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Reasons To Keep Amazon In Your Sights

19/06/2013 14:36

  • Overpriced Stock?
  • Promising First-Quarter's Earning Reports
  • New Services Are Paying Off

Amazon stock is on the verge of breaking all previous records and binary options traders could maximize their profits by purchasing call options now. Overpriced Stock? Very few are those who critici »

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FXSnip: NZD/JPY Reverses From Strong Support Level 75.00

19/06/2013 09:59

  • NZD/JPY Finds Support Close To 75.00
  • Next Buy Target At 80.00
  • Buy Stop-loss Can Be Placed Below 74.00

NZD/JPY Finds Support Close To 75.00 NZD/JPY has recently reversed up from the strong support level (which we specified in our earlier report on NZD/JPY). Following that report, the pair broke down t »

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Commodity update: Crude Oil Prices Advanced

19/06/2013 08:32

Crude Oil prices advanced 0.79% against the USD for the 24 hour period ending 23:00GMT, closing at 98.56, as supply concerns increased following mounting tensions in the Middle East. At the same ti »

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QE Clarity?- Don't Hold Your Breath

19/06/2013 08:20

  • Clarity on the horizon?
  • Define "Next" please Bernanke
  • Commodity Confusion

European equities are set to open flat as traders brace themselves ahead of the FOMC meeting writes Jonathan Sudaria, Capital Spreads.  Clarity On The Horizon? Debate over the longevity of the »

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Morning Forex Review: Its FOMC Day!!

19/06/2013 08:10

  • Misunderstandings Galore!
  • Questions Galore!
  • Forecasts Examined

It’s FOMC day! Misunderstandings Galore! The big event today of course will be when the Federal Open Market Committee (FOMC) announces its decision on monetary policy and then Fed Chairman Ber »

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Quickfire Questions: The Experts Share Their Knowledge..A Must See!

7:21pm yesterday

We rounded up the experts who all spoke at the UK Forex Trading Conference last week and asked them to share their knowledge.... Questions: 1) What should the FX Trader be looking for in the short t »

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Video 5: Market DNA & Trading Strategies

6:58pm yesterday

What is Market DNA and how can it help your trading strategy?  Kathleen Brooks, Research Director at Forex.com explains.  For more insights and an outlook on Q3 Watch all of the Intervie »

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Video 4: The Ongoing Decline of USD/JPY?

6:18pm yesterday

Michael Hewson, Senior Market Analyst, CMC Markets gives us his view on the decline of the USD/JPY. Watch all of the Interviews from the event:  Video One: Rishi Patel ,Explains the Basi »

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Video 3: UK Forex Trading Conference: Why is the EUR where it is?

6:08pm yesterday

Brenda Kelly,  Technical Analyst IG explains the factors behind why the EUR is positioned where it is in the market.  Watch all of the Interviews from the event:  Video One: Rishi P »

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Video Analysis:USD/JPY Trading Nicely Lower

3:21pm yesterday

USD/JPY is trading nicely lower since we called a temporary top at 103.70 few weeks back. Notice that now we can count five waves down in blue wave A)/1) so we need to be aware of a possible reversal »

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Video Two: UK Forex Conference: QE & The Outlook For The Yen

2:20pm yesterday

Here is the second of our videos recorded at the UK Forex Trading Conference in London on June 13th 2013.  Marshall Gittler, Head of FX Strategy, Iron FX gives us an outline of Quantitative Easi »

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Q3 Outlook: In Depth Quarterly Outlook

1:31pm yesterday

There are a number of topics in the forefront for Q3, some will have more impact & uncertainty than others. Below, Kathleen Brooks, Research Director, Forex.com highlights the key issues for the FX tr »

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Commodity Update: Hot Summer for Oil?

10:47am yesterday

  • Middle East Lighting the Fuse
  • Let’s Get Technical
  • Geopolitcal Risk

Oil, it seems, has been a silent outperformer in the last few weeks. Stock markets jittered, the Dollar tumbled and Gold was in a coma; meanwhile Oil quietly climbed, beating stocks and bonds and gene »

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FXSnip: USD/CHF Pair Expected To Find Support At 0.9232

9:18am yesterday

For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9225 reports GCI Financial. In the Asian session, at GMT0300, the pair is trading at 0.9232, with the USD »

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FXSnip: GBP/USD Markets Remain Quiet

7:44am yesterday

No change in the GBP/USD,the market is very quiet writes Carol Harmer, Charmercharts.com We remain looking toppy on the Daily charts ...so we are keeping the strategy the same as yesterday. Only »

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Morning Forex Review: Its Prices Day In the UK & US

7:38am yesterday

  • Prices Day In The UK & US
  • US- CPI For May
  • Japan Trade Balance

The G8 meeting ends today and the markets will be interested in the communique following the meeting. If last year’s is any guide, it won’t be particularly significant for the markets. The »

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Taper Tantrums In The Market

7:35am yesterday

  • Uncertain Markets
  • People Need To Chill Out
  • Busy Schedule In Asia

The market is desperate for a sense of when the Fed will taper as the reaction to an FT story showed reports Adam Buton, Ashraf Laidi. Uncertain Markets The euro was the top performer while NZD and »

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Squeezed To Square: A False EUR Bid Into FOMC?

17/06/2013 14:34

Asset class prices continue to fluctuate, mostly on the market’s expectation of Fed tapering through QE easing later this year reports Dean Popplewell, Oanda.. The degree of ‘swaying volat »

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Video Analysis: Self Sabotage In Trading

17/06/2013 14:23

This week, Charlie from Ezeertrader  discusses this important aspect of trading as well as looking at the key markets he’s interested in this week »

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To Taper or Not To Taper?

17/06/2013 11:24

  • US Economy Firmly Mixed
  • GBP- Advancing Economy?
  • FOMC- Big Decision on Wednesday

Last week saw the 3rd week of 4 where US Equities markets fell as investors have continued to capitalise on the bull market in May by taking profits in June reports Ashley Skinner, Currencies Direct. »

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Video 1: UK Forex Conference:The Basics of Forex Trading

17/06/2013 10:10

Here is the first of our videos taken at the UK Forex Trading Conference in London. June 13th 2013.  Rishi Patel, Financial Markets Trader gives us an outline of FX Trading basics.  Watch »

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Technical Analysis USD/NOK: Next Sell Target At 5.7000

17/06/2013 09:36

  • USD/NOK Falls After Failing To Break Above Strong Resistance At  5.9000
  • Closest Sell Target At 5.7000
  • If 5.7000 Is Broken – Next Sell Targets At 5.6000 And 5.5000

USD/NOK falls after failing to break above strong resistance at  5.9000 USD/NOK is continuing to fall inside the (C)-wave of the longer-term ABC correction to the preceding medium-term upward pr »

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Copper Update: Pushed But Not Reached Target

17/06/2013 07:19

Copper pushed higher as expected but we have not yet reached our next target of 325.20/30. This could hold the topside if seen today but a push higher may stretch as far as 327.00/50. Wecould expec »

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Bernanke awaited, RBI stays on hold

17/06/2013 07:13

  • Market Stress Remains Elevated
  • Banking Union Discussed at G8
  • Strength of the USD Against Emerging Market Currencies

Central banks are very much in the spotlight reports Mitul Kotecha. Whether it’s poor communication or disappointment over the lack of fresh stimulus measures in Japan or opposition to the Europ »

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Morning Forex Review: Start of G8 Summit- A Likely Non Event For FX

17/06/2013 06:56

  • GB Meeting In Northern Ireland
  • Possible Closure Of Greek Broadcasting Company
  • Empire State Manufacturing Survey Expected To Rise

The week starts off quietly on the data front, with no major European indicators and little news out of the US. G8 Meeting In Northern Ireland The press is likely to focus on the start of the G8 mee »

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Friday Funny: Working 9-5, What a Way To Make A Living

14/06/2013 16:20

Time for the Friday Funny! This one made us chuckle here in the Forexspace headquarters..... "For a couple years I 've been blaming it on lack of sleep and too much pressure from my job, but now I fo »

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Euro Buying Showing Signs Of Fatigue?

14/06/2013 16:08

  • Peripheral Yields Contradict Euro Rise
  • FX Space Remains Indifferent
  • Where Is The Demand For The Euro Coming From?

Equity investors, especially those in the Asian-Pacific region, have had no respite as shares continued to bleed with the Nikkei 225 suffering a single-session meltdown of more than 6% and the Shangha »

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Yen Option Trade Presents Sound Risk Reward

14/06/2013 12:10

  • Forex Volatility Is Elevated
  • Price Action Was Defensive
  • Better Than Expected Retail Sales & Jobless Claims

Forex Volatility Is Elevated The volatility in the FOREX market is elevated and continues to trade at the high end of a 52-week range.  Ever since Ben Bernanke warned investors of a potential ta »

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Retail Sales On The Rise In The US

14/06/2013 10:43

  • New Car Sales Boost Figures
  • ECB Monthly Report
  • Quiet Day For GBP

Retail sales in the US increased by more than expected in May reports Davide Ugolini Corporate FX Dealer, Currencies Direct. New Car Sales Boost Figures The figure was boosted by purchases of n »

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UK Forex Trading Conference Delivers Nuggets To Traders

14/06/2013 10:34

Yesterday, team Forexspace headed down to the Royal Mint conference centre for the UK Forex Trading Conference, a day of seminars and trading tutorials with some of the best forex brokers in the indus »

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Morning Forex Review: Release of Pricing Data In The EuroZone

14/06/2013 09:49

  • Eurozone Expected To Show 0.1% Inflation
  • Stream of US Data Today

Today sees the release of pricing data in the Eurozone and the U.S. Eurozone Expected To Show 0.1% Inflation The Eurozone is expected to show 0.1% MoM inflation for May, having experienced 0.1% defl »

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FXSnip:EUR/NZD Reverses From Resistance Level 1.7000

14/06/2013 08:54

  • EUR/NZD reverses from strong resistance at 1.7000
  • Nearby sell target - 1.6330
  • If 1.6330 is broken – next sell target at major support 1.5000.

EUR/NZD reverses from strong resistance at 1.7000 EUR/NZD has recently risen in the extended upward corrective C-wave of the weekly ABC correction to the prevailing weekly downtrend. This ABC correct »

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Copper Ran Out Of Steam This Week

14/06/2013 07:38

Copper ran out of steam as expected & broke 320 to retest this week’s low of 316.30. This held & we shot higher to our resistance at 321.90/322.50. This is holding the move nicely but today&r »

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Sentiment Calms Following Gains

14/06/2013 07:37

  • Commodities Market Showed Signs Of Stabilisation
  • Data Slate Showing Positive Outcomes
  • Backdrop For The Euro Not Looking Positive

Gains in US stocks overnight will help to calm sentiment reports Mitul Kotecha. The fact that US equities were able to shake off the 6%+ plunge in the Nikkei yesterday reveals the different perspectiv »

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FXSnips: USD/JPY Continued Lower to 93.70

13/06/2013 15:21

USD/JPY broke 96.20 & continued lower to our target of 93.70/50. We wrote yesterday that this is solid long term support & should offer a very good buying opportunity. The low was 93.79 sosupp »

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Top 3 FX Ideas For This Week

13/06/2013 13:24

 This weeks top 3 FX Ideas for this week, provided exclusively for Forexspace.com by Kathleen Brooks, Research Director, Forex.com. »

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DAX Bears Around The Corner

13/06/2013 11:23

  • The ECB is not helping and DAX Could Suffer
  • German Outperforms Rest of Europe
  • DAX and 8,000

The German DAX has been one of the best performing indices since the world’s major central banks resorted to QE and close to zero interest rates.  German Outperforms Rest of Europe Auster »

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Morning Forex Review: ECB Bulletin May Revise Growth, US Jobless Claims Released

13/06/2013 07:01

  • ECB Monthly Bulletin
  • US Attention On Labour Market 
  • B of J Release Minutes of Policy Meeting

ECB Monthly Bulletin Today sees the publication of the ECB monthly bulletin, which may come with revisions to eurozone growth and inflation forecasts. The Bank of England will also be releasing a re »

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Commodities: Brent Crude Beat Resistance With A High at 104.10

13/06/2013 06:57

Brent Crude beat resistance at 102.98 to hit 103.75/80 & our selling opportunity with stops above 104.15. This trade worked perfectly with a high at 104.10. Support at 103.00/90 offers a chanc »

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FXSnip:EUR/USD Euros Reached Overnight Highs of 1.3370

13/06/2013 06:50

Euros edged higher yesterday reaching overnight highs of 1.3370. We have divergence on the 60min charts which suggests we should see some downward moves early this morning writes Carol Harmer, Charmer »

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Market Summary: European Equities To Slump After Weakness In US & Asia

13/06/2013 06:44

  • The Sell Off Continues
  • Markets Reliant On Monetary Policy
  • EU Industrial Production Up

European equities are set to slump on the open as persistent weakness in the US and Asia spills over reports Jonathan Sudaria, Capital Spreads. The Sell Off Continues The sell off from the 22nd May »

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Key Themes For 2013 - Exclusive Interview with Saxo's Head Of FX Strategy

12/06/2013 14:38

Last week, Forexspace.com attended the FX Roundtable hosted by Saxo Bank. We caught up with John J Hardy, Head of FX Strategy and got his views on what to expect for the rest of 2013 and some thoughts »

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Dynamic FX Market Insights By Leading Industry Experts

12/06/2013 14:20

Dont miss the UK Forex Trading Conference tomorrow in London!!  Location:               Dexter House, 2 Royal Mint Court, To »

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USD Continues To Struggle As Tapering Fears Persist

12/06/2013 13:48

  • Rumours Abound
  • UK Industrial Output Looking Better
  • All Quiet On The US Data Front

Rumours Abound There was further turmoil in the market late in trade yesterday as there were hints, again, that the Federal Reserve in America may start to taper or reduce the amount of Mortgage Back »

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CAD/CHF set to fall to support level 0.9000

12/06/2013 10:14

  • CAD/CHF falls after reversing from strong resistance level 0.9500
  • Closest sell target 0.9000
  • If 0.9000 holds – correction target at 0.9500
  • If 0.9000 is broken on a closing basis – next sell target at 0.8600

CAD/CHF falls after reversing from strong resistance level 0.9500 CAD/CHF just completed the 2nd intermediate correction to the preceding 1st intermediate impulse from the end of the larger 2nd prima »

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Video Analysis:EUR/USD Testing Important Resistance Area at 1.3350/1.3360

12/06/2013 09:58

EUR/USD has turned higher in the last three weeks from 1.2800 region where we now labeled end of a corrective wave B) that is part of a larger three wave rally from 1.2750. As such, we think that rec »

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Commodities: GasOil Continued Lower As Expected

12/06/2013 07:54

Gasoil continued lower as expected to test support at 856.50 & bottom just below here. A break lower today could reach better support at 851.25 & a low for the day possible. However if we b »

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Largest USD/JPY Drop in 3 Years, China in Focus

12/06/2013 07:45

  • Yen Was Best Performer
  • Leaked Story Of Loan Extension
  • All Eyes On Governor Wheeler

USD/JPY crumbled after the BOJ opted to maintain the status quo, something we warned about yesterday reports Ashraf Laidi. Yen Was Best Performer The yen was easily the best performer while the US »

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Morning Forex Review: It's Decision Day for ECB Outright Monetary Transactions

12/06/2013 07:38

  • Decision on ECB- OMT
  • UKs May Employment Report
  • Mortgage Applications Are Due In The US

Decision on ECB- OMT Today sees the conclusion of the German constitutional court ruling on the legality of the ECB’s Outright Monetary Transactions. With the markets struggling to find directi »

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EURO Facing No Immediate Opposition

11/06/2013 15:09

  • USD/JPY Dropped From Loftier Heights
  • B of J Maintained Policy To Increase Monetary Base
  • 2 Day German Constitutional Court Hearings

  There is little time to waste if you want to stay within catching distance of these markets reports Dean Popplewell, Oanda. USD/JPY Dropped From Loftier Heights Originally lacking direction »

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Yen Selling, Reloaded?

11/06/2013 12:47

  • Japanese Q1 GDP Revised Upward
  • JPY Sellers Are Back In Business
  • So what’s next?

For Yen bears there’s no news like good news, and much to their chagrin, this is the exactly what they got. Japanese Q1 GDP Revised Upward Yesterday,Japan’s Q1 GDP was revised upward to »

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FXSnip: CAD Excels Due To Canadian Housing Starts

11/06/2013 09:43

For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.0199. The Loonie remained buoyant yesterday as Canadian housing starts rose to a level of 200.2K in May, fastest pac »

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FXSnip: GBP/USD Price Action Fail at 1.5603

11/06/2013 08:14

GBP/USD:Yesterday saw the price action fail at 1.5603.This was good as it meant it kept you in a short positionand the Algo systems failed to take out this resistance. We use this resistance once more »

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Asia Leads The Way

11/06/2013 07:49

  • Flat Finish In The US Last Night
  • ECB Outright Monetary Transaction Legal Wrangle
  • Commodities Update

European equities are set to open lower taking their cue from a weak Asian session writes Jonathan Sudaria, Capital Spreads.  Flat Finish In The US Last Night A flat finish in the US last night »

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Morning Forex Review:ECB Outright Monetary Transactions, UK Production Data

11/06/2013 07:09

  • ECB Outright Monetary Transactions?
  • UK Industrial & Manufacturing Production Data
  • Japan Machine Orders

ECB Outright Monetary Transactions? The day is rather light on data, with the most significant event being the German constitutional court ruling on the legality of the ECB’s Outright Monetary »

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Market Summary:USD Gaining A Foothold

11/06/2013 07:03

  • Support For The USD
  • Divisions In The Eurozone
  • B Of J Inaction Causes Disappointment

Support For The USD Markets continue to second guess the Fed but the Fed’s Bullard did not provide much by way of clues overnight reports Mitul Kotecha, Econometer. Nonetheless, US Treasury yie »

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Euro Poised To Test Higher Levels

10/06/2013 15:51

  • Chinese Economy Showing A Soft Patch
  • EUR/USD Continues To Trade In Tandem With 2yr Interest Rate Differential. 
  • EUR/USD Is Testing Resistance Near A Horizontal Trend Line

The Euro continued to remain buoyed but was unable to break through resistance levels on the heels of Friday’s non-farm payroll report which boosted global equity bourses.  The better than »

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Draghi Failed To Feed The EUR Bear-Is Everything Yen Flavoured?

10/06/2013 13:10

  • Asia Determined To Keep Volatility In Markets
  • Chinese Slowdown In Growth
  • USD/JPY Threatenng To Spoil The Speculators Day

In months gone by there would be a respite after NFP – the market gave investors time to lick their wounds and devise a trading strategy during the first session following the employment headlin »

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FXSnip: EUR/USD Dollar Gained Strength On Employment Data

10/06/2013 11:23

On Friday, EUR declined 0.14% against the USD and closed at 1.3224. The dollar gained strength as the US employment growth in May was higher than market expectations, which renewed speculation that th »

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Technical Analysis: USD/JPY Continues To Rise

10/06/2013 10:34

  • Continues predominant uptrend
  • Buy target at 100.00, followed by 104.00
  • Strong support area around 96.50

Continues Predominant Uptrend USD/JPY continues to rise in line with the strong uptrend that can be seen on the daily and the weekly charts. The pair previously reversed down from the resistance leve »

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Market Summary: Time To Regain Some Composure

10/06/2013 07:24

  • Confidence in QE Continuation
  • NFP Fuelled Optimism
  • EUR/USD Traders Non Committal

European equities are set to start the week on a softer footing as they regain some composure follow Friday’s ramp higher and weak China data weighs reports Jonathan Sudaria, Dealer, Capital Spr »

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Technical Analysis: BAX

10/06/2013 07:24

Sept 13 support at 98.70/69 but below here risks a test of 98.65. Resistance at 98.72/73 then 98.76/77. Dec13 support at 98.66/65 being tested & could hold the downside. Resistance is at 98.69/70 t »

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Morning Forex Review: Many Indicators Due Overnight

10/06/2013 07:22

  • Industrial Outputs for April
  • Canadaian Housing Starts
  • Series of Japanese Figures Released 

Industrial Outputs for April The French and Italian MoM industrial outputs for April are reported this morning. France is expected to show a 0.3% increase, substantially improved from the 0.9% contra »

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China Data No Help for Damaged AUD

10/06/2013 07:17

  • Final Revisions to Japanese Q1 GDP
  • Chinese Growth Levels Off
  • Japanese Trade Numbers- Expected Deficit

Chinese weekend data showed a mildly slower pace of industrial production. Last week the yen was the best performer while the Australian dollar continued to struggle reports Ashraf Laidi. Final Revis »

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Friday Funny: Holy Moly

07/06/2013 16:40

A week is a long time in Forex and this wass was no exception.  We hope you all enjoyed the ride and have a relaxing weekend ahead.  Friday Funny: Forex trader: What is a million years lik »

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Yen Strength Roils Capital Markets

07/06/2013 16:17

  • Fear Of Contraction
  • Promises Dont Deliver
  • Negative Sentiment Engulfed Traders

Momentum in Yen strength has been substantial during the past week, but the increase during the past two trading session has been more than abrupt.  Fear Of Contraction The USD/JPY has declined »

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Technical Analysis: AUD/USD Just Broke Down Below 0.9700

07/06/2013 13:06

 

  • AUD/USD breaks below major support at 0.9700
  • Closest sell target at 0.9375
  • If 0.9375 holds – possible correction to 0.9700

AUD/USD breaks below major support at 0.9700 AUD/USD just broke down below the major long-term support level 0.9700. This support level has been reversing the pair up from the start of 2011 (having p »

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Is The ECB Taking Us Back To 1929?

07/06/2013 11:19

  • Taking No Risk Is the Riskiest Choice of All
  • Back To 1929?
  • ECB Faces A Myriad Of Woes

Today, unsurprisingly, the ECB left its benchmark rate unchanged at 0.5%. In the speech that followed, ECB President Mario Draghi lowered its growth trajectory for the E.U. to - 0.6% while upgrading i »

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Pre NFP Analysis & What To Expect From FOMC Later

07/06/2013 10:42

  • It Wasnt Meant To Be Like This
  • ECB Rate Unchanged
  • Worry Amongst USD/JPY Traders

NFP is the broadest gauge of job creation and a strong reading will put many doubts to rest about the US growth traction. Today the FOMC are expected to announce the creation of +165k new jobs at 8.30 »

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Morning Forex Review: UK Trade Deficit Is Expected To Narrow

07/06/2013 07:35

The UK visible trade deficit is expected to narrow slightly in April to GBP 8.8bn from GBP 9.06bn in March, with the total trade deficit (including invisibles) narrowing to GBP 3.0bn from GBP 3.13bn. »

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Euros Defied Gravity Yesterday

07/06/2013 07:08

Euros defied gravity yesterday and sliced through resistance at 1.3175, coming to 1.3305 writes Carol Harmer, Charmercharts. We are seeing a little corrective pressure currently and we may well »

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A Crystal Ball Wont Even Help You Today

07/06/2013 06:59

  • Morning Session - One Of Hesitation
  • What To Do With The Numbers
  • ECB Kept Its Benchmark Rate On Hold

European equities are set to open higher follow an impressive afternoon rebound in the US. Marius Paun, Dealer at Capital Spreads. Morning Session - One Of Hesitation Although the positive »

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Technical Analysis: FTSE Broke 100 Day Moving Average

07/06/2013 06:51

FTSE broke the 100 day moving average at 6384 & continued lower through all support to 6271. We are quite oversold now but need to beat resistance at 6340 for a run to 6381/88 & the 100 day movi »

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EXCLUSIVE: Non Farm Payrolls Prediction

06/06/2013 19:26

Watch our EXCLUSIVE Video Prediction for this months Non Farm Payroll figure, prepared by James Hughes, Chief Market Analyst, Alpari UK. »

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USD Taking The Strain Ahead Of NFP Tomorrow

06/06/2013 16:38

Hope is rapidly fading for the USD bulls after today’s developments, led by USDJPY smashing down through the 55-day moving average in late European trading. The greenback will need an enormous r »

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Initial Reaction To ECB Announcement

06/06/2013 16:31

Caxton FX Analyst, Richard Driver, on the latest news from the ECB – "Draghi has played with a pretty straight bat here; the upturn in German industry clearly gives the ECB something to hold on »

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FXSnip: USD/JPY Retested This Week's Low of 98.90/80

06/06/2013 14:46

USDJPY retested this week’s low of 98.90/80. This remains good support & should offer a second buying opportunity as stated yesterday, with stops needed below 98.50. We are looking for a »

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Pound Pushes Higher

06/06/2013 10:52

The pound has been the beneficiary of USD weakness in the markets yesterday and has managed to push higher against the USD and other major currencies including the Euro reports Phil McHugh, Currencies »

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Video Update: Green Moss Or Green Shoots?

06/06/2013 10:11

Review Todays Video Update Provided by Ezeetrader. Green Moss or Green Shoots? Lots of Data & Key Figures This Week Green Numbers Are Above Expectations But Still Contraction A couple of Green S »

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Market Summary: Beige Book "Modest To Moderate"

06/06/2013 10:02

  • Less Risk Of Fed Tapering QE
  • USD/JPY Pull Back
  • Caution Around ECB Meeting

US service sector confidence improved, with the ISM non manufacturing index revealing a stronger than forecast rise to 53.7 while the Fed’s Beige Book recorded “modest to moderate” g »

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FXSnip: GBP/USD Market Entering Overbought Territory

06/06/2013 07:19

So we have basically hit target at 1.5420, we have reached 1.5418 reports Carol Harmer, Charmercharts.com The market is entering overbought territory and because we have hit our target and longs have »

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Morning Forex Review: BoE Meet In Great Suspense....

06/06/2013 07:05

  • Bank Of England Great Suspense
  • No Changes Expected at ECB Meeting 
  • German Factory Orders Expected To Of Declined

The key points today are of course the Bank of England (BoE) Monetary Policy Committee and European Central Bank (ECB) Governing Council meetings. Bank Of England Great Suspense The BoE meets in gre »

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Yen Strengthens on Weak US Data

05/06/2013 16:23

  • Lofty Goal of Increasing Income by 3%
  • ADP Released Private Payroll Employment Report
  • Heavy Technical Picture for USD/JPY

The technicals first presented a picture of the USD/JPY rolling over from its recent highs in late May, and continued to show signs of a weakening dollar when momentum turned negative and a moving ave »

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Technical Analysis: USD/JPY Hit Target of 99.35

05/06/2013 15:15

USDJPY broke 99.85 to hit the target of 99.35 & bottomed just below here. The short term outlook is still negative so we cannot rule out a retest of this week’s low of 98.90/80. This remains&nb »

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Video Analysis: AUDUSD New Bearish Leg Seems To be In Progress

05/06/2013 13:00

AUDUSD moved sharply higher at the start of the week up to area of fourth waves of lower degree that reacted as a nice reversal zone. Notice that pair also turned bearish after finished three wave ral »

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Technical Analysis: AUD/NZD Has Been Falling Sharply

05/06/2013 12:51

  • AUD/NZD falls inside sharp weekly C-wave
  • Closest sell target - 1.1800
  • Stop-loss can be placed above resistance level 1.2100

AUD/NZD falls inside sharp weekly C-wave AUD/NZD has been falling sharply in the last few weeks – inside the extended downward impulse wave, which is the C-wave of the large primary ABC corre »

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FXSnip: GBP/USD Overall Scenario Unchanged

05/06/2013 07:42

Inside day leave the overall scenario unchanged...1.5299/95 is support...so we go just in front of here at 1.5305 and go long..stops to be kept quite tight below 1.5259 which is the short term 50 »

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Market Summary: Traders Brace Themselves For A Volatile Session

05/06/2013 07:41

  • US Markets Turned Negative
  • Short Term Trend Looking Bearish
  • Investors On The Sidelines

European equities are set to open lower as an indecisive market flips over to the bearish side following hawkish Fed comments reports Jonathan Sudaria at Capital Spreads. US Markets Turned Negat »

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Morning Forex Review: Its Data Day In Eurozone & US

05/06/2013 06:49

  • All Eyes On EU GDP Figures
  • ECB Reports On Progress
  • ADP Report Watched For Indicators of NFP

Today it’s a big day for data in both Europe and the US. In Europe it’s the service sector PMIs, with Markit announcing the number for Italy and the final numbers for France, Germany and t »

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EUROZONE: Euro Set To Outperform Until ECB Meeting

04/06/2013 17:05

Taking a look at European credit, today is shaping up to be a ‘classic risk on’ type of day in Europe, with core bond yields rising, peripheral yields falling, stock prices rallying, and t »

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Technical Analysis: Nikkei Continued Lower to 12930

04/06/2013 16:23

Nikkei continued lower to 12930 support to bottom out here. We then shot higher from an oversoldposition to reach our target of 13680/13750 & with trend line resistance here we hit selling pressu »

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FXSnip:USD/JPY Japanese Monetary Base Increases in May

04/06/2013 13:31

For the 24 hours to 23:00 GMT, the USD weakened 0.75% against the JPY and closed at 99.74 reports GCI Financial. In the Asian session, at GMT0300, the pair is trading at 99.70, with the USD trading »

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How Low Can The S&P500 Go?

04/06/2013 10:02

  • Statement Ambiguity
  • Swoon In June?
  • So How Low Can The S&P Go?

It’s been less than two weeks since Ben Bernanke sent equity investors reaching for their antacids, but it’s still not clear what might be in the cards for the world’s most watched i »

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FX SNIP: GBP/USD Cable Rose Again

04/06/2013 08:23

Cable rose again, just clipping the 4hr 61.8 % Fib level at 1.5368, rising to 1.5378 writes Carol Harmer, Charmercharts.com All longs were covered on this rise. We have pulled back from these hi »

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Sentiment Swayed By Dovish Fed Hopes

04/06/2013 07:56

  • US Indices In Positive Territory
  • European Manufacturing Shrinks
  • Gold On The Rise

European equities are set to gain on the open as sentiment is once again swayed by dovish Fed hopes reports Jonathan Sudaria, Dealer, Capital Spreads. US Indices In Positive Territory Overnight »

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Morning Forex Review: Yesterday's Surprises Bring Calm For Today

04/06/2013 07:01

  • Eurozone PPI
  • Forecast Widening Of The US Trade Deficit
  • Dove/Hawk Scale Extremes

After yesterday’s surprising PMIs – Eurozone stronger than expected, US weaker than expected – no such dramatic information is due today. Eurozone PPI All we have to offer in the E »

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Exclusive: Top 3 FX Ideas for This Week

03/06/2013 16:04

Exclusively Prepared for Forexspace.com- watch Kathleen Brooks, Research Director, Forex.com give her Top 3 FX Picks for the Week.  1)  USD/JPY -  NFP could determine the end of QE 2) »

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Markets Look To Central Banks For Further Direction

03/06/2013 13:52

  • USD Suffering
  • EUR- Interest Rate Decision On Thursday
  • Non Farm Payrolls Friday

After the positive US Confidence figures to start last week USD suffered as the week came to a close, so did the USD rally and strength that was sustained for the past 3 weeks reports Ashley Skinner,& »

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Video Update: S&P, Oil, USD/JPY

03/06/2013 11:54

Forexspace is pleased to bring you the latest market update from EzeeTrader.  Today the video focussed on ; The S&P rollover Oil pattern still remains USD/JPY Creeps its way down AUD/U »

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Technical Analysis: USD/CHF Continues To Decline

03/06/2013 11:44

  • USD/CHF falls after completing primary correction â‘¡
  • Sell targets: 0.9270 and 0.9000
  • Strong resistance zone between 0.9800 and 1.0000

USD/CHF falls after completing primary correction â‘¡ USD/CHF continues to decline after the recent completion of the primary ABC correction â‘¡ to the preceding primary downward price impulse â‘  fr »

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Commodities Update:Gold Came In Lower Of Friday Reaching 1384

03/06/2013 11:30

Gold came lower on Friday, reaching 1384 on the break of 1395..We have seen a recovery off this Fib level but again 1400/04 is looking to be the top of any rally now. We would look again for&nbsp »

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FXSnip: AUD/USD Expected To Find Support At 0.9562

03/06/2013 10:13

On Friday, the AUD weakened 0.99% against the USD to close at 0.9572 reports GCI Financial. LME Copper prices declined 0.1% or $4.50/MT to $7241.0/MT. Aluminium prices rose 1.0% or $18.5/MT to $1875. »

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Technical Reports: SXF/TSX 60 Outlook Turning Negative

03/06/2013 08:24

S&P/TSX 60 outlook turning more negative as stated on Friday & we broke support at 725.20/724.80 to test Fibonacci & 100 day moving average support at 721.31/16. We bounced from just belo »

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A Change In Market Dynamics...

03/06/2013 07:46

  • Abenomics Is Leading To Inflation Rise
  • Lack of Clarity On Fed Policy
  • USD Multi Months High

A change in market dynamics appears to be taking place writes Mitul Kotecha. Nervousness over a prospective paring back in US quantitative easing as the Fed ponders the timing of a tapering in asset p »

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Morning Forex Review: A Heavy Data Week Will Bring Interesting Market Movements

03/06/2013 07:08

  • Chinese Manufacturing PMI For May
  • Unchanged ISM
  • Construction Spend 

After a couple of weeks without much data to chew on, we now get an onslaught. This week sees the release of: 1) The rest of the May purchasing managers’ surveys for the manufacturing and servi »

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Friday Funny: Earthlings Are A Strange Bunch

31/05/2013 15:35

We humans are an interesting breed.....present company not excepted. "Google earth view gives you the amazing chance to see amazing places all over the world, from the comfort of your own home. »

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Video Analysis:Gold Could Be Performing A Down Trend Continuation Pattern

31/05/2013 15:20

GOLD moved up to 1420 in this week but still only within three waves which in Elliott Wave theory represents a corrective movement. Notice that we can count five waves up in wave (c) so actually reve »

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Gold- Ready For Liftoff?!

31/05/2013 13:32

  • Down But Not Out
  • Ready For Launch
  • Be careful

Gold has been one of the most widely covered asset classes lately and a good argument can be made for either side; there is a 50/50 chance that we’ll either see a collapse or the sky will be the »

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Technical Analysis: GBP/CHF

31/05/2013 13:14

  • GBP/ CHF reverses from strong resistance 1.4750
  • Sell targets: 1.4480, 1.4400 and 1.4000
  • Major resistance area close to 1.4750

GBP/CHF has recently completed the 2nd primary corrective ABC wave â‘¡ to the preceding primary downward price impulse â‘  from August of 2012. GBP/ CHF reverses from strong resistance 1.4750 This p »

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Morning Forex Review: A Decent Day For European & US Indicators

31/05/2013 07:26

  • UK Real Estate Lending Shows Improvement
  • Eurozone CPI & Unemployment Figures
  • US Personal Income Expected To Rise

After all the excitement of last night’s onslaught of Japanese indicators, we now face a decent day of European and US indicators. German retail sales already came out at -0.4% mom, a bit worse »

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FTSE Tried To Break Below 6590 But Recovered

31/05/2013 06:54

FTSE tried a break below 6590 but recovered quickly from 6586 to reach resistance at 6645. We could struggle again at 6650/55 today but above 6660 opens the door to a test of tough resistance&nbs »

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DAX Dipped Towards 8292 & We Bottomed at 8298

31/05/2013 06:53

Dax dipped towards good Fibonacci support at 8292 & as expected we got bounce from here as we bottomed at 8298. Resistance at 8412/25 held the bounce unsurprisingly & could do again today wi »

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Equity Markets Flat, Barrage of US Data

31/05/2013 06:51

  • Barrage of US Data
  • Preliminary GDP Below Expectations
  • US Crude Inventories

European equity markets are set to open flat as clarity continues to elude traders writes Jonathan Sudaria of Capital Spreads. Barrage of US Data The assured daily rises regardless of the funda »

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Nikkei Held 13540 Support Perfectly

30/05/2013 14:56

Nikkei held 13540 support perfectly. We are oversold in the short term now so could hope for a recovery in to the end of the week. We need to beat tricky resistance at 14100/120 for a move to& »

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FXSNIP: AUD/USD Overstretched Then Oversold

30/05/2013 13:49

The Aussie overstretched to 9528 yesterday, but soon the oversold forces kicked in and up we came reports Carol Harmer, Charmercharts. We have reached the 4hrly 23.6 Fib level at 9698 but the mar »

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USD Sheds Gains

30/05/2013 13:40

  • Significant Improvements Required
  • France & Spain Get 2 Extra Yrs
  • US Labout Market Should Maintain Momentum

The USD was the main focus yesterday as US equities opened lower following on from the lower sessions in Asia and Europe reorts Phil McHugh Trading Floor Manager, Currencies Direct . The fal »

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USD Slips As Yields Pull Back

30/05/2013 08:59

Market sentiment deteriorated overnight as equity markets in the US and Europe declined while commodity prices also dropped reports Mitul Kotecha. US yields slipped which undermined the USD. Growth do »

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EuroStoxx Had Held Above 2768/62

30/05/2013 08:35

Euro Stoxx broke 2798/95 but has held above 2768/62. The market should remain under pressurebut this is good support & could hold the downside today. If however we break lower look or last week& »

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FXSNIP: EUR/USD Scope for Further Strength

30/05/2013 08:25

Euros have been trading higher this past few sessions, and there is scope for further strengththis morning reports Carol Harmer, Charmercharts.com. We look for a move to 1.2990/1.3010 and here we take »

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Morning Forex Review: UK House Prices Moving Sideways & Lack of Confidence in Consumer Confidence

30/05/2013 07:58

  • UK House Prices Moving Sideways
  • Eurozone Confidence Surveys Out Today
  • Eurozone Confidence Surveys Out Today

In the UK, Nationwide Building Society house price index is expected to rise +0.9% yoy in May, the same pace as in April. Not bad after about a year of declines but nothing like Phoenix, AZ, USA, wher »

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FXSNIP: GBP/USD Continues to Fall

29/05/2013 12:02

  • GBP/USD Falls Afer Breaking Daily ABC Correction
  • Sell target 1.4830
  • Expect Resistance at 1.5300 and at 1.5600 (strong)

GBP/USD Falls Afer Breaking Daily ABC Correction GBP/USD continues to fall after the recent breakout of the daily Up Channel which enclosed the clearly-formed intermediate ABC correction to the prece »

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Video Analysis: Triangle Pattern Could Send The EUR/USD To 1.2700

29/05/2013 11:56

EUR/USD has turned lower yesterday back to 1.2840 area, but price is still trapped in a range, so we think that corrective wave 4 is still underway. We are tracking a triangle pattern placed in wave 4 »

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FTSE: Made It All The Way To 6769

29/05/2013 09:05

FTSE made it all the way to our upper target of 6769 for a selling opportunity with stops above 6782. We have held support at 6712 but the risk looks to be to the downside today so watch for a&n »

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FXSNIP: USD/JPY Japanese Yen Trading Higher In Asian Session

29/05/2013 08:58

For the 24 hours to 23:00 GMT, the USD strengthened 1.39% against the JPY and closed at 102.52 reports GCU Financial. In the Asian session, at GMT0300, the pair is trading at 102.21, with the USD tra »

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Morning Forex Review: Eurozone Stats For The Week Start Today...Finally

29/05/2013 08:42


  • German CPI
  • Does Increasing Supply Mean Growth?
  • Carneys Last Meeting

The Eurozone statistics for the week finally start today with German CPI for May, both regional and national. German CPI The national CPI is expected to be up 1.3% yoy, a modest acceleration from +1 »

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Euros Biggest Open Close Decline In 3 Weeks

29/05/2013 06:36

Last week's decision to raise the stops and lower the targets on both of our existing EURUSD shorts was justified by Tuesday's 100-pip decline to 1.2850, which is the biggest open-close decline since »

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EXCLUSIVE:Top 3 FX Ideas For The Week

28/05/2013 16:27

Top 3 FX Ideas for the Week, provided exclusively for Forexspace.com by Forex.com's Director Of Research Kathleen Brooks.      USD/JPY Focus on Dollar Yen - Being Led by the Nik »

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USD/JPY & Japanese Bond Yields

28/05/2013 16:15

  • Japanese Bond Yields
  • USD/JPY & 10 Yr Bonds
  • Yields May Be Rising

USDJPY has managed to claw back recent losses today as it has followed the Nikkei (the Japanese stock market) higher and been given a boost by a better than expected reading of US consumer confidence, »

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US Opening Round Up

28/05/2013 15:49

European stocks track Asian counterparts higher; Investors beginning to buy the dip in Japanese equities; French consumer confidence plummets again in May; US consumer confidence expected to hit 20 »

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Tuesday Video Update- 3 Stages Of A Trader

28/05/2013 15:22

Forexspace is pleased to bring you the latest market update from EzeeTrader.  Today the video focussed on the 3 Stages of a Trader. »

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DAX Support At 8332

28/05/2013 15:11

Dax support at 8332 then 8292 & last week’s low at 8261. A low for the day is possible again here today but a break lower cannot be ruled out and could target 8235/25. Any longs here need&n »

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FXSNIP:AUD/USD: Aussie Trading Higher In The Asian Session

28/05/2013 14:55

For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD to close at 0.9630 reports GCI Financial. LME Copper prices declined 0.6% or $45.50/MT to $7240.0/MT. Aluminium prices declined »

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A Short Week With A Few Key Indicators

28/05/2013 14:48

  • Consumer Confidence- Improvement?
  • German Unemployment Figures
  • Minutes From BoJ

A shorter week for the UK markets with a bank holiday yesterday leading into a slower week in relation to economic data writes Phil McHugh Trading Floor Manager, Currencies Direct.  Co »

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Bulls Step Out From Behind Cover

28/05/2013 07:27

  • ECB Reassuring Comments
  • Dow Jones Closed 13.5 Points Higher
  • Good News From European Car Makers

European equities are set to open higher as bulls step out from behind cover reports Jonathan Sudaria, Dealer at Capital Spreads. Despite last weeks sudden evaporation of confidence, bearish mom »

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Morning Forex Review: You Didn't Miss Much Yesterday

28/05/2013 07:15

  • German Import Prices & French Consumer Confidence
  • US Case/Shiller House Price Index
  • In Other News:

If you were away yesterday, you didn’t miss much on the economic front. And if you’re away today, you won’t miss that much more, at least not in Europe. German Import Prices & Frenc »

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Firmer JPY & CNY Fixings To Support Asian FX

28/05/2013 06:17

  • US Consumer Confidence Data Out
  • Stormy Start Caused By High Volatility
  • Sideways Trading Expected In The Near Term

The USD has lost steam as US yields appear to have temporarily topped out writes Mitul Kotecha. The fact that aggregate (minus MXN) USD speculative positioning is marginally below its all time high al »

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FXSNIP: GBP/AUD Pair On The Rise

27/05/2013 17:21

  • GBP/AUD Rises Sharply After Breaking Long-Term Resistance Trendline
  • Buy Targets at 1.5900 and 1.6200
  • Closest Support at 1.5400

 

GBP/AUD has risen sharply in the last week and continues to rise from today’s open – following the recent breakout of the long-term downtrend resistance trendline from the July of 2010. G »

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Friday Funny: High Net Worth Comes At A Price

24/05/2013 16:22

This Friday has been a long time coming...but if you are in the UK its good news as you have a whole 3 day weekend to recover.  Below is a quote that should bring a smile to your face whilst you »

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The Next Phase of Abenomics

24/05/2013 15:38

  • That Wasnt Supposed To Happen
  • Abenomics Phase 2: Stabilising The Bond Market
  • Opportunities for the Bulls

The first phase of Abenomics, which started at the end of 2012, involved stimulating the economy and expanding the monetary base to JPY 270 trillion, resulting in a sharp drop in the JPY and a large b »

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Is The Rally Really Over?

24/05/2013 13:08

  • Panic Stations
  • Investors Left Hanging?
  • Remember September

Equity investors, who have pretty much been living on Easy Street recently thanks to the easy money situation worldwide, have suddenly found themselves in a bit of a panic. Panic Stations It happene »

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Video Analysis: USD/JPY Is Showing Bearish Elliott Wave Set-up

24/05/2013 10:36

USD/JPY fell sharply lower in this week and it seems that pair has reached a temporary top. The reason is sharp decline this week that was clearly made in five waves. In Elliott Wave Theory we know t »

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FXSNIP: AUD/JPY Continues To Fall

24/05/2013 10:24

    • AUD/JPY Reverses From Major Resistance 105.00
    • Falls Inside C-wave Of The Minor ABC Correction
    • Sell Targets: 97.00, 93.00 and 90

 

AUD/JPY Reverses From Major Resistance 105.00 AUD/JPY continues to fall after its recent reversal from the major resistance zone made out of the multi-year resistance level 105.00 (which had previous »

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Fridays Video Update:Key Reversal Day

24/05/2013 09:18

Forexspace is pleased to bring you the latest market update from EzeeTrader.  Today the video focussed on the S&P and the trend of a Key Reversal Day.  Definition: Key Reversal Day- A Day »

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The Outlook For The UK Economy:BofE Director Gives His View

24/05/2013 08:06

  • Working to Ensure Banks Have Capital
  • UK GDP As Weak As In 1955
  • There Are Limits To Monetary Accomodation

Speaking in Cardiff today, Paul Fisher, the Bank’s Executive Director for Markets and a member of theMonetary Policy Committee, gives a personal view on why the recovery from recession has been »

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Daily Summary- Nikkei Dropped, EURO Consumer Confidence On The Rise

24/05/2013 07:21

  • QE Affected Market Sentiment
  • US Markets Remain Unchanged
  • Euro Consumer Confidence May Be On The Rise

European equities are set to open flat as the Nikkei takes another lurch lower reports Jonathan Sudaria, Capital Spreads. QE Affected Market Sentiment The last time the Nikkei dropped 7% in a s »

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Morning Forex Review: All Eyes On The IFO Index

24/05/2013 07:10

  • EUR/USD Likely To Gain
  • German Final Q1 GDP Released
  • US Durable Goods Indicator

In Europe, the Ifo index is the big event of the day. EUR/USD Likely To Gain Forecasts are for the indices to remain unchanged after April’s sharp drop. But given the better-than-expected data »

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USD/JPY Takes The Biggest Fall In Three Years

23/05/2013 16:20

  • USD/JPY Staged A Massive Reversal
  • The Stock Bubble Hasnt Yet Popped 
  • The Economy Is Improving Say The Fed

USD/JPY has plunged from four year highs to its lowest level in the last years during today’s European trading hours, signifying the start of Yen weakening, while US Dollar remains resilient and »

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Our Guide To The Best Iphone Trading Apps

23/05/2013 15:48

Traders have seen vast technological advancements in recent times and have had to adapt accordingly. The latest technology that has taken the forex world by storm has been the inception and continued »

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Is This What End of Q3 Will Look Like?

23/05/2013 12:13

  • Whats Driving The Violent Moves
  • Japanese Bond Yields Surge
  • The Economic Data Test
  • G10 Gets Weighed Down By Weak Asian Equities

There have been some violent moves across asset classes this morning after a perfect storm of central bank chatter, weak Chinese economic data and some large declines in Asian equities knock risk sent »

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Central Bank Announcements Spark Market Volatility

23/05/2013 11:48

  • Bank Of Japan - Yen Deprectiated Enough
  • Fed Considers Slowing Asset Purchases
  • UK Retail Sales Lower Than Expected

After a barren spell over the last week, an avalanche of data and announcements from central banks across the developed world hit the markets, and the resulting volatility overnight in Asia and into t »

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FXSNIP:GBP/USD: Weak Retail Sales Data Saps Pound

23/05/2013 08:35

For the 24 hours to 23:00 GMT, GBP fell 0.83% against the USD and closed at 1.5034, after retail sales in the UK fell below market expectations, dropping 1.3% (MoM) in April, following a revised 0.6% »

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Finally!! The S&P Tumbled Lower

23/05/2013 08:29

Finally!!! The S&P tumbled lower...enforced by the dangerously overbought conditions on the charts writes Carol Harmer, Charmercharts.com We have posted a Key Reversal day which is negative, and »

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Morning Forex Review: Its PMI Time!

23/05/2013 07:30

  • Provisional Data Announced for EU Today
  • Draghi Speaks This Evening
  • UK Q1 GDP To Be Announced

It’s PMI time! Finally some indicators that we can get our teeth into. Provisional Data Announced for EU Today The provisional manufacturing, services and composite Markit PMIs for May are ann »

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Bernanke Hits Treasuries, Boosts Dollar

23/05/2013 07:18

  • Fed Could Ease Off QE
  • Comments Fuelled Market Volatility
  • Asian Currencies Remain Under Pressure

Fed Chairman Bernanke’s prepared testimony expressed no hurry to scale back policy accommodation given the risks to economy recovery reports Mitul Kotecha. Fed Could Ease Off QE However, in th »

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PART 2: Bernanke U Turn

22/05/2013 16:54

Ben Bernanke performed an incredible U-turn when questioned following his prepared statement this afternoon reports Craig Erlam, Market Analyst, Alpari UK Financial markets were all over the place fo »

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Bernanke Did Not Disappoint

22/05/2013 15:42

  • Unreliable Fed Comments
  • QE Is Here To Stay
  • High Volatility Following Speech

Fed Chairman Ben Bernanke did not disappoint this afternoon, coming out once again in support of the Fed’s loose monetary policy writes Craig Erlam, Market Analyst, Alpari UK. Unreliable Fed Co »

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Video Analysis: AUD/USD Bearish Waves Should Continue

22/05/2013 15:15

Bearish Waves Should Continue After a Corrective Retracement-Elliott Wave Video: AUDUSD has been moving sharply lower in the last few weeks within wave three that now shows evidences of a low »

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Its All About The Reserve Bank Of OZ

22/05/2013 14:53

  • Scope For Further Rate Cuts
  • Gap Narrows Between AUD & Commodity Prices
  • AUD Traded In Pause Mode

Earlier this week we heard from the Reserve Bank of Australia (RBA) the resulting minutes tended to confirm what most had suspected-that the strength of AUD was a pivotal factor in what was an otherwi »

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IMF- Do More To Stimulate UK Growth

22/05/2013 14:17

The IMF are absolutely right; more definitely needs to be done to stimulate UK growth. The economy has been crying out for infrastructure spending for some time now reports Richard Driver, Caxton FX. »

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Technical Analysis: CHF/JPY Continues To Rise

22/05/2013 12:12

  • CHF/JPY set to break out of daily Pennant
  • Buy target 112.00 (intervening resistance at 108.00)
  • Sell target 100.00 (intervening strong support at 104.00)

CHF/JPY continues to rise inside the clearly formed Pennant chart pattern on the daily charts. This daily Pennant formed when the pair recently finished the 2nd intermediate corrective down wave of th »

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GBP Gets A Pounding

22/05/2013 10:58

  • Reasons for the Pressure
  • Insights
  • Market Impact

It’s been a rough morning for GBP, with economic data thwarting early attempts at a GBP recovery writes Kathleen Brooks, Forex.com. Reasons for the Pressure BOE minutes, retail sales and publi »

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Commodities: Gas Oil - Closing In On Our Target of 870/869

22/05/2013 09:47

Gasoil hit profit taking breaking 875.65/25 as we close in on our target of 870/869. This could be a buying opportunity so maybe exit shorts & try longs with stops below 866.50. A break lower& »

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FXSnip:EUR/USD Should See Markets Come Lower At European Open

22/05/2013 08:16

Euros slowly came higher and we hit the 61.8 short term Fib at 1.2939. Short term charts are looking a little overbought, so we should see the market come lower as we initially go into the European op »

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FXSnip: USD/JPY B of J Key Interest Rates Unchanged

22/05/2013 08:07

For the 24 hours to 23:00 GMT, the USD strengthened 0.27% against the JPY and closed at 102.43 reports GCI Financial. However, gains in the Dollar were pared after two Federal Reserve members supporte »

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Morning Forex Review: All Eyes On The EU

22/05/2013 07:52

  • EU Summit In Brussels
  • B of E Minutes
  • Home Sales US

The EU current account figure for March will be released this morning, with the seasonally adjusted figure expected to show a minor decrease, with the surplus moving lower from €16.3bn to €1 »

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USD/JPY Erases Losses Amid Amari Comments

21/05/2013 15:51

  • Mr Amari Repremanded
  • USD Top Performer
  • Next 24 Hours Critical

The USD/JPY has cut losses as the Japanese Economy Minister Akira Amari retracts his comments on Yen strength being corrected, while markets look for Yen weakness. Christopher Vecchio, Currency Analys »

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Sterling: Bruised But Not Battered After Inflation Data

21/05/2013 12:32

  • Transport Costs Provided Largest Downward Contributions
  • What Will Carney Do?
  • The Technical Picture For GBPUSD

The pound has come under pressure after the weaker than expected inflation reading for April earlier this morning writes Kathleen Brooks, Research Director Forex.com. Headline CPI fell to 2.4% (expec »

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Getting Into Bernanke's Head

21/05/2013 11:39

  • The U.S. Economy in 3 Dimensions
  • Bernanke Wants Time
  • Educated Guesses As To Outcome

Yet again, the market finds itself waiting on sentiment from the U.S., specifically, Fed Chairman Ben Bernanke’s speech, and for many investors that will mean something is coming, but will it be »

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FXSNIP: USD/JPY Yen Continues To Trade Higher

21/05/2013 10:00

For the 24 hours to 23:00 GMT, the USD weakened 0.56% against the JPY and closed at 102.15 reports GCI Finacial The Yen continued to trade higher on Japan Economy Minister, Akira Amari’s commen »

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Metals Update: Aluminium Made It Through 1860

21/05/2013 09:00

Aluminium has been quite directionless but made it through 1860. We then struggled at Friday’s high of 1866. If we make it higher today we run in to resistance at 1885 & again at 1895. Thi »

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Commodities: Brent Crude Made High As Expected

21/05/2013 08:04

Brent Crude did push on for 105.31 & made a high for a high for the day exactly here as predicted. We are overbought now & should see some profit taking after 4 days of gains but if we continue »

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Catching A Falling Knife

21/05/2013 07:52

  • Consolidation In The Near Term
  • Keep An Eye On US Treasury Yields
  • Is It Time To Buy AUD?

USD/JPY’s pull back is proving short lived as Japanese Economy Minister Amari attempted to backtrack from his earlier comments that warned about the negative impact of a weaker JPY on “peo »

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FXSNIP: GBP/USD Watch Out For Cable

21/05/2013 07:11

Cable has not yet turned bullish on the daily charts, but we are turning this way reports Carol Harmer, Charmercharts.com So we, at the moment, favour buying weakness. We have our two trend line »

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Morning Forex Review: Bof E "Inflation Set To Edge Higher"

21/05/2013 06:50

  • Lower UK Inflation Would Be Nice
  • Germany Back In The Spotlight
  • Attention Shifts To Japan Overnight

The UK announces the consumer and producer price indices for April. The CPI is forecast to be up +0.5% mom in April, an acceleration from +0.3% mom in March, but this would actually be a decline on a »

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Technical Analysis Video: GBP/USD Continuation Of Downward Trend

20/05/2013 16:24

Sharp reversal at the start of this month from 1.5600 on GBPUSD and through the rising trend-line connected from March lows suggests that corrective rally is complete and that bears are taking place r »

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EXCLUSIVE: This Weeks Top 3 FX Ideas by Forex.Com

20/05/2013 14:11

EXCLUSIVE to Forexspace.com- This Weeks Top 3 FX Ideas, prepared by Kathleen Brooks, Research Director , Forex.com.  DOLLAR:  Cautious Outlook , Awaiting Bernanke's Speech Outcome on Weds »

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Reflection Time For Dollar Bulls

20/05/2013 13:50

  • Japan Voice Concerns Over Yen Decline
  • Can The USD And S&P 500 Develop A Beautiful Relationship?
  • USD Stars Were Aligned Last Week

It’s been pretty slow-going today as economic data has been thin on the ground reports Kathleen Brooks, Forex.com. Ranges in FX are fairly tight and stock markets are flat to fairly neutral. Cur »

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FXSNIP: AUD/USD Aussie Had Corrected Overnight

20/05/2013 12:26

Aussie has corrected overnight, but still within its downtrend channel which we hit at 9786..market went to 9793...and has backed away from this resistance writes Carol Harmer, Charmercharts.com. »

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Technical Analysis: EUR/USD Falling Sharply

20/05/2013 10:49

  • EUR/USD falls after breaking support trendline of minor ABC correction
  • Sell targets: 1.2750, 1.2660, 1.2400
  • Strong resistance barrier at 1.3200

EUR/USD has been falling sharply in the last few days. EUR/USD falls after breaking support trendline of minor ABC correction After completing the intermediate upward ABC correction, which is in its »

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Central Banks In Focus

20/05/2013 10:37

European shares are expected to open higher on Monday as investors await the outcomes of several central bank meetings this week reports CNBC. The FTSE is called up 18 points at 6,741, the Germa »

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FXSNIP: GBP/USD GBP Fell 0.69% Against The USD

20/05/2013 08:12

On Friday, GBP fell 0.69% against the USD and closed at 1.5171 reports GCI Financial. The Rightmove house prices data from the UK released over the weekend indicated an improvement in the UK housing »

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Bright Global Market Picture Is Not All It Seems

20/05/2013 07:22

  • Questions Over Japans Sustained Growth
  • Europe In The Doldrums
  • Japan Remains Under Pressure

To casual observers the global market picture look very good, reflective of an improving growth and earnings story; risk assets continue to rally as central banks keep the liquidity taps open writes M »

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Commodities: Gold- What Next?

20/05/2013 07:17

Gold came lower as we knew it would..now what questions Carol Harmer, Charmercharts.com We are now entering the target zone of 1335/25 and I do think we will see Gold bounce from here. On the we »

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Economic Indicators: Looking Very Light

20/05/2013 06:49

The day is light on economic data. In the EU, only Italian industrial orders and sales are due out. No forecasts available. In the US, the Chicago Fed National Activity Survey will be released. No fo »

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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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