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MACRO EVENTS & NEWS from HotForex | 2 of December

The USD traded mostly softer in Monday trade losing some ground following the November ISM missed expectations, while the U.S. stock market rallied in response to the weakness in the ISM index.... (Read more)

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The ECB's Dilemma

Experts predict that rates of inflation increase are too slow, in order to keep Draghi from continuation the usage of quantitative easing. This week all the market participants expect the ECB President's speech, which is going to increase incentives to enhance the natural growth and economic recovery.... (Read more)

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Rockefeller Treasury Services, Inc. Analytics | 2 of December

Today we get the ADP forecast of the private sector component of nonfarm payrolls on Friday. This often causes the major forecasters to adjust their own forecasts. Some analysts point out that Dec usually gets a seasonal effect.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 3 of December

Yesterday's domination of the dollar, which was reinforced by weak data on the euro area, did not leave any chance to counter-dollar currencies. In Britain, the PMI index for the construction sector in November fell from 58.8 to 55.3.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis | NZDUSD | 3 of December

Today we expect a huge volatility as we have ECB decision and press conference scheduled for 13:45 GMT. As I have stated many times regarding USD, there is a strength in USDx and there is a scope for EURUSD to proceed more down.... (Read more)

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The ECB's Top-Day

To date, the ECB has the following rates: refinancing - 0.05%, deposit rate - -0.20%, and rate on the loans of the ECB is 0.30%. Experts' forecast: the ECB is likely to decrease rates on deposits by 10 points, and increase the size and timing of QE program.... (Read more)

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Rockefeller Treasury Services, Inc. Analytics | 3 of December

Today it’s all Draghi, all day, at least until we all start obsessing about tomorrow’spayrolls. The ECB policy decision will be made at 7:45 am ET and the Draghi pressconference follows at 8:30 am ET—an inconvenient time for us since we promise to publish by8:30-8:45 am ET. We can’t wait for Draghi.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 4 of December

Let's first try to analyze yesterday's macroeconomic data and then compare it with what happened. PMI index for the services sector in euro zone, as expected, were published worse than predicted values.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis from EW-Forecast | AUDUSD / AUDNZD | 4 of December

From bullish USD perspective, our favorite pair can be AUDUSD if we consider that upside was limited despite very strong move up on EURUSD. So this tells us that USD is actually not so weak in general; it’s only the EUR that got strong.... (Read more)

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The OPEC will leave oil production unchanged

All this week market was looking forward to 168th meeting of the OPEC, where we will learn whether the cartel saves the oil production quotas unchanged at 30 million barrels a day or not.... (Read more)

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Rockefeller Treasury Services, Inc. Analytics | 4 of December

Today we barely have time to finish licking our wounds from the Draghi disappointment before payrolls will be upon us. As in the Draghi case, the FX market outcome hinges on the variance between expectations and actuals.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 7 of December

On Friday, the good macroeconomic data from the US were able to slow down the growth of the euro and the pound. It is too early to talk about the obvious dollar buying, but the massive closure has already occurred.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis from EW-Forecast | USDJPY / GOLD | 7 of December

USDJPY found some support on Friday following good NFP figures, so we assume that pair completed wave e) of a triangle in wave (iv). If we are correct, then price should take wave d) highs out very soon which will open door for 124.50-125.00 area this month.... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis | USDCAD | 7 of December

The unemployment in Canada rose to 7.1 % and CAD weakened. On the contrary US NFP results came better than expected and Unemployment rate is steady which is another step towards the rate hike in December.... (Read more)

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Life of the oil market after breaking through $40 a barrel

At the recent meeting of OPEC, countries failed to agree even to a formal restriction on oil production. In this regard, oil prices continue to fall below $40 per barrel.... (Read more)

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Rockefeller Treasury Services, Inc. Analytics | 7 of December

Leading into next week’s Fed decision, we have the Bank of England (Thursday) and some decent US data—consumer credit today, the JOLTS job turnover report (tomorrow) and Friday, PP and retail sales. It’s hard to imagine anything here staying the Fed’s hand.... (Read more)

Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD / GBPUSD | 8 of December

Unexpectedly weak data on changes in German Industrial Production (increase of only 0.2%), which were released yesterday, did not give to enter the counter-dollar currencies to a consolidation phase. Yesterday's session was closed by common minus for all competitors of "American."... (Read more)

Daily Technical & Fundamental Analysis

Daily Analysis from EW-Forecast | USDCAD / EURUSD | 8 of December

USDCAD is trading nicely to the upside, now already in wave (v) so upside can be limited. We see some important Fibonacci levels around 1.3570 where pair can be looking for a top, but maybe only temporary.... (Read more)

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OPEC's decision has touched Asian stock markets

Stock Market of the Asia-Pacific region continues to remain under pressure amid strong "turbulence" in the market of raw materials. However, the crude oil attempted to recover after a sharp decline during the last day.... (Read more)

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Rockefeller Treasury Services, Inc. Analytics | 8 of December

Now that Japanese and eurozone GDP revisions are in, we turn to US data but the plate is nearly bare—just JOLTS, always interesting but not a market-mover. That gives us time to consider the Fed’s rate hike and what it means.... (Read more)