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USD/CAD Forecast February 26, 2015, Technical Analysis

February 26, 2015
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USD/CAD Forecast February 26, 2015, Technical Analysis

The USD/CAD pair initially fell during the course of the session on Wednesday, but found enough support at the 1.24 level to bounce and form a hammer. With that, the market looks like it’s ready to continue going higher for the short-term, but we recognize that this market could possibly be forming a descending triangle. With that, this is a short-term buying opportunity at best, and a break below the bottom of the triangle could send this market to the 1.20 level. Down there is the floor, so quite frankly we are looking for supportive candles below if we do break down. We have no interest in selling.   Article source: http://www.fxempire.com/technical/technical-analysis-reports/usdcad-forecast-february-26-2015-technical-analysis/

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USD/JPY Forecast February 26, 2015, Technical Analysis

February 26, 2015
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USD/JPY Forecast February 26, 2015, Technical Analysis

The USD/JPY pair tried to break out to the upside during the session on Wednesday, but fell far enough to form a little bit of a shooting star. Ultimately though, the market looks like it’s ready to grind sideways and therefore we are on the sidelines. All things point to a higher value in this pair, but ultimately the 120 level is a significant barrier. Pulling back should offer value, but at this point time we are not pressed...

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Comex High Grade Copper Futures (HG) Technical Analysis – February 26, 2015 Forecast

February 26, 2015
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Comex High Grade Copper Futures (HG) Technical Analysis – February 26, 2015 Forecast

May Comex High Grade Copper futures eked out a small gain on Wednesday, but the market failed to follow-through to the upside, following Tuesday’s strong surge. The current price action suggests that bullish buyers may be returning to the market, given the pair of higher bottoms at 2.5610 and 2.5266. Although the fundamental supply and demand situation may still be bearish, the current rally looks as if it is being driven by technical factors. These include oversold conditions and...

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USD/CAD Fundamental Analysis, February 24, 2015 – Forecast

February 24, 2015
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USD/CAD Fundamental Analysis, February 24, 2015 – Forecast

Analysis and Recommendations: The USD/CAD soared 90 points to trade at 1.2619 as the US dollar gained momentum and oil and gold prices tanked. After the US existing home sales data scheduled for the day, but the focus is on Fed chair Janet Yellen’s Congress testimony on Wednesday as...

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Crude Oil Plunges on Production Concerns

February 24, 2015
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Crude Oil Plunges on Production Concerns

April Crude Oil futures are down almost 3% on Monday. The catalyst behind the selling pressure is renewed concern about production. Refinery demand is down and the latest report shows that the pace of rig shutdowns is tapering. This is worrying traders because it means it will take longer...

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AUD/USD Forex Technical Analysis – February 24, 2015 Forecast

February 24, 2015
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AUD/USD Forex Technical Analysis – February 24, 2015 Forecast

The AUD/USD continued to churn sideways on Monday. The lack of fresh economic news contributed to this movement, but the biggest influence was likely the absence of Chinese traders who are still out of the markets because of the Chinese Lunar New Year. Volatility and volume should pick up...

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Natural Gas Weekly Fundamental Analysis, February 23-27, 2015 – Forecast

February 22, 2015
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Natural Gas Weekly Fundamental Analysis, February 23-27, 2015 – Forecast

Natural Gas Weekly Fundamental Analysis, February 23-27, 2015 – Forecast Weekly Analysis and Recommendation: Natural Gas closed out the week at 2.9440 adding 110 points as the weather finally turned to winter cold. Storms across the US brought freezing temperatures increasing residential demand.  But while natural gas is again...

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Gold Weekly Fundamental Analysis, February 23-27, 2015 – Forecast

February 22, 2015
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Gold Weekly Fundamental Analysis, February 23-27, 2015 – Forecast

Gold Weekly Fundamental Analysis, February 23-27, 2015 – Forecast Weekly Analysis and Recommendations: Gold eased over $5 on Friday and was down over $20 on the week to end at 1201.90 as Greece and the Eurozone reached agreements, fighting in the Ukraine eased as the cease fire went into...

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Metals Pack Weekly Fundamental Analysis, February 23-27, 2015 – Forecast – Silver & Copper

February 22, 2015
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Metals Pack Weekly Fundamental Analysis, February 23-27, 2015 – Forecast – Silver & Copper

Weekly Analysis and Recommendations: Silver is trading at 16.203 well below its average trading range falling 178 points on Friday easing for most of the week as Copper dipped 18 points to reach 2.602 above its monthly trading average.  Copper prices fell on Friday, under pressure from a drop...

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AUD/USD Forex Technical Analysis – February 20, 2015 Forecast

February 20, 2015
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AUD/USD Forex Technical Analysis – February 20, 2015 Forecast

The AUD/USD finished lower on Thursday. The friendly news from the Fed minutes on Wednesday was not enough to overcome the bearishness created by the tension over Greece’s bailout negotiations with Euro Zone finance ministers. Headlines triggered a relatively volatile session for the AUD/USD on Thursday. Early in the...

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Cold Blast Keeps Crude Prices Buoyed

February 20, 2015
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Cold Blast Keeps Crude Prices Buoyed

WTI crude oil prices recovered from an early day plunge, as better than expected distillate inventory data released by the Department of Energy buoyed the petroleum market.  The colder than expected weather that continues to blanket the eastern portion of the United States, has pushed heating oil inventories down...

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E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – February 20, 2015 Forecast

February 20, 2015
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E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – February 20, 2015 Forecast

March E-mini NASDAQ-100 Index futures finished higher on Thursday as other key indices finished mixed. This indicates that investors have shifted into technology stocks. The overall tone of the market was mixed yesterday as investors played a waiting game with Greece and Euro Zone finance ministers. Investors are waiting...

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USD/CAD Fundamental Analysis February 18, 2015 – Forecast

February 18, 2015
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USD/CAD Fundamental Analysis February 18, 2015 – Forecast

Analysis and Recommendations: The USD/CAD tumbled 83 points as the CAD gathered momentum on the higher price of oil and the decline in the US dollar. Both markets were closed yesterday for domestic holidays and saw light volumes. Any hike by the Fed, which has kept rates near zero...

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Uncertainty About Greece, Ukraine Triggers Crude Oil Sell-off

February 18, 2015
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Uncertainty About Greece, Ukraine Triggers Crude Oil Sell-off

Commodity and Forex markets faced volatility on Tuesday when European creditors issued Greece with an ultimatum, saying the country must accept a key condition in bailout talks by the end of the week or face having to meet its debt commitments on its own. This could eventually lead to...

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Cable Appears to be Forming a Bottom

February 18, 2015
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Cable Appears to be Forming a Bottom

Cable appears to be forming a bottom despite the recent strength in the greenback, as stronger than expected inflation data, has generated a hawkish tone for UK interest rates.  Bank of England rhetoric continues to see monetary policy member Weale tell market participants that rates will like move higher...

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GBP/USD Weekly Fundamental Analysis February 16-20, 2015 -Forecast

February 16, 2015
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GBP/USD Weekly Fundamental Analysis February 16-20, 2015 -Forecast

GBP/USD Weekly Fundamental Analysis February 16-20, 2015 -Forecast Weekly Analysis and Recommendation:   The GBP/USD closed out the week at 1.5395 near its highest price in months after a speech by Bank of England Carney where he indicated the drop in inflation is expected and is due primarily to oil...

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USD/CAD Weekly Fundamental Analysis February 16-20, 2015 -Forecast

February 16, 2015
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USD/CAD Weekly Fundamental Analysis February 16-20, 2015 -Forecast

USD/CAD Weekly Fundamental Analysis February 16-20, 2015 -Forecast Weekly Analysis and Recommendation:   The USD/CAD dipped at the end of the week at trade at 1.2447 as the US dollar fell on lackluster data.  A weaker currency appears to be filtering through to the country’s factories, although modestly at this...

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Market Makers vs Agency Model Brokers

February 16, 2015
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A lot has been said about these types of brokerage business, but we are here to show you a wise, yet unpopular opinion. Last years Market Makers have been blamed for all the evil in the forex market, as these brokers are actually expecting a trader to lose the...

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E-mini Dow Jones Industrial Average (YM) Futures Analysis – February 13, 2015 Forecast

February 14, 2015
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E-mini Dow Jones Industrial Average (YM) Futures Analysis – February 13, 2015 Forecast

March E-mini Dow Jones Industrial Average futures are called better based on the pre-market trade. The market appears to be building enough upside momentum to challenge the contract high at 18051. This is today’s primary upside target. Daily March E-mini Dow Jones Industrial Average Depending on the strength of...

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E-mini Russell 2000 Index (TF) Futures Technical Analysis – February 13, 2015 Forecast

February 14, 2015
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E-mini Russell 2000 Index (TF) Futures Technical Analysis – February 13, 2015 Forecast

March E-mini Russell 2000 Index futures are called better. Based on the pre-market session, it looks as if there is enough upside momentum for the index to challenge the December 29 top at 1220.20. There is no resistance since we are at an all-time high so if this area...

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