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The AUD/USD pair keeps range near the upper bound of today’s trading range, as investors digest the latest upbeat Australian trade balance data. AUD/USD: 0.7700 closer? Currently, the AUD/USD pair now trades modestly flat at 0.7677, flirting with session tops previously posted at 0.7683...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 18:16
In trend terms, the balance on goods and services was a deficit of $2,485m in July 2016, an increase of $62m (3%) on the deficit in June 2016...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 18:14
Oil prices extended gains by more than 1.5 percent on Thursday after industry data showed what might be the largest weekly crude stock draw in over three decades. U.S. crude stocks surprisingly plunged 12...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 18:12
It will be difficult for ECB President Draghi to reach a consensus on extending bond purchases at this meeting...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 18:07 #ECB
Gold Prices Channel Deeper into Bull Flag Formation Talking Points: Gold Technical Strategy: Longer-term up-trend still alive, near-term bearish channel (bull flag formation). Gold prices are moving lower as investors have responded to a recent uptick in hawkishness from the Federal Reserve...
Analytics & Forecasts
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Mohammed Abdulwadud Soubra, 14 September 2016, 18:07
Fed's Beige Book "Prepared at the Federal Reserve Bank of San Francisco and based on information collected on or before August 29, 2016...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 18:06 #Fed
The Japanese economy posted only modest growth in the second quarter, placing more pressure on the Bank of Japan (BOJ) to enact new policies to stimulus growth. Japan’s gross domestic product (GDP) advanced 0...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 18:03
Anyone feeling disappointed about the ECB’s decision to leave its interest rates unchanged may skip the Swiss National Bank’s quarterly policy assessment scheduled for this Thursday with an easy mind. Economists expect the SNB’s interest rate to remain steady at minus 0...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:54
Even if you are an intraday trader, you need to understand the big picture and foresee where the market is going. Being able to identify long-term trends is a vital skill for those who are serious about trading...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:53
AUD/NZD reversed from resistance level 1.0310 Next sell target - 1.0200 AUD/NZD continues to decline – after the earlier downward reversal from the resistance level 1.0310 (former powerful support level which stopped the previous intermediate impulse wave (1) in July, as can be seen below...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:52 #AUD/NZD
You want to snatch a round sum of money, but remain hesitant on what to bet. We are ready to give you some guts. Let’s look at GBP/USD exchange rate forecasts from some forex market majors...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:51 #GBP/USD
There’s a bearish “Shooting Star” at the local high. If it confirms, the price is likely going to get a support on the nearest Moving Averages. As we can see on the Daily chart, the middle of the last huge black candle acted as a resistance again...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:49 #usd/jpy
There’s a consolidation above the 55 Moving Average, which brought a “Harami” and a “Doji” patterns. Therefore, the price is likely going to test the nearest resistance line once again. If we have a pullback from this level, then bears will likely try to deliver a new low...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:48 #EUR/USD
The Bank of Japan is on the verge of making negative interest rates the centerpiece of its future monetary easing by simply shifting its prime policy target from base money to interest rates at its review next week...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:46
China's graft watchdog disclosed a bunch of serious problems at the country's securities regulator for recent years, such as illegal share trading by officials' family members, thus helping the head of the regulator to vow to suppress corruption...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:43 #China
On Wednesday, Asian shares were mostly mixed on weakness in American equities as well as continued concerns that global major banks will soon reverse their easing schemes. Japan’s Nikkei Stock Average tumbled 0.2%. The Shanghai Composite Index lost 0.3%, while the Hang Seng Index soared 0.2...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:42
On Wednesday, the Japanese yen weakened during Asia trade, as traders reacted to a report on probable changes to the Bank of Japan's easing policies, while the New Zealand dollar rebounded after a wider than expected current account deficit. The currency pair USD/JPY traded at 103.05, rising 0...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:41
On Wednesday, crude oil held early revenues in Asia after American industry data revealed a lower than expected build in stockpiles. In New York, October delivery crude futures edged up 0.40%, hitting $45.08 per barrel, while in London, November delivery Brent futures soared 0.15%, trading at $47...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:40 #Brent
On Wednesday, the New Zealand dollar held weaker in Asia after a wider than expected current account deficit with traders increasingly focused on major bank board gatherings next week in America and Japan...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:38