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US stocks close sharply higher

FXStreet (Córdoba) - US indexes closed strongly up, with the Dow Jones adding 304 points and closing the day at 16,776.43, whilst the Nasdaq advanced 1.56% and the S&P closed up 1.83%. The strong recovery was led by a rally in energy and commodity-related shares, which surged following the latest US poor...

01:23 06 October /2015 Forex

AUD/USD: 0.7110 is key to the upside - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that AUD/USD advanced up to 0.7110 at the beginning of this week, finding support in strong commoditi...

01:23 06 October /2015 Forex

EUR/JPY consolidating above the pivot

FXStreet (Guatemala) - EUR/JPY is currently trading at 134.68 with a high of 135.72 and a low of 134.41.

EUR/JPY has edged lower over the course of the US session, slowing its descent into a drift and re...

01:00 06 October /2015 Forex

EUR/USD stays below 1.1200

FXStreet (Córdoba) - EUR/USD came under pressure and dropped more than 100 pips during the last hours to close the day below 1.1200, with no fundamental news behind the move.

The greenback managed to take back losses and dra...

00:46 06 October /2015 Forex

EUR/USD: 1.1330 is key resistance - UOB

FXStreet (Guatemala) - Analysts at UOB Group noted that EUR/USD spiked to a high 1.1315/20 but reversed sharply and rapidly from the top.

Key Quotes:

"It is likely that a tempo...

00:00 06 October /2015 Forex

Gold steadies near 1-week highs after Friday™s rally

FXStreet (Córdoba) - Gold prices eased slowed it down a bit at the beginning of the week following a sharp rally ignited by weak NFP reading, having spent most of the day within a range to end the day firm around $1,135.00 a troy ounce. With China on holiday until Thursday, physical dem...

23:46 05 October /2015 Forex

Oil rises supported by positive sentiment

FXStreet (Córdoba) - Crude oil prices advanced Monday, with WTI crude oil futures retaking the $46.00 level amid a 3% rally in US gasoline prices. Despite latest news coming from Saudi Arabia indicate that crude oil demand is waning again, the commodity rallied, most likely supported by the genera...

23:46 05 October /2015 Forex

EUR/GBP downside opening up, targets 200 DMA

FXStreet (Guatemala) - EUR/GBP has been consolidating the move through the 200 DMA at 0.7282 of late September having reached a high of 0.7432.

However, the downside is being tested below the 0.7...

23:46 05 October /2015 Forex

USD/JPY: vulnerable to the downside - Scotiabank

FXStreet (Guatemala) - Analysts at Scotiabank explained that JPY is down, its modest decline driven by the improvement in risk appetite following Friday™s disappointing U.S. employment data.

Key Quotes:

"Domestic risk for JPY is elevated this week as we look ...

23:23 05 October /2015 Forex

NZD/USD firmly bid on longer dated sticks

FXStreet (Guatemala) - NZD/USD is currently trading at 0.6507 with a high of 0.6531 and a low of 0.6437.

The bird has entered a phase of consolidation on the 0.65 handle after a long drift higher fro...

23:00 05 October /2015 Forex

USD/MXN rebounds from 2-week lows

FXStreet (Córdoba) - USD/MXN moved with a downside bias during the European session and bottomed at 15.576 reaching the lowest level since September 21 amid risk appetite and a recovery in commodity prices.

23:00 05 October /2015 Forex

USD/JPY back above a key SMA

The 200-period simple moving average, immediate resistance on 4hr chart, was hurdled in recent USD/JPY trading.

The USD/JPY was quoting below this dynamic resistance for at least two weeks. Now it could target the 800-SMA on the upside.

22:23 05 October /2015 Forex

Has the correction in USD/SGD run its course?

Although positively aligned, the 50- and the 200-period SMAs see the USD/SGD quoting between both averages on 4H charts.

The shift from a steady rally to the unfolding of a corrective pattern has brought RSI below its 35% level, considered oversold territory in an otherwise bullish cont...

22:23 05 October /2015 Forex

AUD/USD upside running out of steam?

FXStreet (Guatemala) - AUD/USD is currently trading at 0.7084 with a high of 0.7111 and a low of 0.7042.

AUD/USD remains on the bid with a positive theme in October. We are up to test the 200 SMA on the 4hr...

22:23 05 October /2015 Forex

EM's in a fragile environment - TDS

FXStreet (Guatemala) - Analysts at TD Securities explained that after two horrendous months, EMs are trying to gain some traction on the heels of improving sentiment.

Key Quotes:

"Last week™s NFP in the US may have been the last nail in the coffin of Fed tightening risks ...

22:23 05 October /2015 Forex

GBP/USD hits fresh lows, finds support above Friday™s lows

FXStreet (Córdoba) - GBP/USD erased all post NFP gains, after falling a hundred pips from daily highs. The pair printed a fresh daily low at 1.5138 and it was trading 1.5150/52, slightl...

22:23 05 October /2015 Forex

Greek economy expected to contract 2.3% in 2015

FXStreet (Córdoba) - Greek economy is expected to contract 2.3% this year and 1.3% in 2016 according to Greek draft budget proposal.

Greek PM Tsipras says aims to restore liquidity and access capital markets within the next 20 months. He said he wants to implement a new economic mode...

22:00 05 October /2015 Forex

AUD/JPY consolidating on 85 handle, profits to be had before RBA?

FXStreet (Guatemala) - AUD/JPY is currently trading at 85.33 and remains better bid in the improved risk appetite that the markets are in post the Nonfarm Payrolls miss at the end of...

21:23 05 October /2015 Forex

Central Bank week; RBA to surprise? - BBH

FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that there are three major central banks that meet in the week ahead: the Reserve Bank of Australia, the Bank of Japan, and the Bank of England.

Key Quotes:

"None is expected to change policy.

21:23 05 October /2015 Forex

EUR/USD extends decline below 1.1200

FXStreet (Córdoba) - EUR/USD has continued to pull back during the American session as the greenback recovers ground amid no fundamental catalyst.

EUR/USD broke below the 1.12 mark and stretched to a low of 1.1173 ...

20:46 05 October /2015 Forex

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