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Gold prices found support at USD 1080.48 (23.6% of Oct 15 high-Dec 3 low, but the rebound was not seen on account of a the USD rally in the European session. USD strength capped gains The metal clocked a high of USD USD 1086...
Metals
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sathish kumar, 7 December 2015, 13:27 #gold
Iron ore prices fell below USD 40; its lowest since 2009 due to increasing low-cost supply (partly due to low oil prices) and falling demand from China. As per Bloomberg report, “Ore with 62% content delivered to Qingdao lost 2.4 percent to $39...
Metals
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sathish kumar, 7 December 2015, 13:23
Although Japanese companies have experience to hedge against the USD, they do not have experience enough to hedge against the EUR, so anyway - they are more concerned for about EUR for now...
Forecasts
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News, 7 December 2015, 12:34
USD JPY, “US Dollar vs. Japanese Yen” At the H4 chart of USD JPY, the downside Window provided support. Hammer pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 11:50
EUR USD, “Euro vs. US Dollar” At the H4 chart of EUR USD, Engulfing Bearish, Three Methods, and Harami patterns indicate a bearish pullback. Three Line Break chart shows a bullish movement; Heiken Ashi candlesticks confirm a bearish direction...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 11:46
The stock markets in Europe advanced on Monday after the sharp sell-off on Thursday and Friday following the ECB’s disappointing stimulus announcement. At the time of writing, the pan-European Euro Stoxx 600 index was 1.5% or 5.56 points higher to 376.15 levels...
Market News
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sathish kumar, 7 December 2015, 11:38
The following are UBS' latest short-term trading strategies for EUR/USD, USD/JPY, GBP/USD, EUR/GBP and AUD/USD. EUR/USD: The move higher last week didn't seem to be as painful as might have been expected, and we think the 450-pip move was due in part to a lack of liquidity...
Analytics & Forecasts
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Vasilii Apostolidi, 7 December 2015, 11:34 #eur/gbp, usd/jpy, GBP/USD
NZD/USD (H1): Near correction end? Forecast: Rebound from support zone and trend-line near 0.6650-60. Alternative Scenario: Trying to move below supports zone Comments: Price tested trend line three times recently and still moves above it...
Analytics & Forecasts
  • 52
sathish kumar, 7 December 2015, 11:24
Hypothetical "head and shoulders" mutated into another potential reversal pattern - "triple top". Perhaps, scheduled for Tuesday night data will make significant adjustments in #USDJPY dynamics, but for now we are out of the market. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 7 December 2015, 11:09 #Trading
Friday's data on the U.S. employment did not give bears in #AUDUSD substantial dividends. At the same time, the growth of the pair met resistance at 38.2% Fibonacci retracement, and at the moment, upward #trend may stall. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 7 December 2015, 11:07 #Trading
GBP/JPY (H4): Inside resistance zone Forecast: Rebound from 186.00-186.10 resistance zone Alternative Scenario: Moving above current resistance and leaving short-term consolidation...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 11:06
Kristoffer Lomholt, Analyst at Danske Bank, sees the Nordic central bank keeping its benchmark rates unchanged at its December meeting. Key Quotes “Following the ECB meeting on 3 December, we have changed our call for the Riksbank and now expect it to cut by 10bp to -0...
Banks
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sathish kumar, 7 December 2015, 10:53
The data released by the Commodity Futures Trading Commission (CFTC) for the week ended Dec 1 showed traders trimmed overall bullish bets last week, after having pushed the same to a new bullish position in the previous week...
Market News
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sathish kumar, 7 December 2015, 10:49
USD/CHF. Credit Agricole is suggesting: do not buy USD/CHF because of the following: SNB will decide on monetary policy, stable EUR/CHF exchange rate, limited intervention needs decreases the risk of lower rates next week, the Swiss franc is still too strong...
Analytics & Forecasts
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News, 7 December 2015, 10:47 #usdchf
here is little in the way of key data this week, with Retail Sales on Friday and CPI next Tuesday (December 15), the last major data points ahead of next Wednesday’s FOMC meeting. If risk appetite remains on an even keel, the greenback may bounce back further...
Analytics & Forecasts
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Lahcene Ouled Moussa, 7 December 2015, 10:31
meeting last week was a distinct disappointment for the euro-bears, but there is a strong risk that the magnitude of the reversal has much to do with short-term positioning factors and may fizzle into a bout of range trading...
Charts
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  • 1
Lahcene Ouled Moussa, 7 December 2015, 10:26
The broad based USD rally in Europe coupled with a moderate drop in oil prices pushed the USD/CAD pair to a two-week high of 1.3422 in the European session...
Market News
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sathish kumar, 7 December 2015, 10:11 #usd/cad
A renewed bout of buying interest seen around the US dollar in last hours, drove USD/JPY to a new two-day high near 123.50 levels. USD/JPY rises along with the USD Currently, the USD/JPY pair trades 0.23% higher at 123.40, having surpassed Friday’s high and posted fresh daily highs at 123.44...
Currency
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sathish kumar, 7 December 2015, 10:08 #usd/jpy
The data released by the Commodity Futures Trading Commission (CFTC) for the week ended Dec 1 showed traders trimmed the net bullish positions in WTI oil futures for 4th straight week...
Crude Oil
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sathish kumar, 7 December 2015, 10:06
According to data from the People's Bank of China (PBOC), reported via MNI, the value of China's gold reserves fell to $59.52 billion at the end of November from end-October's $63.26 billion...
Metals
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sathish kumar, 7 December 2015, 10:03 #China