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Friday Funny: High Net Worth Comes At A Price

4:22pm today

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

3:38pm today

  • 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?

1:08pm today

  • 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

10:36am today

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

10:24am today

    • 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

9:18am today

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

8:06am today

  • 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

7:21am today

  • 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

7:10am today

  • 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

4:20pm yesterday

  • 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

3:48pm yesterday

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?

12:13pm yesterday

  • 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

11:48am yesterday

  • 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

8:35am yesterday

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

8:29am yesterday

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!

7:30am yesterday

  • 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

7:18am yesterday

  • 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: Natural Gas Breaks Above 4.097

21/05/2013 09:00

Natural Gas did break above 4.097 to take us up towards 4.163. We did struggle in this area & make a high for the day exactly as predicted but if we push on today we could reach 4.230/250. We ar »

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

16/05/2013 07:16

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

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

16/05/2013 07:14

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

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

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EUROZONE: EU Growth Data Disappoints

15/05/2013 15:32

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

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AUD/USD Extended Its Weakness

15/05/2013 15:01

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

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Bank Of England Inflation Report: Justified Optimism?

15/05/2013 14:54

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

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Bow to the King- BoE Governor Ends With A Smile

15/05/2013 11:59

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

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

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Nikkei Hit 14900/1500 Target

15/05/2013 11:18

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

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AUD/CAD Falling Sharply

15/05/2013 11:07

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

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

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Gold: Gold Traded Lower Amid Strength In The US Dollar

15/05/2013 08:19

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

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

15/05/2013 07:52

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

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Technical Analysis: S&P/TSX Held Above 715

15/05/2013 07:42

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

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

15/05/2013 07:23

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

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

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Broker News: Saxo Launch Trade Navigator

14/05/2013 17:05

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

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Euro Tripped Up By A Slammed Aussie

14/05/2013 16:01

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

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

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The European Bail-In And The EUR

14/05/2013 14:01

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

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

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Dollar Appetite, Faded Or Whetted?

14/05/2013 12:29

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

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

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FX SNIP: USDJPY Profit Taking As Predicted

14/05/2013 11:30

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

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Market Summary: The Big Picture

14/05/2013 11:06

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

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

14/05/2013 09:02

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

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Morning Forex Review: Part Two

14/05/2013 08:14

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

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

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Technical Analysis: S&P/TSX 60 Tested Support

14/05/2013 07:05

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

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

14/05/2013 06:52

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

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

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EURUSD: German – US Yield Spread Approaches A Key Level

13/05/2013 17:39

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

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USD/JPY Loses Grip On ¥102.00

13/05/2013 16:40

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

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Market Summary: GBP, EUR & USD

13/05/2013 12:45

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

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

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EURUSD Technical Analysis-Uptrend

13/05/2013 11:46

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

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

13/05/2013 09:04

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

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FX SNIP: EUR/JPY -Moving For 44 Weeks

13/05/2013 07:50

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

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

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US Dollar Surges Through Key Levels

13/05/2013 07:00

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

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

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Morning Forex Review: Not Such A Manic Monday

13/05/2013 06:47

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

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

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Friday Funny: Daze Of The Week

10/05/2013 16:32

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

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Falling Yen Prompts A Global SellOff

10/05/2013 16:15

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

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

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The Asian Markets Are Having All The Fun!

10/05/2013 11:43

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

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

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Sterling Poised To Outperform Euro

10/05/2013 09:55

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

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

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Technical Analysis: EUR/CAD

10/05/2013 09:29

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

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

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Gold Reacting Well

10/05/2013 09:21

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

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

10/05/2013 07:05

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

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

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Technical Analysis: Bund Recovery

10/05/2013 07:02

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

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GasOil: Holds Support

10/05/2013 06:55

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

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FXSNIP: EUR/USD Euro Reacted Well

10/05/2013 06:47

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

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Market Summary: Gold Under Pressure & RBOB Overbought

10/05/2013 06:37

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

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

09/05/2013 14:58

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

     

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

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EURO Choked By Options, Awaits A Catalyst

09/05/2013 13:24

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

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

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

09/05/2013 11:13

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

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Gold Has Double Topped...

09/05/2013 09:42

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

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GBP facing resistance, CHF pressured

09/05/2013 08:05

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

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

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Technical Analysis: Bunds Held Position

09/05/2013 07:55

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

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Technical Analysis: RBOB Gasoline Edging Higher

09/05/2013 07:49

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

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

09/05/2013 07:34

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

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

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Kiwi Likely To Fall Further

08/05/2013 16:15

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

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

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Equity House Of Cards Continues To Get Higher

08/05/2013 13:59

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

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

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The EURO Bull Is Being Eased Along

08/05/2013 12:19

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

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

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Technical Analysis: USD/JPY Rising Sharply

08/05/2013 10:45

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

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

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

08/05/2013 09:17

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

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

08/05/2013 09:15

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

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

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FX SNIP: EUR/USD

08/05/2013 08:11

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

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

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Technical Analysis: Schatz Failed & Broke 110.75/74 Support

08/05/2013 07:38

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

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Technical Analysis: GasOil Failed To Reach 875.25

08/05/2013 07:07

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

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Morning Forex Review: All Quiet On The Wednesday Front

08/05/2013 06:56

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

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Aussie Plummets On RBA Rate Cut

07/05/2013 15:13

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

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

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EURO’s Zest For Loftier Heights

07/05/2013 12:34

  • AUD/USD
  • AUD/JPY
  • EUR/GBP

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

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Forecast For Sterling Today

07/05/2013 12:07

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

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

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Time For Caution On The Dax?

07/05/2013 09:45

  • Bulls & Bears Have Strong Cases
  • Technical Persective

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

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

07/05/2013 09:17

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

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

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Stocks Update: Gilts Plunged On Friday to 119.36

07/05/2013 07:03

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

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Technical Analysis: GasOil Has Reached Strong Resistance

07/05/2013 06:57

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

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

07/05/2013 06:54

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

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

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Technical Analysis: GBP/NZD

06/05/2013 08:51

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

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

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Morning Forex Review: Manufacturing Sector Still In A Slump

06/05/2013 08:05

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

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

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Friday Funny: US Court Recorders

03/05/2013 18:30

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

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US Payrolls Brighten US Outlook

03/05/2013 15:06

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

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

03/05/2013 12:25

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

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Silver Lining For Italian Equities

03/05/2013 11:16

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

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

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Technical Analysis: EUR/AUD Continues Strong Downward Trend

03/05/2013 10:06

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

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

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FX SNIP: USD Strengthened against JPY

03/05/2013 08:24

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

The Joke....

03/05/2013 07:04

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

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

03/05/2013 06:57

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

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Technical Analysis: FTSE Up To 6432/42

03/05/2013 06:56

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

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

03/05/2013 06:48

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

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

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Technical Analysis: Euro Stoxx Shot To 2708

03/05/2013 06:42

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

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Fundamental Update: The ECB, The Pope & The Euro

02/05/2013 21:26

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

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

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After All That Its Business As Usual In The Eurozone

02/05/2013 15:34

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

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Draghi:"Do Not Unravel Progress"

02/05/2013 13:56

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

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ECB Rate Cuts To A Record Low

02/05/2013 13:44

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

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FXSNIP: AUD Weakens Against The Dollar

02/05/2013 11:05

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

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OMC Shifts The Debate

02/05/2013 10:53

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

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

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Technical Analysis: DAX Headed Higher

02/05/2013 10:49

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

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

02/05/2013 07:36

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

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TECHNICAL ANALYSIS: Euro Stoxx Failed Again

02/05/2013 06:50

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

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

02/05/2013 06:43

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

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

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ECB Potential To Boost Credit For European SME's

01/05/2013 16:04

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

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

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Pound Rallies Amidst Signs Of Growth

01/05/2013 13:18

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

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

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Technical Analysis: NZD/JPY

01/05/2013 10:07

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

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

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

01/05/2013 08:42

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

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

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TECHNICAL ANALYSIS: FTSE Failed At 6443/47

01/05/2013 07:34

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

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Technical Analysis: Gas Oil Remains Under Pressure

01/05/2013 07:25

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

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Morning Forex Review: All Eyes On The FOMC Decision

01/05/2013 07:13

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

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

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A 25-bps Rate Cut Could Boost The Euro

30/04/2013 17:09

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

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

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COMMODITIES: Gold Bugs, Back From the Dead?

30/04/2013 14:00

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

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

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VIDEO TECHNICAL ANALYSIS: AUD/USD

30/04/2013 12:59

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

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Spreadex First Firm To Offer Bitcoin Trading

30/04/2013 11:12

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

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FOREX INSIGHT:Focus on Fed before ECB

30/04/2013 09:49

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

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

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

30/04/2013 09:03

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

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FXSNIP: EUR/USD Holding Resistance

30/04/2013 07:15

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

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FUTURES UPDATE: Mini Dow Jones

30/04/2013 07:13

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

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

30/04/2013 07:10

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

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

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

29/04/2013 16:20

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

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

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Forex Education: The Time Advantage with Smart Money Trend Trading

29/04/2013 14:29

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

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Automated Trading: MQL5 Program

29/04/2013 13:40

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

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FOREX INSIGHT: The Week Ahead

29/04/2013 12:13

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


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

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COMMODITIES UPDATE: Gold

29/04/2013 11:02

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

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FX SNIP: USD/SGD

29/04/2013 09:49

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

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

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TECHNICAL ANALYSIS: FTSE

29/04/2013 08:00

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

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TECHNICAL ANALYSIS: Euro Stoxx

29/04/2013 07:31

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

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

29/04/2013 07:18

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

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

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FOREX INSIGHT: Big Week For The UK Economy

26/04/2013 16:00

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

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

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FOREX INSIGHT: AUD/USD Moves Sideways

26/04/2013 12:13

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

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FX SNIP: EUR/NZD

26/04/2013 11:18

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

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

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FX SNIP: USD/JPY

26/04/2013 09:12

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

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Commodities Update: Zinc

26/04/2013 07:14

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

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Buoyant Economies Actually Full Of Holes

26/04/2013 07:00

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

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

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Morning Forex Review:Eurozone M3 Growth Is Forecast To Decline

26/04/2013 06:41

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

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

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Technical Analysis: NZD/USD

25/04/2013 13:00

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

 

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

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Five Of The Best: Forex Trading Books

25/04/2013 11:15

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

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Reaction to today's UK GDP Figures

25/04/2013 10:22

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

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Commodities Update:Gold

25/04/2013 07:44

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

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Morning Forex Review: UK to announce Q1 GDP

25/04/2013 07:28

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

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

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Positive Response of the British Pound to BoE Decision

24/04/2013 16:08

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

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EUR Stabilizes Around 1.30 on Rate Cut Speculation

24/04/2013 13:47

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

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Technical Reports: SXF

24/04/2013 09:00

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

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USD/CAD: Canadian retail sales increased in February

24/04/2013 08:35

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

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Metals Update:Copper

24/04/2013 07:28

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

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Morning Forex Review: IFO Index Brings Low Expectations

24/04/2013 07:08

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

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

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USD/JPY Boosted By Chinese PMI Drop

23/04/2013 17:21

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

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Technical Analysis: EUR/USD

23/04/2013 14:29

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

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

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Five Mobile Finance Trends on the Rise in 2013

23/04/2013 10:57

  • Cashless Payments
  • Social Media for Investors
  • Currency Trading

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

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