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Crude oil prices are trading in the negative ground on Wednesday, currently hovering over the $47.00 area per barrel. WTI weaker on supply concerns Prices for the West Texas Intermediate are surrendering part of yesterday’s strong gains, testing the key support at $47...
Crude Oil
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Khurram Mustafa, 4 November 2015, 17:00
EUR/USD came under renewed pressure and broke to fresh lows over the last minutes, with no clear catalyst for the move other than USD buying interest...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 16:44
Strategists at Rabobank see the Bank of England hiking rates during the early months of 2017. Key Quotes “The money market is not fully priced for a BoE rate hike until early 2017”...
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Khurram Mustafa, 4 November 2015, 16:35
While i am expecting a substantial upward retracement in gold price, before going down, I am expecting a free fall in eurusd prices as mentioned in my previous posts.
Analytics & Forecasts
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forexintel, 4 November 2015, 16:34 #forex, EUR/USD
Analysts at RBS noted the key highlights in data events from the Asian shift as a recap. Key Quotes: "Chinese Caixin services PMI grew to 52 in October from 50.5 in September. While composite PMI grew to 49.9 in October from 48 in September." "Australian Retail Sales fell 0...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 16:30
Gold prices hit fresh session lows, but quickly recovered pointing to relative resilience in the hard currency despite the strong US ISM non-manufacturing data...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 16:28
The greenback, gauged by the US Dollar Index, is trading on a firmer footing today, advancing to the vicinity of the 98.00 handle...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 16:26
I was expecting a retracement to 1170 before the gold price went down, hence entered a BUY order last Friday with a stop loss near that day's low.
Analytics & Forecasts
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forexintel, 4 November 2015, 16:24 #xauusd, forex, gold


James Knightley, analyst at ING noted the forthcoming BoE and inflation report and has forecasted lift off from the BoE in Q2 2016 with risks of Q1 also...
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Khurram Mustafa, 4 November 2015, 16:21
AUD/USD made another attempt to consolidate above the 0.7200 level but was rejected from the 21-day SMA and fell all the way back to 0.7150, giving up most of its post RBA gains. The RBA refrain from cutting rates on Tuesday, giving the Aussie a boost across the board...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 16:18
The Institute of Supply Management’s (ISM) non-manufacturing/services PMI index jumped to 59.1 in October from September’s 56.9. The actual print beats the estimated drop to 56.5 by a wide margin. The ISM’s measure of services employment advanced to 59.2, the second-highest since August 2005...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 16:13
The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 16:00
Gold prices weakened to near Tuesday’s low after the data in the US showed the private sector jobs growth slowed less than expected in October. Off lows, but weak The metal hit a low of USD 114.70, before trimming losses to trade around USD 1116.50/Oz levels...
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Khurram Mustafa, 4 November 2015, 15:57
It is well known that the economic recovery in the U.S. has been consistently weak leading the Fed to repeatedly push back the timeframe for raising rates. The U.S...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 15:55
In the view of BofA Merrill Lynch Global Research, the bearish tone is set to remain around the Brazilian currency. Key Quotes “Disappointing growth will likely lead to an easier Brazilian Central Bank and the market is now pricing in 185bp of hikes by the end of 2016”...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 15:54
The EUR/GBP pair hit a fresh session low of 0.7070 as the British Pound remained relatively resilient to the broad based USD rally...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 15:53
The shared currency is now falling further, dragging EUR/USD to test fresh 3-month lows in the 1.0880 area. EUR/USD around 1.0880 ahead of US data The pair has rapidly intensified its weekly decline, losing more than six big-figures since October tops in the 1.1500 neighbourhood...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 15:52
U.S. stock futures edged higher Wednesday after two economic reports pointed to a slight slowdown in the labor market but a rise in exports...
Market News
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News, 4 November 2015, 15:38 #Nasdaq, Dow Jones, stocks
Skandinaviska Enskilda Banken made some technical analysis for EUR/GBP estimated the bearish market condition to be continuing with below 0.71 figure. The price is on bearish market condition located below 100 period SMA and 200 period SMA. Price is ranging within Fibo resistance level at 0...
Trading Systems
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Sergey Golubev, 4 November 2015, 15:11 #technical analysis
Click here to watch previous forecast! Forecast checking EURUSD 15 min. chart: GBPUSD 15 min. chart: EURJPY 15 min. chart...
Trading Ideas
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fxsmartmoney, 4 November 2015, 15:05