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Recently Stephen Poloz said that Canadian central bank expands its emergency kit to defend the economy against major shocks - it can use lower interest rates in the event of a crisis...
Banks
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News, 9 December 2015, 10:31 #usd/cad
The ECB member Edwald Nowotny defended the last week’s decision to cut deposit rates, but avoid increasing the size of the QE and said the central bank would not let the market expectations to influence its decision...
Market News
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sathish kumar, 9 December 2015, 10:27 #ECB
The ECB member Edwald Nowotny defended the last week’s decision to cut deposit rates, but avoid increasing the size of the QE and said the central bank would not let the market expectations to influence its decision...
Market News
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sathish kumar, 9 December 2015, 10:25 #ECB
Karen Jones, Head of FICC Technical Analysis at Commerzbank, the single currency could re-test the 1.0980 area vs. the greenback. Key Quotes “EUR/USD is attempting to stabilise very near term circa 1.08”. “There is scope for a further advance very near term to the 1.1032 200 day ma and even the 1...
Currency
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sathish kumar, 9 December 2015, 10:21 #EUR/USD
The IFO economic institute revised its 2016 German GDP forecasts higher and stated the private consumption will continue to drive the upswing. Key Points 2016 GDP forecast raised to +1.9% from the previous forecast of 1.8% 2015 GDP forecast lowered to +1.7% from the previous forecast of +1...
Market News
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sathish kumar, 9 December 2015, 10:18
The selling pressure on the AUD intensified in the European morning, knocking-off AUD/USD to fresh session lows below 0.72 handle. AUD/USD drops to 50-DMA Currently, the AUD/USD pair trades -0.28% lower at fresh session lows of 0.7193, heading for a retest of Tuesday’s low struck at 0.7184...
Currency
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sathish kumar, 9 December 2015, 10:15
Japan's core machinery orders threw in a surprise by rising 10.7 per cent in October, registering gains for the second straight month. The gains were higher than a 7.5 per cent increase in September, which had seen the first increase in core orders in four months...
Market News
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sathish kumar, 9 December 2015, 10:11
The EUR/USD pair trimmed gains to trade around 1.0915, while the European stocks trade mixed following a firmer start. Focus on stocks The shared currency could continue to track the movement in the European equities as the data docket is empty...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 10:06 #EUR/USD
The EUR/USD pair trimmed gains to trade around 1.0915, while the European stocks trade mixed following a firmer start. Focus on stocks The shared currency could continue to track the movement in the European equities as the data docket is empty...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 10:06 #EUR/USD
With the USD having appreciated consistently for approximately eighteen months, there is massive long positioning in the market...
Currency
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Sherif Hasan, 9 December 2015, 09:59
In the view of Pernille Henneberg, Senior Analyst at Danske Bank, the Norwegian krone remains vulnerable in light of the slump of crude oil prices and the prospects of rate cuts by the Norges Bank...
Currency
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sathish kumar, 9 December 2015, 09:58
The two-day rally seen in gold appears to lose steam near 5-DMA placed at 1079 levels and the price drifted lower amid positive sentiment on the European stocks. Gold: Higher lows on daily charts, breakout in sight? Currently, gold trades marginally higher at 1076...
Metals
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sathish kumar, 9 December 2015, 09:52 #gold
Market Summary EURUSD 15 min. chart: Long sentiment from 1.0918. The long zone starts from this level. EURUSD could be bought at any level till the price reach the targets above. Short sentiment from 1.0862. The selling zone starts from this level...
Trading Ideas
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fxsmartmoney, 9 December 2015, 09:50 #Trading, forex
For today R4 - 0.6866 R3 - 0.6813 R2 - 0.6792 R1 - 0.6747...
My Trading
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Andrius Kulvinskas, 9 December 2015, 09:38 #resistance, support
H4 price is on bullish market condition with the secondary correction: the price is traded near Ichimoku cloud and Senkou Span line which is the virtual border between the primary bullish and the primary bearish on the chart...
Analytics & Forecasts
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Sergey Golubev, 9 December 2015, 09:34 #nzdusd, Ichimoku
Research Team at BNP Paribas, notes that the USDCNY reached a new high this morning at 6.4250 as Chinese authorities allowed further RMB depreciation. Key Quotes “This trend is consistent with our expetctations that the pair will trend towards 6.60 during 2016 as the USD rebounds...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 09:33
The bid tone on the JPY is seen easing post-European open, sending USD/JPY back towards 123 handle as risk-on returns to markets. USD/JPY: Risk-on seeps back Currently, the USD/JPY pair trades -0.09% lower at 122.81, recovering from session lows reached at 122.64 levels...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 09:26
The Bank of England has held interest rates at record low of 0.5 per cent since March 2009. There is a lot of speculation in the market with respect to the timing of the rate hike. Bank Governor Mark Carney told lawmakers on that interest rates were likely to stay low for "some time...
Market News
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sathish kumar, 9 December 2015, 09:24 #Bank of England
The GBP/JPY pair ran into fresh bids near 184.02 (23.6% of 195.88-180.36) and recovered losses to trade largely unchanged around 184.45 levels. Stuck between key Fib levels The cross has been stuck between key fib levels – 184.02 (23.6% of 195.88-180.36) and 186.29 (38.2% of 195.88-180.36...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 09:21
The stock markets across Europe opened on a positive note, tracking the relief rally in oil. The mining-heavy London’s FTSE index advanced 0.4%. The pan-European Euro Stoxx 50 index was largely unchanged. France’s CAC was up 0.20%, while Germany’s DAX was trading dead flat...
Market News
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sathish kumar, 9 December 2015, 09:16