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Tuesday, November 25, 2014

USD Update 25/1/2014

 Dollar index steady after OECD report



The dollar was steady near last week’s more than four year highs against a basket of other major currencies on Tuesday after the Organization for Economic Co-operation and Development said the global economy will gradually improve over the next two years.
Dollar index steady after OECD reportDollar index little changed after OECD report

Monday, November 24, 2014

Gold Update 25/11/2014

Gold prices held steady to higher in Asia on Tuesday with investors looking for any cue on physical demand ahead of end-year holidays.
Gold prices steady in Asia with investors looking to physical demandGold prices steady
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,198.20 a troy ounce, up 0.08%. 

Usd/cad update 24/11/2014

Forex - USD/CAD edges higher in early trade
The U.S. dollar edged higher against its Canadian counterpart on Monday, pulling away from three-week lows as demand for the greenback continued to be broadly supported.
USD/CAD hit 1.1258 during early U.S. trade, the session high; the pair subsequently consolidated at 1.1251, adding 0.16%.

Update EUR/USD_24/1/2014

EUR/USD looks to consolidate above 1.2400

It seems the pair left behind the Draghi-induced pullback on Friday, now looking to pick up pace beyond 1.2400 the figure albeit at a snail pace. Market participants remained indifferent after the ZEW indicator surpassed estimates for the present month in Germany, and will now focus on the US releases from the Services and Composite PMIs tracked by Markit due later. “Being turned back from the trend likely signals the resumption of the downtrend, even though market positioning (in the futures market) and sentiment seem nearly as extreme as ever. A break of the $1.2360 area would target $1.2230, on the way to $1.20 in the coming weeks”, suggested analysts at BBH.

EUR/USD key levels

At the moment the pair is advancing 0.16% at 1.2412 and a breakout of 1.2477 (10-d MA) would aim for 1.2511 (21-d MA) and then 1.2569 (high Nov.21). On the flip side, the initial support aligns at 1.2358 (2014 low Nov.7) followed by 1.2342 (low Aug.21 2012) and then 1.2300 (psychological handle).

Wednesday, January 22, 2014

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Sunday, January 19, 2014

EUR/USD TECHNICAL ANALYSIS 20th Jan 2014

The EUR/USD pair fell hard during the session on Friday, smashing through the 1.3550 support area. However, we think this area has support all the way down to the major handle in 1.35, so we are not ready to start selling yet. However, a close below the 1.35 level is more than enough of a reason for us to start selling the Euro. We do not have a scenario to start buying quite yet, simply because we don’t have the candlestick for it. However, we are open to either possibility as his pair tends to chop around quite a bit.