likely To Continue To Slow
  • US Consumer Credit Figures Also Being Eyed Closely

The several Eurozone indicators due out today will be of particular interest to the market in light of yesterday’s comments by ECB President Draghi. He repeated what he said after last week&rsqu »

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Technical Analysis: GBP/NZD

06/05/2013 08:51

  • GBP/NZD continues major downtrend
  • Further downside likely toward 1.7700
  • Multiple resistances at 1.8500, 1.8730 and 1.9000

GBP/NZD continues to decline in accordance with the strong long-term downtrend visible on the daily and the weekly GBP/NZD charts. At the start of this year the pair broke down through the strong supp »

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Morning Forex Review: Manufacturing Sector Still In A Slump

06/05/2013 08:05

  • Eurozone World Composite PMIs
  • EU Retail Sales For March Forecast To Be Down

Today is a very quiet day for indicators. There are no indicators out of the US and the UK is on holiday, so that leaves the Eurozone, where the data is pretty thin. Final PMIs Are Potentia »

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Friday Funny: US Court Recorders

03/05/2013 18:30

There are many things each week that get that Forexspace office laughing out loud and today we have decided its time to share, with you, our loyal Forexspace members. As a perfect wind down from a bus »

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US Payrolls Brighten US Outlook

03/05/2013 15:06

A solid report out of the US today writes Kathleen Brooks of Forex.com   The Highlights of the US Data:   Details: 165k payrolls for April, upward revision to March number from 88k to »

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EXCLUSIVE Prediction:Craig Erlam, Market Analyst Alpari UK on today's NFP figure

03/05/2013 12:25

Craig Erlam, Market Analyst at Alpari UK gives us his predictions for the Non-Farm Payrolls figure due out today..... you heard it here first! »

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Silver Lining For Italian Equities

03/05/2013 11:16

  • Grim Outlook for European Economy
  • Sustained Bearish Momentum
  • ECB Policy And The Letta Government; a Silver Lining For Italian Equities

The ECB’s 0.25% rate cut that was announced yesterday came as no great surprise; many analysts argued it should have occurred months ago. Grim Outlook for European Economy In his speech which »

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Technical Analysis: EUR/AUD Continues Strong Downward Trend

03/05/2013 10:06

  • EUR/AUD completes primary ABC correction
  • Sell target at 1.2400
  • Close stop can be set above 1.2920

EUR/AUD is continuing the strong downtrend which is visible on multiple time-frame charts writes Dima Chernovolov. EUR/AUD completes primary ABC correction First of all, the pair is showing the stro »

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FX SNIP: USD Strengthened against JPY

03/05/2013 08:24

For the 24 hours to 23:00 GMT, the USD strengthened 0.82% against the JPY and closed at 97.95, as some positive economic data out of the US supported the greenback reports GCI Financial. Yesterday, i »

The Joke....

03/05/2013 07:04

The one about the two statisticians that go duck hunting........ One takes a shot at a duck and misses - 1 foot to the right. He takes another shot at the same duck - 1 foot to the left. The other o »

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Technical Analysis: S&P Held On At 1579/77

03/05/2013 06:57

S&P held on to good support at 1579/77 & bounced nicely & beat resistance at 1588/89 for yet another test of all time highs at 1594/96. Stops on shorts any shorts here are needed above 1597&nbsp »

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Technical Analysis: FTSE Up To 6432/42

03/05/2013 06:56

FTSE has held a range all week from 6365/55 up to 6432/42. Failure to break 6443/47 resistance today could see us at 6379/75 support then the lower end of the range at 6365/55. Stops on long »

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Morning Forex Review: Have You Heard The One About 2 Statisticians Who Go Duck Hunting?

03/05/2013 06:48

  • Prediction Is Almost Impossible
  • A Positive Suprise In Store?
  • Are Inflationary Pressures in Eurozone Easing?

The FOMC, the ECB, and now, rounding out the week, the NFP – non-farm payrolls for April. The consensus estimate on Bloomberg is +140k, up from +88k in March (+151k for private-sector payrolls). »

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Technical Analysis: Euro Stoxx Shot To 2708

03/05/2013 06:42

Euro Stoxx tested 2650 support & shot higher to 2708. Below 2687 we should test support at 2674. Longs here need a stop below 2663 for strong support at 2654/51. Exit shorts & try longs with »

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Fundamental Update: The ECB, The Pope & The Euro

02/05/2013 21:26

  • The Pope Tweets??...
  • Its A Chicken And Egg Situation
  • Something for everyone....

It’s not often that the Pope gets mentioned in an ECB press conference, but that is what happened today summises Kathleen Brooks, Research Director Forex.com  The Pope Tweets??... At his »

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After All That Its Business As Usual In The Eurozone

02/05/2013 15:34

Craig Erlam, Market Analyst at Alpari gives us his initial reaction to Mario Draghi's Press Conference following the ECB Rate Cut announcement.  Mario Draghi sparked a big reaction in the euro. »

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Draghi:"Do Not Unravel Progress"

02/05/2013 13:56

Draghi's it is crucial that eurozone governments do not "unravel" the progress made in reducing their borrowing needs. Watch the ECB Press Conference with Mario Draghi Live here: http://www.ecb.int/ »

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ECB Rate Cuts To A Record Low

02/05/2013 13:44

Richard Wiltshire, Chief Dealer FX, ETX Capital gives us his initial reaction to the ECB rate cuts: Rates were cut as anticipated and Euro has a knee jerk dip lower before rallying, although its only »

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FXSNIP: AUD Weakens Against The Dollar

02/05/2013 11:05

For the 24 hours to 23:00 GMT, AUD weakened 0.85% against the USD to close at 1.0283 report GCI Financial. LME Copper prices declined 2.8% or $198.50/MT to $6875.0/MT. Aluminium prices declined 3.1 »

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OMC Shifts The Debate

02/05/2013 10:53

  • Questions Over What Has Prompted Committee's Statement
  • Stock Market Continued to Fall
  • Spotlight on ECB

The FOMC made a small but significant adjustment in its statement, shifting the debate from whether or not to “taper off” quantitative easing (QE) to whether to increase it or taper it off »

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Technical Analysis: DAX Headed Higher

02/05/2013 10:49

Dax headed higher unexpectedly to reach the 7970 level. We should follow the US lower today & below 7896 support, look for 7873 then 7849/42. This is good support & we could see a bounce from he »

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Technical Analysis: EUR/USD Retested 1.3190/00 April Highs..

02/05/2013 07:36

EURUSD retested 1.3190/00 April highs & we suggested trying shorts here, adding up to 1.3230using stops above 1.3255 with the pair overbought in the short term now. The top was seen at1.3243 so this i »

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TECHNICAL ANALYSIS: Euro Stoxx Failed Again

02/05/2013 06:50

Euro Stoxx failed again at 2692/96 as predicted & we also held support at 2666/60 as expectedbut should continue lower today for 2650 then 2643. We could see a low for the day here but we need t »

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Morning Forex Review: ECB; Today is the Tomorrow You Worried About Yesterday

02/05/2013 06:43

  • Incoming Information to the ECB Has Been Uniformly Negative
  • Rate Cut Impact Would Be Limited
  • ECB's Possible Other Moves..

Yesterday was the Fed’s day in the spotlight; today it’s the ECB’s turn. I expect the ECB to cut the refi rates by 25 bps at today’s meeting (as do some 45 out of 70 economists »

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ECB Potential To Boost Credit For European SME's

01/05/2013 16:04

  • Rate Cut Dead Cert
  • Weakness in Germany
  • Market Forecast:  EURUSD& EURJPY

Kathleen Brooks, Research Director UK EMEA, Forex.com shares her views on the next all important 24 hours.  This Thursday 2nd May the European Central Bank (ECB) is scheduled to announce its lat »

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Pound Rallies Amidst Signs Of Growth

01/05/2013 13:18

  • Equity Markets Have Rallied & Consumer Confidence Has Risen
  • Unemployment In The Eurozone Continues To Head North
  • Sterling Faired Well, Increased Business Confidence

Economic data out yesterday was positive throughout most markets, completely opposite to the health of the real economies summises Amir Khan, Corporate FC Dealer at Currencies Direct. Equity Markets »

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Technical Analysis: NZD/JPY

01/05/2013 10:07

  • NZD/JPY Continues Strong Weekly Uptrend
  • Next Buy Target At 86.00
  • Protect Long Entries With Close Stop Below 80.00

NZD/JPY displays persistent bullish tone – rising steadily over the last few weeks and days inside the 3rd primary upward impulse wave of the larger weekly upward impulse sequence from the start »

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FX SNIP:EUR/USD Euro Trading Tad Lower In The Asian Session

01/05/2013 08:42

  • US PMI Drop
  • Record Highs for Eurozone Unemployment
  • EUR/USD Expected To Find Support at 1.3082

For the 24 hours to 23:00 GMT, EUR rose 0.57% against the USD and closed at 1.3168,  reports GCI Financial. US PMI Drop The greenback came under pressure as purchasing managers’ index (PM »

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TECHNICAL ANALYSIS: FTSE Failed At 6443/47

01/05/2013 07:34

FTSE failed at 6443/47 resistance to test support at 6379/75 which did just about see us bottomout as expected. However below 6369 today look for strong support at 6340/30 to try longs withstops below »

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Technical Analysis: Gas Oil Remains Under Pressure

01/05/2013 07:25

Gasoil could remain under pressure today & below 843.50 risks a test of 841/840 then 830/828support. If we continue lower we could retest 818/815 April lows but should look very oversoldin the short t »

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Morning Forex Review: All Eyes On The FOMC Decision

01/05/2013 07:13

  • Discussion around increasing Quantative Easing
  • Inflation Well Below Target
  • UK Manufacturing PMI Given Attention

The announcement of the day is not any economic indicator, but rather the FOMC decision. No one expects the Committee to change rates; the question is their view on the resilience of the economy, the »

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A 25-bps Rate Cut Could Boost The Euro

30/04/2013 17:09

  • A Gloomy Picture for Europe
  • Prediction Of A 25-bps Rate Cut
  • Good News for the Euro

Christopher Vecchio, Currency Analyst at Daily FX believes that the soft data out of Europe may trigger at least a 25-bps rate cut by the ECB and boost the euro as a result. A Gloomy Picture for Euro »

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COMMODITIES: Gold Bugs, Back From the Dead?

30/04/2013 14:00

  • Expected ECB Rate Cut
  • Optimism Not Uncalled For In Italy
  • Gold Bugs Are Back From the Dead

Lior Alkalay, gives us his views on why Gold will always be a sure thing. Expected ECB Rate Cut Investors are worried, there’s no doubt about it, especially as the week draws to a climax »

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VIDEO TECHNICAL ANALYSIS: AUD/USD

30/04/2013 12:59

Today Gregor Horvat looks at the AUD/USD. AUDUSD turned higher last week after a break through the trend-line connected from 1.0580 highs. As such, we are tracking a corrective recovery now in comple »

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Spreadex First Firm To Offer Bitcoin Trading

30/04/2013 11:12

The Bitcoin revolution has not escaped the industry, with major forex brokers now offering Bitcoin as a payment option and a trading currency. The first ( of many) to offer genuine leveraged trading o »

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FOREX INSIGHT:Focus on Fed before ECB

30/04/2013 09:49

  • Changes In Expectation On Fed Policy
  • Rise in Italian Stocks
  • Eurozone CPI Focus

Read the latest market insights from Marshall Gittler, Head of Global FX Strategy at IronFX Changes In Expectation On Fed Policy Changes in expectation on Fed policy are weighing on the dollar. Yest »

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FXSNIP:GBP/USD Pound Declines As UK Consumer Confidence Drops

30/04/2013 09:03

For the 24 hours to 23:00 GMT, GBP ended flat against the USD and closed at 1.5490 report GCI Financial. In the Asian session, at GMT0300, the pair is trading at 1.5484, with the GBP trading marginal »

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FXSNIP: EUR/USD Holding Resistance

30/04/2013 07:15

EURUSD holding resistance at 1.3120/40 but above here could allow another test of 1.3190/00highs. Try shorts here, adding up to 1.3230 with stops above 1.3255.We are getting overbought now in the shor »

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FUTURES UPDATE: Mini Dow Jones

30/04/2013 07:13

Mini Dow beat resistance at 14690/700 then failed just below all time highs at 14800/823. Weare overbought in the short term now so watch for a move below 14730/10 to target 14659. Belowhere then risk »

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MORNING FOREX REVIEW:Disappointing Data Gives ECB Room To Cut Rates

30/04/2013 07:10

  • Inflation Expected To Have Fallen
  • Eurozone Unemployment
  • US Consumer Confidence

The recent disappointing data has given the ECB enough reasons to cut rates; today’s CPI data should give the ECB room to cut rates. Inflation Expected To Have Fallen Inflation is expected to »

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FOREX INSIGHT: Could Germany Switch Dovish Side At The ECB?

29/04/2013 16:20

  • For and against an ECB rate cut
  • Could governments do the job of the ECB?
  • Waiting For Major Events Later This Week

This is the question as we lead up to the ECB meeting later this week, writes Kathleen Brooks, Research Directory at Forex.com. Today’s CPI data suggests that the Eurozone’s largest e »

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Forex Education: The Time Advantage with Smart Money Trend Trading

29/04/2013 14:29

“Time” is a paradox writes Zaheer Anwari from Smart Money Trading. It is something we all want plenty more of yet something we do not, at times, fully appreciate. This is very true for tho »

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Automated Trading: MQL5 Program

29/04/2013 13:40

Automated Forex Trading Robots - MQL5 Market The MQL5 Market is basically a service whereby MetaTrader 5 clients can purchase a wide range of ready-made applications that can be applied to the financ »

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FOREX INSIGHT: The Week Ahead

29/04/2013 12:13

 
  • Further Gains for the Pound Looking Likely
  • Calls For A Rate Cut In Europe
  • No Surprises Expected From The Federal Reserve


Phil McHugh,Trading Floor Manager at Currencies Direct give us his summary of market conditions.  Further Gains for the Pound Looking Likely Following UK GDP  coming in better than ex »

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COMMODITIES UPDATE: Gold

29/04/2013 11:02

On Friday Gold prices traded lower by 0.25% against the USD in the period ending 21:00GMT, at 1462.09 per ounce, as investor indulged in profit booking reports GCI Financial.  Over the weekend, »

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FX SNIP: USD/SGD

29/04/2013 09:49

  • USD/SGD Is Likely To Gain Downward Momentum
  • Resulting Downward Price Thrust

USD/SGD has been falling steadily in the last few days in line with the strong long-term downtrend that can be seen on the daily and the weekly USD/SGD charts. The pair recently completed the 2nd int »

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TECHNICAL ANALYSIS: FTSE

29/04/2013 08:00

FTSE should start to drift lower for a test of support at 6355/50 which held nicely on Friday anddid in fact mark the low. A break lower today however targets 6330/25 with a low for the daylikely. How »

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TECHNICAL ANALYSIS: Euro Stoxx

29/04/2013 07:31

Euro Stoxx looks over bought in the short term holding just above support at 2618/15 as expected. Further weakness could be seen today however so any longs need a stop below 2606 todayfor support at »

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Morning Forex Review: Only Second Tier Indicators for the Eurozone Today

29/04/2013 07:18

  • UK House Prices
  • Japanese Industrial Production Down
  • Slow Rise in US Expenditure

There are only second-tier indicators out for the Eurozone today. Several of the German Lander release their CPIs for April, as does Spain. Spanish retail sales are due out.  The final reading fo »

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FOREX INSIGHT: Big Week For The UK Economy

26/04/2013 16:00

  • GDP Outcome
  • How does the BoE read these figures?
  • Sterling Rallied Hard

The UK economy managed to escape a triple dip recession much to the surprise to some of the bears out there, posting a better-than-expected reading of 0.3% expansion in the first quarter of the year w »

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FOREX INSIGHT: AUD/USD Moves Sideways

26/04/2013 12:13

AUD/USD turned higher in the last few days after a break out of a falling trend-line. Thats an important evidence for a temporary low in place and deeper rally underway. With that said, we suspect th »

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FX SNIP: EUR/NZD

26/04/2013 11:18

  • EUR/NZD falls inside the 3rd impulse wave of the primary downward 5th impulse wave
  • Further losses likely toward 1.5080 and 1.5000
  • Strong combined resistance area around 1.5600

EUR/NZD is on its way to further losses after flashing multiple bearish signals over the last few days, weeks and months. The pair is currently moving inside the 3rd downward impulse wave of the larg »

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FX SNIP: USD/JPY

26/04/2013 09:12

GCI Financial reports on the latest USD/JPY position For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 99.36. In the Asian session, at GMT0300, the pair is tra »

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Commodities Update: Zinc

26/04/2013 07:14

Zinc continued higher as hoped to reach our 1933/37 target & carried on but could not reach1961. We have closed below 1933/37 as we look very over bought in the short term so there is arisk of a drift »

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Buoyant Economies Actually Full Of Holes

26/04/2013 07:00

  • UK GDP came in at the top
  • UK Economy -Near Miss
  • WTI Price Gain

European equities are set to ease slightly on the open following a modest pullback into close in the US as caution crept in ahead of today’s GDP figure and as Asian markets trade mixed,  wr »

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Morning Forex Review:Eurozone M3 Growth Is Forecast To Decline

26/04/2013 06:41

  • Does The ECB Still Care About The Monetary Aggregates?
  • US Q1 GDP Main Focus For Today
  • A Strong US Economy Usually Means Risk On

Eurozone M3 growth is forecast to decline to 3.0% yoy from 3.1% in March, with the more closely watched three-month average falling to 3.2% from 3.3%. Does The ECB Still Care About The Monetary Aggre »

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Technical Analysis: NZD/USD

25/04/2013 13:00

  • NZD/USD rises inside the 3rd impulse wave of the larger 3rd impulse wave
  • Next upward targets are 0.8680 and 0.8860
  • Close support at 0.8360 followed by 0.8200

 

NZD/USD started this session on a strongly bullish note following the yesterday’s conclusive close above the strong resistance level 0.8450 (which had previously reversed down multiple upward pr »

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Five Of The Best: Forex Trading Books

25/04/2013 11:15

When it comes to a marketplace as diverse and complex as foreign exchange, nobody should expect to become an expert overnight. As a trader, giving yourself a thorough forex education is a vital part o »

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Reaction to today's UK GDP Figures

25/04/2013 10:22

Alistair Cotton, senior analyst at Currencies Direct shares his reaction to today's UK Q1 GDP figures. “News of 0.3% GDP growth has sent sterling flying higher against the dollar and euro, movi »

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Commodities Update:Gold

25/04/2013 07:44

Spot Gold edged back up to 1428/34 & has pushed higher towards 1450. The outlook is morepositive if we hold above 1434 & if we make it through 1450 today look for 1469/70, possibly amove as far as 150 »

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Morning Forex Review: UK to announce Q1 GDP

25/04/2013 07:28

  • No Rethink of UK Fiscal Policy
  • Spanish Unemployment causes misery
  • Bank of Japan Monetary Policy Committee (MPC) meeting

The big news today is out of the UK, where Q1 GDP will be announced. Although Q1 is now history, the GDP figures will be closely watched to see if Britain has stumbled into a “triple dip” »

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Positive Response of the British Pound to BoE Decision

24/04/2013 16:08

The British Pound has responded positively to the Bank of England’s decision to extend the Funding for Lending Scheme and may continue the upward trend if 1Q GDP data shows improvements. Da »

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EUR Stabilizes Around 1.30 on Rate Cut Speculation

24/04/2013 13:47

Today's release of April IFO business climate fell to 104.4, worse than the expected rise to 106.2, while the current assessment index fell by more than expected to 107.2 from the »

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Technical Reports: SXF

24/04/2013 09:00

S&P/TSX 60 failed at 693/694 resistance yesterday and below 687 sees 684 then a retest of679/78 lows. A break of 676 then triggers the next leg lower to target 670.30.Resistance at 693/694 could hold »

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USD/CAD: Canadian retail sales increased in February

24/04/2013 08:35

GCI Financial reports on the latest USD/CAD position; For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD to close at 1.0271. The Canadian Dollar fell after economic data from Europe an »

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Metals Update:Copper

24/04/2013 07:28

Copper broke Friday’s low of 6875 but recovered quickly from 6775/65. We keep spiking upwhen we test the 6815/6765 area so there are obvious buyers at these levels. However it looksincreasingly »

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Morning Forex Review: IFO Index Brings Low Expectations

24/04/2013 07:08

  • Disappointing German PMI
  • Belgium Business Confidence Index
  • US Durable Goods Orders

The Ifo index is the big one out today. It’s expected to be down all around for the second month in a row:  the business climate index is expected to fall to 106.2 from 106.7, the current a »

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USD/JPY Boosted By Chinese PMI Drop

23/04/2013 17:21

The US Dollar and Japanese Yen rise on the back of disappointing Chinese PMI data while Chistopher Vecchio believes that Chinese economic growth may be slow for the year.  Over the weekend, we h »

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Technical Analysis: EUR/USD

23/04/2013 14:29

  • EUR/USD falls after failing to break above 1.3200
  • Further downside likely toward 1.2700
  • If 1.3200 is broken look for the price to rise towards 1.3800

Forexspace welcomes our newest contributor Dima Chernovolov, Experienced Forex Analyst and his views on EUR/USD. EUR/USD continues to decline after the recent failure to break up above the combined r »

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Five Mobile Finance Trends on the Rise in 2013

23/04/2013 10:57

  • Cashless Payments
  • Social Media for Investors
  • Currency Trading

OANDA, a global provider of innovative FX trading services, predicts five mobile finance trends for 2013. From travel budgeting to currency trading to the concept of a cashless society, a number of m »

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Commodities:Spot Gold

23/04/2013 07:59

Spot Gold beat resistance at 1391/1401 to hit our next target of 1428/34. We did expect a highfor the bounce here to try shorts with stops on shorts needed above 1450. So far we have toppedat 1439 so »

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Momentum loss for EUR; JPN Fails 100, AUD Bearish

23/04/2013 06:56

  • EuroZome PMIs
  • JPY Not Breaking 100 Barrier
  • AUD Bearish

EUR/USD is losing some upside momentum, with the currency pair likely to be more constrained in the days ahead writes Econometers Mitul Kotecha. Weak April Eurozone purchasing managers’ indices »

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Metals Update: Lead

23/04/2013 06:48

Lead tested & held Oct lows at 1979 last week & we made it to our target of 2046/47 yesterday.  We expected to hit sellers here & top out for the day & as predicted the high was 2045. That lo »

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Morning Forex Review: Big day for Indicators

23/04/2013 06:00

  • Global Manufacturing PMI's
  • US Home Sales Provide Some Good News
  • UK Public Sector Net Borrowing

Today is the big day for indicators:  the flash manufacturing PMIs come out around the world. First China, then the Eurozone, then the US. (The UK will be announced next week.) The divergence bet »

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Italian Election Not Necessarily Positive

22/04/2013 16:56

  • Italian Election
  • Chinas' Big Statements
  • USD/JPN Advance

Christopher Vecchio believes that the Italian presidential election has solved little for Italy and the euro with a difficult road ahead while in Asia, Yen approaches ¥100.00. Christopher Vecchio »

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Technical Analysis: S&P 500 Could Fall Through 1530 Support While Market Trades Below 1597

22/04/2013 16:44

S&P500 fell sharply last week from 1597 and found support around 1536 from where we have seen 20 point rally on Friday. Notice that market reversed from swings lows made in early April, so it seems th »

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The Currency Wars Are Over

22/04/2013 13:11

  • Monetary Policy to foster recovery
  • Praise for Japan
  • US Inflation Index Released

At the G20 meeting, FX was not the contentious topic it had been, reports Marshall Gittler, Head of Global FX Strategy at IronFX.  The section in the communique about FX policy was basicall »

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UKs Credit Rating Lowered

22/04/2013 10:53

  • UK Credit Rating Lowered
  • GBP outlook 
  • Quiet week in the Eurozone

Currencies Directs, Ashley Skinner updates us on the G20 Summit outcomes. As the G20 summit came to a close on Friday we saw the confirmation, again, that Japan is well within its rights to continue »

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Aluminium Forecast

22/04/2013 08:13

Aluminium last week pierced the 3 year trend line at 1827 but bounced quickly from 1818 & weexpected this to mark the low for the 2 month sell off. We could see some weakness at the startof this week »

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Morning Forex Review: Consumer (lack of ) Confidence in the EuroZone

22/04/2013 07:38

  • Eurozone Consumer Confidence low
  • US Existing Home Sales
  • BofE Speech in Paris

This week gets off to a slow start, with a lot of talk but not that many numbers to wrap your heads around. In the Eurozone, consumer confidence is the only potentially market-moving indicator. Consu »

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Golden Opportunities - After The Bubble Has Burst

19/04/2013 12:14

This is our third release from The Real Asset Report. Here we take a look at how, despite calls that the gold bubble is finished, the whole world is still talking about buying gold, says Jan Skoyles. »

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GBP/USD: Mild Bounce For Sterling, But A Soft End To The Week Ahead

19/04/2013 10:15

Forexspace.com (LONDON) – With little of interest on economic calendars today, investors are left to eye the G20 and IMF meetings for potential trading cues. After yesterday’s downbeat re »

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IMF Stance Heaps More Pressure On Osborne

19/04/2013 09:36

Recent comments from the IMF that Britain should rethink its austerity policies bring it into direct opposition to the Chancellor George Osborne’s current stance that fiscal tightening is here t »

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AUD/USD: Aussie Grinding Higher This Morning

19/04/2013 08:24

For the 24 hours to 23:00 GMT, AUD fell marginally against the USD to close at 1.0295. LME Copper prices declined 1.5% or $104.5/MT to $6962.5/MT. Aluminium prices rose 1.0% or $18.5/MT to $1874.0/MT »

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EUR/USD: Downbeat US Data Weighs On The Greenback

19/04/2013 08:15

For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3053, as Spain’s treasury successfully sold debt with the yield on ten-year bond slipping to the lowest level since »

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Morning Forex Review: Light Data Day Leaves Time For Light Lunch

19/04/2013 07:58

You can take your eyes off the screen and go out for lunch today as only second-tier data is due out. Connoisseurs of inflation numbers will want to look at German producer prices, which are expected »

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Weidmann: Wide Of The Mark Or On The Button?

18/04/2013 15:35

The euro rapidly gave up the optimism it had discovered of late (particularly during the rally of Tuesday and Wednesday) after yesterday's Weidmann comments and a general “risk off” safe h »

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VIDEO: How To Choose An FX Trading Platform

18/04/2013 13:54

Bertie Stemp, FX and CFD Sales Executive at FXCM, highlights the key factors to consider when choosing an FX trading platform. For more interviews and with some of the industry's leading experts, c »

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TECHNICAL ANALYSIS: USD/JPY - Sell Off Underway

18/04/2013 13:23

USD/JPY did sell off as expected, towards 95.49/38 where we predicted a bounce & the low was just above here at 95.80. We have seen a good move higher to face resistance at 98.35/45 but abov »

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TECHNICAL ANALYSIS: EUR/USD - Failed To Reach 1.3228

18/04/2013 12:04

EUR/USD failed to reach 1.3228 & tumbled to our target of 1.3028. We bought here with stops below 1.2975 & this is working so far but we need to take quick profits as a break lower looks possible »

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Less Bullish SEK Outlook After Dovish Riksbank

18/04/2013 10:45

Considerable downward revisions to the rate path by the Riksbank yesterday came as a surprise to us and have made us change the short-term outlook for monetary policy, write Carl Hammer and Richard Fa »

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Pound Hit By Higher Unemployment

18/04/2013 09:47

Phil McHugh, Trading Floor Manager at Currencies Direct, reflects on a bad day for the pound.  It was a bad start to the day yesterday for the pound after it was confirmed that UK unemploym »

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USD/CAD: Loonie Retreated After BoC Growth Slash

18/04/2013 09:33

For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CAD to close at 1.0265. The Loonie came under pressure after the Bank of Canada’s (BoC) monetary policy committee voted to maintain »

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GBP/USD: Sterling Weighed By UK Unemployment Data, BoE Up Slightly This Morning

18/04/2013 08:10

For the 24 hours to 23:00 GMT, GBP fell 0.74% against the USD and closed at 1.5245, the Bank of England’s (BoE) policy makers continued to remain divided for further asset purchases as the lates »

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Morning Forex Review: US Jobless Claims Could Restore Faith

18/04/2013 08:04

  • Jobless Claims Eyed For US Recovery
  • Low Expectations For UK Retail Sales 
  • G20 Meet In Washington

In the US, today’s initial jobless claims will be scrutinized to see if last week’s improvement continues. This week’s figure is particularly important as it covers the survey period »

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US Dollar Rallies On Weaker Sentiment

17/04/2013 16:35

Christopher Vecchio, currency analyst at DailyFX, believes that the reason for the rise of the US Dollar is falling investor confidence, while noting BoE April minutes and German 10-year note auction »

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BoE Minutes Revives Sterling Bears

17/04/2013 10:38

GB Apr BoE Meeting Minutes – 6-3 MPC vote in favour of keeping QE total at £375bn, 9-0 vote to keep interest rates at 0.5% GB Feb Average Earnings (3m-y/y) 0.8%, Fcast 1.2%, Prev 1.2% »

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USD/JPY: Trading Above MA's

17/04/2013 08:16

For the 24 hours to 23:00 GMT, the USD strengthened 0.84 percent against the JPY and closed at 97.62. In the Asian session, at GMT0300, the pair is trading at 98.15, with the USD trading 0.54 percent »

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TECHNICAL ANALYSIS: Oil Roundup - 17.04.13

17/04/2013 08:12

WTI Crude collapsed all the way to 86.12 where we predicted a low for the heavy losses experienced in April. We made it to our 88.83 target & as expected we could not improve on this level. However fu »

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Morning Forex Review: Markets Eye Up Central Bank Policy

17/04/2013 07:58

  • Spotlight On Central Bank Policy
  • Swedish Gov Still Sanguine About The SEK?
  • BoE Minutes Could Reveal MPC Direction

The spotlight today will be on central bank policy. No one is expecting any change in rates or in overall policy; rather, the emphasis will be on the nuance of policy and what further clarity the cent »

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TECHNICAL ANALYSIS: USD/JPY - Closing In On Resistance At 98.20

16/04/2013 15:27

USD/JPY reached our target of 97.19 & then broke 96.44/34 but bounced above excellent short term support at 95.49/38. We now closing in on resistance at 98.20/10 & we could break above here »

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VIDEO: Daily FX Instructor Faces Our QUICKFIRE QUESTIONS!

16/04/2013 14:16

From worst habits to top tips, James Stanley, Trading Instructor at Daily FX, faces our quickfire questions! For more interviews and with some of the industry's leading experts, check out the full »

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All Quiet On The FX Front

16/04/2013 11:18

For years we have argued that currencies enjoying strong fundamentals and slightly higher bond yields, such as commodity and Scandinavian currencies should benefit from portfolio inflows, writes Karl »

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Gold Battered By 'Risk Off' Winds

16/04/2013 10:21

A disappointing session for risk assets yesterday threatens to advance further, writes Philip Ryan, Corporate FX Trader at Currencies Direct. Weaker-than-expected data from China and the US »

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Gold Prices Plummet - What Can We Expect Today?

16/04/2013 09:15

Gold prices touched a two-year low yesterday, as downbeat data from the US and China reinvigorated fears of a global growth slowdown. Gold fell 8.5 percent and silver was down 14.5 percent as th »

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TECHNICAL ANALYSIS: Brent Crude - Broken 4-Year Support

16/04/2013 08:25

Brent Crude broke huge support from a 4 year trend line at 100.84 & we collapsed again to the lower target of 97.90/70. This is 200 week MA support & we do look over sold in the short term. We are he »

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EUR/USD: Euro Hit By Downbeat US Data

16/04/2013 08:10

For the 24 hours to 23:00 GMT, EUR declined 0.33 percent against the USD and closed at 1.3053, as weak US economic data dented investor sentiment. In the US, the Empire State manufacturing index dropp »

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Morning Forex Review: Risk Appetite Takes A Hit As Growth Stagnates

16/04/2013 08:03

Yesterday’s weaker-than-expected data from the US – an Empire State manufacturing survey and National Association of Homebuilders index below both the previous month and below expectations »

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Is Confidence Returning To The UK Economy?

15/04/2013 16:17

  • 90% of respondents plan to invest in the UK in tax year 2013 / 2014
  • Two thirds plan to invest in an Investment ISA this tax year
  • A third will invest a lump sum at the start of the tax year

As the new tax year begins, confident investors are wasting no time taking advantage of their tax-free ISA allowance, and are backing the UK for returns, according to new research from Barclays Stockb »

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Euro Struggling With Asia Stuck In 'Growth Rut'

15/04/2013 15:52

EUR/USD has continued to lose ground throughout Monday trading, as risk appetite remains damaged by a downbeat growth report from China. Christopher Vecchio, Currency Analyst at DailyFX, believes that »

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Gold Bears Mission Accomplished: Is the EUR next?

15/04/2013 12:10

Reports revealing that China's growth is losing momentum are a blow to risk asset prices this Monday morning. Weaker than expected Chinese Q1 GDP growth of +7.7%, y/y (+8.0% expected), combined with t »

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EUR/USD: Moving Sideways

15/04/2013 11:21

The EUR/USD was moving sideways on early trading Monday morning. The pair is close to the key resistance area defined by 1.3107 (15/03/2013 high, see also 38.2% retracement of the decline from 1.3711 »

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GBP/USD: Weighed Down By Chinese, US Data

15/04/2013 10:30

Forexspace.com (LONDON) - The GBP/USD continued to struggle Monday morning, with uncertainties over the US labour market and China’s growth weighing on sentiment. Currently trading 1.5138, down »

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TECHNICAL ANALYSIS: Oil Roundup - 15.04.13

15/04/2013 10:15

WTI Crude (chart left) outlook remains weak as stated on Friday but we fell a lot further than expected. 88.85 is a good weekly support level so this is the last hope for bulls at this stage. Bel »

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TECHNICAL ANALYSIS: Copper - Failed At 7622

15/04/2013 09:52

Copper bounced but failed at 7622, below the 7630 target & then collapsed unexpectedly. Resistance today at 7472/75 looks unlikely to be broken but shorts may need a stop above 7483 for 7510 then 752 »

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USD/CAD: Loonie Softer On Downbeat US Data Week

15/04/2013 08:46

On Friday, the USD rose 0.34 percent against the CAD to close at 1.0138, as a grim consumer sentiment reading and poor retail sales data in the US, Canada’s largest trading partner, took a toll »

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Chinese Trade Data Disappoints; Market Fear Creeping HIgher

15/04/2013 08:26

As the trading week begins and as the sun emerges from the London fog (whether figuratively or literally, as it were), worries among FX investors are expected to resurface. Across the Channel, problem »

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Morning Forex Review: Trade And Manufacturing Data Dominates

15/04/2013 07:52

  • Euro Zone Trade Data Weighing Heavy
  • US TIC Data Under The Microscope
  • US Housing Market Index Due To Rise Slightly

The euro zone trade balance is expected to show another strong surplus in February of EUR 9.9bn, up from 9.0bn in January. This surplus is probably one reason why the euro has been so well underpinned »

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