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Crude oil prices extended gains on Tuesday with the WTI and Brent rising 0.50% and 0.80%, respectively, amid mounting geopolitical tensions and shrinking oil inventories...
Market News
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Jiming Huang, 18 October 2017, 13:31
Speaking today at the opening of the conference dedicated to structural reforms held at the ECB headquarters, the president of the European Central Bank, Mario Draghi, did not concern the monetary policy decisions expected from the ECB on October 26...
Analytics & Forecasts
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TifiaFX, 18 October 2017, 13:04 #fundamental analysis
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, October 18th The EUR/USD pair extends its bearish trend for the fifth consecutive session, remaining within striking distance of its weekly lows, marked yesterday at 1.1736 spot...
Analytics & Forecasts
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EEAnalytics, 18 October 2017, 12:40
EURUSD: With the pair weakening further during Tuesday trading session, more decline is envisaged with eyes on its psycho support at 1.1700. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1...
Analytics & Forecasts
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FXTechstrategy.com, 17 October 2017, 16:06
Today will be released the US industrial production and is expected to increase to 0.3%m/m from a month earlier at -0.9%m/m. The greenback which has largely weakened since the start of the year is now facing upside pressures since European political worries are accelerating...
Market News
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Jiming Huang, 17 October 2017, 13:27
The minutes of the last RBA meeting were released early this morning...
Market News
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Jiming Huang, 17 October 2017, 13:25
The CPI of New Zealand in the third quarter grew by 0.5% (the forecast was +0.4% and 0% in the previous quarter) and 1.9% in annual terms (the forecast was +1.8% and 1.7% in the previous quarter...
Analytics & Forecasts
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TifiaFX, 17 October 2017, 13:03 #nzdusd, technical analysis
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, October 17th The EUR/USD pair remains under bearish control for the fourth consecutive session, as uncertainty on the political field of Spain drags the euro lower against its main competitors...
Analytics & Forecasts
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EEAnalytics, 17 October 2017, 12:45
GBPUSD: The pair continues to see price hesitation below its key resistance at 1.3337 level. However, while that resistance remains unbroken, we could see the pair weaken. Support lies at the 1.3250 level where a break will turn attention to the 1.3200 level. Further down, support lies at the 1...
Analytics & Forecasts
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FXTechstrategy.com, 16 October 2017, 15:56
The focus of traders trading in the British pound, this week will be the publication of important macro data on the UK. On Tuesday (08:30 GMT), a block of inflation indicators for the UK for September (indices of producer prices, consumer price indices) will be published...
Analytics & Forecasts
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TifiaFX, 16 October 2017, 14:09 #fundamental analysis
The single currency decreased after the market opening against the dollar. The Austrian Legislative Election brought new uncertainties...
Market News
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Jiming Huang, 16 October 2017, 13:58
The US dollar experienced another broad-based sell-off last Friday amid disappointing inflation and retail sales data. Commodities currencies benefited the most of this renewed USD weakness as investors discounted an aggressive Fed rate path. The single currency rose 0.58% to 1...
Market News
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Jiming Huang, 16 October 2017, 13:57
Where will it stop? (Yann Quelenn ) • Bitcoin is definitely on a strong momentum. Strong support stands very far at 2975 (22/08/2017 low). Bitcoin si ready to set up new all-time high. The road is wide open for further increase. In the short-term, the digital currency should monitor $6000...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:55
Riding the range. (Yann Quelenn ) • Crude oil is pushing higher within a range defined by the support at 50.43 and the strong resistance lies at 52.86 (28/09/2017). Expected to show continued increase within this range. • In the long-term, crude oil has recovered after its sharp decline last year...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:52
Higher. (Yann Quelenn ) • Silver has further improved as can be seen by the new resistance at 17.43 (13/10/2017 high). The precious metal keeps on trading above $17. Hourly support can be found at 16.13 (06/10/2017 low). Expected to show further increase...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:50
Breaking 1300. (Yann Quelenn ) • Gold is back to bullish. The precious metal is way into an uptrend channel. Hourly support is given at 1291 (13/10/2017 low). Strong support lies at a distance at 1204 (10/07/2017 high). Expected to show continued bullish pressures...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:49
Likely to further decrease. (Yann Quelenn ) • EUR/CHF still lies in a bullish trend. Yet, downside pressures are likely to accelerate. Strong resistance lies at a distance at 1.1623 (22/09/2017 high). Support is given at 1.1388 (02/09/2017 low). Downside risk is very likely...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:47
Bearish pressures. (Yann Quelenn ) • EUR/GBP's weakness is only a consolidation. The pair is back below former resistance at 0.8899 (19/09/2017 low). The very short-term technical structure is now biased to the upside. Hourly support is given at a distance at 0.8746 (27/09/2017 low...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:44
Consolidating below 0.79. (Yann Quelenn ) • AUD/USD has surged and is now pausing below 0.7900. Hourly resistance is given at 0.7897 (13/10/2017 high). Support lies at at 0.7733 (06/10/2017 low). Expected to show continued increase. • In the long-term, the trend is turning positive...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:43
Middle of rising channel. (Yann Quelenn ) • USD/CAD continues to bounce within uptrend channel. Strong support is located at a distance at 1.2062 (08/09/2017 low). Hourly support lies at 1.2331 (26/09/2017 high). Resistance is given at 1.2663 (31/08/2017 high...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:41