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EUR/USD lost the 1.1400 mark and made fresh lows for the day after the ECB announced it is lifting the waiver on using Greek government debt as collateral. The waiver allowed Greek debt to be used as collateral despite the fact that they did not fulfil minimum credit rating requirements...
Currency
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Andrius Kulvinskas, 4 February 2015, 22:18 #EUR/USD
The European Central Bank has suspended the eligibility of Greek sovereign debt as collateral for its liquidity operations, starting from February 11th...
Market News
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Andrius Kulvinskas, 4 February 2015, 22:08 #ECB
US DOLLAR TECHNICAL ANALYSIS Prices may be preparing to decline after prices put in a bearish Evening Star candlestick pattern. Negative RSI divergence bolsters the case for a downside scenario. Near-term support is at 11734, the intersection of the 14...
Forecasts
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Sergey Golubev, 4 February 2015, 21:11 #price patterns, gold
Yanis Varoufakis, Greece's new finance minister, is a brilliant economist. His first steps onto the political stage, though, didn't seem to go very smoothly...
Other
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Andrius Kulvinskas, 4 February 2015, 20:44
The selling pressure remains entrenched around the euro today, with EUR/USDstruggling to keep the trade above the 1.1400 mark. EUR/USD eyes on Greece, US Payrolls The pair continues to erode the recent upside from Monday’s dip below 1.1100 to yesterday 3-week highs near 1...
Currency
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Andrius Kulvinskas, 4 February 2015, 20:35 #EUR/USD
AUD/USD has halted just ahead of the base of the 2013-2015 down channel at 0.7597. Key Quotes: "This is holding currently for a small rebound. We note the divergence of the RSI." "Initial resistance is 0.8034 (7th Jan low). Key resistance is the 0.8130 downtrend...
Currency
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Andrius Kulvinskas, 4 February 2015, 20:33
Cable reached earlier at 1.5249 the strongest level since January 15 but after Wall Street opening bell lost strength. Recently the pair dropped to 1.5190 and currently is hovering around 1.5200/10. The GBP/USD pair is still up for the day, headed toward the second daily gain in a row...
Currency
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Andrius Kulvinskas, 4 February 2015, 20:31 #GBP/USD
2015-02-04 15:00 GMT (or 17:00 MQ MT5 time) | [USD - ISM Non-Manufacturing PMI] past data is 56.2 forecast data is 56.3 actual data is 56.7 according to the latest press release if actual > forecast (or previous data) = good for currency (for USD in our case...
Trading Systems
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Sergey Golubev, 4 February 2015, 18:50 #fundamental analysis
increasing volatility in the FX markets. Key Quotes “Higher currency volatility will increase both the riskiness and the cost of crossborder transactions, whether it is trade in goods or capital flows”...
Market News
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Andrius Kulvinskas, 4 February 2015, 17:56
The US dollar is recovering ground after its worst day in more than a year and it is performing better than its major competitors. The USD's advance is pressuring the oil and US stocks to the downside...
Market News
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Andrius Kulvinskas, 4 February 2015, 17:53 #eur/gbp, usd/jpy, GBP/USD
AUD/USD is currently trading at 0.7762 with a high of 0.7851 and low of 0.7746. The greenback has flexed its muscles again and is denying the bulls. AUD/USD is in clear bearish territory on the longer dated sticks, changing hands below critical support-turned-resistance of June 2010 at 0...
Currency
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Andrius Kulvinskas, 4 February 2015, 17:02
Byron Wien: The Power of Lower Oil Prices (Blackstone) A Revelation For Small-Cap Investing Strategies (Capital Spectator) but see Most of the time stock markets do nothing...
Trading Systems
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Sergey Golubev, 4 February 2015, 16:45
The USD/CAD extended gains to trade well above 1.25 levels on a weak Canadian Ivey PMI data and an upbeat US ISM non-manufacturing data. USD/CAD rises to 1.2550 The pair rose to 1.2550 as the CAD suffered a double blow in the form of weak data and falling Crude prices...
Currency
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Andrius Kulvinskas, 4 February 2015, 16:31 #usd/cad
FXStreet Analyst, Craig Drake,reviews the US ADP Employment data release, noting that the report reflects the negative effect on falling oil prices on hiring and payrolls...
Forecasts
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Andrius Kulvinskas, 4 February 2015, 16:27
Valeria Bednarik, Chief Analyst at FXStreet, comments that technicals suggest AUD/USD outlook remains bearish in the short-term, expecting the pair to resume its decline one a break of 0.7735 levels...
Currency
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Andrius Kulvinskas, 4 February 2015, 16:12
Gold in EUR terms advanced today to trade above EUR 1100 levels as the markets ignored upbeat PMI data in the Eurozone, while favoring the ongoing political developments in Greece. Safe haven appeal The yellow metal advanced 1.12% to EUR 1110...
Analytics & Forecasts
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Andrius Kulvinskas, 4 February 2015, 16:08 #gold
EUR/USD continues to give away part of Tuesday’s gains, now returning to the area of 1.1430, or session lows. EUR/USD focus on US calendar Spot has already retraced over a big-figure since yesterday’s tops around the mid-1...
Currency
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Andrius Kulvinskas, 4 February 2015, 15:45 #EUR/USD
The greenback advanced versus the loonie on Wednesday following 2 days of losses and a 2-week low, as oil reversal underpinned USD/CAD. USD/CAD bottomed out at 1...
Currency
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Andrius Kulvinskas, 4 February 2015, 15:32 #usd/cad
Chinese banks are among those in talks to take part in the replacement for the century-old gold fixing benchmark...
Metals
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BlondieNews, 4 February 2015, 15:11 #xauusd, gold
FXStreet Editor and Analyst, Omkar Godbole, views that WTI Crude might resume its fall on supply concerns, expecting today’s numbers to show an increase in supply by 3.7 million barrels, adding to the 6 million barrels increase already reported by the API...
Crude Oil
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Andrius Kulvinskas, 4 February 2015, 15:08