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GBP/USD Gaps Higher on Positive Carney Comments

August 18, 2014
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GBP/USD Gaps Higher on Positive Carney Comments

The GBP/USD gapped higher on Monday after Bank of England Governor Mark Carney said an expectation of a recovery in wages may prompt BOE policymakers to increase interest rates. Carney’s comments over the week-end in a Times interview essentially said the central bank wouldn’t have to wait until real wages started growing substantially before implementing a rate hike. The exact quote traders reacted to was policymakers “don’t have to wait for the fact” to increase the historically low benchmark rate of 0.5 percent. The EUR/USD was under pressure after a report showed confidence among U.S. homebuilders reached the highest level in seven months. The strong homebuilders’ confidence number suggests that the housing market is recovering nicely, bolstering the case...

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Technical Update – US Indices

August 18, 2014
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Following a drop to the lower levels tested in the previous week, the US stock indices (Dow Jones and SP 500) continued with the recovery to register minor gain, making it three days in past four trading sessions. Also on Thursday, the futures are indicating slightly higher open for both the indices. Meanwhile, here is a technical update for both the indices – Dow Jones and SP 500. Dow Jones Last week, the index recovered from an ascending...

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EUR/USD Mid-Session Technical Analysis for August 18, 2014

August 18, 2014
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EUR/USD Mid-Session Technical Analysis for August 18, 2014

Daily EUR/USD Technical Analysis Daily EUR/USD The EUR/USD is under pressure at the mid-session. Once again the breakout rally over a pair of downtrending angles and a short-term retracement zone failed to materialize. These levels are resistance today at 1.3370, 1.3380 and 1.3382. The market will have to recover these levels to give it an upside bias later in the session. Another sign of weakness was the failure of support at 1.3362. Another break under the uptrending angle at...

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EURUSD Weekly Technical Outlook: Bottoming Or Set To Dive?

August 16, 2014
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EURUSD Weekly Technical Outlook: Bottoming Or Set To Dive?

FX Traders’ weekly short and medium term technical EURUSD picture   The following is a partial summary of the conclusions from the fxempire.com weekly analysts’ meeting in which we cover outlooks for the major pairs for the coming week and beyond.     Overall Risk Appetite Per Weekly Charts Of Leading...

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EURUSD Coming Week Fundamental Outlook: One Key Question To Answer

August 16, 2014
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EURUSD Coming Week Fundamental Outlook: One Key Question To Answer

FX Traders’ weekly EURUSD fundamental picture, this week’s market drivers that could change it- the bullish, the bearish and likely EURUSD direction.   As we noted in our weekly technical analysis for the pair, a bounce or only minor decline was likely in the near term. However changes in...

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EURUSD Coming Week Outlook: Bottoming Or New Ukraine Pain A Game Changer?

August 16, 2014
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EURUSD Coming Week Outlook: Bottoming Or New Ukraine Pain A Game Changer?

FX Traders’ weekly EURUSD fundamental technical picture, this week’s market drivers that could change it- the bullish, the bearish and likely EURUSD direction.   The following is a partial summary of the conclusions from the fxempire.com weekly analysts’ meeting in which we cover outlooks for the major pairs for the coming...

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GBP/USD Declines to Low Not Seen Since Mid-April

August 14, 2014
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GBP/USD Declines to Low Not Seen Since Mid-April

The GBP/USD broke to its lowest level since mid-April as traders continued to react to signs that Bank of England policymakers were likely to push its first interest rate hike since 2007 well into 2015. The Sterling fell again on Thursday after Monetary Policy Committee member David Miles said...

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EUR/USD Mid-Session Technical Analysis for August 14, 2014

August 14, 2014
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EUR/USD Mid-Session Technical Analysis for August 14, 2014

Daily EUR/USD Technical Analysis Daily EUR/USD The EUR/USD is trading higher at the mid-session, but still inside a small range bounded by 1.3332 to 1.3432. The retracement zone of this range at 1.3382 to 1.3370 is controlling the short-term direction of the market. Trader reaction to this zone will...

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KCG Releases July 2014 Metrics, FFAJ Publishes Monthly Report for July

August 14, 2014
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Securities firm KCG Holdings, Inc announced its trade metrics for July 2013, which showed that it weathered an industry-wide downturn. Its market making volumes averaged $24.4 billion in July, with 5.7 billion shares transacted and 3.3 million trades conducted daily on U.S. stocks, up from average daily volumes of...

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German ZEW Data Drives EUR/USD Toward Nine-Month Low

August 12, 2014
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German ZEW Data Drives EUR/USD Toward Nine-Month Low

The EUR/USD broke to nearly a nine-month low on Tuesday, coming close to taking out last week’s low at 1.3332. Driving the selling pressure today was a weaker-than-expected gauge of German investor sentiment. Today, the ZEW reported that its monthly survey of German investors fell to 8.6 in August...

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EUR/USD Mid-Session Technical Analysis for August 12, 2014

August 12, 2014
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EUR/USD Mid-Session Technical Analysis for August 12, 2014

Daily EUR/USD Technical Analysis Daily EUR/USD The EUR/USD plunged on Tuesday after the short-term retracement zone at 1.3382 to 1.3370 failed as support. If 1.3332 holds as support then buyers will have to regain the retracement zone in order to put the market in a strong position once again....

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One Financial Markets Partners with Tradable to Introduce the Platform

August 12, 2014
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Forex broker One Financial Markets, which is regulated by the Financial Conduct Authority, has entered into a deal with Tradable to introduce a trading platform for its clients. One Financial Markets, which focuses mostly on the Middle East markets, seeks to establish and differentiate itself in South American, European...

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The state of the Individual Investor

August 10, 2014
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Smaller investors have come across as so confident that even at times they appear arrogant.  This is of course off putting to anyone who specializes in risk controlled strategies because when smaller investors are overly confident that means they don’t care about risk control at all. Recently, however, I...

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The Coming Week’s Top Market Movers, Lessons: A Normal Bull Market Correction?

August 10, 2014
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The Coming Week’s Top Market Movers, Lessons: A Normal Bull Market Correction?

How bullish and bearish forces align for stocks, indexes, forex and other global markets, both technical and fundamental outlooks, likely top market movers. Summary –Technical Outlook: Regional divergences and their implications –Fundamental Outlook 1: The state of the key market underpinnings and other lessons – Fundamental Outlook 2: Likely...

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AUD/USD Forex Technical Analysis – August 10, 2014 Forecast

August 10, 2014
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AUD/USD Forex Technical Analysis – August 10, 2014 Forecast

The AUD/USD weakened to a two-month low on Friday after the Reserve Bank of Australia released its economic outlook. Although the RBA’s main concern is about the high dollar, traders decided to focus on rising geopolitical tensions that drove global investors from high-yielding assets and into safe haven currencies....

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GBP/USD Fundamental Analysis August 11, 2014 Forecast

August 8, 2014
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GBP/USD Fundamental Analysis August 11, 2014 Forecast

Analysis and Recommendations: The GBP/USD eased by 23 points to trade at 1.6809 and looks to break into the 1.67 range but the US dollar continued to weaken as traders worry about the US entering the war in Iraq after President Obama approved air strikes against ISIS. The pound...

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Gold Underpinned by Geopolitical Events

August 8, 2014
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Gold Underpinned by Geopolitical Events

December Comex Gold futures surged on Friday in reaction to yesterday’s news that U.S. President Obama has authorized targeted airstrikes if necessary to protect American interests in Iraq. The market is also being underpinned by Russian military activity near the Ukraine border. This event triggered the markets initial surge...

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EUR/USD Mid-Session Technical Analysis for August 8, 2014

August 8, 2014
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EUR/USD Mid-Session Technical Analysis for August 8, 2014

Daily EUR/USD Technical Analysis Daily EUR/USD The EUR/USD is trading higher at the mid-session. Profit-taking and short-covering it driving the market higher. Key daily chart support is at 1.3412 and 1.3372. On the upside, a pair of downtrending angles are potential targets at 1.3420 and 1.3430. The short-term range...

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E-mini Russell 2000 Index (TF) Futures Technical Analysis – August 6, 2014 Forecast

August 6, 2014
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E-mini Russell 2000 Index (TF) Futures Technical Analysis – August 6, 2014 Forecast

Yesterday’s early strength in the September E-mini Russell 2000 Index futures market helped form a new main bottom at 1103.10. Despite the new bottom, the index remains the weakest of the three majors. The new short-term range is 1149.20 to 1103.10. The pivot price created by this range is...

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Gold Surges as Tension in Ukraine Escalates

August 6, 2014
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Gold Surges as Tension in Ukraine Escalates

December Comex Gold futures surged on Wednesday. Yesterday, the catalyst providing support was the sell-off in the U.S. equity markets, today it was escalating tension between Ukraine and Russia. Whatever the reasons, it looks as if investors are buying gold as a safe haven investment. The news event that...

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