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USD/TWD is currently trading around 31.62 marks. It made intraday high at 31.71 and low at 31.56 marks. Intraday bias remains neutral till the time pair holds key resistance at 31.77 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, 13 September 2016, 14:57
Trading recommendations Sell ​​Stop 0.7280. Stop-Loss 0.7340. Take-Profit 0.7240, 0.7115, 0.7100, 0.7085, 0.6975, 0.6900, 0.6860 Buy Stop 0.7350. Stop-Loss 0.7280. Take-Profit 0.7380, 0.7420, 0.7500, 0...
Analytics & Forecasts
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Yuri Papshev, 13 September 2016, 12:48 #Trading, forex
USD/SGD is currently trading around 1.3564 marks. It made intraday high at 1.3571 and low at 1.3546 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3632 marks. A sustained close above 1.3632 will test key resistances at 1.3660, 1.3732, 1.3799, 1.3836, 1...
Analytics & Forecasts
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Eko Rediantoro, 13 September 2016, 11:07
Moodys Investors Service says that the 1H 2016 results of its 12 rated listed Chinese banks showed a continued weakening in their overall performance, while some improvements were evident for new problem loan formation, capital and funding in the case of a small number of banks...
Analytics & Forecasts
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Eko Rediantoro, 13 September 2016, 10:58
According to the latest September report, the 14-member oil producing cartel said central banks such as the U.S. Federal Reserve will be crucial in determining the state of global growth and the overall health of the energy sector...
Analytics & Forecasts
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Eko Rediantoro, 13 September 2016, 10:42
Turkeys central bank reduced its reserve requirement ratios on Tuesday last week to boost the liquidity in the financial system. The Turkish lira reserve requirement ratios were cut by 50 basis points for all maturity brackets, the Central Bank of the Republic of Turkey (CBRT) said in a statement...
Analytics & Forecasts
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Eko Rediantoro, 13 September 2016, 10:38
Market Roundup • Fed’s Brainard: warns against removing support for U.S. economy, wants stronger spending, inflation data before tightening. • US rate hike odds for Sept dip after dovish Brainard comments to 15% from 21%, Dec rises near 59...
Analytics & Forecasts
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Eko Rediantoro, 13 September 2016, 10:35
The pair initially declined in the early US session but rebounded back strongly after Federal Reserve expressed caution about the need to raise U.S. interest rates. Fed Governor Lael Brainard said on Monday she wanted to see a stronger trend in U.S...
Analytics & Forecasts
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Eko Rediantoro, 13 September 2016, 09:39
USDJPY Daily Forecast: September 13 2016 USDJPY Forecast The USDJPY had a bearish momentum yesterday bottomed at 101.56 and hit 101.41 earlier today in Asian session. The bias is bearish in nearest term testing 101.15...
Analytics & Forecasts
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Roberto Jacobs, 13 September 2016, 06:28
USDCHF Daily Forecast: September 13 2016 USDCHF Forecast The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 0.9750. A clear break above that area could trigger further bullish pressure testing 0.9800 or higher...
Analytics & Forecasts
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Roberto Jacobs, 13 September 2016, 06:26 #usdchf
Bank of Russia’s Governor Elvira Nabiullina sent out a somewhat hawkish signal ahead of widespread expectations for a policy rate cut this Friday...
Analytics & Forecasts
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Eko Rediantoro, 13 September 2016, 02:07
This contrarian complacency chart, which is shared by zerohedge.com, shows the 25-day moving average of the number of issues unchanged in a trading day as a percentage of all issues...
Analytics & Forecasts
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Eko Rediantoro, 13 September 2016, 02:00
Denmark statistics office data released on Monday showed that Denmarks EU-harmonised consumer price index (HICP) was unchanged in August after rising 0.1 percent in July. Expectations were for a 0.4 percent rise. Month-on-month, the HICP slid 0.4 percent. The consumer price index rose 0...
Analytics & Forecasts
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Eko Rediantoro, 13 September 2016, 01:58
Data released by the statistical office Turkstat on Friday showed that Turkey Q2 GDP growth significantly disappointed with GDP increasing by only 0.3 percent q/q, missing expectations for 0.5 percent and compared to 0.7 percent in Q1. On a year-over-year basis gross domestic product rose 3...
Analytics & Forecasts
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Eko Rediantoro, 13 September 2016, 01:56 #GDP
USD/CAD has rose on Monday as rising risk aversion and lower oil prices weighed on the risk-sensitive Canadian dollar. Oil fell after speculators delivered hefty cuts to their bullish bets last week and U.S. crude drillers added more rigs for a tenth week running...
Analytics & Forecasts
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Eko Rediantoro, 13 September 2016, 01:55
Organization of Petroleum Exporting Countries (OPEC) warned on Monday that the supply outside OPEC would rise into the next year and revised the group’s forecast of the supply outside and if the cartel, whose production is also rising this year, even maintains the current level of production we w...
Analytics & Forecasts
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Eko Rediantoro, 13 September 2016, 01:42
Metal pack is down today. Performance this week at a glance in chart & table - Gold: Gold is down despite risk aversion in the market. Today’s range $1322-1330.5 We expect gold to reach $1520 Gold is currently trading at $1325/troy ounce...
Analytics & Forecasts
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Eko Rediantoro, 13 September 2016, 01:26
One of a handful of currencies where we do not mind earning the fat vol carry on offer is BRL. Front-end USDBRL vols have popped higher over the past two weeks alongside a bounce in the spot, and are once again packing in a sizeable 4-5 % pts. of premium in comparison with trailing realized vols...
Analytics & Forecasts
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Eko Rediantoro, 13 September 2016, 01:02
Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table. Oil (WTI) – WTI is down as the market got hit by risk aversion. Today’s range $44.7-45.7 WTI is currently trading at $45/barrel. Immediate support lies at $42 area and resistance at $50.2 area...
Analytics & Forecasts
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Eko Rediantoro, 13 September 2016, 00:59
Dollar index trading at 95.29 (+0.02%) Strength meter (today so far) – Aussie -0.16%, Kiwi -0.08%, Loonie -0.62% Strength meter (since last week) – Aussie -0.16%, Kiwi -0.08%, Loonie -0.62% AUD/USD – Trading at 0.752...
Analytics & Forecasts
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Eko Rediantoro, 13 September 2016, 00:54