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GBP/USD Technical Strategy: Flat Support: 1.5025, 1.4903, 1.4805 Resistance: 1.5100, 1.5165, 1.5269 The British Pound continues to wait for direction as prices languish in digestion mode below the 1.53 figure against the US Dollar. A daily close above the 14.6% Fibonacci expansion at 1...
Analytics & Forecasts
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Costache Constantin Razvan, 3 February 2015, 10:27
Strategists at Westpac see the chance of anoher 25 bp rate cut by the BoC in its March meeting...
Forecasts
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Andrius Kulvinskas, 3 February 2015, 10:21
Markets have moved this morning on as yet unsubstantiated rumours that the European Central Bank is considering withdrawing from the Troika – the body of the ECB, EU and IMF monitoring Greece’s adherence to its austerity programme...
Market News
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Andrius Kulvinskas, 3 February 2015, 10:01 #Troika, ECB
As Westpac's chief economist Bill Evans predicted (back on 4th Dec), the RBA cut rates 25bp and going into meeting market took the view it was a 50/50 call. Bill believes the RBA will follow this cut with a further 25bp cut in March...
Forecasts
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Vasilii Apostolidi, 3 February 2015, 09:56
According to Valeria Bednarik, Chief Analyst at FXStreet, the EUR/USD range might terminate soon and give direction to the single currency which is seen extending its consolidative stage today. Key Quotes “The EUR/USD consolidative stage extends into Thursday, with the pair unable to find a way...
Analytics & Forecasts
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Andrius Kulvinskas, 3 February 2015, 09:40 #EUR/USD
Gold prices advanced today in anticipation of the Chinese new year demand. The metal also recovered support from the surprise interest rate cut in Australia. Gold trades at 10-DMA The yellow metal trades at the 10-DMA level located at USD 1283...
Metals
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Andrius Kulvinskas, 3 February 2015, 09:38 #gold
The Westpac Research Team suggests high conviction FX trades based on their macro, model and technical views, targeting 0.72 levels for AUD/USD and 0.6850 levels for NZD/USD...
Trading Ideas
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Andrius Kulvinskas, 3 February 2015, 09:34
Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, notes that the oil prices have rebounded above $50 after falling around 60% in the year, further views that it might be too early to conclude that the lows are now in place...
Crude Oil
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Andrius Kulvinskas, 3 February 2015, 09:26
Data released Tuesday showed BP beat profit expectations for the fourth quarter of 2014 while taking a $3.6 billion impairment charge and cutting capital expenditures due to low oil prices, says Reuters. The company announced underlying replacement cost profit at $2...
Company News
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News, 3 February 2015, 09:22
The first forex hub of the Mumbai-headquartered Central Bank of India in Gujarat was opened at Urmi Char rasta here to provide prompt and efficient services to importers and exporters...
Currency
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BlondieNews, 3 February 2015, 09:11
On Tuesday gold futures traded lower during the Asian trade. Silver declined, while copper climbed...
Metals
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News, 3 February 2015, 09:04 #comex, copper, silver
James Knightley, Senior Economist at ING, reviews UK’s manufacturing PMI release, and further adds that the manufacturing sector might make a stronger contribution to UK’s Q1 2015 GDP. Key Quotes “The UK’s manufacturing purchasing managers’ index rose to 53...
Market News
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Andrius Kulvinskas, 3 February 2015, 09:03
The Danske Bank Research Team comments that Greece would request for debt-swaps to ease its burden and not call for a debt write-off. Key Quotes “The new Greek government has revealed proposals for an agreement with its creditors...
Market News
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Andrius Kulvinskas, 3 February 2015, 08:55
The Australian dollar continues to get bashed by the Euro as the Reserve Bank of Australia’s (RBA) move towards accommodative policy hammered to Aussie to fresh multi-year lows. EUR/AUD jumps about 2% Currently, the EUR/AUD cross rallied to fresh one month highs at 1.4840 levels, gaining 2...
Currency
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Andrius Kulvinskas, 3 February 2015, 08:48
The sterling is transiting an even session vs. the greenback on Tuesday, relegatingGBP/USD to the low-1.5000s. GBP/USD keeps 1.50 ahead of data The pair is following the erratic mood in the risk-associated space during the first half of the week, at least managing to keep the trade above the 1...
Currency
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Andrius Kulvinskas, 3 February 2015, 08:44 #GBP/USD
The US dollar bounced-back against the Canadian counterpart in the early European morning, reversing previous losses as profit taking pushed the loonie on the back seat. Back above 1.2600 Currently, the USD/CAD recovered previous losses and traded higher by 0.43% at 1.2622 levels...
Analytics & Forecasts
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Andrius Kulvinskas, 3 February 2015, 08:20 #usd/cad
Despite falling oil price, volatility in the ruble value and the ongoing tensions between the Europe and Russia, Dagong Global Credit Rating Co Ltd gave an AAA rating for Russia's gas giant OAO Gazprom, as China Daily reports...
Company News
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Anton Voropaev, 3 February 2015, 08:07
According to ANZ Economists, the RBA is likely to follow up today’s move with another cut in March. Key Quotes "The tone of the Statement was more dovish than we had expected with obvious concern for underlying growth in domestic demand...
Banks
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Andrius Kulvinskas, 3 February 2015, 08:05 #RBA
EUR/USD extended its accumulation phase for fourth day in a row, unable to breach the 1.14 barrier and wavers above 1.13 handle. EUR/USD trades lack lustre The EUR/USD now trades at 1.1327 levels, down -0.13% on the day, bouncing off day’s high at 1.1351 levels. EUR/USD remains weak below 1...
Currency
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Andrius Kulvinskas, 3 February 2015, 07:59 #EUR/USD
On Tuesday oil futures continued to firm, adding to growth of more than 11 percent in the prior two sessions, but ongoing worries over China's demand outlook restrained further gains, says Reuters...
Crude Oil
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News, 3 February 2015, 06:56 #OPEC, WTI, Brent