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FxWirePro: FTSE100 faces strong support around 7160, break below targets 7000

FxWirePro: EUR/JPY struggles at 55-EMA, poor advanced manufacturing PMIs in Germany and the euro bloc dent EUR

FxWirePro: NZD/USD slumps on rising odds of RBNZ rate cuts, break below 200-DMA will accentuate downside

FxWirePro: USD/SGD breaks key resistance at 1.3538 mark, stay bullish

FxWirePro: AUD/USD ignores upbeat employment data, extends declines on Westpac's RBA rate cut call

FxWirePro: DAX30 hits 2-1/2 month high on trade talk hopes, good to buy on dips

FxWirePro: EUR/CAD hovers around major trendline support at 1.4925, weakness only on break below

FxWirePro: USD/ZAR hovers around 14.00 mark, sustained close below requires for downside rally

FxWirePro: Thai baht falls as trade balance data misses expectations

FxWirePro: AUD/JPY consolidates break below 1H 200-SMA, stay short on upticks

FxWirePro: Silver falls in European hours, various U.S. economic data in focus

FxWirePro: BTC/USD bears threaten at wedge resistance with potential shooting star – Stay hedged ahead of expiry of BTCG19 CME futures

FxWirePro: EURUSD struggles to trade above 2- week high despite dovish Fed meeting minutes and strong Eurozone PMI, good to buy on dips

GBP/JPY forms double top pattern in hourly chart, any break above targets 146.50

FxWirePro: EUR/GBP hammer supports interim bulls, shooting stars develops bears in range-bounded trend – Trade and hedge via ratio spreads

FxWirePro: EUR/GBP Trade Idea

FxWirePro: Aussie rises in early Asia after RBA governor Lowe’s speech

FxWirePro: USD/CAD Trade Idea

Thursday, February 8, 2018 11:30 AM UTC
0
comments
  • USD/CAD continuing its bullishness for fifth consecutive days. The pair jumped almost 360 pips form the low of 1.22472. The jump in prices was mainly due to rise in US 10 year bond yields and declining crude oil prices. The pair hits intraday high at 1.25914 and is currently trading around 1.25930.
     
  • US 10 year bond yield once again sparked till 2.85% after showing a minor decline till 2.74%. The reason for rise in yields is due to increase in inflation and that will increase chance of rising interest rates by Fed.
     
  • Oil prices declined almost 2.5% yesterday and hits one month low on rising US crude stock piles. US crude production hits record high of 10.25 million barrels per day. The commodity hits low of $61.31 and is currently trading around $61.63.
     
  • On the higher side, major resistance is around 1.2600 and any break above will take the pair till 1.2660/1.2700.
     
  • The near term support is around 1.2535 (55- day EMA) and any break below will take the pair till 1.2500/1.2435.

It is good to buy on dips around 1.2575-80 with SL around 1.2535 for the TP of 1.2660/1.2700.

Resistance
 

R1-1.2600
 

R2 -1.2660
 

R3-1.2700
 

Support               
 

S1-1.2530
 

S2-1.2475
 

S3- 1.2435

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Economics Monitor

February 22 04:00 UTC Released

MYCPI MM NSA

Actual

-0.5 Percent

Forecast

Previous

0.1 Percent

February 22 04:00 UTC Released

MYCPI NSA

Actual

120.5 Index

Forecast

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121.1 Index

January 31 00:00 UTC 557622557622m

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Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 557622557622m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 569442569442m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 557622557622m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 569442569442m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 557622557622m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 557622557622m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 557622557622m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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