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GBP USD, “Great Britain Pound vs US Dollar” As we can see at the H1 chart, Pound has formed the zigzag in the wave (v), the bullish impulse in the wave (a), and then the wave (b). It’s highly likely that in the nearest future the pair may grow in the wave (c) of [ii]...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 03:04
The EUR/JPY pair fell on yen's strength, although remains within its recent range. A technical breakout of the USD/JPY which triggered stops was behind the EUR/USD decline towards 133.51 in the American afternoon...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 03:03
GBP USD, “Great Britain Pound vs US Dollar” After finishing the descending diagonal triangle, Pound started the correction. Later, the price formed the ascending impulse in the wave (a). Later, after completing the local correction, the pair may resume its growth in the wave (c...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 03:00
EUR USD, “Euro vs US Dollar” At the H1 chart, after finishing the diagonal triangle in the wave [v], the pair has rebounded from its lower border and started the correction. It looks like yesterday the market completed the wave [b] in the form of the double zigzag...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 02:57
EUR USD, “Euro vs US Dollar” Last week Eurodollar completed the descending impulse in the wave 3 or C. In the nearest future, the pair may continue forming the wave [c] of the current correction. Later, after finishing it, the price may try to resume its growth...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 02:56
Analysts at Rabobank explained that underlining there is still lots of juice in the 2015 global theme of “FX Wars”. Key Quotes: "(But sadly the wheel of time demands a new one for 2016), the RBNZ cut rates 25bp to 2...
Banks
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sathish kumar, 10 December 2015, 02:51
Making a note of China Central Bank’s open market operations, PBOC drains a net 50 bln Yuan for the week, versus a net 50 injection last week. As for today, PBOC injects 20 bln Yuan through 7 day reverse repos...
Market News
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sathish kumar, 10 December 2015, 02:47 #China
Having faded the recovery near 20-WMA, the USD/JPY pair was relentlessly offered once again as the sell-off in the Asian markets intensified. USD/JPY: Bearish bias intact Currently, the USD/JPY pair trades modestly flat 121.40, recovering slightly from fresh session lows struck at 121...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 02:43
USD CAD, “US Dollar vs Canadian Dollar” At the H1 chart, Super Trends provide support. The closest target is at the 8/8 level. If later the price rebounds from this level, the pair may start a new local descending correction, at least...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 02:37
USD CAD, “US Dollar vs Canadian Dollar” Canadian Dollar continues growing. Earlier, the price was supported by the 5/8 level, from which it rebounded several times. It’s highly likely that in the nearest future the market may test the 8/8 level...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 02:36
The H1 chart, the predicted target of the current ascending movement is at the 8/8 level. However, if Eurodollar doesn’t rebound from the 7/8 level in the nearest future, the price may resume its decline and break Super Trends...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 02:33
Headlines from the Reserve Bank of New Zealand (RBNZ) are now crossing the wires, with the central bank justifying its latest rate cut decision. Earlier on the day, the RBNZ slashed its official cash rate (OCR) for the fourth time this year, reducing it a quarter percentage point to 2.5...
Banks
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sathish kumar, 10 December 2015, 02:16
The Australian dollar rallied more than 1 big figure against its Japanese counterpart this session, with AUD/JPY storming through 89 handle, after the Australian jobless rate unexpectedly ticked lower in Nov. AUD/JPY spikes on jobs data Currently, the AUD/JPY pair rises 1...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 02:13
EUR GBP, “Euro vs Great Britain Pound” we can see at the H1 chart, the price may test the group of upper fibo-levels on Wednesday. It’s highly likely that during the day the pair may reach a new local high...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 02:01
EUR GBP, “Euro vs Great Britain Pound” In case of Europound, the situation is quite similar. The closest target is the group of local fibo-levels at 0.7295. If the market breaks t, the pair continue moving upwards much higher...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 02:01
EUR USD, “Euro vs US Dollar” we can see at the H1 chart, the current growth may continue towards the group of upper fibo-levels near the retracement of 50%. Earlier, the market rebounded from the correctional retracement of 38...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 01:58
EUR USD, “Euro vs US Dollar” In case of Eurodollar, the correction continues. Later, the pair may resume growing with the closest target at the group of fibo-levels near the retracement of 50%. If this level is broken, the market may continue its growth towards the retracement of 61.8...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 01:56
AUD/USD is off on the bid after a very strong jobs numbers, almost fairy tale stuff, and just in time for the bulls as the pair was looking as though it was a tried position on the bid and an overdue correction was on the cards. However, the 0...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 01:53
The overnight recovery in the USD/JPY pair lost steam near 20-WMA located at 121.72, and the prices retreated slightly following negative opening in the Japanese stocks. USD/JPY bounces-off strong support near 50-WMA Currently, the USD/JPY pair trades 0.15% higher at 121...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 01:48 #usd/jpy
The latest employment figures from Australia, as released by Australian Bureau of Statistics (ABS), surprised markets to the upside in Nov, with the unemployment rate falling 0.1 pts to the lowest since May 2014 at 5.8% against 5.9% seen in Oct...
Market News
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sathish kumar, 10 December 2015, 01:45