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Khurram Mustafa
Published post COMMERZ BANK
The Brazilian real is one of the EM currencies that have recently been under particular pressure. The large current account deficit has played a key role here,according to Lutz Karpowitz,analyst at Commerzbank...
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Khurram Mustafa
Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that the JPY is outperforming its G4 peers with a modest 0.3% gain, rallying back to its 200 day MA after reaching a fresh two-month low...
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Khurram Mustafa
Published post GBPCHF
While the pound is among the top performers on Monday, the Swiss franc is the opposite and is losing ground. GBP/CHF continues to rally and reached the strongest level since September 22. GBP/CHF: Rally goes on Two weeks ago the pair dropped to 1...
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Khurram Mustafa
Published post BOJ is the Key Event
Kit Juckes, economist at Societe Generale, explained that the week's biggest event may be the BOJ on Friday. Key Quotes: "My view last week was that the QE is losing its ‘mojo' and that I would be surprised if either dovish words from the ECB or further QQE from the BoJ would have much FX impact...
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Khurram Mustafa
AUD/USD is currently trading at 0.7257 with a high of 0.7269 and a low of 0.7207...
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Khurram Mustafa
Published post WTI Testing Lows
As per FXSTREET, Crude oil prices are extending its negative downbeat at the beginning of the week, currently hovering over the low-$44.00s per barrel...
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Khurram Mustafa
Published post US Dollar Drops
The greenback, in terms of the US Dollar Index, keeps trimming recent gains and is now hovering over session lows in the 96.90/85 band. US Dollar retreats from 97.20 After testing 2-month lows above the 97...
102
Khurram Mustafa
In the view of Eric Theoret, Currency Strategist at Scotiabank, the pair’s perspective remains on the bullish side for the time being. Key Quotes “Both the MACD and RSI momentum indicators are bullish, and trend signals are showing signs of a turn”. “USDCAD’s rally toward the 50 day MA (1...
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Khurram Mustafa
After a bull run to the 1.5380 area, or session peaks, GBP/USD has now returned to the 1.5360/55 band. GBP/USD looks to GDP figures The pair has given away part of the gains following the spike to the 1.5380 area as the greenback is now attempting to revert part of the initial drop...
87
Khurram Mustafa
Many of traders are applying defferent strategies in their trading systems. I know what ever the strategy is, must out of control one day. So I recommend to apply strategy but try to do some different again and agian. Then we can check our selves the difference in between new to old...
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Khurram Mustafa
Published post Strength OF USD
Next week the Federal Reserve will announce its decision on monetary policy. No change in rates is expected and the statement is likely to watch for clues about the December meeting. If no signals of a December rate hike are found, Greenback could lose momentum...
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Khurram Mustafa
Greenback, measured by the US Dollar Index is about to post the strongest close since early August. It rose sharply for the second day in a row, accumulating a gain of 2.30%. Today it peaked at 97.23 and it about to close at 97.15...
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Khurram Mustafa
When I was new, I don't know which broker will placed me on safe side, but today after 3-4 years I am proudly announcing that Yes this is my best broker and according to my searches I didn't see this type of broker in Market. I am referring my best broker ForexTime Ltd...
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Khurram Mustafa
Published post News Schedule For Sunday 25th October 2015
According to fxstreet, On Sunday 25th October 2015 the following have ends about daylight saving time 07:00 (+5 GMT) GBP 07:00 (+5 GMT) EUR 07:00 (+5 GMT) CHF...
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Khurram Mustafa
Published post ECB - EURUSD, no action expected
JOIN MY BEST BROKER ForexTime Ltd. JOIN MY SIGNAL A SIGNAL With quite limited volumes across the forex board, investors are placing their hopes, partially, in the ECB monthly economic policy decision, to be unveiled this Thursday...
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Khurram Mustafa
Published post EURUSD (ECB SHOWDOWN)
EUR/USD is awaiting the ECB tomorrow. There is expected to be a dovish tone while participants weigh up the prospects of extended QE from the Central Bank to battle troublesome conditions in the EZ economy...
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Khurram Mustafa
USDCAD - A Powerful Rally...
From an hourly perspective, the USD/CAD has reached its highest momentum reading of the last 20 days of trading.
Recent USD/CAD longs are speculative and likely vulnerable. Unless they are fed with comforting releases, a torrent of selling could very well ensue in the form of profit taking and/or forced liquidation.
With the fresh printed hourly MACD showing less acceleration, the prospect for a base building or correction in the near future looks to be quite realistic.
Trend Index: BULLISH
OS/OB Index: Neutral
[img]https://charts.mql5.com/9/155/usdcad-h1-forextime-ltd-a-powerful-rally.png[/img]
From an hourly perspective, the USD/CAD has reached its highest momentum reading of the last 20 days of trading.
Recent USD/CAD longs are speculative and likely vulnerable. Unless they are fed with comforting releases, a torrent of selling could very well ensue in the form of profit taking and/or forced liquidation.
With the fresh printed hourly MACD showing less acceleration, the prospect for a base building or correction in the near future looks to be quite realistic.
Trend Index: BULLISH
OS/OB Index: Neutral
[img]https://charts.mql5.com/9/155/usdcad-h1-forextime-ltd-a-powerful-rally.png[/img]
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