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AUD/USD has halted just ahead of the base of the 2013-2015 down channel at 0.7597. Key Quotes: "This is holding currently for a small rebound. We note the divergence of the RSI." "Initial resistance is 0.8034 (7th Jan low). Key resistance is the 0.8130 downtrend...
Currency
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Andrius Kulvinskas, 4 February 2015, 20:33
Cable reached earlier at 1.5249 the strongest level since January 15 but after Wall Street opening bell lost strength. Recently the pair dropped to 1.5190 and currently is hovering around 1.5200/10. The GBP/USD pair is still up for the day, headed toward the second daily gain in a row...
Currency
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Andrius Kulvinskas, 4 February 2015, 20:31 #GBP/USD
increasing volatility in the FX markets. Key Quotes “Higher currency volatility will increase both the riskiness and the cost of crossborder transactions, whether it is trade in goods or capital flows”...
Market News
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Andrius Kulvinskas, 4 February 2015, 17:56
The US dollar is recovering ground after its worst day in more than a year and it is performing better than its major competitors. The USD's advance is pressuring the oil and US stocks to the downside...
Market News
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Andrius Kulvinskas, 4 February 2015, 17:53 #eur/gbp, usd/jpy, GBP/USD
AUD/USD is currently trading at 0.7762 with a high of 0.7851 and low of 0.7746. The greenback has flexed its muscles again and is denying the bulls. AUD/USD is in clear bearish territory on the longer dated sticks, changing hands below critical support-turned-resistance of June 2010 at 0...
Currency
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Andrius Kulvinskas, 4 February 2015, 17:02
The USD/CAD extended gains to trade well above 1.25 levels on a weak Canadian Ivey PMI data and an upbeat US ISM non-manufacturing data. USD/CAD rises to 1.2550 The pair rose to 1.2550 as the CAD suffered a double blow in the form of weak data and falling Crude prices...
Currency
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Andrius Kulvinskas, 4 February 2015, 16:31 #usd/cad
Valeria Bednarik, Chief Analyst at FXStreet, comments that technicals suggest AUD/USD outlook remains bearish in the short-term, expecting the pair to resume its decline one a break of 0.7735 levels...
Currency
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Andrius Kulvinskas, 4 February 2015, 16:13
EUR/USD continues to give away part of Tuesday’s gains, now returning to the area of 1.1430, or session lows. EUR/USD focus on US calendar Spot has already retraced over a big-figure since yesterday’s tops around the mid-1...
Currency
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Andrius Kulvinskas, 4 February 2015, 15:45 #EUR/USD
The greenback advanced versus the loonie on Wednesday following 2 days of losses and a 2-week low, as oil reversal underpinned USD/CAD. USD/CAD bottomed out at 1...
Currency
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Andrius Kulvinskas, 4 February 2015, 15:32 #usd/cad
Chinese banks are among those in talks to take part in the replacement for the century-old gold fixing benchmark...
Metals
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BlondieNews, 4 February 2015, 15:11 #xauusd, gold
FXStreet Editor and Analyst, Omkar Godbole, views that WTI Crude might resume its fall on supply concerns, expecting today’s numbers to show an increase in supply by 3.7 million barrels, adding to the 6 million barrels increase already reported by the API...
Crude Oil
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Andrius Kulvinskas, 4 February 2015, 15:08
On Wednesday the pound sterling traded higher vs the greenback after data showing the U.K. service sector output grew at a faster than expected rate in January after slowing at the end of last year...
Currency
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News, 4 February 2015, 13:56 #Bank of England, GBP/USD
Greek Finance Minister Yanis Varoufakis extended his 'European tour' on Wednesday to Frankfurt, where he met European Central Bank (ECB) President Mario Draghi to discuss the possibility of debt relief for the embattled country...
Market News
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Andrius Kulvinskas, 4 February 2015, 12:56
On Wednesday the greenback was broadly higher vs peers, as market players worried over Greece's plans to renegotiate its bailout, while keeping an eye on upcoming U.S. jobs and service sector data. The euro slipped lower despite upbeat...
Currency
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News, 4 February 2015, 12:46 #Bank of England, GBP/USD
Jane Foley, Senior Currency Strategist at Rabobank, forecasts USD/CAD to move towards 1.28 levels over the next 3 months, citing CAD’s sensitivity to oil prices...
Currency
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Andrius Kulvinskas, 4 February 2015, 12:41 #usd/cad
According to BofA-Merrill Lynch, Fed might hike rates by 25bp in September, and follow with similar hikes at its other meetings, in spite of inflation remaining below the Fed’s target...
Market News
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Andrius Kulvinskas, 4 February 2015, 12:29
WTI Oil futures on NYMEX snapped its three-day rally and declined today, moving away from fresh monthly highs as traders remain cautious ahead of a US inventory report. WTI below USD 52/ barrel Currently, WTI oil trades 3.06% lower at USD 51...
Crude Oil
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Andrius Kulvinskas, 4 February 2015, 12:26
Gold prices extended gains to trade above the 50-week average located at USD 1266.25/Oz levels after China announced a cut in its reserve requirement rate...
Metals
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Andrius Kulvinskas, 4 February 2015, 12:23 #gold
After being alerted of prices being near a down trendline in NZDCAD, it also can be seen that Analytical Trader is pointing that the background is weak both in M30 and H1, which is a good indication...
Crude Oil
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Leonardo Barata, 4 February 2015, 12:16
The AUD/USD inched closer to 0.7850 levels after the People’s Bank of China (Pboc) cut reserve requirement ratio to 19.5% from 20.0%. Gains capped by weakness in commodities The pair currently trades at 0.7807levels after having hit a high of 0...
Currency
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Andrius Kulvinskas, 4 February 2015, 12:09