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AUD/USD: Resistance And Targets
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 - Apr 16, 2014

Following the break of the bullish trendline and resistance levels below 0.940 my AUD/USD bias for an eventual run down to 0.9308 before resumption of gains. At time of writing we are oscillating ...

 
NZD: Testing Critical S/R Levels  
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 - Apr 16, 2014

Following poor data from NZ today, the NZD/USD is by far the weakest currency within Asia Trading. However if the S-R levels hold it can provide buying opportunities.

 
Pound Blasts Above 1.6800‏ As UK Unemployment Drops
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 - Apr 16, 2014

Market Drivers April 16, 2014 UK unemployment dips below 7%Chinese data mixedNikkei 3.01% Europe .97%Oil $104/bblGold $1301/oz. Europe and Asia: CNY GDP 7.4% vs. 7.4%CNY IP 8.8% vs. 9.1%CNY Retail ...

 
NZD/USD: Top in Place Below 0.87?
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 - Apr 16, 2014

Talking Points NZD/USD Technical Strategy: Flat Support: 0.8581 (23.6% Fib ret.), 0.8480-0.8513 (38% Fib ret., Oct 22 close) Resistance: 0.8675 (Apr’13 high), 0.8745 (Apr 10 high) The New Zealand ...

 
USD: Cautious Recovery Under Way
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 - Apr 16, 2014

Talking Points US Dollar Index Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 10439 (61.8% Fib exp.), 10475-84 (channel floor, 23.6% Fib ret.) Resistance: 10401 (76.4% Fib ...

 
USD/JPY: Candle Setup Hints At Rebound
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 - Apr 16, 2014

Talking Points USD/JPY Technical Strategy: Flat Support: 101.48 (channel floor), 100.75 (Feb 4 low) Resistance: 102.11 (23.6% Fib exp.), 102.60 (38.2% Fib exp.) The US Dollar Index may be starting to ...

 
USD/JPY Up On Japan Pensions Fund Action
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 - Apr 16, 2014

USD/JPY Open 101.82 High 102.36 Low 101.41 Close 101.89On Tuesday USD/JPY traded within 50 pip range. The currency couple depreciated from 102.00 to 101.49 yesterday, matching the negative money flow ...

 
China Slows But Beats, Ukraine Heats Up
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 - Apr 16, 2014

China’s economy in Q1 dipped to its slowest level of growth in 18 months it was shown overnight as the valuable construction sector slowed amid calls and plans for ongoing credit tightening. The...

 
EURUSD : Correction Within An Uptrend
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 - Apr 16, 2014

EUR/USD has been trading to the upside last week after broken channel line connected from 2014 highs with impulsive price action from 1.3671. As such, we think that leg from the low is part of a ...

 
Aussie Lower On Chinese Concerns
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 - Apr 16, 2014

The Australian dollar fell considerably on Tuesday, down around 0.90% on the day, ahead of important Chinese data tomorrow morning (GDP, industrial production). Traders are reluctant to push price ...

 
Daily Forex Update: EUR/NZD
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 - Apr 16, 2014

EUR/NZD continues to rise after the recent reversal from the lower support trendline of the Down Channel that was previously identified by Autochartist on the daily charts – as you can see from ...

 
EUR/USD: Daily Trend Remains Bullish
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 - Apr 16, 2014

EUR/USD Daily Analysis: Currency pairs consolidated sideways for most of the day yesterday, the Euro included, though it did find support above our 1.3780 “buy zone.” We remain long-term bullish on ...

 
Aussie Reverses Its Losses In The Morning Session
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 - Apr 16, 2014

For the 24 hours to 23:00 GMT, AUD weakened 0.73% against the USD to close at 0.9343, hurt by the RBA minute’s dovish stance on the Aussie.LME Copper prices declined 0.2% or $15.0/MT to ...

 
Loonie Trading Flat As Traders Await The BOC’s Interest Rate Decision
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 - Apr 16, 2014

For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CAD to close at 1.0986, following the release of a strong US consumer inflation data for March.In Canada, data showed that manufacturing...

 
Swiss Franc Steady In The Asian Session
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 - Apr 16, 2014

For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.8805, as traders cheered an upbeat rise in the US consumer price index for March.On the economic front, ...

 
Japan Making Progress Towards The Central Bank’s 2% Inflation Target
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 - Apr 16, 2014

For the 24 hours to 23:00 GMT, the USD slightly weakened against the JPY and closed at 101.88.Yesterday, Japan’s Chief Cabinet Secretary, Yoshihide Suga indicated that, during a lunch meeting,...

 
Pound Trading Marginally Higher With Focus On UK Claimant Count And Unem
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 - Apr 16, 2014

For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6724, as the latter advanced following an upbeat US consumer inflation data.In the UK, the National Statistics ...