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The British pound is unlikely to rush to post-Brexit lows, rather the move will be gradual and as such investors should position to take advantage of any bouts of strength...
Analytics & Forecasts
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Vasilii Apostolidi, 4 July 2016, 17:39
Details from the May 2016 Eurozone PPI data report 4 July 2016 Prior -0.3% -3.9% vs -4.1% exp y/y. Prior -4.4% Energy prices rose 1.7% and I'd suggest we're now going to start seeing the rise in oil prices being reflected in price data. In the 28 states it rose 2.8% vs -0.4% prior...
Market News
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Sherif Hasan, 4 July 2016, 16:17
Another solid jump in y/y vehicle registrations noted by the KBA Total registrations 8.4% vs 11.5% prior y/y YTP 7.0% vs 6.7% prior From the breakdown; Car registrations +8.3...
Market News
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Sherif Hasan, 4 July 2016, 16:13
USD/CAD technical analysis The commodity currencies are the top performers today and that's pushed USD/CAD down 50 pips to 1.2862. The pair has been in a steady downtrend since rising over 1.31 last Monday. The declines continues to eat into the Brexit rally and now the 61.8% retracement at 1...
Market News
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Sherif Hasan, 4 July 2016, 16:12
Morgan Stanley are forecasting an extension of the euro / pound exchange rate rally. Hans Redeker, Head of Global FX Strategy at Morgan Stanley writes: We believe that the EUR can remain well supported even in times of political uncertainty...
Analytics & Forecasts
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Vasilii Apostolidi, 4 July 2016, 16:03
Then we start to see the first pattern is called the engulfing and a very powerful pattern of slow but better support and resistance can also be time you are trading on lower frame such as 15 minutes and 5 if not the 5 min up always with our filter that would be our support and resistance if you...
Trading Systems
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Andrea Baldassarre, 4 July 2016, 15:11 #Trading, forex
FxWirePro: USD/CAD Faces Strong Support at 21 Day MA, Good to Sell on Rallies Major support- 1.2865 (21 day MA) Major resistance – 1.3033 (200 day MA) USD/CAD has broken major support 1.2899 (daily Kijun-Sen) and declined till 1.28650 at the time of writing. It is currently trading around 1.28721...
Analytics & Forecasts
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Roberto Jacobs, 4 July 2016, 13:34
GBPUSD: The pair continues to hold on to its downside pressure closing lower the past week and leaving risk lower in the medium term. On the downside, support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level...
Analytics & Forecasts
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FXTechstrategy, 4 July 2016, 13:31 #Trading, forex
Learning how to read charts, having access to the right technology, negotiating the best broker fees, these are all important factors for a new trader to get started on the right foot, but the most crucial factor, which is often overlooked is learning to keep your emotions in check...
Other
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Sherif Hasan, 4 July 2016, 13:30
USD/JPY showed some movement last week, but closed almost unchanged at 102.46. This week has seven events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. The yen settled down last week, after posting strong gains after the Brexit vote...
Forecasts
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Sherif Hasan, 4 July 2016, 13:28
GBP/USD posted sharp gains last week, dropping over 200 points. The pair closed at 1.3246. This week’s highlights are PMI reports and Manufacturing Production. Here is an outlook on the major market-movers and an updated technical analysis for GBP/USD...
Weekly Trends
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Sherif Hasan, 4 July 2016, 13:26
The Canadian dollar enjoyed a strong week ,as USD/CAD fell 160 points. The pair closed at 1.2868. This week’s key event is Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Canadian GDP posted a small gain of 0...
Weekly Trends
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Sherif Hasan, 4 July 2016, 13:25
I offer you the unique indicators to help the trader in his hard work. Presented indicators are suitable for both beginners and experienced traders...
Trading Strategies
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Maxim Kuznetsov, 4 July 2016, 12:06
G’day, forex mates! Another RBA statement is heading our way this Tuesday (July 5, 4:30 am GMT), so get up to speed on how the Australian economy is faring by reading up on another edition of my Economic Snapshot...
Forecasts
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Sherif Hasan, 4 July 2016, 12:04
Welcome to the second half of the year! Can you believe we only have another six months to go this year? Let’s take a quick look at the major economic themes that rocked the forex markets in Q2 2016 to complete your H1 2016 analyses...
Market News
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Sherif Hasan, 4 July 2016, 11:58
Allora parto subito nel dirvi che i supporti e le resistenze servono tanto per tradare la price action perché sono come le chiavi di una macchina ciò nel senso che si va in moto sembra banale ma è così bisogna aspettare che il prezzo raggiunga un certo livello aspettare che si formi il pattern ed...
Investors are still in the process of sorting out the ramifications of the surprise pro “Brexit” vote which created extreme volatility in the markets...
Market News
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Sherif Hasan, 4 July 2016, 11:48 #economic calendar
Technical Analysis of USD/CAD fo July 4, 2016 General overview for 04/07/2016: The corrective cycle to the downside is still in progress and there is one more wave needed to complete the pattern. The projected target for wave c of the wave (ii) is at the level of 1...
Technical Analysis of EUR/JPY for July 4, 2016 General overview for 04/07/2016: The corrective cycle in wave iv is evolving into a complex and time-consuming pattern, possibly a triangle or any other WXY complex structure. The technical resistance at the level of 115...
FxWirePro: DAX30 Struggles to Close Above 9800, Good to Buy at Dips Major resistance – 9815 (90 4H EMA) The index has broken psychological resistance at 9800 and jumped till 9812 at the time of writing. It is currently trading around 9769. DAX30 should close above 9815 for further bullishness...
Analytics & Forecasts
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Roberto Jacobs, 4 July 2016, 10:16