News And Market Analysis


  • USDCAD

    June 25, 2018

    Intraday bias is to the downside as long as 1.3381 holds, a deeper pull back can be seen to 1.3162 first and then to 1.3065 support.  in the bigger picture, another rally still can be seen to 1.3636 on a break of last week top of 1.3381, but for now a consolidation with a downside

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  • GBPUSD

    June 25, 2018

    The GBPUSD recovery from 1.3101 can still extend higher to 1.3350 but 1.3475 should hold and bring back downside resumption, in the bigger picture a break of last week low of 1.3101 could send the pair to 1.3000 level first then to 1.2875 next.

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  • USDJPY

    June 25, 2018

    The USDJPY could have made a top last week at 110.74 and downside resumption should continue  to retest 108.15 support level and possibly below to retest the 61.8% at 107.20

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  • EURUSD

    June 25, 2018

    The EUR versus the USD made a double bottom last week at 1.1507 but the upside recovery should be limited to 1.1850 resistance to bring back fall resumption. to the downside, a break of 1.1507 should send the pair lower to 1.1450 first, then to 1.1422.

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  • New Zeland GDP

    June 21, 2018

    New Zealand’s economy expanded by 0.5 percent in the first quarter of 2018, meeting market expectations, but the economy is growing a bit below trend and it is expected to struggle to achieve strong rates of growth from here. 

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  • Bitcoin Prices Surge to Fresh Record-High, Crossing $12,000 Mark

    December 6, 2017

    Prices of bitcoin surged to a new record-highon Wednesday, surpassing the recently reached $10,000 mark, to $12,000, gainingjust over $500 since the day’s open and a gain of more than 4% overall. The digital currency rose more than 10 times from $1,000 since the start of the year. According to a report from the BPI,

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  • Australia Q3 GDP Growth Falls to 0.6% Q/Q; AUD Slides Over 0.30%

    December 6, 2017

    Australia gross domestic product (GDP) rose 0.6% q/q in the third-quarter of this year, missing market expectations of 0.7% q/q/ growth, down from revised 0.9% q/q increase seen the previous quarter. On an annual basis, it climbed 2.8% y/y, which is lower than the Reuters’ median consensus of 3% y/y growth, but it is way

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  • Morning Outlook: Australian Dollar Tumbles on Lower-Than-Expected Q3 GDP; BoC Decision in Focus

    December 6, 2017

    Euro up vs the greenback after two straight days of losses USD/CAD gains ahead of BoC’s monetary policy decision AUD slides after reading lower-than-expected Q3 GDP EUR/USD: The euro traded higher vs the greenback during an early trading session Wednesday as the latter suffered after gaining for two successive days on progress in the tax

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  • AUDUSD: Profit Taking Kicks In as ISM Non-Mfg. Disappoints

    December 5, 2017

    The AUDUSD rose by 14 pips from today’s London session low of 0.7601 following the disappointing news that the U.S. ISM Non-Manufacturing Composite rose by 57.4 vs. the 59 anticipated in a Bloomberg poll. The disappointing news appears to have trigger profit taking in the AUDUSD, which declined sharply today from a London morning high

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Tech Outlook

gold can boumce from here

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