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USDJPY – Hesitates Ahead Of The 107.52 Level

USDJPY – Hesitates Ahead Of The 107.52 Level

Oct 21, 2014

USDJPY Trouble is now looming ahead of the 107.52 level as USDJPY is now facing bear threat. If it closes lower on a negative candle, it would have ended its recovery and turned risk lower. On the downside, support comes in at the 106.00 level where a break if

AUDUSD Levels To Watch Ahead Of The RBA And China GDP

AUDUSD Levels To Watch Ahead Of The RBA And China GDP

Oct 21, 2014

It's going to be a big day for the Australian dollar as investors digest the RBA's latest meeting minutes and Chinese GDP numbers. The former is expected to show that the RBA remains firmly in wait-and-see mode, while the latter is expected to show that the economy expanded around...

Gold Chipping Away At Key Resistance As Safe Haven Demand Grows

Gold Chipping Away At Key Resistance As Safe Haven Demand Grows

Oct 21, 2014

Gold has now risen for two straight weeks after bouncing off the technically-important $1180/85 area at the start of the month. For a time last week, the metal was up a good $65 from that low ($1183), representing a gain of 5.5 per cent. Although gold's rally faltered somewhat...

AUD/JPY: Prepping for Fireworks

AUD/JPY: Prepping for Fireworks

Oct 20, 2014

The week has started off a little slow in worldwide markets as there hasn't really been any news to get the blood pumping yet, but that all could change in a hurry as we transition to the Asian trading session this evening. Not only is Australia releasing the minutes...

GBPUSD Peeking Above 3-Month Bearish Trend – Could 1.62 or 1.63 Be Next?

GBPUSD Peeking Above 3-Month Bearish Trend – Could 1.62 or 1.63 Be Next?

Oct 20, 2014

It's been a quiet start to the trading week, with most major assets consolidating in tight ranges after last week's volatility. The biggest development thus far was a report that Japan's Government Pension Investment Fund (GPIF) is considering doubling its exposure to stocks at the conclusion of its asset...

S&P’s Kick-Back Rally Stalls at Key Technical Level

S&P’s Kick-Back Rally Stalls at Key Technical Level

Oct 20, 2014

As the new trading week begins, the markets are giving back some of the gains made at the end of last week. There are no major economic data to provide further fresh stimulus, which together with technical selling are scaring away some of the bulls. At the time of this