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  1. #31
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    Oct 2015
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    USD/JPY analysis: positive, but 112.00 caps for now

    Support levels: 111.05 | 110.65 | 110.20
    Resistance levels: 112.00 | 112.45 | 112.85

    The USD/JPY pair surged to its highest for this April, printing 111.77, before giving up some its daily gains, still closing in the green. The pair got a boost from a recovery in US Treasury yields, although they later give up after the US government announcement on the tax reform. The 10-year yield benchmark traded as high as 2.33% intraday, but pulled back to 2.31% after ahead of the close, weighing on the pair by the end of the US afternoon. The Bank of Japan will have its monthly monetary policy meeting during the upcoming Asian session, but is expected to maintain the status quo unchanged, with the pair’s traders more focused on Thursday’s US Durable Goods Orders for March. The positive tone of US equities, helped the pair to hold on to gains by the end of the day, although it’s not enough to guarantee a similar advance in Asian equities. From a technical point of view, the 4 hours chart shows that the price held above its moving averages, with buying interest aligned around the 200 SMA, currently around 111.00, whilst technical indicators retreated modestly from extreme overbought readings, but are far from turning lower. Still, the pair needs to regain the 112.00 threshold to be able to extend its advance towards the 113.00 region.

    Read More Technical Analysis on Different Currency Pairs : https://www.xtreamforex.com/Education

  2. #32
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    Oct 2015
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  3. #33
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    Oct 2015
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    343

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    GBP/USD: Will the post-Fed recovery sustain ahead of UK services PMI?


    Having found fresh bids once again near 1.2860 region in Asia opening trades, the GBP/USD pair kept its steady recovery mode intact, with the bulls regaining the bids heading into the all-important UK services PMI report due on the cards later today.
    Currently, the spot remains in the lower bound of this week’s 100-pips trading range, in response to a solid comeback staged by the US dollar across the board, following the overnight FOMC outcome.
    The shorter-duration treasury yields rocketed, as June Fed rate hike bets swelled after the Fed noted that the Q1 GDP weakness was transitory, while adding that inflation is running close to 2% goal. The Fed also acknowledged the continued improved in the labor market.
    Moreover, the spot remained under pressure and failed to hold the 1.29 handle a day before, as renewed concerns over the Brexit deal weighed on the GBP. EU’s Chief Brexit negotiator Barnier delivered the EU-Brexit directives yesterday, noting that Brexit will have legal and human consequences.
    In the day ahead, it remains to be seen if the major can extend the recovery beyond 1.29 handle, should the UK services PMI data deliver a positive surprise, especially after the UK manufacturing and construction PMI reading surprised markets to the upside. Also, the US jobless claims, trade balance and factory orders data will be eyed for further momentum.
    GBP/USD Levels to consider
    A break above 1.2900 (5-DMA/ round number) could lift the pair above 1.2955 (May 1 high), beyond which a test of 1.2970 (7-month tops) is imminent. Conversely, a break below 1.2862/61 (daily & previous lows), leading to a subsequent break below 1.2835/34 (classic S1/ Apr 27 low) is likely to drag the pair towards testing its next support near 1.2800 (key support).


    Find More Analysis: https://www.xtreamforex.com/Education/

  4. #34
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    Oct 2015
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    AUD/JPY REBOUNDS SHARPLY, TAKES-OUT 88 HANDLE ON RBA MINUTES
    The cross in AUD/JPY staged a solid comeback following the release of the RBA’s monetary policy meeting minutes, now driving the rate to test 88 handle.

    AUD/JPY cheer RBA minutes

    The bulls found fresh bids at the mid-point of 87 handle and from there rallied almost 50-pips after the RBA minutes showed an upbeat assessment of the economy, citing that the steady policy stance remains consistent with growth and inflation targets.

    Read More:https://www.xtreamforex.com/audjpy-r...e-rba-minutes/

  5. #35
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    Oct 2015
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    EUR/USD Forecast: uncertainty reigns, but dollar’s gains st


    The EUR/USD pair ends the week marginally lower, but still near its highest for the year, a few pips below the 1.1400 threshold. Following an exciting central banks’ week, the American dollar corrected higher at the beginning of the current one, giving back its gains on Thursday,

    Read More:https://www.xtreamforex.com/eurusd-f...lars-gains-st/

  6. #36
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    AUD/USD RALLIES NEARLY 1% TO 0.7875, HIGHEST SINCE MAY 2015
    The AUD bulls remain unstoppable following the release of hawkish RBA minutes, with the AUD/USD pair now extending the break higher to test 0.77 handle, the strongest levels seen since May 2015

    Read More:https://www.xtreamforex.com/audusd-r...ince-may-2015/

  7. #37
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    USD/JPY: Buy Yen on Hope – Goldman Sachs
    Bloomberg reporting the latest insights from Goldman Sachs on the Japanese election and Yen price-outlook.
    Little is yet known about Japan’s

    ReadMore:https://www.xtreamacademy.com/2017/1...-goldman-sachs

  8. #38
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    Oct 2015
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    GBP/USD – Yield differential at critical levels ahead of Services PMI numbers
    The offered tone around the US dollar strengthened in Asia on Fed leadership talk, pushing the GBP/USD pair to a high of 1.3274

    ReadMore:https://www.xtreamacademy.com/2017/1...es-pmi-numbers

  9. #39
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    GBP/USD – Inverted Hammer awaits bullish follow through
    Wednesday’s inverted hammer candle on the GBP/USD chart offers a ray of hope for GBP bulls, although the strong US data releases and the heightened odds of the Fed rate hike in December could play spoil sport.

    ReadMore:https://www.xtreamacademy.com/2017/1...follow-through

  10. #40
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    AUD/USD revisits session lows on RBA rate cut talk
    AUD/USD fell back to a session low of 0.7772 after a Wall Street Journal report said that RBA board member Ian Harper sees scope for a rate cut if consumption across the economy loses momentum entirely.

    ReadMore:https://www.xtreamacademy.com/2017/1...-rate-cut-talk

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