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Valeria Bednarik, Chief Analyst at FXStreet, notes that selling interested has contained EUR/USD’s advance in the 1.1365 price zone, thus limiting any strong gains for the pair...
Analytics & Forecasts
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Andrius Kulvinskas, 2 February 2015, 11:20 #EUR/USD
On Monday the pound recouped its losses against the greenback, supported by upbeat manufacturing activity data from the U.K. although investors remained cautious amid ongoing concerns over Greece...
Currency
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News, 2 February 2015, 11:03 #eur/gbp, IMF, economy news
After dipping to session lows around 1.5040/30, GBP/USD is now back near 1.5070 after the release of the manufacturing PMI. GBP/USD trims losses The pair is back to the positive territory after the manufacturing PMI in the British economy surprised investors in January, advancing to 53.0 vs...
Currency
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Andrius Kulvinskas, 2 February 2015, 10:50 #GBP/USD
US oil industry workers have launched a large-scale strike at nine refineries after failing to agree on a new national contract with major oil companies, says BBC Worldwide...
Events
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News, 2 February 2015, 10:43
According to James Knightley, Senior Economist at ING, with the ECB and BoC having eased policy, the RBA might cut rates 25bp given the weak commodity backdrop and a deteriorating outlook for investment. Key Quotes “At the December Reserve Bank of Australia meeting, the cash rate was left at 2...
Analytics & Forecasts
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Andrius Kulvinskas, 2 February 2015, 10:43 #RBA
For today R4 - 0.7405 / R3 - 0.7388 / R2 - 0.7348 / R1 - 0.7314 SPOT 0.7258 S1 - 0.7215 / S2 - 0.7181 / S3 - 0.7120 / S4 - 0.7000 SELL AT .7330 FOR .7120; STOP AT .7405...
My Trading
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Andrius Kulvinskas, 2 February 2015, 10:37 #resistance, support
The US dollar extended gains against the Canadian counterpart from a choppy Asian session, inching towards fresh six-year highs reached at 1.2798 levels in the last week. Eyes 1.2800 levels Currently, the USD/CAD pair traded higher by 0.23% at 1.2763 previously clocked intraday high at 1...
Analytics & Forecasts
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Andrius Kulvinskas, 2 February 2015, 10:29 #usd/cad
At 0330 GMT tomorrow (Tuesday 3rd Feb 2015) The Reserve Bank of Australia (RBA) will announce the official Cash Rate at it's first board meeting for the year...
Analytics & Forecasts
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Stuart Browne, 2 February 2015, 10:23
European stocks rose Monday, as upbeat Spanish manufacturing data overweighed concerns over Greece's future in the euro zone...
Market News
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News, 2 February 2015, 10:04 #dax, IMF
The European Central Bank (ECB) board member Benoit Coeure, while speaking in Budapest, said that the ECN’s sovereign QE program buys time for Eurozone government’s to implement structural reforms...
Market News
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Andrius Kulvinskas, 2 February 2015, 09:47 #QE, ECB
In December Xiaomi became the world’s most valuable tech startup, worth $46 billion. Meanwhile, last week Apple said it sold a record 74.5m iPhones during the three months to December – the equivalent of 34,000 per hour – significantly ahead of forecasts that it would sell 65m...
Company News
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Anton Voropaev, 2 February 2015, 09:41 #Apple
The seasonally adjusted Markit Spain Purchasing Managers’ Index rose to 54.7 in January from 53.8 in December. According to the Markit survey, manufacturing production increased sharply at the start of the year, with the rate of growth picking up since December...
Market News
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Andrius Kulvinskas, 2 February 2015, 09:37
A leading Bitcoin company in Australia, DigitalBTC says that it has dissolved a supply agreement with cloud mining service CloudHashing...
Currency
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BlondieNews, 2 February 2015, 09:11 #Cryptocurrency, bitcoin
The Danske Bank Research Team previews today’s Eurozone and US data releases. Key Quotes “Euro PMI manufacturing is due for release and the flash estimates in the periphery will attract most attention...
Forecasts
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Andrius Kulvinskas, 2 February 2015, 08:41
According to FXStreet Editor and Analyst, Omkar Godbole, the EUR/USD pair is likely to breach the channel support at 1.1286 levels and move lower to retest 1.1220 – 1.1240 levels. Key Quotes “The EUR/USD pair finished weak on Friday at 1.1299, well below the 5-DMA located currently at 1...
Forecasts
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Andrius Kulvinskas, 2 February 2015, 08:36 #EUR/USD
On Monday the Australian dollar continued its gains despite disappointing manufacturing data from China. In China, the HSBC January manufacturing PMI us came in at 49.7, lower than the flash estimate of 49.8...
Currency
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News, 2 February 2015, 08:32 #IMF, usd/jpy, forex news
NZD/USD steadied in the European morning, although trading in a very narrow range as market look for fresh triggers ahead of a slew of NZ data in the week ahead. Consolidates between 0.7246 - 0.7274 levels Currently, the NZD/USD traded flat at 0...
Currency
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Andrius Kulvinskas, 2 February 2015, 08:20
The sterling is posting marginal gains vs. the greenback at the end of the Asian trading hours, with GBP/USD hovering over 1.5070. GBP/USD eyes on PMI After a promising start, spot managed to clinch the 1...
Currency
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Andrius Kulvinskas, 2 February 2015, 08:16 #GBP/USD
EUR/USD defends mild gains in the early European morning, extending its consolidation phase around 1.13 handle from the last week as traders eye PMI readings from Euro area economies later in the session. EUR/USD stuck at 5-DMA The EUR/USD now recovers from fresh session lows and trades now at 1...
Currency
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Andrius Kulvinskas, 2 February 2015, 08:04 #EUR/USD
Karen Jones, Head of Technical Analysis at Commerzbank, gives the technical outlook for EUR/CHF and USD/CHF, noting that both the CHF pairs remain bid at current levels. Key Quotes “EUR/CHF is bid near term above 1.0080, and we continue to look for gains to the 1.0600/70 region – this is the 61...
Trading Ideas
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Andrius Kulvinskas, 2 February 2015, 07:53