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Video 5: Market DNA & Trading Strategies

18/06/2013 18:58

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?

18/06/2013 18:18

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?

18/06/2013 18:08

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

18/06/2013 15:21

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

18/06/2013 14:20

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

18/06/2013 13:31

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?

18/06/2013 10:47

  • 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

18/06/2013 09:18

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

18/06/2013 07:44

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

18/06/2013 07:38

  • 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

18/06/2013 07:35

  • 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?

2:34pm yesterday

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

2:23pm yesterday

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?

11:24am yesterday

  • 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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Copper Update: Pushed But Not Reached Target

7:19am yesterday

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

7:13am yesterday

  • 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

6:56am yesterday

  • 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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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: 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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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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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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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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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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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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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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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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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 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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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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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: 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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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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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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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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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.  »

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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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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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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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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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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 ② of the larger primary upward impulse sequence which »

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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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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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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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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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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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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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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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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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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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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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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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