Buz Investors ASIAN SESSION The dollar remains relatively strong, posting gains against most major counterparts with the exception of the euro which was helped in the aftermath of yesterday’s ECB meeting and subsequent press conference

ASIAN SESSION – GOLD EXTENDS LOSSES; ALL EYES ON US JOBS REPORT

 

ASIAN SESSION – GOLD EXTENDS LOSSES; ALL EYES ON US JOBS REPORT

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Buz Investors ASIAN SESSION The dollar remains relatively strong, posting gains against most major counterparts with the exception of the euro which was helped in the aftermath of yesterday’s ECB meeting and subsequent press conference by its President, Mario Draghi. As a result of dollar strength, gold was pushed below $1200 an ounce.

The European Central Bank signaled yesterday it currently does not plan to take further accommodative measures to boost the Eurozone economy as there are positive signs on the horizon. This helped a euro that was already strong due to favorable developments on the political front; namely Emmanuel Macron gaining in the polls against anti-EU rival Marine Le Pen.



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ASIAN SESSION

The dollar continued to post losses against the euro during today’s Asian trading, though more moderate ones relative to yesterday’s European session trading. Euro / dollar was eyeing the 1.06 level in late Asian session. Relative to the yen, the greenback advanced yet again, this time surpassing the 115 yen level and setting a new seven-week high.

Investments out of Japan and into the US currency are partly coming on the back of rising US Treasury rates. Treasury yields extended their run with the 10-year note rate advancing for a tenth day to climb above the 2.6% mark, posting its longest streak since 1974.

Gold is extending its losses for a fifth straight day to record its longest losing run since October last year. The precious metal has been losing its attractiveness on improving expectations about the US economy, which are leading to a stronger dollar. Today it slid below the $1200 an ounce psychological level to reach a low of $1196.71, while in late Asian session it was close to its lows.

WTI crude oil rose from the three-month low reached recently but remains below the $50 a barrel level.

Further ahead, the main highlight of the day would be the much-awaited US jobs report with employers expected to have added 190,000 workers to payrolls, according to a poll by Reuters. The Canadian jobs report and manufacturing data out of the UK will also be on the watch list.




major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




Buz Investors CRM Stock Eyes AI Salesforce.com, Inc (NYSE:CRM) remained in the limelight in the second half of last year on account of the company’s potential interest in buying Twitter Inc (NYSE:TWTR).

CRM Stock Eyes AI Push With IBM Watson

CRM Stock Eyes AI Push With IBM Watson

CRM Stock to Move Higher as AI Leads to More Market Penetration

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Buz Investors CRM Stock Eyes AI Salesforce.com, Inc (NYSE:CRM) remained in the limelight in the second half of last year on account of the company’s potential interest in buying Twitter Inc (NYSE:TWTR).

The year 2017 has begun on a strong note for CRM stock, which has gained almost 22% year-to-date, whereas the broader S&P 500 index has inched up by about six percent. Salesforce CEO Marc Benioff has been pushing the company into artificial intelligence (AI) technology, which has helped the recovery of Salesforce stock.



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CRM Stock Eyes AI

In September 2016, Salesforce.com had unveiled “Einstein,” a new AI technology for its sales software unit. The technology enables users to predict and personalize software in sales, service, marketing, and other areas.

The integration of Salesforce and IBM AI technology will help customers in a number of ways. For example, a retailer could automatically send highly personalized and localized e-mail campaigns to shoppers by combining local shopping patterns, weather, and retail industry data from Watson with the customer-specific shopping data and preferences from Einstein.

As part of this agreement, IBM will deploy Salesforce’s “Service Cloud” across the company to transform its global product support services. The integration of IBM Watson with Einstein is expected to be available in the second half of 2017.

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Buz Investors EURUSD Marginally Higher A very light economic calendar and some easing political concerns are resulting in a modest gain in EUR/USD in today’s trading. The pair is currently at 1.0619, up 0.10% over Friday’s close.

EURUSD Euro Edges Higher, Markets Eyes US Durables

EURUSD Euro Edges Higher, Markets Eyes US Durables

Buz Investors Euro Edges Higher This morning at 10:40 GMT, the EUR is trading at 1.0583 against the USD, 0.24% higher from the New York close.

EURUSD

Buz Investors  Euro Edges Higher This morning at 10:40 GMT, the EUR is trading at 1.0583 against the USD, 0.24% higher from the New York close. Earlier today, data indicated that the Eurozone’s final consumer confidence index dropped in February, in line with the flash estimates. This morning, the pair traded at a high of 1.0591 and a low of 1.0549. The Euro traded 0.51% lower against the US Dollar in the New York session on Friday, with the pair closing the session at 1.0558. The pair is expected to its find support at 1.0549 and its first resistance at 1.0617.




 

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 Euro Edges Higher

  Eurozone’s final consumer confidence index dropped in February, in line with the flash estimates.

EUR/USD has posted slight gains in the Monday session. Currently, the pair is trading at 1.0580. On the release front, Eurozone Private Loans increased by 2.2%, above the estimate of 2.1%. M3 Money Supply edged lower to 4.9%, matching the forecast. The US starts off the week with durable goods orders reports and Pending Home Sales. On Tuesday, the US releases Preliminary GDP and CB Consumer Confidence. As well, President Trump will address a joint session of Congress.

There was good news for the eurozone on Monday, as bank lending to eurozone households improved for a third straight month, rising to 2.2% in January. Lending has been moving upwards since 2015, but has only recently shown strong gains. This could be a sign that the ECB’s stimulus program is finally bearing results. The central bank recently extended the QE program until December and is unlikely to end it earlier. Meanwhile, M3 Money Supply, which measures growth in the amount of money circulating in the eurozone, slowed to 4.8%, down from 5.0% a month earlier. This indicator is closely watched, as it often predicts economic activity.



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




USDJPY Yen Steady Ahead of US Housing, Manufacturing Reports

USDJPY up 0.64% on the day at 113.62, eyes on Fed

USDJPY up 0.64% on the day at 113.62, eyes on Fed

Buz Investors USDJPY up This morning, at 10:40 GMT, the US Dollar is trading at 113.35 against the Yen, 0.5% higher from the New York close. Overnight data revealed that Japan’s final Nikkei manufacturing PMI rose in January.

USDJPY

Buz Investors USDJPY up This morning, at 10:40 GMT, the US Dollar is trading at 113.35 against the Yen, 0.5% higher from the New York close. Overnight data revealed that Japan’s final Nikkei manufacturing PMI rose in January. During the session, the pair traded at a high of 113.62 and a low of 112.61. Yesterday, the US Dollar traded 0.38% lower against the Yen in the New York session and ended at 112.79. The pair is expected to its find support at 112.29 and its first resistance at 114.16.

Japan’s final Nikkei manufacturing PMI rose in January

is trying out the upside towards the 2 hundred SMA with a chain of bullish sticks on the one hour chart. currently, USD/JPY is buying and selling at 113.62, up zero.sixty four% on the day, having published a day by day high at 113.96 and low at 112.sixty four.

ISM employment index and ADP factor to sturdy Jan payrolls – ING

The flow up to now is a correction of the downward fashion from the one hundred fifteen take care of in which resistance held the pass on three occasions since the first week of January. The yen is choosing up on a hazard-off play because of Donald Trump‘s priorities not being as favorable for worldwide markets and indeed the U.S. greenback.



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USDJPY up

 

The market is behaving in stark assessment to what we had anticipated from a Trump presidency at the start of this year in which markets had otherwise been speculating that Donald Trump could have prioritized seasoned-commercial enterprise rules and fiscal spending first and setting American workers again to work, growing an inflationary surroundings for which the Federal Reserve could want to live on their toes and war with a steepening yield curve. further, worldwide equities were predicted to were buoyed by way of elevated fiscal spending inside the united states of america financial system.

major currencies: (EUR-USD) (USD-JPY) (GBP-USD) (USD-CHF), (USD-CAD), (AUD-USD)




AUDUSD flirting with 2-month lows

$AUDUSD still bullish, eyes on 0.7630

AUDUSD still bullish, eyes on 0.7630

AUDUSD

  • Buz Investors AUDUSD still bullish The pair is trading at 0.7541 at 10:40 GMT this morning, with the Australian Dollar trading 0.49% lower against US Dollar from the New York close,
  • after early morning data revealed that Australia’s inflation rose at a slower than expected pace in the fourth quarter. This morning, the pair traded at a high of 0.7598 and a low of 0.7511.
  • The Australian Dollar traded 0.12% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7578. The pair is expected to its find support at 0.7500 and its first resistance at 0.7593.




AUDUSD still bullish

Buz Investors AUDUSD still bullish The pair is trading at 0.7541 at 10:40 GMT this morning, with the Australian Dollar trading 0.49% lower against US Dollar from the New York close, after early morning data revealed that Australia’s inflation rose at a slower than expected pace in the fourth

AUDUSD still bullish FX Strategists at UOB group remain bullish at the Aussie dollar, waiting for a check of the 0.7630 place.

Key quotes

“in line with expectation, AUD moved above 0.7600 but did no longer have sufficient momentum to assignment the principal

 

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AUDUSD still bullish

resistance at 0.7630 (high of zero.7609). the following choppy trading has led to a blended outlook but the typically high quality undertone suggests that some other try and circulate closer to zero.7630 could no longer be sudden”.

“while AUD appears to be suffering to move surely above zero.7600, the bullish section that began weeks in the past continues to be intact. handiest a flow beneath the forestall-loss at zero.7520 (adjusted higher from zero.7490) could imply that an intervening time top is in area. A clear destroy above 0.7630 ought to lead to acceleration better in the direction of zero.7700”.

major currencies: (EUR-USD) (USD-JPY) (GBP-USD) (USD-CHF), (USD-CAD), (AUD-USD)




Buz Investors XAUUSD Gold Prices Higher Gold prices edged higher on Monday’s session, marking its strongest level in two months as investors are closely watching on the most anticipated speech by British Prime Minister Theresa May and the inauguration of the U.S. President-elect Donald Trump later this week.

$XAUUSD Gold Prices Higher, All Eyes on Yellen

Gold Prices Higher, All Eyes on Yellen

Gold

  • Buz Investors XAUUSD Gold Prices Higher   iGold is trading at $1203.50 per ounce at 10:40 GMT this morning, marginally lower from the New York close.
  • This morning, the precious metal traded at a high of $1206.40 per ounce and a low of $1197.10 per ounce. Yesterday, gold traded 0.66% lower in the New York session and closed at $1203.70 per ounce, after the Fed Chair, Janet Yellen, signaled that the central bank is poised to follow a steady-path of interest rate hikes this year.
  • Immediate downside, the first support level is seen at $1194.97 per ounce, while on the upside, the first resistance level is at $1214.17 per ounce.




XAUUSD Gold Prices Higher 

Buz Investors XAUUSD Gold Prices Higher iGold is trading at $1203.50 per ounce at 10:40 GMT this morning, marginally lower from the New York close. This morning, the precious metal traded at a high of $1206.40 per ounce and a low of $1197.10 per ounce.

XAUUSD Gold Prices Higher  Gold charges had been better on Wednesday’s near as market players have been intently watching at the inaugural speech by way of President-choose Donald Trump, along with Fed Chair Janet Yellen’s remarks in the direction of monetary regulations.

at the Comex department of the big apple Mercantile exchange, gold for February delivery won around zero.11% and stood at $1,214.15 a troy ounce. Gold prices endured stronger, with seven consecutive

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XAUUSD Gold Prices Higher

profits on Tuesday, marking its longest profits given that November. It changed into led by way of a weaker U.S. dollar amid persistent uncertainty over Trump’s monetary guidelines.

based at the reports, the dollar declined to a five-week low towards most important friends after the U.S. dollar changed into warned via Trump as “too sturdy.” seemingly, Trump’s financial advisor Anthony Scaramucci reaffirmed that sentiment on Tuesday, citing warnings over the chance of a resilient dollar.

Trump has additionally tagged the border adjustment provision, a feature of the residence Republican’s plan that might location taxes on imports and exempt exports as “too complicated.”

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USDCAD US Dollar rose against CAD BOC key interest rate unchanged

USDCAD CREEPING HIGHER WITH EYES FOR 1.32 HANDLE

USDCAD CREEPING HIGHER WITH EYES FOR 1.32 HANDLE

Buz Investors USDCAD CREEPING HIGHER Currently, USD/CAD is trading at 1.3180, down -0.05% on the day, having posted a daily high at 1.3189 and low at 1.3172.

Buz Investors USDCAD CREEPING HIGHER Currently, USD/CAD is trading at 1.3180, down -0.05% on the day, having posted a daily high at 1.3189 and low at 1.3172.

We had a US holiday today and much of the tone was risk -off, favouring the greenback to some degree after yesterdays crash in the pound again on the open of early Asia in thin trade.

Market wrap: risk aversion increasing, watching sterling – Westpac

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USDCAD CREEPING HIGHER

We look to Wednesday’s Bank of Canada policy decision for domestic events for CAD, that will be accompanied with a statement, and MPR forecast update. “We remain CAD bears on the basis of relative central bank policy and look to CAD weakness into and through Wednesday’s BoC…OIS are still pricing roughly 5bpts of tightening over the next 12 months, leaving CAD vulnerable to weakness in the event of a moderation,” explained analysts at Scotiabank, adding, “We hold a bearish CAD forecast looking to 0.71 for end-Q2.”

US dollar ends higher, consolidating around 101.50

USD/CAD levels

USD/CAD has been climbing higher and away from the support of the 200 day MA support at 1.3146. “We  anticipate gains through 1.3180 toward the mid-1.32s,” offered analysts at Scotiabank.

Spot is presently trading at 1.3180, and next resistance can be seen at 1.3187 (Daily Open), 1.3189 (Daily High), 1.3190 (Yesterday’s High), 1.3194 (Daily Classic R2) and 1.3212 (Hourly 200 SMA). Support below can be found at 1.3172 (Daily Low), 1.3165 (Hourly 100 SMA), 1.3162 (Daily Classic R1), 1.3153 (Hourly 20 EMA) and 1.3151 (Weekly Classic PP).

major currencies: (EUR-USD) (USD-JPY) (GBP-USD) (USD-CHF), (USD-CAD), (AUD-USD)




AUDJPY in overall uptrend, eyes December’s 11-month high

AUDJPY in overall uptrend, eyes December’s 11-month high

AUDJPY in overall uptrend, eyes December’s 11-month high

AUDJPY in overall uptrend, eyes December’s 11-month high

AUDJPY has been posting some daily losses (including in today’s trading session so far) but it’s been in an uptrend since virtually the beginning of the second half of 2016.

Prices for the pair are currently above both the 50-day moving average (MA) and the 200-day one, while a bullish cross was recorded as well (start of December) with the 50-day MA crossing above the 200-day one. Both these facts are indicative of the positive sentiment that is currently in place for the medium-term outlook.

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AUDJPY in overall uptrend

The RSI and stochastics indicators are reinforcing the upward bias previously mentioned. The RSI is currently in bullish territory at 58, while (as regards the stochastics) the %K line is also in bullish territory, at 68, and it has recently crossed above the slow %D line, marking an additional signal for upward movement further ahead in the near term. However, it is worth pointing out that if we were to extrapolate the current movement of the %K and %D lines, the two would cross again, this time forming a bearish signal (with the %K line below the %D). A near term downward movement could take place should this materialize.

The price at the time of writing is at 85.542. On the upside, the 11-month high of 87.520 set on December 12 is expected to act as a resistance level, while on the downside immediate support could come at the 50-day MA, currently at 83.970. Should that level be breached, it will bring into scope the 200-day MA at 80.140.

 

major currencies: (EUR-USD) (USD-JPY) (GBP-USD) (USD-CHF), (USD-CAD), (AUD-USD)




Gold edges down on US interest rate optimism

Gold resumes losing path with eyes on Fed

Gold resumes losing path with eyes on Fed

Gold

  • Buz Investors Gold resumes losing  Gold is trading at $1159.40 per ounce at 10:40 GMT this morning, 0.41% lower from the New York close.
  • This morning, the precious metal traded at a high of $1167.00 per ounce and a low of $1158.90 per ounce.
  • Yesterday, gold traded 0.63% higher in the New York session and closed at $1164.20 per ounce, amid a broad weakness in the greenback.  Immediate downside, the first support level is seen at $1153.83 per ounce, while on the upside, the first resistance level is at $1166.43 per ounce.

Gold resumes losing

Buz Investors Gold resumes losing Gold is trading at $1159.40 per ounce at 10:40 GMT this morning, 0.41% lower from the New York close. This morning, the precious metal traded at a high of $1167.00 per ounce and a low of

Gold resumes losing Gold futures declined Tuesday, a casualty of the “risk-on” sentiment among investors that’s included a record-setting stock climb, higher oil prices and a stronger dollar, as the Federal Reserve prepares to raise interest rates for the first time in 12 months.

Gold for February delivery GCG7, -0.54%  fell $5.70, or 0.5%, to $1,160.10 an ounce—

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Gold resumes losing 

poised to log their lowest level in about 10 months. With higher Fed rate increases well priced into financial markets, the precious metal suffered five weekly losses in a row through last Friday, settling that day at $1,161.90 at its lowest level since early February.

The Dow Jones Industrial Average DJIA, +0.45%  showed no sign of breaking its record run, even as investors braced for the restart of interest-rate hikes that could eventually slow business expansion.

Having telegraphed its desire to remove accommodative monetary policy, the Fed is widely expected to raise rates by a quarter point at the end of two-day meeting on Wednesday. Higher rates typically cause the dollar to strengthen, which often weighs on commodities, including gold, priced in dollars. Rate increases tend to send investors away from gold because it doesn’t pay interest.

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