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Deutsche Bank made a long-term forecast for USD/SEK stated that this pair will continuing with the ranging condition up to the end of this year: the price is traded to be on bullish ranging within 8.02 support level and 8...
Currency
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Sergey Golubev, 8 December 2015, 06:11 #technical analysis
Research Team at NAB, notes that the latest NAB Monthly Business Survey suggests the apparent recovery in the non-mining economy has remained on track, with business conditions holding up at above average levels for the past nine months...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:42
In US dollar terms, China’s trade surplus contracted $54.10 billion for the month, down from October's record high of $61.64 billion. Imports fell for the 13th consecutive month, though the decline eased last month. Imports fell 8.7%, against forecasts of a 12.6 % decline and a drop of 18...
Market News
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sathish kumar, 8 December 2015, 05:38
Research Team at NAB economics, is forecasting Indian economy to register a 7.5% expansion in 2015, followed by 7.6% in 2016. Key Quotes • “India’s economy accelerated in the September quarter 2015, with Real GDP growing by 7.4% yoy, up from 7% in the June quarter...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:35
Risk-off trades re-emerged in Asia following the release of weak Chinese trade data, which boosted gold’s safe-haven appeal and aided the recovery in the bullion from near 1066 levels. Gold: Revisits daily highs near 1072.50 Currently, gold trades marginally higher at 1071...
Metals
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sathish kumar, 8 December 2015, 05:33 #gold
Research Team at BBH, notes that China's reserves fell by a little more than $87 bln in November, marking its third largest decline it has recorded, and a little below the $94 bln drop reported in August. Key Quotes “The euro fell 4% in November...
Market News
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sathish kumar, 8 December 2015, 05:30
The EUR/JPY wavers in a tight range after opening a tad higher at Tokyo on the back of higher demand for the yen following negative equities and above estimates Japan’s Q3 GDP figures. EUR/JPY: Bearish pressures intact Currently, the EUR/JPY pair drops -0.06% to 133.60, with 5-DMA at 133...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:27
The EUR/USD’s recovery from near 1.08 handle gains further traction in mid-Asia, with the bulls jumping-off hourly 20-SMA support near 1.0830 region. EUR/USD bounces on increased safe-haven appeal Currently, the EUR/USD pair trades 0.20% higher at fresh session highs of 1...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:20 #EUR/USD
EURGBP- Having reversed its intra day losses to close slightly higher on a rejection candle on Monday, bull pressure now builds up on resistance zone at 0.7250. On the upside, resistance lies at the 0.7240 level where a violation if seen will turn risk towards the 0.7280 level. Further out, the 0...
Analytics & Forecasts
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FXTechstrategy Team, 8 December 2015, 05:19
The Japanese yen snaps losses and extends gains against its American rival in the mid-Asian session, with USD/JPY breaching key support near 123.10 region. USD/JPY on its way to hourly 200-SMA Currently, the USD/JPY pair trades -0.24% lower at fresh session lows of 123...
Market News
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sathish kumar, 8 December 2015, 05:15 #usd/jpy
The Aussie keeps range below hourly 20-SMA at 0.7278 following the release of the sluggish Chinese trade figures, which once again raised worries over the country’s external demand. China data disappoints again Currently, the AUD/USD pair trades -0.11% lower at 0...
Currency
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sathish kumar, 8 December 2015, 05:10
USD CAD, “US Dollar vs Canadian Dollar”At the H1 chart, the price is moving at the top as well. If the pair breaks the +2/8 level during the day, the lines at the chart will be redrawn...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:09
USD CAD, “US Dollar vs Canadian Dollar”At the H1 chart, the price is moving at the top as well. If the pair breaks the +2/8 level during the day, the lines at the chart will be redrawn...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:08
USD CAD, “US Dollar vs Canadian Dollar” Canadian Dollar is trying to stay above the 8/8 level inside “overbought zone”. Earlier, the price was supported by the 6/8 level and rebounded from it several times. In the nearest future, the market may continue moving towards the +2/8 level...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 05:03
AUD/JPY was licking its wounds after losing the 0.73 handle in a soft commodities sector and the greenback losing ground to the Yen. In recent moments, there has been supply in the Aussie while PBoC said to be injecting CNY 10b via 7 day reversals and sets the ref rate mid point for CNY at 6...
Currency
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sathish kumar, 8 December 2015, 04:22
On Tuesday, the Chinese central bank, PBOC, sets USD/CNY reference rate at 6.4078 versus 6.3985 previous close. Meanwhile, China’s CSI300 futures open down 0.6...
Market News
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sathish kumar, 8 December 2015, 04:18
As reported by Shanghai Securities News via MNI, Shen Lan, an economist covering China for Standard Chartered noted that China's reserve requirement ratio (RRR) is expected to be cut by 0...
Market News
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sathish kumar, 8 December 2015, 04:12 #China
The USD has tended to rally against major currencies heading into the start of a Fed tightening cycle, but weaken following the first rate hike. However, the pattern is a lot more varied against Asian currencies...
Market News
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sathish kumar, 8 December 2015, 04:07 #FOMC
At the H1 chart, the price is getting closer to the 4/8 level. If the pair rebounds from this level, the ascending correction may continue. However, the door swings both ways: if the price breaks the 4/8 level and stays below it, the market may continue falling...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 04:06
EUR USD, “Euro vs US Dollar” Eurodollar has faced resistance from the 2/8 level and started a descending correction. If later the price is supported by the 0/8 level and rebounds from it, the market may resume its ascending movement...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 04:02