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Economic growth in Russia is expected to decline in 2016 and next year, before returning to growth in 2018 and the years ahead...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 11:14 #GDP
Market Roundup Hillary Clinton diagnosed with pneumonia, rumors swarm – various media. CFTC IMM CTA data – Specs lift USD bets for first time in six weeks, JPY longs down to 54.4k contracts, EUR shorts up to 92.6k, AUD longs off, GBP outlier with shorts off...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 09:52
Major support – 135.09 (38.2% retracement of 138.83 and 129.06). Major resistance – 137.66 (55-day EMA). GBP/JPY has retreated after making a high of 137.13. It is currently trading around 136.08. On the lower side, major support is around 135.09 (38.2% retracement of 138.83 and 129...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 09:49
The upcoming GDP data of New Zealand is expected to indicate that the economy remained in sound shape in the second quarter. Following a decent expansion of 0.7 percent in the prior quarter, the economy is projected to have expanded 1 percent in the June quarter, said Westpac in a research note...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 09:48
EUR/JPY rangebound in the Asian session, Doji formation seen. Upside capped by 55-EMA at 115.37, break above finds next major resistance at 115.87 (trendline). We see scope for test of 20-DMA at 114.31, break below finds next support at 114 (rising trendline...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 09:39
The New Zealand government bonds closed mixed Monday, succumbing to thin trading activity during a relatively quiet session that witnessed data of little significance...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 09:30
Wholesale inventories in the United States remained unchanged during the month of July, while sales declined to six-month low during the same period, suggesting that a modest growth is awaiting at the start of the third quarter...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 08:50
Major support – $1332 (21-day MA). Major resistance - $1345 The yellow metal has broken major support at $1332 and slightly declined till $1325 at the time of writing . It is currently trading around $1328...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 08:48
USD/CNY is currently trading around 6.6752 marks. It made intraday high at 6.6860 and low at 6.6640 levels. Intraday bias remains bullish till the time pair holds key support at 6.6600 marks. On the top side, a sustained close above 6.6722 mark will test key resistances at 6.6870, 6.7017, 6...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 08:47
PMI survey data indicated that the global economic growth accelerated higher for the third straight month in August. However, it was unsuccessful in breaking out of its worst spell for three years, said IHS Markit in a research note...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 08:45
Producer prices in Japan logged the biggest monthly drop since the month of April, recording the smallest annual contraction in six months. Moreover, prices remained weaker than what markets had initially anticipated. Producer prices in Japan were down 0...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 08:39
The Australian government bonds plunged Monday as the United States Federal Reserve rate hike speculation gathered steam following hawkish comments from the Fed policymakers...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 08:38
AUD/USD is extending downside after rejection at major trendline resistance at 0.7732 in Thursdays trade last week. As mentioned in our previous call (), the pair has hit 20-DMA. The major has broken supports at 20-DMA (0.7602) and then 50-DMA (0.7582) on Fridays trade...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 08:37
India’s consumer price inflation is expected to have eased significantly in August following a sharp rise in the previous month. CPI inflation is likely to have slowed to 5 percent year-on-year after reaching a 23-month high of 6...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 08:36
Canada’s employment growth normalized in August. The nation added a total of 26.2k jobs in the month. With the labor force growing, the jobless rate reached 7 percent in August. On six month moving average basis, employment grew 7.8k, widely consistent with the trend seen so far in 2016...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 08:29
Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated. Upcoming: China: FDI details for August will be reported at 5:30 GMT. Money supply and loans statistics may get released today...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 08:27
Machinery orders in Japan unexpectedly rose for the second straight month in a row in July, releasing a preliminary sign that the ailing economy is on a gradual path of improving demand, leading to higher corporate spending. Japan’s core machinery orders increased at a seasonally adjusted 4...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 08:25
USD/INR is currently trading around 66.87 marks. It made intraday high at 66.92 and low at 66.85 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 67.05 marks. Key resistances are seen at 66.92, 67.05, 67.16, 67.28, 67.52, 67.71, 67.84, 67.95, 68.02, 68...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 08:22
EUR/GBP trades a narrow range in the Asian session, finds strong support at 0.8440 (converged 5&10 DMA). Violation there could see next major support by cloud top at 0.8431. EUR/GBP has bounced off from major trendline support on Sept 6th trade...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 08:17 #eur/gbp
XAG/USD is currently trading around $18.92 marks. It made intraday high at $19.12 and low at $18.76 levels. Intraday bias remains bearish till the time pair holds key resistance at $19.27 levels. A daily close below $18.76 will take the parity down towards key supports at $18.68, $18.44, $18...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 08:16