London Open – Busy day ahead with PMIs & UK Retail Sales by Milan Cutkovic

The major Asian stock indices are all lower this morning, with the Nikkei down 0.40 % and the Shanghai Comp losing 0.90 %. The main theme overnight was the lower than expected infl …
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London Open – Equities to open higher; USD/JPY bid: by Milan Cutkovic

The big story overnight was that the GPIF is to increase it’s allocation for domestic equities to 25 %, higher than the market previously expected. This led to a rally in the Nik …
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NZDUSD: Kiwi stars as other risk assets are sold heavily. Yield back in fashion! by Jim Langlands

NZD/USD: 0.7984 The Kiwi has performed very well today, despite the general risk off move and currently sits at 0.7970, close to session highs of 0.7996.Sitting on the sidelines se …
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London Open – Aussie bid after Chinese data by Milan Cutkovic

It was a lively session, despite Tokyo being off for a holiday and the lack of news/events. The day started with a risk-off bias, as S&P 500 futures extended losses and the Yen …
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GBPUSD: Back below 1.6000 and looking heavy by Jim Langlands

GBP/USD: 1.5965 Cable got hit hard on Friday and was already looking soft after the release of the services UK PMI data; 58.7( v 59.1-exp), but accelerated to an 11-month low of …
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London Open – The Day Ahead by Milan Cutkovic

Overnight, the focus was on the Kiwi Dollar. RBNZ data showed that the central bank recently intervened in the FX market by selling half a billion NZD, which surprised the market a …
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DXY: At trend highs but running into very strong resistance. Time for a retracement? by Jim Langlands

The DXY has made it to the important resistance at 85.20 (76.4% of 89.59/72.70) which is also strong trend line resistance, joining the tops from March 2009/May 2010, so some cauti …
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USDCHF: Reached the 0.9455 target. Next stop 0.9535 by Jim Langlands

USD/CHF: 0.9455 US$Chf rallied in unison with the softer Euro today and finally reached our target at 0.9455, where it currently sits.Having broken above the problematic 0.9400 are …
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Indices/Commodities round up by Jim Langlands

INDICES/COMMODITIES S+P Futures 1968 We have today seen the test of 1965 that we were looking for, and if this can be taken out the S+P should head towards 1950 and possibly to 193 …
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AudUsd: Looking very heavy. China data tomorrow, in focus

AUD/USD: 0.8925 Having made an early attempt to regain 0.9000 on Friday, the Aud gave up in the face of strong selling interest and headed lower for the rest of the session, …
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