COMMODITIES Gold (1297.29) bounced from support near 1285 as expected and may remain ranged within 1285-1309. But a fall below 1285 could push it to 1274-1260.8 levels. Gold-Silver ratio (65.427) has started to retrace the recent rise and may target 64-63.82 in the near term. Silver (19.779) is testing crucial support near 19.66 and may […]

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Main scenario of currency pair movement The pair continues its descending movement, as it seen yesterday's forecast has proved to be right, the price has reached the 1,3737 support level and continues its side movement, Tenkan and Kijun lines on the Н4 chart are bound above the price, the price is moving below the descending […]

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  The Aussie barely waited long enough for the analysis to be posted before breaking up though 0.917 and hitting the 0.920 target – then kept on going… Chart shows the CitiGroup client positioning of G10 currencies and how money has been flowing into the Aussie and the Greenback, but even a cursory glance at […]

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Main scenario of currency pair movement The pair continues its movement in the descending trend, Tenkan and Kijun lines are bound above the price,the price is moving below the descending cloud, yesterday the pair was testing the 1,6518 resistance level, however id did not manage to get fixed above the current level. The further movement […]

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Sharp losses seen in AUD/USD this morning, with a majority of the dip attributable to the China HSBC/Markit Manufacturing PMI miss. Prices have since recovered from 0.905 to above 0.907, but bearish pressure remains in play as prices is now trading below the rising Channel, suggesting that bullish momentum has been broken. It should also […]

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GBP/USD was more dynamic than other European pairs starting the day at 1.6502, reaching 1.6519 high, and retracing below 1.65 round level at the moment. GBP/USD looks stronger than EUR/USD Although the pair lost about 50 pips during yesterday’s sell-off, it still shows more stability than European colleague. It reached the 6-week low at 1.6479, […]

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The Federal Reserve is set to trim its bond-buying stimulus for a third time in a row on Wednesday, and will probably rewrite its guidance on when it might eventually raise interest rates. The moves would represent both continuity at the U.S. central bank as Janet Yellen chairs her first policy-setting meeting and a nod […]

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GBP/USD rebounded from 1-month lows reached yesterday at 1.6544 reaching 1.6602 session high by the moment. GBP/USD will be too busy and important The attempts of cable to break above 1.6600 failed as the pair met sellers’ interest. GBP lost about 15 pips, and now in consolidation waiting for European catalysts. Today is the busiest […]

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GBP/USD spent the morning in very narrow 14-pip range trading around 1.6638 at the moment. GBP/USD may get some fuel from Carney The pair is trading close to 1.6650 resistance area, but yesterday’s attempts to break above it failed, and it retraced to 1.6630 zone. This week is going to be quite intensive in terms […]

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NZDUSD aims higher gain after bull break, for .8675 cycle peak A cautious tone on Friday, digesting both the bullish outside Wednesday pattern from support now at .8450/40 and a robust Thursday follow-through to maintain our near term bullish view. This reinforces the bull move above the Q4 2013 peak, .8545, further topping targets from […]

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