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GBP/USD is currently trading at 1.5375 with a high of 1.5446 and a low of 1.5361. GBP/USD has started to fail in its minor attempts of recoveries over the last number of days since the end of October's business since it failed just ahead of 1.5500...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 18:08
USD/CAD accelerated to the upside and reached the strongest level since last Friday at 1.3175, after breaking above yesterday’s highs. The pair started to move with an upside bias during the European session...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 18:07
Analysts at Brown Brothers Harriman explained that while EM FX has gotten some traction recently, we believe that the medium-term bear market remains intact...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 18:07
Valeria Bednarik>, chief analyst at FXStreet noted a positive back drop in the ADP report ahead of Nonfarm Payrolls and gives a forecasting analyses of EUR/USD...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 17:25
The dollar strengthened against most competitors and dragged EUR/USD to fresh 3-month lows following a series of supportive US economic data and latest comments from Fed Chair Janet Yellen...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 17:14
Fed Chair Janet Yellen said the US economy is performing well although she acknowledged some slowdown in employment. Regarding monetary policy, Yellen said FOMC thought it could be appropriate to move in December but that no decision was made...
Market News
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Khurram Mustafa, 4 November 2015, 17:03
USD/JPY has remained firm as global equities continue to advance and moves through October highs of 121.47 with bulls eager for a break-out to test the 100 DMA at 121.76 and the golden ratio 61.8% level of the August highs of 125.27...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 17:02

WTI

Crude oil prices are trading in the negative ground on Wednesday, currently hovering over the $47.00 area per barrel. WTI weaker on supply concerns Prices for the West Texas Intermediate are surrendering part of yesterday’s strong gains, testing the key support at $47...
Crude Oil
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Khurram Mustafa, 4 November 2015, 17:00
EUR/USD came under renewed pressure and broke to fresh lows over the last minutes, with no clear catalyst for the move other than USD buying interest...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 16:44
Strategists at Rabobank see the Bank of England hiking rates during the early months of 2017. Key Quotes “The money market is not fully priced for a BoE rate hike until early 2017”...
Forecasts
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Khurram Mustafa, 4 November 2015, 16:35
While i am expecting a substantial upward retracement in gold price, before going down, I am expecting a free fall in eurusd prices as mentioned in my previous posts. https://www.mql5.com/en/blogs/post/653109...
Analytics & Forecasts
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forexintel, 4 November 2015, 16:34 #forex, EUR/USD
Analysts at RBS noted the key highlights in data events from the Asian shift as a recap. Key Quotes: "Chinese Caixin services PMI grew to 52 in October from 50.5 in September. While composite PMI grew to 49.9 in October from 48 in September." "Australian Retail Sales fell 0...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 16:30
Gold prices hit fresh session lows, but quickly recovered pointing to relative resilience in the hard currency despite the strong US ISM non-manufacturing data...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 16:28
The greenback, gauged by the US Dollar Index, is trading on a firmer footing today, advancing to the vicinity of the 98.00 handle...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 16:26
I was expecting a retracement to 1170 before the gold price went down, hence entered a BUY order last Friday with a stop loss near that day's low. https://www.mql5.com/en/blogs/post/653220...
Analytics & Forecasts
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forexintel, 4 November 2015, 16:24 #xauusd, forex, gold

BOE

James Knightley, analyst at ING noted the forthcoming BoE and inflation report and has forecasted lift off from the BoE in Q2 2016 with risks of Q1 also...
Banks
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Khurram Mustafa, 4 November 2015, 16:21
AUD/USD made another attempt to consolidate above the 0.7200 level but was rejected from the 21-day SMA and fell all the way back to 0.7150, giving up most of its post RBA gains. The RBA refrain from cutting rates on Tuesday, giving the Aussie a boost across the board...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 16:18
The Institute of Supply Management’s (ISM) non-manufacturing/services PMI index jumped to 59.1 in October from September’s 56.9. The actual print beats the estimated drop to 56.5 by a wide margin. The ISM’s measure of services employment advanced to 59.2, the second-highest since August 2005...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 16:13
The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector...
Analytics & Forecasts
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Khurram Mustafa, 4 November 2015, 16:00
Gold prices weakened to near Tuesday’s low after the data in the US showed the private sector jobs growth slowed less than expected in October. Off lows, but weak The metal hit a low of USD 114.70, before trimming losses to trade around USD 1116.50/Oz levels...
Metals
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Khurram Mustafa, 4 November 2015, 15:57