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EUR/GBP declines over recent weeks appear to have been temporarily stalled in the face of a bullish development. The MACD line is tracing higher lows, when compared to recent sessions...
Trading Ideas
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Khurram Mustafa, 2 November 2015, 20:02
The most recent calls from the European Central Bank and its peer U.S. Federal Reserve witness the central banks' monetary policies are diverging...
Analytics & Forecasts
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Alice F, 2 November 2015, 20:01 #Janet Yellen, investing
AUDUSD has settled into a period of consolidation after yesterday's activity in Asia with a bid on the back of better than expected Chinese Caixan manufacturing PMI's for September at 48.3 vs 47.5 consensus and 47.2 previous...
Forecasts
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Khurram Mustafa, 2 November 2015, 19:03
Reached a daily high at 1.1052 at the beginning of the New York session, but failed to hold gains and it has been slowly grinding lower over the last hours. EUR/USD retreated to the 1...
Currency
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Khurram Mustafa, 2 November 2015, 18:52
W1 price is on primary bearish with secondary ranging within the following key support/resistance levels: 0.7381 resistance level, and 0.6907 support level...
Analytics & Forecasts
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Sergey Golubev, 2 November 2015, 18:11 #Ichimoku
has been pressured below the 20 SMA on the hourly chart after a robust start to the week in Asia, despite the troublesome data from China and continued negative outlooks and implications for commodity prices. Also, NZ Finmin warns that RBNZ OCR will likely go down...
Currency
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Khurram Mustafa, 2 November 2015, 18:06
The US central bank has clearly signalled that a first interest rate hike in December is not off the table yet. According to Thu Lan Nguyen, analyst at Commerzbank, the market is now focusing on US economic data, especially from the labour market...
Forecasts
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Khurram Mustafa, 2 November 2015, 18:00
The US central bank has clearly signalled that a first interest rate hike in December is not off the table yet. According to Thu Lan Nguyen, analyst at Commerzbank, the market is now focusing on US economic data, especially from the labour market...
Banks
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Khurram Mustafa, 2 November 2015, 17:59
USDJPY advanced to fresh highs for the day as the greenback pick up pace over the last minutes, although it remains well within its last week range. USD/JPY broke above the 100-hour SMA and reached a daily peak of 120.77 in recent dealings. At time of writing, the pair was trading at 120...
Currency
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Khurram Mustafa, 2 November 2015, 17:52
was rejected from daily highs above the 100-day SMA and pulled back to trade around opening levels as the dollar managed to trim some of its last sessions’ losses. GBP/USD climbed above the 100-day SMA and reached its highest level in 10 days, but faltered a few pips ahead of the 1.55 mark...
Analytics & Forecasts
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Khurram Mustafa, 2 November 2015, 17:08

WTI

Prices for the West Texas Intermediate have recovered from session lows in the $45.60 area and are now trading in the mid-$46.00s per barrel...
Crude Oil
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Khurram Mustafa, 2 November 2015, 17:07
The greenback, tracked by the US Dollar Index, is trading on the negative ground around 96.80/75 following the results in the US calendar. US Dollar weaker post-data The dollar remains unable to pick up pace today in spite of the better-than-expected results from today’s releases...
Analytics & Forecasts
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Khurram Mustafa, 2 November 2015, 16:29
The drop in the gold prices appears to have stalled around USD 1134.15 (50% of July low-Oct high) after the US ISM data showed manufacturing activity stagnated in October. USD resilient So far, the markets have not reacted negatively to the weak US data...
Market News
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Khurram Mustafa, 2 November 2015, 16:19
The greenback is losing the grip vs. its Canadian neighbour on Monday, now sending USD/CAD to the area of 1.3080/75 following US data. USD/CAD turns negative near 1.3080 The pair has left the area above the 1.3100 handle despite better-than-expected results from the US docket today...
Market News
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Khurram Mustafa, 2 November 2015, 16:13
EUR/USD edged a few pips down but overall remained little changed within its recent range following the release of better than expected US PMIs data. The Institute for Supply Management (ISM) manufacturing index dipped to 50.1 in October from 50.2 the previous month, but came in above the 50...
Analytics & Forecasts
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Khurram Mustafa, 2 November 2015, 16:12

ISM

The Institute of Supply Management’s (ISM) manufacturing gauge remained stalled or neutral in October on account of weak global demand. The ISM printed at 50.1, which is slightly above the expected figure of 50.00, but below September’s 50.2...
Currency
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Khurram Mustafa, 2 November 2015, 16:10
The Markit’s gauge of manufacturing activity released today in the US showed the activity improved to six-month high on the back of a faster rise in output, new orders and employment levels. The final seasonally adjusted Markit US Manufacturing Purchasing Managers’ Index (PMI) printed at 54...
Market News
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Khurram Mustafa, 2 November 2015, 15:55
The performance of gold prices will hinge on the next move by the Federal Reserve, suggested BofA Merrill Lynch Global Research. Key Quotes “Our US economics team highlights that recent monetary easing in Europe and China has made a first rate hike by the Fed more likely this year”...
Metals
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Khurram Mustafa, 2 November 2015, 15:47
The graceful upward trajectory staged by the GBP/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days...
Market News
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Khurram Mustafa, 2 November 2015, 15:39
The Australian dollar entered a consolidation phase over the last hours following a positive response to Chinese data, as investors await the RBA policy decision due next Asian session. AUD/USD filed a downward opening gap and rose to a daily high of 0...
Currency
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Khurram Mustafa, 2 November 2015, 15:38