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Research Team at BNP Paribas, notes that the USDCNY reached a new high this morning at 6.4250 as Chinese authorities allowed further RMB depreciation. Key Quotes “This trend is consistent with our expetctations that the pair will trend towards 6.60 during 2016 as the USD rebounds...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 09:33
The bid tone on the JPY is seen easing post-European open, sending USD/JPY back towards 123 handle as risk-on returns to markets. USD/JPY: Risk-on seeps back Currently, the USD/JPY pair trades -0.09% lower at 122.81, recovering from session lows reached at 122.64 levels...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 09:26
The Bank of England has held interest rates at record low of 0.5 per cent since March 2009. There is a lot of speculation in the market with respect to the timing of the rate hike. Bank Governor Mark Carney told lawmakers on that interest rates were likely to stay low for "some time...
Market News
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sathish kumar, 9 December 2015, 09:24 #Bank of England
The GBP/JPY pair ran into fresh bids near 184.02 (23.6% of 195.88-180.36) and recovered losses to trade largely unchanged around 184.45 levels. Stuck between key Fib levels The cross has been stuck between key fib levels – 184.02 (23.6% of 195.88-180.36) and 186.29 (38.2% of 195.88-180.36...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 09:21
The stock markets across Europe opened on a positive note, tracking the relief rally in oil. The mining-heavy London’s FTSE index advanced 0.4%. The pan-European Euro Stoxx 50 index was largely unchanged. France’s CAC was up 0.20%, while Germany’s DAX was trading dead flat...
Market News
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sathish kumar, 9 December 2015, 09:16
The GBP/USD pair stages a solid comeback this session, bringing an end to three consecutive days of declines, mirroring the recovery in oil prices. GBP/USD finding support above daily pivot at 1.5008 The GBP/USD pair trades 0.18% higher at 1.5037, having posted fresh session highs at 1.5043...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 09:13
The price is located below Ichimoku cloud for the primary bearish area of the chart with the secondary ranging within the following key reversal s/r levels: 1046.27 support level located far below Ichimoku cloud in the primary bearish area of the daily chart, and 1191...
Metals
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Sergey Golubev, 9 December 2015, 09:11 #Ichimoku, gold
Taisuke Tanaka, Research Analyst at Deutsche Bank, suggests that the rising current account surplus of Japan can contribute to capping USD/JPY upcycle in 2016. Key Quotes “Japan’s C/A surplus has been expanding...
Market News
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sathish kumar, 9 December 2015, 09:09
Taisuke Tanaka, Research Analyst at Deutsche Bank, suggests that the rising current account surplus of Japan can contribute to capping USD/JPY upcycle in 2016. Key Quotes “Japan’s C/A surplus has been expanding...
Market News
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sathish kumar, 9 December 2015, 09:09
Senior Analyst at Danske Bank Pernille Henneberg sees the cross entering in the overbought territory following the recent rally...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 09:04
Analysts say that history in the #oil #market repeats itself, and draw a few parallels between the current situation and the period from 1997 to 1999, when oil had dropped to $ 10. What is similar between the 1990's and nowadays? Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 9 December 2015, 09:03 #Trading, forex
World Bank, in its latest review, mentioned the commodity prices are unlikely to see a recovery over the next 5 years. The review also says African currencies have depreciated due to anticipated US interest rate hike...
Banks
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sathish kumar, 9 December 2015, 09:02
The single currency keeps appreciating vs. its Swiss peer on Wednesday, pushing EUR/CHF to test highs around 1.0840. EUR/CHF within range ahead of SNB The cross seems now to be stabilizing around the mid-1.0800s after being rejected from the 1...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 08:58 #eurchf
Oil prices at both the sides of the Atlantic rose today as oil stocks in the US dipped. At the time of writing, the WTI oil Jan futures were up 1.77% or 66 cents at USD 38.17/barrel. Brent futures were up 1.2% or 50 cents at USD 40.77/barrel...
Crude Oil
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sathish kumar, 9 December 2015, 08:55 #crude oil
After touching its channel lower boundary for the third time I think Gold may target 1100$ per ounce.For the next months I think Gold will move flat with a slight down slope that's way depending on side-way strategies may seem to be the right choice for the next time period...
Analytics & Forecasts
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Muhammad Elbermawi, 9 December 2015, 08:40
The Dow Jones Index now struggle to narrow the gap between its its yearly open and close but sooner or later it will face a problem. I have a target of 16000 point for the next few months...
Analytics & Forecasts
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Muhammad Elbermawi, 9 December 2015, 08:14
Research Team at Danske Bank, suggests that when looking at the previous hiking cycles there is a tendency for the USD (DXY index) to weaken after the first Fed hike...
Market News
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sathish kumar, 9 December 2015, 07:57
Research Team at RBS, suggests that the Bank of England holds its December monetary policy decision, and we do not expect a change in interest rates by the Bank of England...
Market News
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sathish kumar, 9 December 2015, 07:53
USD RUB, “US Dollar vs Russian Ruble” Russian Ruble continues moving upwards as the oil prices hit new lows. The market has reached the target of the extension. We think, today, the price may form a consolidation channel and a reversal pattern...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 07:45
USD RUB, “US Dollar vs Russian Ruble” Russian Ruble continues moving upwards as the oil prices hit new lows. The market has reached the target of the extension. We think, today, the price may form a consolidation channel and a reversal pattern...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 07:45