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Date archive forAugust, 2014
We remain neutral until we see a clear break of either the support, or the resistance provided by the trend lines of the triangle pattern.
By ProfitEase.com On Sunday, August 31st, 2014
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Gold – Weekly Technical Analysis (01.09.2014-05.09.2014)

Gold’s range is becoming even tighter, squeezed by the diagonal support and resistance of the symmetrical triangle the yellow metal has been trading in for the last eight months. Last week XAUUSD bounced up from More...

Although the 104.10 resistance has not been breached by a daily close above it yet, we favor a bullish scenario for USD/JPY.
By ProfitEase.com On Sunday, August 31st, 2014
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USD/JPY – Weekly Technical Analysis (01.09.2014-05.09.2014)

Although the 104.10 resistance has not been breached by a daily close above it yet, we favor a bullish scenario for USD/JPY. This week we expect the pair to break through the aforementioned level and head toward More...

After the protracted selloff from 1.7190, the GBP/USD found support at 1.6535. The double bottom it made on that level is a clear reversal signal, at least for the near term.
By ProfitEase.com On Sunday, August 31st, 2014
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GBP/USD – Weekly Technical Analysis (01.09.2014-05.09.2014)

After the protracted selloff from 1.7190, the GBP/USD found support at 1.6535. The double bottom it made on that level (see chart) is a clear reversal signal, at least for the near term. We expect a break through More...

Our EUR/USD expectations for this week are for a further decline toward the 1.30 support area.
By ProfitEase.com On Sunday, August 31st, 2014
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EUR/USD – Weekly Technical Analysis (01.09.2014-05.09.2014)

The EUR/USD slid to a one-year low last week, touching 1.3133 and then retreating just a few pips for a weekly close of 1.3138. The pair is trading below both its 50-day and 200-day Moving Average, which are currently More...

The fluctuation between risk appetite, also known as “risk on”, and risk aversion, dubbed “risk off”, is a daily changing sentiment on the market.
By ProfitEase.com On Sunday, August 31st, 2014
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Risk aversion versus risk appetite

The fluctuation between risk appetite, also known as “risk on”, and risk aversion, dubbed “risk off”, is a daily changing sentiment on the market. Difficult as it may seem to get insight into risk sentiment, More...

Alibaba decided in favor of the NYSE for its IPO, not being persuaded by Nasdaq’s insistence it has taken measures to prevent another Facebook-type debut from occurring.
By ProfitEase.com On Saturday, August 30th, 2014
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Alibaba debut on NYSE expected the week starting September 8

E-commerce company Alibaba is expected to come on New York Stock Exchange with an IPO that can raise over $20 billion, which will make it the largest technology listing ever in the US. Alibaba Group Holding Ltd.,a More...

EUR/USD consolidated following euro zone CPI data but endured losses after the US data releases later on Friday
By ProfitEase.com On Friday, August 29th, 2014
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EUR/USD consolidated following euro zone CPI data but endured losses after the US data releases later on Friday

The EUR/USD consolidated above 1.3150 following a consumer price inflation report for the euro zone, which matched expectations; the following US PCE and Consumer Confidence data dealt a blow to the euro. The EUR/USD More...

Google seems to be in the final stage of implementing its recently disclosed project of manufacturing aerial drones for delivery of goods.
By ProfitEase.com On Friday, August 29th, 2014
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Google developing aerial drones to make pilotless deliveries of goods

Google seems to be in the final stage of implementing its recently disclosed project of manufacturing aerial drones for delivery of goods. News were released that Google was in the development stage of aerial pilotless More...

US President Obama stated no US strategy on the ISIL threat was ready yet, and reassured he was not going to act without obtaining support from Congress.
By ProfitEase.com On Friday, August 29th, 2014
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Obama says no broad US strategy against Islamic State is developed yet

US President Obama stated at the White House news conference no US strategy on the ISIL threat was ready yet, and reassured he was not going to act without obtaining support from Congress. US President Obama spoke More...

The basic forex concepts, which every trader should be aware of, explained.
By ProfitEase.com On Friday, August 29th, 2014
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Some forex basics

Spot Rate Spot rate denotes the market price of one currency with respect to another.All currencies’ spot rates against the US dollarare basic spot rates, and the remainder are cross rates. Major currencies include More...

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