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Research Team at Goldman Sachs, suggests that after incorporating small downward revisions to inventories and public works, they forecast that Q3 real GDP will be revised to +0.2% from the preliminary -0.8% decline...
Market News
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sathish kumar, 8 December 2015, 07:44
Research Team at TDS, sees downside risks to UK Oct manufacturing output, where they see -0.6% (mkt -0.2%) after the healthy +0.8% for Sep. Key Quotes “The sector is feeling the strains of a relatively high GBP, and will continue to be a drag on UK growth...
Currency
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sathish kumar, 8 December 2015, 07:38
Research Team at BBH, expects that the BoE will keep policy is on hold though there may still be one (and only one) MPC member that is resisting, favouring a hike in its upcoming meet. Key Quotes “There have been four macro-developments for the MPC to consider...
Market News
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sathish kumar, 8 December 2015, 07:35 #Bank of England
The offered tone on the AUD picks-up pace in the late-Asian trades, drowning AUD/USD deeper into the red towards 50-DMA as markets digest weak China trade data. AUD/USD drops to fresh 5-day low Currently, the AUD/USD pair trades -0.57% lower at fresh five-day lows of 0...
Currency
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sathish kumar, 8 December 2015, 07:10
Research Team at BBH, suggests that the US employment data removed what was perceived as the last potential hurdle to Fed decision to hike rates later this month...
Market News
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sathish kumar, 8 December 2015, 06:52
Research Team at BBH, notes that a Bloomberg survey found 15 of 18 economists expect the RBNZ to cut the cash rate by 25 bp, bringing it to 2.50%. Key Quotes “The vast majority expect this to be the last cut in the cycle...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 06:48
Deutsche Bank made a long-term forecast for USD/SEK stated that this pair will continuing with the ranging condition up to the end of this year: the price is traded to be on bullish ranging within 8.02 support level and 8...
Currency
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Sergey Golubev, 8 December 2015, 06:11 #technical analysis
Research Team at NAB, notes that the latest NAB Monthly Business Survey suggests the apparent recovery in the non-mining economy has remained on track, with business conditions holding up at above average levels for the past nine months...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:42
In US dollar terms, China’s trade surplus contracted $54.10 billion for the month, down from October's record high of $61.64 billion. Imports fell for the 13th consecutive month, though the decline eased last month. Imports fell 8.7%, against forecasts of a 12.6 % decline and a drop of 18...
Market News
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sathish kumar, 8 December 2015, 05:38
Research Team at NAB economics, is forecasting Indian economy to register a 7.5% expansion in 2015, followed by 7.6% in 2016. Key Quotes • “India’s economy accelerated in the September quarter 2015, with Real GDP growing by 7.4% yoy, up from 7% in the June quarter...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:35
Risk-off trades re-emerged in Asia following the release of weak Chinese trade data, which boosted gold’s safe-haven appeal and aided the recovery in the bullion from near 1066 levels. Gold: Revisits daily highs near 1072.50 Currently, gold trades marginally higher at 1071...
Metals
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sathish kumar, 8 December 2015, 05:33 #gold
Research Team at BBH, notes that China's reserves fell by a little more than $87 bln in November, marking its third largest decline it has recorded, and a little below the $94 bln drop reported in August. Key Quotes “The euro fell 4% in November...
Market News
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sathish kumar, 8 December 2015, 05:30
The EUR/JPY wavers in a tight range after opening a tad higher at Tokyo on the back of higher demand for the yen following negative equities and above estimates Japan’s Q3 GDP figures. EUR/JPY: Bearish pressures intact Currently, the EUR/JPY pair drops -0.06% to 133.60, with 5-DMA at 133...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:27
The EUR/USD’s recovery from near 1.08 handle gains further traction in mid-Asia, with the bulls jumping-off hourly 20-SMA support near 1.0830 region. EUR/USD bounces on increased safe-haven appeal Currently, the EUR/USD pair trades 0.20% higher at fresh session highs of 1...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:20 #EUR/USD
EURGBP- Having reversed its intra day losses to close slightly higher on a rejection candle on Monday, bull pressure now builds up on resistance zone at 0.7250. On the upside, resistance lies at the 0.7240 level where a violation if seen will turn risk towards the 0.7280 level. Further out, the 0...
Analytics & Forecasts
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FXTechstrategy Team, 8 December 2015, 05:19
The Japanese yen snaps losses and extends gains against its American rival in the mid-Asian session, with USD/JPY breaching key support near 123.10 region. USD/JPY on its way to hourly 200-SMA Currently, the USD/JPY pair trades -0.24% lower at fresh session lows of 123...
Market News
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sathish kumar, 8 December 2015, 05:15 #usd/jpy
The Aussie keeps range below hourly 20-SMA at 0.7278 following the release of the sluggish Chinese trade figures, which once again raised worries over the country’s external demand. China data disappoints again Currently, the AUD/USD pair trades -0.11% lower at 0...
Currency
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sathish kumar, 8 December 2015, 05:10
USD CAD, “US Dollar vs Canadian Dollar”At the H1 chart, the price is moving at the top as well. If the pair breaks the +2/8 level during the day, the lines at the chart will be redrawn...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:09
USD CAD, “US Dollar vs Canadian Dollar”At the H1 chart, the price is moving at the top as well. If the pair breaks the +2/8 level during the day, the lines at the chart will be redrawn...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:08
USD CAD, “US Dollar vs Canadian Dollar” Canadian Dollar is trying to stay above the 8/8 level inside “overbought zone”. Earlier, the price was supported by the 6/8 level and rebounded from it several times. In the nearest future, the market may continue moving towards the +2/8 level...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:03