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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
Ongoing uncertainty over the US interest rates outlook amid a slew of mixed Fed speaks, leaves the investors confused. Kiwi bears in control for the third straight session, NZD/USD recovery attempts rejected at session highs by 0.7345...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 08:09
FITCH -PROGRESSIVE INCREASE IN MINIMUM CAPITAL REQUIREMENTS UNDER BASEL III LIKELY TO PUT NEARLY HALF OF INDIAN BANKS IN DANGER OF BREACHING CAPITAL TRIGGERS...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 08:02
All the Asian indices were trading on a negative note on the start of a new week. On the other side, gold remains well supported above $1,320 mark but silver slips below $19.00 mark. Silver was trading around $18.92 levels. Japan’s Nikkei 225 was trading 1.51 percent lower at 16,708.42 points...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 07:56 #gold
Major resistance -5312 (3-day EMA). Major support - 5208 (Cloud bottom). The index has broken major psychological support at 5300 and declined till 5214 at the time writing.It is currently trading around 5214...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 07:00
Major support -16820 (200- day MA). Nikkei225 has broken major support at 200- day MA at 16796 and trades slightly below that level.It is currently trading around 16693. The index has formed temporary top around 17159 and is struggling to break that level...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 06:58 #Nikkei
USD/TWD is currently trading around 31.64 marks. It made intraday high at 31.69 and low at 31.19 marks. Intraday bias remains neutral till the time pair holds key resistance at 31.82 marks. A daily close above 31.78 will drag the parity up towards key resistances around 31.98, 32.12, 32.25, 32...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 06:56
USD/KRW is currently trading around 1,110 levels. It made intraday high at 1,111 and low at 1,102 marks. Intraday bias remains bullish till the time pair holds key support at 1,102 levels...
Analytics & Forecasts
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Eko Rediantoro, 12 September 2016, 06:46