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A set of data has been released this morning and it seems it is a never-ending story for Japan. April machine orders just collapsed at -.31% m/m while markets had estimated an increase of 0.5. This data is often used as a proxy for the capital expenditure...
Market News
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Jiming Huang, 12 June 2017, 14:45
The USD was trading broadly lower against its G10 counterpart on Monday morning as investors anticipated a busy week for central bankers. The Federal Reserve is set to release its monetary decision on Wednesday...
Market News
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Jiming Huang, 12 June 2017, 14:44
Bearish momentum is fading. • Crude oil's decline is stopping since the recent collapse from $52. Support is given at a distance 43.76 (05/05/2017 low). The technical structure suggests further weakness towards 43.76...
Analytics & Forecasts
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Jiming Huang, 12 June 2017, 14:42 #crude oil
Lack of follow-through. • Silver declines. Closest support is given at 16.20 (04/05/2017 low). Strong support is given at 15.63 (20/12/2017 low). Key resistance is given at a distance at 19.00 (09/11/2017 high...
Analytics & Forecasts
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Jiming Huang, 12 June 2017, 14:40 #silver
Trading lower within uptrend channel. • Gold is consolidating within uptrend channel. Hourly support is located at 1246 (18/05/2017 low). Stronger support is given at 1195 (10/03/2017 low). Expected to show renewed...
Analytics & Forecasts
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Jiming Huang, 12 June 2017, 14:38 #gold
Pausing on short-squeeze. • EUR/CHF is trading lower. The pair has broken support given at 1.0866 (18/05/2017 low). We believe that the medium-term pattern suggests us to see continued bearish pressures towards...
Analytics & Forecasts
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Jiming Huang, 12 June 2017, 14:36
Volatility declines. • EUR/GBP has broken resistance at 0.8787 (13/03/2017 high). The pair keeps on going higher. Strong support can be found at 0.8304 (05/12/2017 low...
Analytics & Forecasts
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Jiming Huang, 12 June 2017, 14:35
Fading momentum. • EUR/JPY is trading lower. Hourly support is given at 122.56 (18/05/2017 low). Hourly resistance can be found at 125.82 (16/05/2017 high). Major support is given at 114.90...
Analytics & Forecasts
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Jiming Huang, 12 June 2017, 14:33
Short-term consolidation. • AUD/USD is pushing higher since the pair has failed to reach hourly support given at 0.7329 (09/05/2017 low). As long as prices remain below resistance at 0.7608 (17/04/2017 high), there are...
Analytics & Forecasts
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Jiming Huang, 12 June 2017, 14:31
Trading mixed. • USD/CAD is trading sideways. Hourly support can be found at 1.3388 (25/01/2017 high). Expected to show continued weakness. • In the longer term, there is now a death cross...
Analytics & Forecasts
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Jiming Huang, 12 June 2017, 14:29
Back to bearish. • USD/CHF continues its decline despite some ongoing consolidation. Hourly resistance can be found at 0.9808 (30/05/2017 high). Strong resistance is given at 1.0107 (10/04/2017 high...
Analytics & Forecasts
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Jiming Huang, 12 June 2017, 14:27
Bearish pressures arise, • USD/JPY's short-term bearish pressures are back. The pair is bouncing lower. Hourly support can be found at 109.12 (07/06/2017 high). Strong support is located at 108.13 (17/04/2017 low...
Analytics & Forecasts
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Jiming Huang, 12 June 2017, 14:26
+ Consolidating. • GBP/USD is now consolidating around former hourly support given at 1.2757 (21/04/2017 low). Hourly resistance lies at 1.3046 (18/05/2017 high...
Analytics & Forecasts
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Jiming Huang, 12 June 2017, 14:24
Sideways price action. • EUR/USD is trading mixed below strong resistance given at 1.1300 (09/11/2017 high). Hourly support is given at 1.1110 (22/05/2017 low) has been broken. Stronger support lies at...
Analytics & Forecasts
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Jiming Huang, 12 June 2017, 14:22
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, June 12th Seems that the EUR/USD pair has recovered a smile and today remains above the level 1.1200 after negative rally, seen last week...
Analytics & Forecasts
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EEAnalytics, 12 June 2017, 12:33
EUR/USD The euro is trying to return to the area above 1.1200. In the macroeconomic calendar is nothing interesting today, so the dynamics of the euro will depend on the technical factors and movements of the British currency. The nearest local support is in the area of ​​1...
Analytics & Forecasts
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Real Trade, 12 June 2017, 12:02
Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex.com‌ EURUSD Dominant bias: Bullish The bias on this pair remains bullish but under threat as price consolidated last week, moving between the resistance lines at 1.1200 and 1...
Analytics & Forecasts
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ap5m6, 11 June 2017, 23:52
The US Dollar Index gained ground on Friday, rising above the level it opened on Monday. The greenback rose particularly against the yen and pound on Friday and remained steady versus the AUD and CAD...
Analytics & Forecasts
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Roman Vashchilin, 11 June 2017, 19:21
EURUSD: With the pair continuing to retain its upside pressure, more strength is envisaged though hesitating the past week. Resistance comes in at 1.1250 level with a cut through here opening the door for more upside towards the 1.1300 level. Further up, resistance lies at the 1...
Analytics & Forecasts
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FXTechstrategy.com, 11 June 2017, 17:32
Currency Strength Analytics for Gold: As posted last Tuesday gold has hit the high of month April at the PIP (!) and started its reversal move while the indicator showing now a hook from currency market Fibonacci +100...