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Research Team at ANZ, notes that the ECB forecast that HICP inflation will rise by a modest 1.0% in 2016 (1.1% forecast in September) and 1.6% in 2017 (1.7%). Key Quotes “Inflation will pick up early next year owing to base effects. Real GDP growth is projected to rise by 1.7% in 2016 (1...
Events
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sathish kumar, 7 December 2015, 05:55 #ECB
Research Team at HSBC, suggests that a cut is likely from RBNZ in this week’s monetary policy meet or soon after. Key Quotes “When it comes to the next RBNZ rate cut, the question is not if they will cut, but when? The main concern is that inflation remains well below target...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 05:51
Michael Every, Research Analyst at Rabobank, suggests that it was hardly a surprise that on Friday Mr...
Banks
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sathish kumar, 7 December 2015, 05:41 #ECB
Bank of Japan (BOJ) Governor Kuroda is now speaking at Paris Europlace Financial Forum in Tokyo, praising the central bank QQE program while also comments on the regulatory reforms in the financial sector...
Events
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sathish kumar, 7 December 2015, 05:39
Sean Callow, Research Analyst at Westpac, notes that the FX and bond markets were very volatile on the stronger than expected US jobs data, with USD and US yields struggling to post net gains, despite the strong rise in equities...
Events
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sathish kumar, 7 December 2015, 05:36 #ECB
To the upside, the next resistance is located 1.0000 (round number) levels and above which it could extend gains to 1.0025 (1h 50-SMA). To the downside, immediate support might be located at 0.9944 (50-DMA) and below that 0.9909 (Dec 4 low...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 05:21
USD/CHF extends its recovery mode from post-ECB slump and now heads higher in a bid to regain 1.00 handle on improved risk-sentiment backed by positive equities. USD/CHF hovering around hourly 20-SMA Currently, the USD/CHF pair trades 0.18% higher at 0...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 05:15
Asian markets kicked-off the week on a stronger note, tracking Friday’s Wall Street rally after upbeat US NFP data buoyed market sentiment. The US NFP report showed that 211k new jobs were created last month, beating expectations of a 200k print...
Events
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sathish kumar, 7 December 2015, 04:40 #Nikkei
Analysts at BBH noted that OPEC(Organization of the Petroleum Exporting Countries) did nothing, and by doing nothing, the current strategy of trying to force out high-cost producers continues. Key Quotes: "If anything, OPEC seemed to legitimize the current output above the previous quota...
Events
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sathish kumar, 7 December 2015, 04:17 #OPEC
Gold Technical Levels: The metal has an immediate resistance at 1088.80 (Dec 4 High) and 1092.40 (Nov 16 High). Meanwhile, the major support stands at 1080 (round number), below which doors could open for 1076.05 (1h 20-SMA...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 04:11
The yellow metal clings to Friday’s gains at the beginning of the week, although retraced slightly from fresh two-week highs reached at 1088.80 on last Friday. Gold: Upside capped ahead of $ 1086 Currently, gold trades modestly flat at 1084.30, retreating from session highs scored at 1086.10...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 04:09 #gold
Additional headlines from BOJ board member Mr. T...
Events
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sathish kumar, 7 December 2015, 04:06
NZD/USD Levels to consider To the upside, the next resistance is located at 0.6732/35 (daily pivot/ 1h 10-SMA), above which it could extend gains to 0.6784 (200-DMA) levels. To the downside immediate support might be located at 0.6683 (1h 50-SMA) below that 0.6648 (50-DMA...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 03:23
NZD/USD is seen posting size-able losses as we progress towards the mid-Asian trades, and is likely to emerge the worst performer this session. NZD/USD trades below daily pivot Currently, the NZD/USD pair trades -0.52% lower at fresh session lows at 0.6709, failing to resist 200-DMA at 0.6784...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 03:21
Bank of Japan (BOJ) board member Mr. Takehiro Sato is now crossing the wires; casting doubts over the central bank’s 2% price target expected to be achieved by second half 2016...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 02:56
The pair remains capped below 1.09 handle, with the immediate support seen at 1.0842/ 1.0838 (Nov 4 Low/ 5-DMA). Selling pressure will intensify below the last, dragging the pair towards 1.0817 (1h 50-SMA). To the top side, the next hurdle in sight is located at 1...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 02:49
Currently, the EUR/USD pair trades -0.10% lower at 1.0869, testing fresh session lows struck at 1.0865 last minutes. The main currency pair’s correction from near post-ECB highs halted at 5-DMA at 1...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 02:47 #EUR/USD
GOLD: With the commodity rejecting lower level prices to close strongly higher the past week, GOLD bulls aim at higher prices.However, beware of a corrective pullback at ahead of its resistance at the 1098.09 level. Above here if seen target the 1110.00 level where a break will aim at the 1120...
Analytics & Forecasts
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FXTechstrategy Team, 7 December 2015, 02:31 #Trading
USD/JPY is currently trading at 123.21 with a high of 123.24 and a low of 123.14. The major unit is supported in the opening hour of Tokyo in an exceptionally quiet start to what looks to be a non eventful week ahead...
Events
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sathish kumar, 7 December 2015, 02:04
07.12.2015 00:00Foreign Trade (October) Currency: RUB, Importance: Low...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 01:40