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On Tuesday the British currency traded steady against the U.S. dollar, after positive U.K. manufacturing production data, as market sentiment was pressured amid growing concerns over the Greek debt crisis...
Currency
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News, 10 February 2015, 11:08 #eur/gbp, GBP/USD
The pound accelerates its gains vs. the US dollar on Tuesday, with GBP/USD gyrating around 1.5220. GBP/USD advances on UK data The pair managed to pick up pace from the 1.5220 area following the mixed results in the UK economy...
Currency
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Andrius Kulvinskas, 10 February 2015, 10:49 #GBP/USD
Steve Miley of MarketChartist,mentions that as long as GBP/USD base at 1.15190 is intact the positive bias for a push higher remains for the pair. Key Quotes “The firm February recovery effort above the key 1...
Currency
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Andrius Kulvinskas, 10 February 2015, 10:41 #GBP/USD
Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, comments that with lack of compromise from either side (Greece, ECB), concern regarding a possible Greek default and exit are increasing...
Market News
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Andrius Kulvinskas, 10 February 2015, 10:37
EUR/USD bounced-off daily highs and fell to fresh session lows, witnessing huge swings during the European session, despite upbeat industrial production numbers from France and Italy. Declines from 1.1345 The EUR/USD now posts fresh session lows at 1.1293, down -0.26% on the day...
Currency
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Andrius Kulvinskas, 10 February 2015, 10:35 #EUR/USD
Silver prices declined despite gains in Gold amid risk aversion due to Greek fears and escalating tensions in Ukraine. Trades below hourly 50-SMA Prices fell below the hourly 50-SMA level located at USD 16.92, after the metal faced rejection at the 10-DMA located at USD 17.07 levels...
Metals
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Andrius Kulvinskas, 10 February 2015, 10:20 #silver
The shopping-street impact of the Swiss National Bank's decision to abandon its 1.20 per euro ceiling last month is expanding across Switzerland, cheapening the cost of imported goods from cars to groceries...
Events
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News, 10 February 2015, 10:12 #Swiss National Bank
For today R4 - 1.2775 / R3 - 1.2645 / R2 - 1.2591 / R1 - 1.2547 SPOT 1.2475 S1 - 1.2400 / S2 - 1.2375 / S3 - 1.2350 / S4 - 1.2314 LONG AT 1.2470 FOR 1.2775 OBJECTIVE, STOP 1.2350...
My Trading
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Andrius Kulvinskas, 10 February 2015, 09:56 #usd/cad, resistance, support
Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, comments that in the recent G20 meeting of central bankers and finance ministers, the policy makers appeared less concerned about USD strength, and reiterated their view to refrain from targeting exchange rates for competitive purpose...
Market News
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Andrius Kulvinskas, 10 February 2015, 09:49
The Australian dollar failed to capitalize on upbeat Australian business confidence and a sharp drop in the Chinese CPI, pushing the AUD/USDpair back to 0.78 levels from the high of 0.7840 levels...
Currency
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Andrius Kulvinskas, 10 February 2015, 09:43
Speaking in Istanbul, George Osborne told Bloomberg TV that there is a growing danger that the deadlock over Greece’s bailout programme spirals out of control. British Chancellor warned that this could potentially be causing serious damage to the European economy, and the UK’s too...
Events
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News, 10 February 2015, 09:28 #economy news
Robin Li, founder of Baidu.com, announced via an internal email that the company will integrate its existing business groups and business units into three major business groups...
Events
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BlondieNews, 10 February 2015, 09:11
Talking Points: GBP/USD Technical Strategy: Flat Support: 1.5180, 1.4980, 1.4807 Resistance: 1.5322, 1.5551, 1.5737 The British Pound stalled after correcting lower from the top of a falling channel encapsulating the down move against the US Dollar since mid-September. Near-term support is at 1...
Analytics & Forecasts
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Costache Constantin Razvan, 10 February 2015, 09:05
Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1318, 1.1185, 1.0970 Resistance:1.1533, 1.1659, 1.1832 The Euro remains in digestion mode after bottoming as expected against the US Dollar following the appearance of a bullish Morning Star candle pattern...
Analytics & Forecasts
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Costache Constantin Razvan, 10 February 2015, 09:03
On Tuesday the greenback was stable versus the euro and the yen, after data showing that Chinese consumer inflation slowed to a five year low last month and as concerns over the Greek debt crisis kept investors cautious...
Currency
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News, 10 February 2015, 09:00 #usd/jpy, forex news, EUR/USD
The single currency remains above the 1.1300 handle during the first half of the week, with the main focus on the Greek developments. Emmanuel Ng, FX Strategist at OCBC Bank, suggested, “Our view remains intact and we expect the EUR-USD to sit precariously on the 1...
Forecasts
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Andrius Kulvinskas, 10 February 2015, 08:57 #EUR/USD
Gold prices extended gains for the second consecutive session as concerns regarding Greece’s futures in the Eurozone curbed risk-on buying in the markets. Gold tests 200-DMA Gold prices rose to the 200-DMA located at USD 1245...
Metals
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Andrius Kulvinskas, 10 February 2015, 08:48 #gold
Both the oil benchmarks halted its rebound and headed south after Citigroup and International Energy Agency (IEA) lowered price outlook. Oil prices declines on forecasts cuts Currently, Brent trades lower by -0.63% at USD 58.71/ barrel and WTI oil trades -1.19% lower at USD 52.26/ barrel...
Crude Oil
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Andrius Kulvinskas, 10 February 2015, 08:47
As prices for crude oil in spot and futures markets dropped more than 50 percent since June last year, Standard & Poor's had to revise down its oil price assumptions over 2015-2018...
Events
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News, 10 February 2015, 08:46 #crude oil
AUD/NZD reversed previous losses and traded almost flat as both the Antipodeans gains against the US dollar as markets contemplate more easing from China's central bank after the recent weak Chinese data. Supported on China easing hopes Currently, the AUD/NZD pair trades steady at 1...
Currency
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Andrius Kulvinskas, 10 February 2015, 08:38 #AUD/NZD