EURCAD-bulls last hope remains at 1.4680 on a daily closing basis.

The Oil gained the lost August month losses, ended with gains boosted the CAD. Traders eye Canada GDP number. We expect the Q2 GDP likely to be on the negative side. The drop in the […]

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EURUSD- symmetric triangle break out, more head room available

The pair paused the four-day fall; manage to hold the support zone 20Dma&100dEma    . Euro area annual inflation is expected to be 0.2% in August 2015, stable compared to July 2015, according to a flash […]

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EURNZD- lower NZD likely to support the dairy price index

ANZ research “Business confidence slipped further into the red, led by agriculture. Key survey indicators that more closely correlate to GDP also weakened, with several at their lowest levels since 2009. That’s a worry.  Business […]

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GBPUSD- the bulls last hope remains at 1.5330

The cable posted a 1.8% loss in the previous week, the biggest weekly drop in 4 months.  The cable lost 50Wsma and close below 20Wsma as well. The UK’s GDP unable to help the pound, […]

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