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AUD/JPY: Tracking the Upside but Overdone? AUD/JPY is currently is trading at 84.33 with a high of 84.53 and a low of 84.09. AUD/JPY has tracked the recovery in of both USD/JPY and the Aussie...
Currency
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Roberto Jacobs, 7 March 2016, 04:51
A British decision to leave the European Union would be “poison” for the UK, European and global economies that would last for years, the German finance minister has said...
Market News
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Francis Dogbe, 6 March 2016, 19:11
The US dollar fell against all the major and most of the emerging market currencies last week. Risk appetites have been rekindled, and the yen has gone from the best performer in recent weeks to the worst over the past week. Major equity markets advanced for the third week...
Market News
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Francis Dogbe, 6 March 2016, 09:35
Seven years ago on Saturday (5 March), the Bank of England slashed interest rates to a record low of 0.5%. At the time, the cut and plans to pump billions of pounds of electronic money into the economy seemed like an emergency measure to cushion the UK from the global financial crisis...
Market News
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Francis Dogbe, 6 March 2016, 09:02 #QE
The US dollar found itself under pressure this week as despite a run of relatively positive economic numbers, the Fed hinted that the March meeting will not really be a ‘live’ one...
Market News
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Francis Dogbe, 5 March 2016, 22:13
According to today's employment report, 59.8 percent of Americans ages 16 and older had jobs in February. That's the highest employment-to-population ratio in years, and the rate of increase is clearly on the rise. Look back some more years, though, and the story is different...
Market News
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Francis Dogbe, 5 March 2016, 18:12
Remember the hype over bitcoin? The crypto-currency that so tantalized techies and excited investors is today in a sorry state: Its core supporters are at war with each other and ordinary consumers still don’t care about this supposedly revolutionary form of money...
Market News
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Francis Dogbe, 5 March 2016, 07:16 #bitcoin
Americas Roundup:u.s. Dollar falls As Drop in U.s. Wages Suggests Dovish Fed, Gold Retreats from 13-Month High in Volatile 05 Maret 2016 6:25 AM Market Roundup US Feb nonfarm payrolls rise by 242k vs forecast 190k, Avg hourly earnings -0.1% v 0.2% forecast. US labor force part rate 62.9% v 62...
Market News
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Roberto Jacobs, 5 March 2016, 04:37
On 23 June 2016, the UK will hold a referendum on whether to remain part of the EU. Suppose the UK votes to leave the EU. What happens next? Unfortunately, no one knows. A vote to remain in the EU would be a vote to maintain the status quo...
Market News
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Francis Dogbe, 4 March 2016, 21:55
USD/CAD Selloff to Persist on Upbeat Bank of Canada (BoC) Talking Points: - USD/CAD Slips to Fresh Monthly Low; Retail FX Remains Net-Long Ahead of BoC Meeting. - USDOLLAR Extends Decline Amid Slowing U.S. Wage Growth; Fed’s Fischer & Brainard in Focus. USD/CAD...
Market News
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Mohammed Abdulwadud Soubra, 4 March 2016, 20:21
Content courtesy of Tallinex Limited (https://www.tallinex.com) GOLD (XAUUSD) Dominant bias: Bullish Gold has been moving upwards since the beginning of this year - the first 7 trading days of February being especially significant. Price topped at 1263...
Metals
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1246536 Ernest G., 4 March 2016, 16:53
Gold Falls Back to Monthly 100-MA Ahead of Non-Farm Payrolls Report Investors are scaling back their positions in Gold ahead of the US non-farm payrolls release, pushing the metal back to around monthly 100-MA at $1263 levels...
Metals
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Roberto Jacobs, 4 March 2016, 14:52 #gold
United States Nonfarm Payrolls came in at 242K, above expectations (190K) in February United States Average Hourly Earnings (MoM) registered at -0.1%, below expectations (0.2%) in February United States Unemployment Rate in line with forecasts (4.9%) in February (Market News Provided by FXstreet...
Market News
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Roberto Jacobs, 4 March 2016, 14:48
Investors are focusing their attention on February’s US jobs report which will be released at 13:30 GMT. We are expecting the Nonfarm payrolls which is expected to rise from January’s disappointing 151 to 190, the unemployment rate and inflation of wages is expected to remain unchanged at 4...
Currency
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Daniel Bancans, 4 March 2016, 11:13 #forex
Talking Points: February’s US employment report in the spotlight across financial markets Data’s non-impact on March rate hike bets may restrict trend development Upside surprise may translate into US Dollar strength in the weeks ahead All eyes are on February’s US Employment report in the final...
Market News
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Mohammed Abdulwadud Soubra, 4 March 2016, 09:39
Pivot Points_Daily Last Updated: Mar 4, 11:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.06875 1.08068 1.08806 1.09261 1.09999 1.10454 1.11647 USD/JPY 111.794 112.765 113.213 113.736 114.184 114.707 115.678 GBP/USD 1.38081 1.397 1.40706 1.41319 1.42325 1.42938 1.44557 USD/CHF 0.97492 0...
Market News
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Mohammed Abdulwadud Soubra, 4 March 2016, 09:30
USD/CAD Consolidates in the Low-1.3400s, Payrolls eyed The Canadian dollar is giving away some of its recent gains vs. the greenback, with USD/CAD now meandering a narrow range in the 1.3415/10 region...
Currency
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Roberto Jacobs, 4 March 2016, 08:23
USD/JPY: Recovery Picks-up Pace, Nears 114 The USD/JPY pair found good support near 113.25 region and swung back higher, in response to the renewed rally seen in the Chinese equities. USD/JPY takes-out support-turned resistance 20-DMA at 113...
Currency
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Roberto Jacobs, 4 March 2016, 08:20
I know a few "veteran" traders who have been trading for more than 5 years but never made a single cent in Forex... Weird? ... Yes, but true.. Perhaps it was the lack of understanding on how the market works.. Perhaps it was because of the tendency to drift from one system to another... Perhaps...
Market News
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Krish Lee, 4 March 2016, 07:48 #forex
NZD/USD: After Range Bound Trading, Eventual Break Will Be Downwards - Westpac Imre Speizer, Research Analyst at Westpac, notes that the NZD/USD remains stuck in a month-old range of 0.6550-0.6750, but we expect the eventual break will be downwards...
Currency
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Roberto Jacobs, 4 March 2016, 07:15 #nzdusd