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For today R4 - 1.1562 / R3 - 1.1540 / R2 - 1.1534 / R1 - 1.1499 SPOT 1.1469 S1 - 1.1418 / S2 - 1.1391 / S3 - 1.1332 / S4 - 1.1304 LOOK FOR POSS BUY AT 1.1391/95...
My Trading
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Andrius Kulvinskas, 6 February 2015, 11:56 #resistance, support, EUR/USD
According to Valeria Bednarik, Chief Analyst at FXStreet, a strong US NFP print might trigger a decline in GBP/USD, but chances of a strong recovery are high if the pair sustains above 1.5250. Key Quotes “The GBP/USD pair holds to its latest gains, consolidating above the 1...
Forecasts
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Andrius Kulvinskas, 6 February 2015, 11:44 #GBP/USD
The ECB might roll back its government bond purchasing program sooner than was signaled should inflation reach the targeted levels, the bank's Governing Council member Bostjan Jazbec told the WSJ...
Market News
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Andrius Kulvinskas, 6 February 2015, 11:09 #QE, ECB
A 230K rise in U.S. Non-Farm Payrolls (NFP) accompanied by faster wage growth may heighten the appeal of the greenback and spur a short-term selloff in EUR/USD as it boosts expectations of seeing the Federal Open Market Committee (FOMC) normalize monetary policy in mid-2015...
Trading Systems
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Sergey Golubev, 6 February 2015, 11:04 #fundamental analysis
The GBP/USD fell below the 50-DMA located at 1.5325 after the data in the UK showed the total trade deficit in December rose more than expected, along with a sharp rise in the trade deficit with non-EU members. GBP/USD remains above 1.53 So far, the pair has managed to sustain gains above 1...
Currency
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Andrius Kulvinskas, 6 February 2015, 11:02 #GBP/USD
The shared currency is now trading in the lower bound of the intraday range vs. the US dollar, sending EUR/USD to the 1.1440/35 region. EUR/USD eyes on Payrolls The pair remain above the 1...
Currency
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Andrius Kulvinskas, 6 February 2015, 10:38 #EUR/USD
Will payrolls trigger a further USD correction? On Thursday, the ECB decision to stop accepting Greek bonds as collateral dominated market headlines. However, the impact on (currency) markets was moderate...
Trading Ideas
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Andrius Kulvinskas, 6 February 2015, 10:33
USD/CAD edged higher in the mid-European session, recovering losses from the previous session on strengthening US dollar across the board. Focus on US and Canada’s labour report Currently, the USD/CAD pair traded higher by 0.21% at fresh session highs of 1...
Currency
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Andrius Kulvinskas, 6 February 2015, 10:03 #usd/cad
Weekly digest compiles the latest news from the world of stocks and finance, currency and commodity news, as well as interesting informative articles for traders. Top news of the week: Greece's drama, its relations with Troika and future of European economy...
Events
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Alice F, 6 February 2015, 10:01
Crude prices in the US eased from the high of USD 52.00/barrel, as concerns of the supply glut, coupled with little prospects of easing from China caps gains witnessed due to violence in Libya...
Crude Oil
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Andrius Kulvinskas, 6 February 2015, 09:59
The KBC Bank Research Teamviews that with consensus remaining optimistic for the NFP print, and the recent US data coming out mixed, a slight disappointment may be felt from today’s payrolls data. Key Quotes “The consensus expects employment growth at 230.000 (from 252.0000...
Forecasts
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Andrius Kulvinskas, 6 February 2015, 09:56
AUDUSD - With AUDUSD threatening further corrective recovery, bull pressure is envisaged. On the downside, support resides at the 0.7750 level where a breach will aim at the 0.7700 level. Below that level will set the stage for a run at the 0...
Currency
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Andrius Kulvinskas, 6 February 2015, 09:13
James Knightley, Senior Economist at ING, comments that with the BoE already warning of upside risks to medium-term inflation, we suspect there will be a relatively hawkish tone in next week’s BoE’s inflation report...
Analytics & Forecasts
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Andrius Kulvinskas, 6 February 2015, 09:11
Finding a strong directional move is the first priority of any trend trader. However, when having to select a currency pair to trade, it can be difficult to identify the best trends. For the ADX 50 strategy we will be using the ADX (Average Directional Index) indicator for this process...
Trading Systems
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Sergey Golubev, 6 February 2015, 09:11 #Trading Strategies
The Canadian dollar continues to show strong movement this week, posting strong gains on Thursday. USD/CAD is trading in the mid-1.24 range in the North American session. On the release front, Canadian Trade Balance remained steady at C$-0.6 billion. In the US, key data was a mix on Thursday...
Trading Ideas
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Andrius Kulvinskas, 6 February 2015, 08:53 #usd/cad
Talking Points: Dollar at Risk of Sharp Reversal Given the Wrong NFP Step Euro: How Much Worse Can Things Get? British Pound Unmoved by BoE Decision, But Next’ Report Will Hit Dollar at Risk of Sharp Reversal Given the Wrong NFP Step...
Forecasts
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Andrius Kulvinskas, 6 February 2015, 08:48 #gold
The common currency largely bypassed the German data release, with EUR/USDsidelining around 1.1460/65. EUR/USD keeps the red The demand for the euro remains subdued on Friday while markets are exhibiting the classic flat-line pattern pre-US Payrolls...
Currency
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Andrius Kulvinskas, 6 February 2015, 08:43 #EUR/USD
According to FXStreet Editor and Analyst, Omkar Godbole, GBP/USD might remain stuck in the 1.5260-1.5340 range till the North American session opens. Key Quotes “The GBP/USD pair extended gains to 1.5340 levels in the previous session after having breached the resistance zone at 1.52-1...
Currency
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Andrius Kulvinskas, 6 February 2015, 08:38 #GBP/USD
The RBA Isn't Finished Loosening Monetary Policy The Reserve Bank of Australia released its latest quarterly monetary policy statement earlier in the Asia session...
Market News
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Andrius Kulvinskas, 6 February 2015, 08:31 #RBA
Brent Oil futures on ICE rebounded sharply today, extending its recovery mode from six year lows, and is set to for a weekly increase amid falling output as tensions escalate in Libya. Eyes USD 59/ barrrel Currently, Brent oil trades 2.22% higher at USD 57...
Crude Oil
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Andrius Kulvinskas, 6 February 2015, 08:06