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The latest employment figures from Australia, as released by Australian Bureau of Statistics (ABS), surprised markets to the upside in Nov, with the unemployment rate falling 0.1 pts to the lowest since May 2014 at 5.8% against 5.9% seen in Oct...
Market News
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sathish kumar, 10 December 2015, 01:45
XAU USD, “Gold vs US Dollar” XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards (2), and the price is above the lines...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 01:35
GBP USD, “Great Britain Pound vs US Dollar” GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); all lines are directed upwards. Ichimoku Cloud is closed (2); Chinkou Lagging Span is above the chart...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 01:33
GBP USD, “Great Britain Pound vs US Dollar” GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1), but the lines are getting closer to each other again below Kumo Cloud; Tenkan-Sen is directed upwards...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 01:31
Sean Callow, analyst at Westpac noted the key events apart from the Aussie jobs data coming up, released at 11:30am Syd/8:30am Sing/HK. Westpac’s forecast of -20k change in total employment is at the bottom of the range (-20k to +15k, median -10k...
Market News
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sathish kumar, 10 December 2015, 01:27
The Australian dollar extended its decline against its American rival down to 0.7188 this Wednesday, weak amid falling commodities and despite the dollar's sell-off...
Currency
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sathish kumar, 10 December 2015, 01:25
NZD/USD has stabilized on the bid in the aftermath of the RBNZ interest rate decision having caught out many of the shorts on a squeeze that took the bird up to the mid point of the 0.67 handle where spot now oscillates. The RBNZ cut interest rates by 0...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 01:22
Analysts at ANZ said that the RBNZ’s decision to cut the OCR today was of course against our own view. Key Quotes: "But when all is said and done, we can’t really quibble with it. In many ways the cut was of last week’s ECB-style easing; a cut was delivered, but it was of the hawkish variety...
Market News
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sathish kumar, 10 December 2015, 01:19
Kit Juckes, economist at Societe Generale explained that the RBNZ, as expected by the majority of people who forecast RBNZ moves, cut the Cash Rate to 2.5%. Key Quotes: "The Kiwi took off like a grouse and so far, the FX market has not been able to shoot it down. A bit like the Euro...
Currency
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sathish kumar, 10 December 2015, 01:17
10.12.2015 00:00Consumer Inflation Expectation (December) Currency: AUD, Importance: Medium...
Market News
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sathish kumar, 10 December 2015, 01:14
US stocks closed with losses for third straight session on Wednesday, having taken a negative turnaround following a positive opening. The Dow Jones Industrial Average fell 75.36 points, or 0.43%, to 17,492.64. The S&P 500 dropped 15.95 points, or 0.77%, to 2,047.64...
Market News
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sathish kumar, 10 December 2015, 01:11
Most oil stocks are ranging in market condition falling to the bearish area, and this tendency will be continuing in 2016. Most technology stocks are ranging waiting for direction which is more likely to be bearish as well...
Analytics & Forecasts
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News, 9 December 2015, 21:34 #stock market
The oil pice is falling by breaking key support levels to below for the bearish trend to be continuing so let's review some oil stocks in the technical point of view. Most oil stocks are located on the ranging market condition waiting for direction: this is not up, but has not yet down...
Crude Oil
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News, 9 December 2015, 18:34 #Ichimoku, crude oil
According to Eric Theoret, FX Strategist at Scotiabank, the pair’s outlook remains bullish in the near term. Key Quotes “USDCAD’s breakout to fresh multi-year highs has coincided with a renewed bullish turn in both trend and momentum indicators”. “There are few major resistance levels ahead of 1...
Market News
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sathish kumar, 9 December 2015, 16:56
The US dollar faced another wave of selling at the beginning of the New York session sending GBP/USD to fresh weekly highs above 1.5100. GBP/USD has already taken back Monday and Tuesday losses and is trading in positive ground for the week, with a high posted at 1.5141 in recent dealings...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 16:32 #GBP/USD
Prices for crude oil keep recovering ground on Wednesday, now managing to retake the $38.00 handle as USD-selling intensifies. WTI firmer ahead of EIA After hitting fresh multi-year lows near $36...
Crude Oil
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sathish kumar, 9 December 2015, 16:19 #WTI, crude oil
Gold prices took out USD 1080.48/Oz; 23.6% Fib retracement level Oct 15 high-Dec 3 low; on the back of a broad based USD weakness. Clocks a high of 1085.47 The metal clocked a high of USD 1085.47/Oz, before the momentum stalled around USD 1083/Oz levels...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 15:42 #gold
The US Dollar Index, which gauges the greenback vs. its main competitors, is giving away further ground today, testing lows around 97.60. US Dollar challenges post-ECB low The index is testing post-ECB lows recorded last week in the 97...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 15:38
The China reserves rose by $11.39 billion in October during short-time recovery it was decline in November because of the following: expectations of the US rate hike, and slowing economic growth. Forex reserves in China was falling by $87.22 billion to $3...
Analytics & Forecasts
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News, 9 December 2015, 15:34 #China
The Aussie managed to bounce from below 0.7200 and reversed early losses against the greenback, as even commodity currencies are taking advantage of a weaker US currency. AUD/USD rebounded from a daily low of 0.7170 and climbed back above 0.7200 to retest daily highs at the 0.7230/35 zone...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 15:33