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Technical Analysis #C-COPPER : 21/04/2017 by IFC Markets   Increasing output is bearish for copper prices Copper supply is increasing as two major mine disruptions ended, while China’s construction growth slows. Will copper prices continue declining? The end of copper production disruption in two major mines has increased the global copper supply, pressuring prices. A 43 day strike at Escondida mine in Chile has ended, and a temporary compromise on export shipments should allow the Grasberg mine in Indonesia to restore output to normal rates. Another negative impact for copper prices were data published by National Bureau of Statistics of…
Traders turn cautious ahead of French weekend elections Daily Forex Market Preview, 21/04/2017   With the French elections just around the corner, investors turned attention to the high risk event yesterday amid a lack of any other cues from the markets. The euro currency managed to post some impressive gains only to give back most of those gains by the day's close. Data from the U.S. saw the Philly Fed manufacturing index slipping to 22.00 form 32.8 previously, but investors were tuned to the comments from the U.S. Treasury Secretary, Steve Mnuchin who said that tax reforms would be announced…
Technical Analysis – NZDUSD neutral with resistance at 50-day moving average Posted on April 20, 2017 at 8:27 am GMT by the XM Investment Research Desk   NZDUSD reversed higher after moving out of the falling channel that it was in from March 21 until April 12. The market made a recovery back above the key 0.7000 level. This level is now acting as support. Meanwhile, there is resistance at the 50-day moving average around 0.7040 which has been preventing a daily close above it in the past three days. The failure of the RSI to continue its rise after…
EURAUD Technical Analysis 20/04/2017 by PaxForex   EURAUD - bullish model: pair, ready to continue growing Outlook: the Upward trend with the prospect of profits more than 90 points   Source: www.paxforex.com    
Analyst Signal EUR/AUD 20.4.2017 by CIBFX   EUR/AUD20.4.2017Sell intraday opportunity On the 4 hours chart a triple top pattern was created around a resistance level of 1.4300.The RSI indicate about a bearish divergence. What next? On the one hour chart we marked a diagonal support line, if the pair will closed below it, it would be a sign to sell. If the pair will go above the resistance area before there was an opportunity to sell, the signal will be cancelled.   Stop loss - a bit above 1.4300 Target 1 – 1.4175 Target 2 – 1.4140 Target 3 –…
Technical Analysis #C-COFFEE : 20/04/2017 by IFC Markets   Return of El Nino is bullish for coffee prices Rising temperatures point to possibility of El Nino return, which may negatively affect coffee crops. Will coffee prices continue rising? World coffee production is expected to recover this season unless ocean temperatures again rise later this year, enabling the return of El Nino. A return of El Nino will raise the possibility of coffee shortages again, though currently there is an oversupply as producers have plentiful stocks despite lower crop last year. Concerns El Nino may return as rising ocean temperatures point…
GBPUSD Technical Analysis 20.04.2017 by Grand Capital The pair is traded around the 1.2800 level amid the investors' positive attitude towards the decision of the British Government to hold an early general election. The pair still has a potential to rise, but it seems like it will be limited. The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides in the overbought zone and gradually falling. Stoch are leaving the oversold zone.   Trading recommendations:Our prognosis mainly remains unchanged. If the pair falls lower than 1.2800 level, there is a possibility of it falling…
Thursday, 20 April 2017 07:44

Kiwi flies as inflation highest in more than 5-years

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Kiwi flies as inflation highest in more than 5-years Daily Forex Market Preview, 20/04/2017   In a surprise beat on the estimates, New Zealand's first quarter inflation rate nudged higher, rising 1.0% in the quarter, sending the inflation rate to 2.2%. It was the highest in more than 5-years as inflation edged back into the RBNZ's target range. The NZDUSD posted strong gains, rising 0.43% at the time of writing, trading near intraday highs of 0.7033. Elsewhere, the British pound managed to hold on its gains from earlier in the week. The UK parliament approved Mrs. May's calls for early…
GBPUSD Technical Analysis 19.04.2017 by Grand Capital The pair showed a steep rise, following the unexpected announcement made by Theresa May (British prime minister), who said that she wants to hold the general election on the 8th of June. It provided support to the Pound, as it has been assumed that the Brexit will now be softer, thanks to the May's desire to increase her influence. The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides in the overbought zone and gradually falling. Stoch are also in the zone and turning downwards.    …
GBPCAD Technical Analysis 19/04/2017 by PaxForex GBPCAD - bullish model: pair, ready to continue growing Outlook: the Upward trend with the prospect of profits more than 220 points   Source: www.paxforex.com  
Technical Analysis – Gold bullish bias; price close to multi-month high recorded two days ago Posted on April 19, 2017 at 7:02 am GMT by the XM Investment Research Desk   Gold has edged lower from the day’s open, falling to a point where it more or less offsets yesterday’s rise in price. The precious metal posted a more than five-month high two days ago (Monday). The alignment that has been in place since March 27 when the Tenkan-sen line (red) crossed above the Kijun-sen (blue) hints to a bullish short-term sentiment. Additionally, notice that the Tenkan-sen is positively sloped,…
Wednesday, 19 April 2017 08:12

“Pot Calling The Kettle Black”, is Trump the pot?

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Weekly Market Research  19 April 2017   “Pot Calling The Kettle Black”, is Trump the pot? Trump said the dollar is too strong and he likes interest rate to be low. USD/JPY broke below 109 and display signs of heading towards 107. After months of labelling other nations of weakening their currencies against the dollar and gaining advantage over exports, it seems like Trump could be the most skilful currency manipulator by talking down the dollar. In order to facilitate discussions with China, Trump has confirmed the Treasury will not label China as a currency manipulator in their report. USD/JPY…
Forecast For The Day 19/04/2017 by PCM Brokers   SymbolsFirst Good SellSecond Good SellThird Good SellTrend ChangeThird Good BuySecond Good BuyFirst Good Buy EURUSD 1.08625 1.07987 1.07639 1.07001 1.06653 1.06015 1.05667 GBPUSD 1.3383 1.31442 1.29917 1.27529 1.26004 1.23616 1.22091 USDJPY 109.871 109.542 108.970 108.641 108.069 107.740 107.168 USDCAD 1.35028 1.34509 1.34153 1.33634 1.33278 1.32759 1.32403 AUDUSD 0.76542 0.76247 0.75919 0.75624 0.75296 0.75001 0.74673 USDCHF 1.01121 1.00795 1.00194 0.99868 0.99267 0.98941 0.9834 NZDUSD 0.70994 0.70708 0.70558 0.70272 0.70122 0.69836 0.69686 GOLD 1307.74 1300.01 1294.33 1286.60 1280.92 1273.19 1267.51 SILVER 18.788 18.606 18.428 18.246 18.068 17.886 17.708 OIL 53.87 53.56 53.11 52.80…
British pound rallies as PM May calls for snap elections Daily Forex Market Preview, 19/04/2017   In a rather uneventful day, the surprise announcement by the British Prime Minister Theresa May calling for snap elections in June took the markets by surprise. After initially sliding by 93 pips, the British pound pared losses to close the day 2.2% higher against the U.S. dollar. The rally in the British pound came about as the markets now expect to see a smoother transition with the EU - UK Brexit talks, although it is still speculative for now. Various opinion polls suggest that…
Wave analysis and forecast for 14.04.2017 – 21.04.2017 by Lite Forex EUR/USD   Wave analysis and forecast for 14.04 – 21.04: Downtrend continues. Locally, the pair is undergoing correction. Estimated pivot point is at the level of 1.0565. Analysis: Presumably, the formation of the fifth wave 5 of the senior level continues. It seems that the first wave i of 5 in the shape of a zigzag has been formed, which indicates that a diagonal triangle as the fifth wave may be formed. Locally, the upward correction ii of 5 is being developed. If this assumption is correct, upward correction…

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