Currencies

  • US Dollar ($) ⇨ Japanese Yen (¥) (USDJPY) Trading

    US Dollar ($) ⇨ Japanese Yen (¥) (USDJPY) Trading

    US Dollar ($) ⇨ Japanese Yen (¥) (USDJPY) Trading US Dollar ($) ⇨ Japanese Yen (¥) (USDJPY) closed down -0.140 at 117.830. Volume was 100% below average (consolidating) and Bollinger Bands were 66% wider than normal. Open High Low Close Volume___ 117.980 117.980 117.640 117.830 0 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long ...
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  • HEFFX Data: Euro (€) ⇨ US Dollar ($) (EURUSD)

    HEFFX Data: Euro (€) ⇨ US Dollar ($) (EURUSD)

    HEFFX Data: Euro (€) ⇨ US Dollar ($) (EURUSD) Euro (€) ⇨ US Dollar ($) (EURUSD) closed down -0.001 at 1.247. Volume was 100% below average (consolidating) and Bollinger Bands were 40% narrower than normal. Open High Low Close Volume___ 1.247 1.248 1.247 1.247 0 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: ...
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  • US Dollar Holds Session Lows, US Treasuries On Highs

    US Dollar Holds Session Lows, US Treasuries On Highs

    US Dollar Holds Session Lows, US Treasuries On High The US Dollar (.DXY) Index holds session lows near 87.85 sellers in control for a 2nd session, weakness has many participants turning their attention to support at 87.50. EUR/USD is +35 pips at 1.2475 action continues its rise off of support at 1.2400. Euro pressed to its worst levels ...
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  • Banks Suspected of Manipulating FX Rates

    Banks Suspected of Manipulating FX Rates

    Banks Suspected of Manipulating FX Rates The Justice Department is undertaking a broad probe into whether banks have been colluding to move currency rates and boost their profits in trading, violating fraud or antitrust laws. Prosecutors are also looking at whether traders misled clients. Authorities are expected to charge individuals and banks, though institutions are ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    Crude Oil (NYMEX) (F5) Intraday: under pressure. Pivot: 77 Our preference: Short positions below 77 with targets @ 75.45 & 74.8 in extension. Alternative scenario: Above 77 look for further upside with 77.85 & 78.7 as targets. Comment: As long as the resistance at 77 is not surpassed, the risk of the break below 75.45 ...
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  • Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP Euro EUR closed higher Monday. The high range close set the stage for a steady to higher opening when Tuesday's US market opens for trade. Stochastics and the RSI are Neutral to Bearish signalling that sideways to lower prices are possible near term. If the single currency renews this ...
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  • China 'Currency War' Bad For Asia

    China ‘Currency War’ Bad For Asia

    China 'Currency War' Bad For Asia Often China has acted to depress its currency and spark exports in recent years, and one savvy watcher says it soon may do it again. Europe's economic weakness is a problem. China depends on Europe to absorb about 16% of its exports, and China’s exports there rose almost 12%  in ...
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  • US Dollar Declines In Quiet Trade

    US Dollar Declines In Quiet Trade

    US Dollar Declines In Quiet Trade 10-Yr: +03/32..2.303%.. USD/JPY: 118.27.. EUR/USD:1.2436 The US Dollar (.DXY) Index holding small losses as action probes the 88.15 mark.  .DXY spent the entire US session in a 20 cent range as trade holds below the flat line. EUR/USD is +50 pips at 1.2440 as action pressed session highs. Euro has ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF Crude Oil (NYMEX) (F5) Intraday: intraday support around 75.6. Pivot: 75.6Our preference: Long positions above 75.6 with targets @ 76.95 & 77.95 in extension.Alternative scenario: Below 75.6 look for further downside with 75.1 & 74.8 as targets.Comment: Even though a continuation of the consolidation ...
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  • Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP Euro EUR closed lower Friday. The low range close set the stage for a steady to lower opening when Monday's US session opens for trade. Stochastics and the RSI are turning Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency renews ...
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  • The Currency War is On

    The Currency War is On

    The Currency War is On With many economies outside the United States struggling, the European Central Bank (ECB), the Bank of Japan (BOJ) and the People's Bank of China (PBOC) have opened their respective liquidity faucets. The result is, a currency war. Central bankers struggling against weak growth and falling inflation have come up with a cunning plan: ...
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  • The China Rate Cut

    The China Rate Cut

    China cut interest rates unexpectedly on Friday stepping up efforts to support the world's second-biggest economy as it heads toward its slowest expansion in nearly a quarter of a century. The cut the first in over two years came as factory growth has stalled and the property market long a pillar of growth has remained ...
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  • USDPHP Philippines Economic Update

    USDPHP Philippines Economic Update

    Philippines Economic Update Businesses expect to make more money and hire more people in the current quarter of the year as the government speeds up the rollout of infrastructure projects, bolstering private sector confidence along the way. The central bank’s quarterly Business Expectations Survey (BES) showed that the confidence of most Philippine companies improved the ...
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  • Indonesia: US Fed Impact on USDIDR

    Indonesia: US Fed Impact on USDIDR

    Indonesia: US Fed Impact on USDIDR The growing portion of dollar-denominated corporate debt and foreign-owned government bonds will remain Indonesia’s biggest challenges for economic stability next year, amid the impending hike in the US Federal Reserve’s policy rate, Bank Indonesia Governor Agus Martowardojo said on Thursday. “A higher Fed rate in the United States, however ...
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  • US Tresauries Up, US Dollar Up

    US Tresauries Up, US Dollar Up

    US Tresauries Up, US Dollar Up 10-Yr: +05/32..2.319%.. USD/JPY: 117.70.. EUR/USD:1.2380 Afternoon Update US Treasury Complex 2Y Unch at 99 23/32 3Y +01/32 at 99 24/32 5Y +02/32 at 99 14/32 7Y +04/32 at 99 25/32 10Y +05/32 at 99 10/32 30Y +17/32 at 99 13/32   US Dollar (.DXY) Index EUR/USD -155 pips at ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF Crude Oil (NYMEX) (F5) Intraday: further upside. Pivot: 75.4Our preference: Long positions above 75.4 with targets @ 77.1 & 77.95 in extension.Alternative scenario: Below 75.4 look for further downside with 74.8 & 74 as targets.Comment: The RSI is mixed to bullish. Opinion published is ...
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  • Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP

      Forex Technical Analysis: EUR, JPY, GBP Euro EUR closed higher Thursday. The mid-range close set the stage for a steady opening when Friday's US session opens for trade. Stochastics and the RSI are Neutral to Bullish indicating that sideways to higher prices are possible near term. Closes above the 20-Day MA crossing are needed ...
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  • US Treasuries Flat, US Dollar Flat

    US Treasuries Flat, US Dollar Flat

    US Treasuries Flat, US Dollar Flat 10-Yr: +04/32..2.344%.. USD/JPY: 118.10.. EUR/USD:1.2540 Afternoon Update US Treasury Complex 2Y Unch at 99 22/32 3Y Unch at 99 22/32 5Y +01/32 at 99 10/32 7Y +02/32 at 99 21/32 10Y +04/32 at 99 04/32 30Y +09/32 at 998 24/32   US Dollar (.DXY) Index EUR/USD +15 pips at ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    Crude Oil (NYMEX) (F5) Intraday: bullish bias above 74. Pivot: 74Our preference: Long positions above 74 with targets @ 75.4 & 75.8 in extension.Alternative scenario: Below 74 look for further downside with 73.2 & 72.4 as targets.Comment: The RSI has just broken above a declining trend line. Opinion published is an intraday view. Green Lines ...
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  • Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP

      Forex Technical Analysis: EUR, JPY, GBP Euro EUR closed higher Wednesday. The low range close sets the stage for a steady to lower opening when Thursday's US session opens for trade. Stochastics and the RSI are Neutral to Bullish indicating that sideways to higher prices are possible near term. Closes above the 20-Day MA ...
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  • US Treasuries Down, US Dollar Flat

    US Treasuries Down, US Dollar Flat

    US Treasuries Down, US Dollar Flat 10-Yr: -10/32..2.353%.. USD/JPY: 117.75.. EUR/USD: 1.2545 Afternoon Update US Treasury Complex 2Y -01/32 at 99 21/32 3Y -03/32 at 99 20/32 5Y -07/32 at 99 08/32 7Y -09/32 at 99 18/32 10Y -10/32 at 99 01/32 30Y -17/32 at 98 21/32   US Dollar (.DXY) Index EUR/USD +15 pips ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    Crude Oil (NYMEX) (F5) Intraday: under pressure. Pivot: 75.2Our preference: Short positions below 75.2 with targets @ 73.9 & 73.2 in extension.Alternative scenario: Above 75.2 look for further upside with 75.8 & 76.5 as targets.Comment: As long as the resistance at 75.2 is not surpassed, the risk of the break below 73.9 remains high. Opinion ...
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  • Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP Euro EUR closed higher Tuesday. The high range close set the stage for a steady to higher opening when Wednesday's US session opens. Stochastics and the RSI are Neutral to Bullish signalling that sideways to higher prices are possible near term. Closes above the 20-Day MA crossing are needed ...
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  • Chinese Appetite For Foreign Currency Growing

    Chinese Appetite For Foreign Currency Growing

    Chinese Appetite For Foreign Currency Growing China saw a 3rd straight month of deficit in forex (foreign exchange) transactions as the country's growing appetite for foreign currency expands, according to new data published Tuesday. Chinese banks' forex purchases registered at CNY 841.4-B (US$136.9-B), while sales stood at CNY 1.01-T in October, according to data from ...
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  • US Treasuries Flat, US Dollar Down

    US Treasuries Flat, US Dollar Down

    US Treasuries Flat, US Dollar Down 10-Yr: unch..2.333%.. USD/JPY: 116.80.. EUR/USD: 1.2530 Afternoon Update US Treasury Complex 2Y Unch at 99 23/32 3Y Unch at 99 23/32 5Y Unch at 99 12/32 7Y Unch at 99 25/32 10Y Unch at 99 08/32 30Y +05/32 at 98 31/32   US Dollar (.DXY) Index EUR/USD +80 pips ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    Crude Oil (NYMEX) (Z4) Intraday: bullish bias above 74.7. Pivot: 74.7Our preference: Long positions above 74.7 with targets @ 76.45 & 77.2 in extension.Alternative scenario: Below 74.7 look for further downside with 73.25 & 72.2 as targets.Comment: The RSI is mixed to bullish. Opinion published is an intraday view. Green Lines Represent Resistances | Red ...
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  • Shanghai-HK Stock Link Boosts RMB's Internationalization

    Shanghai-HK Stock Link Boosts RMB’s Internationalization

    Shanghai-HK Stock Link Boosts RMB's Internationalization Giving overseas investors easier access to Shanghai-listed shares is not only important for the opening-up of the Chinese Mainland, but a substantial step forward for internationalization of the RMB Yuan, aka Renminbi. From Monday, the Shanghai-Hong Kong Stock Connect means Hong Kong investors can buy shares in 568 Shanghai-listed ...
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  • US Dollar Down, US Treasuries Up

    US Dollar Down, US Treasuries Up

    US Dollar Down, US Treasuries Up 10-Yr: -06/32..2.339%.. USD/JPY: 116.50.. EUR/USD: 1.2450 Afternoon Update US Treasury Complex 2Y Unch at 99 22/32 3Y Unch at 99 23/32 5Y -02/32 at 99 12/32 7Y -05/32 at 99 22/32 10Y -06/32 at 99 04/32 30Y -13/32 at 98 20/32   US Dollar (.DXY) Index EUR/USD -70 pips ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF Crude Oil (NYMEX) (Z4) Intraday: rebound expected. Pivot: 74.5 Our preference: Long positions above 74.5 with targets @ 76.3 & 77.2 in extension. Alternative scenario: Below 74.5 look for further downside with 73.25 & 72.2 as targets. Comment: Even though a continuation of the ...
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  • Monday's Technical Analysis: EUR, JPY, GBP

    Monday’s Technical Analysis: EUR, JPY, GBP

    Monday's Technical Analysis: EUR, JPY, GBP Euro EUR closed higher Friday. The high range close set the stage for a steady to higher opening when Monday's US session opens for trade. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends this ...
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  • The US Dollar (.DXY) Index Looks Weak In Here

    The US Dollar (.DXY) Index Looks Weak In Here

    The US Dollar (.DXY) Index Looks Weak In Here Sitting at a 7-day low a break below 87.22 confirms a Double Top is in with the target at 86.10 next. ​ Friday's intra-day 4-yr high did not last very long before closing the session with a Bearish Outside Range day. The weekly charts have also produced ...
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  • AUDUSD  AUD May Rally on China Deal

    AUDUSD AUD May Rally on China Deal

    Australia is attempting to transition from a reliance on exports of minerals such as coal and iron ore to expanding its food and agricultural exports to a growing Asian middle class, moving from a "mining boom" to a "dining boom". Paul Glasson, the National vice President of the Australia China Business Council, hailed the much-improved ...
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  • US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY)

    US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY)

    US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) USDCNY closed down -0.003 at 6.126. Volume was 100% below average (consolidating) and Bollinger Bands were 39% narrower than normal. Open High Low Close Volume___ 6.129 6.130 6.124 6.126 0 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: ...
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  • EURUSD The Eurocrisis Accelerating

    EURUSD The Eurocrisis Accelerating

    The Eurocrisis Accelerating Germany's Centre for European Economic Research's (ZEW) monthly barometer of sentiment, due on Nov 18, will provide more insight into business confidence levels. The Ukraine crisis is a major drag on business and investor sentiment, especially as there have been new reports of Russian troops pouring into eastern Ukraine. Russia has denied ...
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  • USDJPY Target 100

    USDJPY Target 100

    The yen JPY slipped on the poor GDP reading, with the dollar briefly pushing to a seven-year high above 117 yen. The benchmark Nikkei stock average .N225 fell 2.6 percent. Sluggish growth and downward pressure on inflation due to sliding global oil prices prompted the Bank of Japan to unexpectedly expand its massive monetary stimulus ...
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  • Japan: Recession Will End Abenomics

    Japan: Recession Will End Abenomics

    Japan: Recession Will End Abenomics Japan slipped in to recession as HEFFX expected, the timing is potentially the best thing that could happen as the disastrous economic policy of Abe should come to an abrupt end in December. Abe and the BoJ have been printing money like there was no tomorrow, but unfortunately there always ...
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  • Euro (€) ⇨ US Dollar ($) (EURUSD) Update

    Euro (€) ⇨ US Dollar ($) (EURUSD) Update

    Germany, Europe's biggest economy, narrowly escaped a new recession with minimal growth of 0.1 percent in the the third quarter, official data showed on Friday. German gross domestic product expanded by 0.1 percent in the period from July to September, after shrinking by 0.1 percent in the preceding three months, the federal statistics office said ...
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  • Japan: Trading the Looming Economic Disaster

    Japan: Trading the Looming Economic Disaster

    Japan: Trading the Looming Economic Disaster Japan's top three banks have posted lacklustre half-year profit figures as the impact of last year's stock market surge faded and they struggle to boost lending at home. BoJ policy has driven local markets to all time highs, but on the ground the economy is near collapse as Abenomics ...
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  • US Treasuries Up, US Dollar Down

    US Treasuries Up, US Dollar Down

    US Treasuries Up, US Dollar Down 10-Yr: +05/32..2.321%.. USD/JPY: 116.30.. EUR/USD:1.2515 Afternoon Update US Treasury Complex 2Y Unch at 99 22/32 3Y +01/32 at 99 23/32 5Y +02/32 at 99 15/32. 7Y +02/32 at 99 27/32 10Y +05/32 at 99 10/32 30Y +14/32 at 99 00/32   US Dollar (.DXY) Index EUR/USD +40 pips at ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    Crude Oil (NYMEX) (Z4) Intraday: the downside prevails. Pivot: 75.5 Our preference: Short positions below 75.5 with targets @ 72.2 & 70.9 in extension. Alternative scenario: Above 75.5 look for further upside with 76.35 & 77.2 as targets. Comment: The immediate trend remains down and the momentum is strong. Opinion published is an intraday view. ...
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  • EUR/USD Target 1.15

    EUR/USD Target 1.15

    EUR/USD was trading in the red zone on Friday's trading session as markets were cautious ahead of the release of preliminary data on euro zone third quarter growth numbers. The numbers will be released later in the day. EUR/USD touched the session low of 1.2427 and thereafter consolidated at 1.2435, down 0.33%. It will find ...
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  • GBP/USD Headed Under $1.50

    GBP/USD Headed Under $1.50

    GBP/USD pair was trading close to 14-month lows on Friday’s trading session. The pressure mounted on pound after the dismal U.K. construction data was released. There were no signs of declining demand for the greenback as the market expects the U.S. economy to perform better than its peers. The Fed and the central banks have ...
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  • Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP Euro EUR closed higher Thursday. The high range close sets the stage for a steady to higher opening when Friday's US session opens. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends this Summer's decline, ...
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  • Currency War Will Hit US, Yen Dives

    Currency War Will Hit US, Yen Dives

    Currency War Will Hit US, Yen Dives Expect the US Dollar (USD) to rise to a 16-yr high against the Japanese Yen (JPY), triggering another stage of 'currency wars' next year as countries struggle to remain competitive. Savvy observers expect Japan’s latest effort to boost commercial activity with monetary stimulus will force other countries to ...
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  • US Dollar Down, US Treasuries Testing

    US Dollar Down, US Treasuries Testing

    US Dollar Down, US Treasuries Testing 10-Yr: +09/32..2.346%.. USD/JPY: 115.63.. EUR/USD:1.2475 The US Dollar (.DXY) Index holding small losses near 87.75. The Buck spent the entire session below the flat line in a tight 15 cent range. The US Dollar (.DXY) Index EUR/USD is +40 pips at 1.2480 trade has recovered Wednesday's losses. Euro hangs near 27-month ...
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  • EUR/USD Trades In Green After Euro Zone Inflation Reports

    EUR/USD Trades In Green After Euro Zone Inflation Reports

    EUR/USD Trades In Green After Euro Zone Inflation Reports The euro was trading in green versus the dollar on Thursday's trading session. The single currency gained some momentum after the inflation report showed that the rate of Inflation in France rose to 0.5%last month compared to 0.3% in September. The reported rate of inflation in ...
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  • GBP/USD Continues Slide

    GBP/USD Continues Slide

    GBP/USD Continues Slide The sterling declined to 14-month lows against the U.S. dollar on Thursday trading session. The pressure mounted on pound after the BoE reduced its forecast for inflation and growth in quarterly inflation report released on Wednesday. The cut forecasts indicated that as of now there are no imminent signs of rate hike ...
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  • Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP EUR closed lower Wednesday. The low range close sets the stage for a steady to lower opening when Thursday's US session opens. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends this Summer's decline, monthly ...
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  • US Dollar Nears 88.00, US Treasuries Little Changed

    US Dollar Nears 88.00, US Treasuries Little Changed

    US Dollar Nears 88.00, US Treasuries Little Changed 10-Yr: +04/32..2.357%.. USD/JPY: 115.45.. EUR/USD:1.2437 The US Dollar (.DXY) Index hanging near session highs near 87.90. Action spent most of the morning hugging the breakeven line before an afternoon bid lifted trade to session highs. EUR/USD is -45 pips at 1.2430 as trade presses the worst levels of ...
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  • EUR/USD Declines After Dismal Euro Zone Industrial Production Report

    EUR/USD Declines After Dismal Euro Zone Industrial Production Report

    The euro slipped in negative territory against the dollar on Wednesday. The data released reported that the industrial production in the euro zone area came lower than expected in the month of September. At the same time, demand for the U.S. dollar remained supported across the board as markets expect that the recovery in the ...
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  • GBP/USD Trading Steady Ahead Of BOE’s Inflation Report

    GBP/USD Trading Steady Ahead Of BOE’s Inflation Report

    The pound is trading steady ahead of BOE’s inflation report and jobs data. The market expects to see a downward forecast revisions will underscore the fastest-growing economy. As per the survey conducted by Bloomberg News, the wages rose and unemployment declined in the month of September. The GDP growth forecast can see a downgrade from ...
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  • Forex Technical Commentary: EUR, JPY, GBP

    Forex Technical Commentary: EUR, JPY, GBP

    Forex Technical Commentary: EUR, JPY, GBP Euro EUR closed higher Tuesday. The highrange close set the stage for a steady to higher opening when Wednesday's US session opens. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends this Summer's decline, the ...
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  • Structural Economic Change Needed, Not Currency Wars

    Structural Economic Change Needed, Not Currency Wars

    Structural Economic Change Needed, Not Currency Wars The currency wars of recent years have done little to boost global economic growth, and nations should adopt structural economic changes instead. Both the European Central Bank (ECB) and Bank of Japan (BOJ) have worked to depress their currencies, hoping to boost exports. The USD hit a 7-yr ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    Crude Oil (NYMEX) (Z4) Intraday: break of a ST rising trendline support. Pivot: 78.36Our preference: Short positions below 78.36 with targets @ 76.42 & 75.8 in extension.Alternative scenario: Above 78.36 look for further upside with 79.8 & 81 as targets.Comment: As long as the resistance at 78.36 is not surpassed, the risk of the break ...
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  • GBP/USD Trades In Narrow Range On Tuesday

    GBP/USD Trades In Narrow Range On Tuesday

    The pound was trading flat to positive against the dollar in quiet trade on Tuesday trading session. The U.S. dollar found some support at lower levels after recent decline caused by lackluster U.S. employment report released on Friday. GBP/USD touched session high of 1.5858 in European morning trade and thereafter consolidated at 1.5846, trading up ...
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  • EUR/USD Trades Near 26-month Lows

    EUR/USD Trades Near 26-month Lows

    EUR/USD Trades Near 26-month Lows The euro declined against the U.S. dollar on Tuesday trading session, trading close to recent 26-month lows. The single currency was under pressure as investors expects that the economic recovery in the United States will be better than the other major economies. The expectations resulted in fresh buying of the ...
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  • Forex Technical Commentary: EUR, JPY, GBP

    Forex Technical Commentary: EUR, JPY, GBP

      Forex Technical Commentary: EUR, JPY, GBP Euro EUR closed lower Monday. The low range close set the stage for a steady to lower opening when Tuesday's US session opens. Stochastics and the RSI are neutral to bearish indicating that sideways to lower prices are possible near term. If the single currency extends this Summer's ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    Crude Oil (NYMEX) (Z4) Intraday: break of a ST rising trendline support. Pivot: 78.8Our preference: Short positions below 78.8 with targets @ 76.45 & 75.8 in extension.Alternative scenario: Above 78.8 look for further upside with 79.8 & 81 as targets.Comment: Technically the RSI is below its neutrality area at 50. Opinion published is an intraday ...
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  • Strong USD Is A Threat To Markets And Economy

    Strong USD Is A Threat To Markets And Economy

    Strong USD Is A Threat To Markets And Economy The USD climbed to a 7 yr high Vs the JPY this week and a 2 month high Vs EUR, that is not cause for celebration, unless you are on the right side of a Forex trade. The move  brought volatility to currency markets and hurts ...
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  • Russia's CB Scraps Control Of Ruble Value

    Russia’s CB Scraps Control Of Ruble Value

    Russia's CB Scraps Control Of Ruble Value Russia's central bank abandoned its daily control on the value of Ruble against foreign currencies Monday, while holding on to necessary interventions in case of threats to national financial stability. Starting Monday, the bank "abolished the existing exchange rate policy mechanism, abandoning the interval of permissible fluctuations for ...
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  • US Dollar (.DXY) Trading Off Of Friday's Highs

    US Dollar (.DXY) Trading Off Of Friday’s Highs

    US Dollar (.DXY) Trading Off Of Friday's Highs USD/JPY: 114.68.. EUR/USD: 1.2440 The US Dollar (.DXY) Index has rolled over from Friday's high, and is trading at 87.60. Trade volume has been light and tomorrow US treasury markets will be closed in observance of Veteran's Day in the USA. The low volume quiet trading mood will  likely ...
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  • EURUSD Edges Higher Against Dollar On Poor U.S. Jobs Report

    EURUSD Edges Higher Against Dollar On Poor U.S. Jobs Report

    EURUSD Edges Higher Against Dollar On Poor U.S. Jobs Report The euro opened higher against the U.S. dollar on Monday’s trading session after the U.S. jobs report showed that only 214,000 jobs were added in the month of October compared to the forecast of 231,000. The figures for September and August months were revised up ...
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  • GBP/USD Extends Gain Following The Release Of Lackluster October Jobs Report

    GBP/USD Extends Gain Following The Release Of Lackluster October Jobs Report

    GBP/USD Extends Gain Following The Release Of Lackluster October Jobs Report GBP/USD has started the week on a strong note. It retreated from 10-month lows against the U.S. dollar on Friday after the release of U.S. October Jobs data. The report showed that only 214,000 jobs were added in October compared to the expectations of ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF Crude Oil (NYMEX) (Z4) Intraday: supported by a rising trend line. Pivot: 78.2Our preference: Long positions above 78.2 with targets @ 79.8 & 81 in extension.Alternative scenario: Below 78.2 look for further downside with 77.3 & 76.45 as targets.Comment: The RSI is mixed to ...
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  • Europe Hits Crunch Time

    Europe Hits Crunch Time

    This week sees a raft of third quarter GDP reports from the euro zone, which are unlikely to make comfortable reading. Spain has already reported reasonable 0.5 percent growth on the quarter and few if any of its peers are likely to better that. The currency bloc as a whole grew just 0.1 percent in ...
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  • FX News: Ruble, Dollar, Gold

    FX News: Ruble, Dollar, Gold

    In the currency market, the dollar made a poor start to the week, with some traders still using mixed U.S. jobs numbers on Friday to lock in recent gains. The Swiss franc was also in focus as it nudged the Swiss National Bank’s 1.20 ceiling against the under-pressure euro. Europe's bond markets were feeling the ...
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  • Forex Technical Commentary: EUR, JPY, GBP

    Forex Technical Commentary: EUR, JPY, GBP

    Forex Technical Commentary: EUR, JPY, GBP EuroEUR closed higher Friday. The high range close set the stage for a steady to higher opening when Monday's US session begins to trade. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends the Summer's ...
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  • US Dollar ($) ⇨ Indonesian Rupiah (IDR) USDIDR Week Ahead

    US Dollar ($) ⇨ Indonesian Rupiah (IDR) USDIDR Week Ahead

    US Dollar ($) ⇨ Indonesian Rupiah (IDR) USDIDR Week Ahead USDIDR closed up 35.000 at 12,170.000. Volume was 33% above average (neutral) and Bollinger Bands were 26% narrower than normal. Open High Low Close Volume___ 12,170.00012,172.00012,130.00012,170.000 142 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 12,120.50 ...
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  • British Pound Sterling (£) ⇨ US Dollar ($) GBPUSD Will Head Lower

    British Pound Sterling (£) ⇨ US Dollar ($) GBPUSD Will Head Lower

    British Pound Sterling (£) ⇨ US Dollar ($) GBPUSD Will Head Lower GBPUSD closed above the lower band by 10.4%. Bollinger Bands are 2.01% narrower than normal. The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices. Shayne Heffernan HEFF Candlestick Analysis A black body ...
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  • Euro (€) ⇨ US Dollar ($) EURUSD Meltdown

    Euro (€) ⇨ US Dollar ($) EURUSD Meltdown

    Euro (€) ⇨ US Dollar ($) EURUSD Meltdown HEFFX Target 1.15 EURUSD closed up 0.001 at 1.246. Volume was 89% below average (consolidating) and Bollinger Bands were 47% wider than normal. Open High Low Close Volume___ 1.245 1.249 1.245 1.246 8,105 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period ...
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  • US Dollar ($) ⇨ Chinese Yuan (CN¥) USDCNY Trading

    US Dollar ($) ⇨ Chinese Yuan (CN¥) USDCNY Trading

    US Dollar ($) ⇨ Chinese Yuan (CN¥) USDCNY Trading USDCNY closed below the upper band by 28.0%. Bollinger Bands are 63.62% narrower than normal. The narrow width of the bands suggests low volatility as compared to FOREX CNY='s normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the ...
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  • US Dollar ($) ⇨ Swiss Franc (CHF) $USDCHF Technicals

    US Dollar ($) ⇨ Swiss Franc (CHF) $USDCHF Technicals

    US Dollar ($) ⇨ Swiss Franc (CHF) $USDCHF Technicals USDCHF closed below the upper band by 20.9%. Bollinger Bands are 66.52% wider than normal. The large width of the bands suggest high volatility as compared to FOREX CHF='s normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range ...
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  • USDCAD HEFFX FX Preview

    USDCAD HEFFX FX Preview

    USDCAD HEFFX FX Preview US Dollar ($) ⇨ Canadian Dollar (CA$) (USDCAD) Shayne Heffernan Candlestick Analysis A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are ...
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  • AUDUSD HEFFX Weekly Outlook

    AUDUSD HEFFX Weekly Outlook

    AUDUSD HEFFX Weekly Outlook Australian Dollar (A$) ⇨ US Dollar ($) (AUDUSD) AUDUSD closed up   0.007 at   0.863.  Volume was 39% above average (neutral) and Bollinger Bands were 11% wider than normal. Open     High      Low     Close     Volume___ 0.856    0.866    0.854    0.863      78,213 Technical Outlook Short Term:          Oversold Intermediate Term:   Bullish Long Term:           Bearish Moving Averages: ...
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  • USDPHP Update

    USDPHP Update

    The Philippines' gross international reserves (GIR) fell to its lowest level in October due to revaluation adjustments on the local central bank's gold holdings. Data released by the Bangko Sentral ng Pilipinas (Philippine central bank or BSP) on Friday showed that the October GIR level slid to 79.29 billion U.S. dollars in October from the ...
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  • USD, CAD, RMB Canada China Swap Deal

    USD, CAD, RMB Canada China Swap Deal

    China's central bank signed a currency swap deal worth 200 billion yuan (32.79 billion U.S. dollars) with the central bank of Canada. The three-year deal could be extended upon agreement by the two sides, said a statement on the website of the People's Bank of China. Also on Saturday, the two sides signed a memorandum ...
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  • EURUSD, GBPUSD Britian Vs Europe

    EURUSD, GBPUSD Britian Vs Europe

    EURUSD, GBPUSD Britian Vs Europe Britain's new European Commissioner sought to calm tensions between London and the EU Thursday, saying the question of its membership was "a boil that needs to be lanced''. Jonathan Hill's comments came after the fault lines between Britain and the EU were exposed by new European Commission boss Jean-Claude Juncker ...
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  • EURUSD France will Enter Recession

    EURUSD France will Enter Recession

    EURUSD France will Enter Recession France's central bank said Friday that growth will likely ground to a near halt in the fourth quarter, confirming forecasts by the nation's statistics agency in another blow to embattled leader Francois Hollande. The bank said the economy in the last three months of the year would likely grow by ...
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  • Live Trading News Guide To FX Trading

    Live Trading News Guide To FX Trading

    FX is by far the largest financial market in the world, but it is a relatively new area for retail traders. FX was primarily the domain of large financial institutions, multinational corporations and secretive hedge funds for decades. But times have changed, and individual investors now have access to the internet and to online trading ...
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  • IMF to Push ECB and Japan to Disaster

    IMF to Push ECB and Japan to Disaster

    IMF to Push ECB and Japan to Disaster A massive liquidity trap is building in developed markets, and the IMF is doing their part to encourage a situation that could spell disaster for the developed world. Calling the world economy "fragile, brittle and fragmented", IMF Managing Director Christine Lagarde told a conference of central bankers ...
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  • FX News: US Rates to Move Higher

    FX News: US Rates to Move Higher

    The latest view, that the Fed would raise rates in seven months, comes after a strong October jobs report on Friday. The U.S. economy added 214,000 jobs in October, the Labor Department said, and the unemployment rate fell to a six-year low at 5.8 percent even as more people entered the labor force, a sign ...
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  • Russia's Central Bank Set To Intervene In Currency Market

    Russia’s Central Bank Set To Intervene In Currency Market

    Russia's Central Bank Set To Intervene In Currency Market Russia's central bank said Friday it was ready to further intervene in domestic currency market to secure the country's financial stability in a spike in consumer demand for foreign currencies. "We have noticed signs of a speculative demand (on domestic currency markets) in the past few ...
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  • US Dollar Rolled Over, US Treasuries Of Their Highs

    US Dollar Rolled Over, US Treasuries Of Their Highs

    US Dollar Rolled Over, US Treasuries Of Their Highs The US Dollar (.DXY) Index rolled over early trade as it moved below the 88 mark. .DXY is now trading at 87.75. The October jobs report was released Friday. The NFPs were light (214-K Vs 235-K consensus) and October Hourly Earnings was also light. EUR bounced back above ...
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  • GBP/USD Trades Lower

    GBP/USD Trades Lower

    GBP/USD started the trading session on Friday at 1.5830 and touched new 14-month low at 1.5815 in late Asian trade. It is currently trading at 1.5832, flat in negative territory. The pair seems to position itself before the release of key jobs report in the U.S. It expects the Fed will be the first one ...
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  • EUR/USD Trades Close To 2-year Lows

    EUR/USD Trades Close To 2-year Lows

    EUR/USD is trading in positive territory on Friday after touching two-year lows on Thursday trading session. The euro came under pressure after the dovish statements of ECB President, Mario Draghi, on Thursday. EUR/USD touched a session high of 1.2387 in late Asian trade and later on consolidated at 1.2389, up 0.14%. The pair will find ...
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  • Forex Technical Analysis: USD, EUR, JPY, GBP

    Forex Technical Analysis: USD, EUR, JPY, GBP

      Forex Technical Analysis: USD, EUR, JPY, GBP Euro EUR closed lower Thursday. The low range close set the stage for a steady to lower opening when Friday's US session opens. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends this ...
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  • Order and Chaos The Fed, Gold and the Dow Jones Index

    Order and Chaos The Fed, Gold and the Dow Jones Index

    Order and Chaos The Fed, Gold and the Dow Jones Index Order and Chaos – Where is the Sanity in Today’s Markets?         By Tom McGuire – Thursday November 6, 2014 Japan boosted their quantitative stimulus last week citing economic weakness and deflation. China continues to see its strong growth rates decline.   And, Europe is in ...
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  • US Treasuries Down, US Dollar Up

    US Treasuries Down, US Dollar Up

    US Treasuries Down, US Dollar Up 10-Yr: -09/32..2.376%.. USD/JPY: 114.90.. EUR/USD: 1.2395 Afternoon Update US Treasury Complex 2Y Unch at 99 21/32 3Y -02/32 at 99 21/32 5Y -04/32 at 99 07/32 7Y -07/32 at 99 14/32 10Y -09/32 at  99 31/32 30Y -23/32 at 100 18/32   US Dollar (.DXY) Index EUR/USD -90 pips ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF Crude Oil (NYMEX) (Z4) Intraday: bullish bias above 77.5. Pivot: 77.5Our preference: Long positions above 77.5 with targets @ 79.8 & 81 in extension.Alternative scenario: Below 77.5 look for further downside with 76.45 & 75.8 as targets.Comment: The RSI is mixed to bullish. Opinion ...
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  • GBP Edges Lower Against The USD

    GBP Edges Lower Against The USD

    After sustaining its previous day levels, the British Pound is travelling down way against the greenback. The Sterling was maintaining its position after better-than-expected industrial data, however, it edged lower lately. Among the significant events, the market players are awaiting decisions of the Bank of England as well as the European Central Bank, later today. ...
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  • EUR/USD ECB Decision

    EUR/USD ECB Decision

    EUR/USD ECB Decision The Euro is trending higher against the greenback today as the market players react to the policy decisions from the European Central Bank (ECB). ECB Meeting Today The euro held its ground on Thursday after the European Central Bank kept its benchmark interest rate close to zero, as expected, but the currency's ...
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  • Forex Technical Analysis: USD, EUR, JPY, GBP

    Forex Technical Analysis: USD, EUR, JPY, GBP

      Forex Technical Analysis: USD, EUR, JPY, GBPEuro EUR closed lower Wednesday. The low range close set the stage for a steady to lower opening when Thursday's US session opens. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends this Summer's ...
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  • HEFFX Daily FX EURUSD Outlook

    HEFFX Daily FX EURUSD Outlook

    HEFFX Daily FX EURUSD Outlook The euro remains under pressure although the common currency could see a rebound if European Central Bank chief Mario Draghi scales back his readiness for more stimulus given reports of internal opposition to quantitative easing. "I think it will be difficult for the ECB to adopt new measures now so ...
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  • US Treasuries Down, US Dollar Up

    US Treasuries Down, US Dollar Up

    US Treasuries Down, US Dollar Up 10-Yr: -05/32..2.354%.. USD/JPY: 114.65.. EUR/USD: 1.2490 Afternoon Update US Treasury Complex 2Y Unch at 99 22/32 3Y -01/32 at 99 24/32 5Y -01/32 at 99 10/32 7Y -04/32 at 99 18/32 10Y -05/32 at 100 04/32 30Y -14/32 at 101 00/32   US Dollar (.DXY) Index EURUSD -55 pips ...
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  • GBP/USD Under Pressure After U.K. Service PMI Drops

    GBP/USD Under Pressure After U.K. Service PMI Drops

    GBP/USD Under Pressure After U.K. Service PMI Drops The British Pound is under pressure following a report that showed that the service sector in the U.K. has recorded the slowest growth in last one and a half year in October. The GBP/USD is hovering near one year low, shedding as much as 0.72% to trade ...
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  • EUR/USD In Negative Territory After Mixed Data

    EUR/USD In Negative Territory After Mixed Data

    Euro took a deep plunge against the greenback today following the release of mixed data in the region. EUR/USD traded 0.43% down at 1.2488 after hitting session lows of 1.2475. As per a report published by the Eurostat, retail sales in the region fell higher than estimated in the month of September. Mixed Data The ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

    Crude Oil (NYMEX) (Z4) Intraday: under pressure. Pivot: 78.45Our preference: Short positions below 78.45 with targets @ 75.3 & 74.3 in extension.Alternative scenario: Above 78.45 look for further upside with 79.8 & 81 as targets.Comment: The RSI lacks upward momentum. Opinion published is an intraday view. Green Lines Represent Resistances | Red Lines Represent Support ...
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  • Forex Technical Analysis: USD, EUR, JPY, GBP

    Forex Technical Analysis: USD, EUR, JPY, GBP

    Forex Technical Analysis: USD, EUR, JPY, GBP EuroEUR closed higher Tuesday. The high range close set the stage for a steady to higher opening when Wednesday's US session opens. Stochastics and the RSI are Neutral to Bearish signalling that sideways to lower prices are possible near term. If the single currency extends this Summer's decline, ...
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  • HEFFX Asian FX Update

    HEFFX Asian FX Update

    Short covering in the euro was prompted by a Reuters report that quoted European Central Bank sources as saying colleagues of ECB Chief Mario Draghi were unhappy with his "secretive management style and erratic communication". Some were particularly angered that Draghi had set a target for increasing the ECB's balance sheet immediately after the governing ...
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  • Pimco Faces Bleak Future

    Pimco Faces Bleak Future

    Pimco Faces Bleak Future Pimco is in effect dead, the loss of Bill Gross will lead to the closure of Pimco within 10 years according to HEFFX. "total outflows are now mounting at an increasing rate, within 10 years Pimco will be a memory" Shayne Heffernan of HEFFX said in a note to traders. Pimco ...
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