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According to a fresh study by a market research group GfK, Europeans look set to spend more money throughout 2015. Retailers, however, will hardly get enough profit...
Events
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News, 4 February 2015, 14:44
The shared currency remains in the red territory today with bullish attempts in EUR/USDbeing so far limited by the 1.1460 area. EUR/USD eyes on ADP, US data The pair continues to trade in the mid-1...
Forecasts
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Andrius Kulvinskas, 4 February 2015, 14:04 #EUR/USD
GBP / EUR: Forecast for 2015 from banks Barclays, HSBC LIoyds, Morgan Stanley, Nomura, RBS, Scotiabank An excerpt of the seven banks. Median, Minimum, Maximum. PS: indicators that you can use in your trading system. Good Luck...
Forecasts
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Vasilii Apostolidi, 4 February 2015, 14:03
On Wednesday the pound sterling traded higher vs the greenback after data showing the U.K. service sector output grew at a faster than expected rate in January after slowing at the end of last year...
Currency
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News, 4 February 2015, 13:56 #Bank of England, GBP/USD
Greek Finance Minister Yanis Varoufakis extended his 'European tour' on Wednesday to Frankfurt, where he met European Central Bank (ECB) President Mario Draghi to discuss the possibility of debt relief for the embattled country...
Market News
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Andrius Kulvinskas, 4 February 2015, 12:56
On Wednesday the greenback was broadly higher vs peers, as market players worried over Greece's plans to renegotiate its bailout, while keeping an eye on upcoming U.S. jobs and service sector data. The euro slipped lower despite upbeat...
Currency
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News, 4 February 2015, 12:46 #Bank of England, GBP/USD
Jane Foley, Senior Currency Strategist at Rabobank, forecasts USD/CAD to move towards 1.28 levels over the next 3 months, citing CAD’s sensitivity to oil prices...
Currency
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Andrius Kulvinskas, 4 February 2015, 12:41 #usd/cad
According to BofA-Merrill Lynch, Fed might hike rates by 25bp in September, and follow with similar hikes at its other meetings, in spite of inflation remaining below the Fed’s target...
Market News
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Andrius Kulvinskas, 4 February 2015, 12:29
Chinese e-commerce giant has started testing delivery drones in three major cities, seeking to overcome logistics barriers in the country and creating competition to Amazon...
Events
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News, 4 February 2015, 12:28 #Alibaba
WTI Oil futures on NYMEX snapped its three-day rally and declined today, moving away from fresh monthly highs as traders remain cautious ahead of a US inventory report. WTI below USD 52/ barrel Currently, WTI oil trades 3.06% lower at USD 51...
Crude Oil
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Andrius Kulvinskas, 4 February 2015, 12:26
Gold prices extended gains to trade above the 50-week average located at USD 1266.25/Oz levels after China announced a cut in its reserve requirement rate...
Metals
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Andrius Kulvinskas, 4 February 2015, 12:23 #gold
After being alerted of prices being near a down trendline in NZDCAD, it also can be seen that Analytical Trader is pointing that the background is weak both in M30 and H1, which is a good indication...
Crude Oil
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Leonardo Barata, 4 February 2015, 12:16
The AUD/USD inched closer to 0.7850 levels after the People’s Bank of China (Pboc) cut reserve requirement ratio to 19.5% from 20.0%. Gains capped by weakness in commodities The pair currently trades at 0.7807levels after having hit a high of 0...
Currency
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Andrius Kulvinskas, 4 February 2015, 12:09
Gold edged up Wednesday, boosted by expectations that Greece is nearing a debt deal with its international creditors. Gold prices continued their rally Wednesday as investor confidence is growing that Athens’ protracted standoff with the troika of international lenders is finally over...
Metals
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Andrius Kulvinskas, 4 February 2015, 11:13 #gold
Analysts at Danske Bank see the pair resuming its downside, targeting 1.10 during the first half of 2015. Key Quotes “More broadly, the rise in the oil price and converging economic cycles is the main themes in FX markets”. “EUR/USD has rebounded sharply and the DXY index is weakening”...
Forecasts
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Andrius Kulvinskas, 4 February 2015, 10:52
EUR/USD recovered from session lows after services sector activities expanded across the Euro area economies with France bucking the trend. EUR/USD recovers from 1.1437 levels The EUR/USD erased partial losses and traded at 1.1471 levels, post the PMI data release...
Currency
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Andrius Kulvinskas, 4 February 2015, 10:23 #EUR/USD
Have oil prices bottomed out? That's a question the answer to which is worth billions of dollars. So far, oil prices have jumped around 20 per cent after hitting a five-year low in mid-January...
Crude Oil
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Anton Voropaev, 4 February 2015, 10:21 #OPEC
The AUD/USD pair has recovered most of its losses triggered by the surprise interest rate cut by the Reserve Banks of Australia (RBA) see in the previous session. Gains capped at 10-DMA The recovery seen in the AUD/USD pair was halted near the 10-DMA located at 0.7830 levels...
Currency
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Andrius Kulvinskas, 4 February 2015, 10:07
Valeria Bednarik, Chief Analyst at FXStreet, notes that today’s expectedly strong UK Markit Services PMI might support GBP/USD, expecting a break above the immediate resistance at 1.5220 to lead the pair higher towards 1.5250 levels...
Forecasts
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Andrius Kulvinskas, 4 February 2015, 10:05 #GBP/USD
Crude prices in the US snapped a four day rally as concerns of excess supply resurfaced after a report in the US showed a rise in weekly inventory. Crude trades above 50-DMA Crude prices continue to trade above the 50-DMA located at USD 51...
Crude Oil
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Andrius Kulvinskas, 4 February 2015, 09:41