February 2015

British Sterling looking to a hawkish BoE An overall upbeat economic data coupled with the fact that the BoE expects the current drag in inflation to be temporary has given rise to a potential hawkish BoE statement in the near future.…
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Dow Jones: 18190 Equity on trading zone market managed last week to add more advance toward 18000 zone above 18050 market may activate more advance toward 18250-300 zone market may hold short-run trading zone between 17000 -…
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GOLD 1208 Drop pressure back to affect Gold market back to dump haven on Europe-Greek agreement while Russia-germany-france meeting over Ukrainian crises helped to dump haven more while market faced more drop pressure on…
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Oil (5J) 48.90...... Oil tumble after OPEC decision with no supply cut Oil prices sustain drop after OPEC meeting where countries agree that no supply cut action Market managed to add more drop pressure after the International…
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USD/JPY: 119.30 Japanese Yen on uptrend wave Short-run market managed to obtain drop correction after testing resistance level of 120.80 market managed to hit 120.45 last week before market retreated fast on speculation that…
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GBP/USD: 1.5420 Pound & the rebound correction as we see over the chart, market managed to hold uptrend rebound correction where managed last week to test 1.5480 zone short-run showing support level around 1.5315 which as…
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EUR/USD 1.1235 Euro tumbled after ُECB Draghi announced bigger QE Euro slump after Mr. Draghi announced bigger than expected quantitative easing which placed new drop pressure over Euro U.S labor market data managed to add…
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As expected, Yellen didn’t surprise anyone on Wednesday. It turned out to be a very quiet day, especially in the Forex market. The volatility was below the 10 days average, even though US New Home Sales were released above expectations.…
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It was a particularly interesting week for the Greenback with fundamental risks from Fed Chair, Janet Yellen's testimony to the Senate and yesterday's data dump. Although the Dollar index was weak for the most part of February, there are…
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Key Forex Afternoon  Notes: Australia private expenditure q/q -2.2% vs. -1.7% Gfk German consumer climate 9.7 vs. 9.6 German unemployment change -20k vs. -10k Italy retail sales m/m -0.2% vs. 0% UK GDP q/q second estimate 0.5%,…
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