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Analysis

Analysis (120)

05 November 2013

Daily chart 

 

Yesterday, Crude Oil fell back and touched its lowest level in four months and now stays below 95.00 a barrel.
The decline reverses better than 4% gain during the second quarter and stands in contrast to the sharp increase in capital expenditures during the early stages of the economic recovery. The Commerce Department will...

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05 November 2013

USD/JPY: Under pressure (November 05, 2013)

Overview:
USD/JPY is trading in lower range. The rate is undermined by softer dollar sentiment (ICE spot dollar index last 80.57 versus 80.72 early Monday) after FOMC voting member James Bullard said it's a bit of struggle to imagine cutting the pace of bond buying so soon as he remains "nervous" that inflation readings remain well...

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05 November 2013

USD/CHF: Bullish bias (November 5, 2013)

Overview:
USD/CHF is trading in higher range after hitting near-three-week high 0.9151 on Monday. The rate is undermined by weaker dollar sentiment; franc demand on soft EUR/CHF cross. Data focus: 08:15 GMT Switzerland October CPI. Daily chart is still positive-biased as MACD and stochastics are bullish, five-day moving average is above 15-day MA...

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05 November 2013

Daily chart

During Monday's session the USD/CHF pair tried again to breach the 0.9155 area but it failed. As we mentioned yesterday in our analysis we believe that this area is an important resistance level. Similarly, this morning the pair is ascending recovering its losses yesterday, however after the formation of a double top after peak...

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05 November 2013

The upward attempt which Gold prices made yesterday was weak and had an overlapping corrective pattern. The upward move was not impulsive and prices fell back down easily towards 1,310. This sideways move makes us believe that the downward move from 1,360 is not over yet.

Prices have stopped below the 1,325$ resistance and moved back down below the...

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05 November 2013

USD/CAD Elliott Wave  Since our last analyses the USDCAD pair has been trading upwards, corrective wave .y (coloured black) of the bigger wave b (coloured blue) has been developing. During Monday's Asian and European sessions, we could observe descending movements from 1.0427 towards the 1.0396 level. Therefore, during the New York...

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05 November 2013

AUD/USD Elliott Wave  Since our last analyses the AUDUSD pair has been trading upwards, just like we expected, corrective wave a (coloured blue) of the bigger wave [b] (coloured black) has been developing. Yesterday, during the Asian and European sessions, we could observe ascending movements from 0.9441 towards the...

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05 November 2013

After full-scale one-week attack on the euro and the British pound, which took place on Monday, the investors decided to look around. The euro grew 27 points, the pound added 43 points, and the Australian dollar rose 72 points. The correction was amid strong European, British and Australian data. PMI Construction in the UK in October was 59.4 vs....

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