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  • Can sickly sterling get a data pick me up | CMC Markets Ireland
    8 to 1 4 yesterday an 11 month high In a busy week for UK data we get the latest look at the labour market with the latest ILO unemployment numbers which are expected to remain at 5 2 for the three months to November though wage growth inc bonuses for the same 3 month period is expected to slow further from 2 4 to 2 1 In the US we will be getting the latest December CPI numbers which could give additional clues as to whether the Fed might be inclined to push interest rates up again in the coming months Core prices are expected to rise 2 1 up from 2 while headline CPI is expected to come in at 0 8 up from 0 5 EURUSD continues to remain supported just above the 1 0800 area and capped just below the 1 1000 level Only a move back below 1 0800 argues for a retest towards the 1 0600 level where we have trend line support from the all time lows posted in October 2000 at 0 8220 A break below 1 0600 could see a return to 1 0465 and last year s low GBPUSD the pound has continued to remain weak falling below its 2010 lows at 1 4225 and below 1 4200 to 1 4125 The next support lies near the 1 4000 area but we are currently hugely oversold which makes us susceptible to short squeezes We need to recover back through 1 4230 to stop the rot and stabilise for a rebound towards 1 4500 EURGBP continues to look well supported for a return to the 200 week MA at the 0 7900 level after breaking through the 0 7500 area last week Currently capped near the 0 7710 level Pullbacks are likely to find support back near the 0 7500 area USDJPY the recent rebound from the 116 65 area has so far struggled to overcome the 118 30 area needed to suggest a return towards the 120 00 area While below 118 40 the risk remains for a return to the 116 00 area CMC Markets is an execution only service provider The material whether or not it states any opinions is for general information purposes only and does not take into account your personal circumstances or objectives Nothing in this material is or should be considered to be financial investment or other advice on which reliance should be placed No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment security transaction or investment strategy is suitable for any specific person Sub menu Latest Blogs Oil truce sends WTI lower while stocks continue to recover North American traders return to oil production truce and fading China fears UK inflation in focus after McCafferty U Turn Stocks and oil rebound as positive news rebuilds confidence What s up with Yellen Gold and JPY today Open a live account Free demo account Losses

    Original URL path: http://www.cmcmarkets.ie/en/blog/2016/01/20/can-sickly-sterling-get-data-pick-me (2016-02-17)
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  • Weak inflation the main focus, while China disappoints. | CMC Markets Ireland
    oil price spike Further weak CPI data from the EU is likely to increase the pressure on the ECB to announce or at least signpost the prospect of further easing at this week s governing council meeting though it s hard to see what else the ECB can do to mitigate further declines in commodity price inflation which are likely to act as an economic boost to consumption in any case The final EU CPI number for December is expected to show prices at 0 2 with core prices at 0 9 With equity markets in Europe at multi month lows today s German ZEW investor expectations is expected to show a slowdown from December s 16 1 coming in at 8 2 EURUSD while the euro continues to find itself capped just below the 1 1000 level it is still finding support just above the 1 0800 area Only a move back below 1 0800 argues for a retest towards the 1 0600 level where we have trend line support from the all time lows posted in October 2000 at 0 8220 A break below 1 0600 could see a return to 1 0465 and last year s low GBPUSD the pound appears to be on its course for its lowest monthly close since 2002 closing in on its lowest levels since the 2010 lows at 1 4225 after falling below support at 1 4350 last week Falling below 1 4220 could well open up a test of the 1 4000 level We need to recover back through 1 4650 to stop the rot and stabilise for a rebound towards 1 4820 EURGBP the euro has continued its rally against the pound and looks set for a return to the 200 week MA at the 0 7900 level after breaking through the 0 7500 area last week Pullbacks are likely to find support back near the 0 7500 area USDJPY the recent rebound from the 116 65 area has so far struggled to overcome the 118 30 area needed to suggest a return towards the 120 00 area While below 118 40 the risk remains for a return to the 116 00 area CMC Markets is an execution only service provider The material whether or not it states any opinions is for general information purposes only and does not take into account your personal circumstances or objectives Nothing in this material is or should be considered to be financial investment or other advice on which reliance should be placed No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment security transaction or investment strategy is suitable for any specific person Sub menu Latest Blogs Oil truce sends WTI lower while stocks continue to recover North American traders return to oil production truce and fading China fears UK inflation in focus after McCafferty U Turn Stocks and oil rebound as positive news rebuilds confidence What s up with Yellen Gold and

    Original URL path: http://www.cmcmarkets.ie/en/blog/2016/01/19/weak-inflation-main-focus-while-china-disappoints (2016-02-17)
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  • Cable nears key multiyear support levels. | CMC Markets Ireland
    lowest monthly close since early 2002 Even in the midst of the financial crisis in early 2009 despite hitting lows of 1 3500 it still managed to close the month well above the 1 4200 level yet due to receding expectations of a rise in interest rates here in the UK it has slid over 7 5 since the beginning of November In fact in the last 30 years the last time the pound closed on a monthly basis below the 1 4100 level was way back in 1985 when it was on the way from recovering from its all time low against the US dollar at 1 0520 in March of that year In this context these levels do mark an important area of support for sterling which at current levels could prompt significant further losses as well as volatility in the short term if they were to give way to the downside For now the key support sits at 1 4220 which is the May 2010 lows in the aftermath of the UK General election hung parliament The material whether or not it states any opinions is for general information purposes only and does not take into account your personal circumstances or objectives Nothing in this material is or should be considered to be financial investment or other advice on which reliance should be placed No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment security transaction or investment strategy is suitable for any specific person Sub menu Latest Blogs Oil truce sends WTI lower while stocks continue to recover North American traders return to oil production truce and fading China fears UK inflation in focus after McCafferty U Turn Stocks and oil rebound as positive news rebuilds confidence What s up with Yellen Gold and JPY today Open a live account Free demo account Losses can exceed your deposits Dublin Trader Network This forum event will be hosted by our Chief Market Analyst Michael Hewson and guest speaker Paul Wallace in the Gresham Hotel Dublin Register now UK inflation in focus after McCafferty U Turn Posted 16 02 2016 05 40 by Michael Hewson Read more Further reading Trading from charts Relevant links FX trading examples Spread betting examples Spreads and margins US Earnings Season Trading costs CFD Trading Examples Risk management Previous platform Trading costs Pattern Recognition Facebook how low can Risks of spread betting Follow Us Close Spread bets and Contracts for Difference CFDs are leveraged products and carry a high level of risk to your capital as prices may move rapidly against you Losses can exceed your deposits and you may be required to make further payments These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice Back to top Spread betting CFD trading Forex Trading platforms Range of markets News and Analysis Education About CMC Legal Spread betting Why spread bet with CMC Markets Spread

    Original URL path: http://www.cmcmarkets.ie/en/blog/2016/01/18/cable-nears-key-multiyear-support-levels (2016-02-17)
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  • Uncertainty to continue as Iranian oil returns to the market | CMC Markets Ireland
    rather worrying There is also the fear that further declines in oil prices are likely to lead to forced liquidations from the very investors who have helped push global markets to the levels that they are now namely the sovereign wealth funds from the Gulf States as they look to mitigate the sharp falls in revenues closer to home Last year the Qatar sovereign wealth fund hit the headlines after suffering multi billion dollar losses on its stakes in Glencore and Volkswagen and given the additional declines seen already this year in some of its other holdings this could trigger further weakness EURUSD while the euro continues to find itself capped just below the 1 1000 level it is still finding support just above the 1 0800 area Only a move back below 1 0800 argues for a retest towards the 1 0600 level where we have trend line support from the all time lows posted in October 2000 at 0 8220 A break below 1 0600 could see a return to 1 0465 and last year s low GBPUSD the pound appears to be on its course for its lowest monthly close since 2002 closing in on its lowest levels since the 2010 lows at 1 4230 after falling below support at 1 4350 Falling below 1 4220 could well open up a test of the 1 4000 level We need to recover back through 1 4650 to stop the rot and stabilise for a rebound towards 1 4820 EURGBP the euro has continued its rally against the pound and looks set for a return to the 200 week MA at the 0 7900 level after breaking through the 0 7500 area last week Pullbacks are likely to find support back near the 0 7500 area USDJPY the recent rebound from the 116 65 area has so far struggled to overcome the 118 30 area needed to suggest a return towards the 120 00 area While below 118 40 the risk remains for a return to the 116 00 area CMC Markets is an execution only service provider The material whether or not it states any opinions is for general information purposes only and does not take into account your personal circumstances or objectives Nothing in this material is or should be considered to be financial investment or other advice on which reliance should be placed No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment security transaction or investment strategy is suitable for any specific person Sub menu Latest Blogs Oil truce sends WTI lower while stocks continue to recover North American traders return to oil production truce and fading China fears UK inflation in focus after McCafferty U Turn Stocks and oil rebound as positive news rebuilds confidence What s up with Yellen Gold and JPY today Open a live account Free demo account Losses can exceed your deposits Dublin Trader Network This forum event will be hosted

    Original URL path: http://www.cmcmarkets.ie/en/blog/2016/01/18/uncertainty-continue-iranian-oil-returns-market (2016-02-17)
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  • Wall Street rebound to prompt slightly higher European open. | CMC Markets Ireland
    of England the latest minutes from the European Central Bank showed a bank split down the middle on how much extra stimulus was needed to support the economy in Europe What was particular noteworthy was some comments from one unnamed official in separate comments reported by Reuters that the ECB has done its job created the space with exceptional accommodation Now it s time for others to do their job Given these divisions expectations of significant further stimulus from the ECB in the coming weeks may well be wide of the mark EURUSD the slide back from the 1 0970 highs this week has thus far held above 1 0800 and while we do so the risk remains for a move to 1 1100 Only a move back below 1 0800 argues for a retest towards the 1 0600 level where we have trend line support from the all time lows posted in October 2000 at 0 8220 A break below 1 0600 could see a return to 1 0465 and last year s low GBPUSD another fairly neutral day yesterday with the pound continuing to hold above the lows this week at 1 4350 and the 2010 lows at 1 4230 We need to recover back through 1 4650 to stop the rot and stabilise for a rebound towards 1 4820 EURGBP despite a brief push through the 0 7600 level the pound was unable to take out the 0 7595 area significantly and as such the risk remains for a sharp pullback At this point we could go either way but the risk remains for a move back towards the 0 7410 area with a break below arguing for a return to the 0 7280 area USDJPY the recent rebound from the 116 65 area has so far struggled to overcome the 118 30 area needed to suggest a return towards the 120 00 area While below 118 40 the risk remains for a return to the 116 00 area CMC Markets is an execution only service provider The material whether or not it states any opinions is for general information purposes only and does not take into account your personal circumstances or objectives Nothing in this material is or should be considered to be financial investment or other advice on which reliance should be placed No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment security transaction or investment strategy is suitable for any specific person Sub menu Latest Blogs Oil truce sends WTI lower while stocks continue to recover North American traders return to oil production truce and fading China fears UK inflation in focus after McCafferty U Turn Stocks and oil rebound as positive news rebuilds confidence What s up with Yellen Gold and JPY today Open a live account Free demo account Losses can exceed your deposits Dublin Trader Network This forum event will be hosted by our Chief Market Analyst Michael Hewson and guest

    Original URL path: http://www.cmcmarkets.ie/en/blog/2016/01/15/wall-street-rebound-prompt-slightly-higher-european-open (2016-02-17)
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  • Brent crude slide set to see lower European open. | CMC Markets Ireland
    weekly jobless claims which are expected to come in at 275k while the latest Fed speaker to break cover is St Louis Fed President James Bullard who is a voting member this year on the FOMC and who has been one of the more hawkish members recently Will he be as hawkish as in previous comments and fall into line with the convention that has seen argue for the prospect of four possible rate rises this year EURUSD the slide back from the 1 0970 highs this week has thus far held above 1 0800 and while we do so the risk remains for a move to 1 1100 Only a move back below 1 0800 argues for a retest towards the 1 0600 level where we have trend line support from the all time lows posted in October 2000 at 0 8220 A break below 1 0600 could see a return to 1 0465 and last year s low GBPUSD a fairly neutral day yesterday as the pound hovers above the 2010 lows at 1 4230 finding some interim support at 1 4350 We need to recover back through 1 4650 to stop the rot and stabilise for a rebound towards 1 4820 EURGBP the euro continues to find resistance near the 0 7550 area and while below the 0 7595 area the risk remains for a sharp pullback At this point we could go either way but the risk remains for a move back towards the 0 7410 area with a break below arguing for a return to the 0 7280 area USDJPY the recent rebound from the 116 65 area has so far struggled to overcome the 118 30 area needed to suggest a return towards the 120 00 area While below 118 40 the risk remains for a return to the 116 00 area CMC Markets is an execution only service provider The material whether or not it states any opinions is for general information purposes only and does not take into account your personal circumstances or objectives Nothing in this material is or should be considered to be financial investment or other advice on which reliance should be placed No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment security transaction or investment strategy is suitable for any specific person Sub menu Latest Blogs Oil truce sends WTI lower while stocks continue to recover North American traders return to oil production truce and fading China fears UK inflation in focus after McCafferty U Turn Stocks and oil rebound as positive news rebuilds confidence What s up with Yellen Gold and JPY today Open a live account Free demo account Losses can exceed your deposits Dublin Trader Network This forum event will be hosted by our Chief Market Analyst Michael Hewson and guest speaker Paul Wallace in the Gresham Hotel Dublin Register now UK inflation in focus after McCafferty U Turn Posted 16 02 2016 05 40

    Original URL path: http://www.cmcmarkets.ie/en/blog/2016/01/14/brent-crude-slide-set-see-lower-european-open (2016-02-17)
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  • Europe to open higher as China trade improves | CMC Markets Ireland
    but also given the recent sharp deterioration seen in the most recent manufacturing indicators for December from the ISM as well as the sharp drop in Chicago and Dallas manufacturing PMI s Will the Beige Book also reflect a deteriorating outlook for the manufacturing sector as illustrated by recent surveys EURUSD we got the move to 1 0950 overspilling towards 1 0970 before sliding back We need to see the euro hold above the 1 0820 level to suggest a further move higher towards 1 1100 Only a move back below 1 0800 argues for a retest towards the 1 0600 level where we have trend line support from the all time lows posted in October 2000 at 0 8220 A break below 1 0600 could see a return to 1 0465 and last year s low GBPUSD another disappointing day yesterday as the pound slid ever close to the 2010 lows at 1 4230 finding some interim support at 1 4350 We need to recover back through 1 4650 to stop the rot and stabilise for a rebound towards 1 4820 EURGBP the euro continues to find resistance near the 0 7550 area and while below the 0 7595 area the risk remains for a sharp pullback At this point we could go either way but the risk remains for a move back towards the 0 7410 area with a break below arguing for a return to the 0 7280 area USDJPY the recent rebound from the 116 65 area needs to get above the 118 30 area in the short term to suggest a return towards the 120 00 area CMC Markets is an execution only service provider The material whether or not it states any opinions is for general information purposes only and does not take into account your personal circumstances or objectives Nothing in this material is or should be considered to be financial investment or other advice on which reliance should be placed No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment security transaction or investment strategy is suitable for any specific person Sub menu Latest Blogs Oil truce sends WTI lower while stocks continue to recover North American traders return to oil production truce and fading China fears UK inflation in focus after McCafferty U Turn Stocks and oil rebound as positive news rebuilds confidence What s up with Yellen Gold and JPY today Open a live account Free demo account Losses can exceed your deposits Dublin Trader Network This forum event will be hosted by our Chief Market Analyst Michael Hewson and guest speaker Paul Wallace in the Gresham Hotel Dublin Register now UK inflation in focus after McCafferty U Turn Posted 16 02 2016 05 40 by Michael Hewson Read more Further reading Facebook how low can it go Relevant links Trading from charts Trading costs US Earnings Season New platform features Trading costs Trading costs Spread and margins Spreads and margins

    Original URL path: http://www.cmcmarkets.ie/en/blog/2016/01/13/europe-open-higher-china-trade-improves (2016-02-17)
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  • News and analysis | CMC Markets Ireland
    little in the way of A mixed UK outlook for 2016 but FTSE250 outperforms again Michael Hewson 22 12 2015 21 31 2015 has been a disappointing year for the UK benchmark with the FTSE100 once again being held back Europe to open higher as commodity prices stabilise Michael Hewson 22 12 2015 05 46 While supply adjustments continue there still remain no signs that the recent slide in oil prices Fed rally loses its force with Europe to open lower Michael Hewson 18 12 2015 05 52 s we come to the end of a choppy but positive week and the last full trading week of 2015 European UK banks struggle as regulatory burdens rise further Michael Hewson 17 12 2015 10 09 It s been a difficult few years for UK banks as they grapple with an abundance of issues on Fed hike could shift focus to the Bank of England Michael Hewson 17 12 2015 05 50 At last after what seems like the longest tap dance in history the Federal Reserve finally Currency Wars the Fed awakens Michael Hewson 16 12 2015 06 38 A long time ago in a land far far away the US Federal Reserve raised interest rates It happened in Will Janet push the button Michael Hewson 15 12 2015 09 59 It s been over nine years since the US Federal Reserve last raised interest rates so history could US CPI in focus as Fed starts two day meeting Michael Hewson 15 12 2015 05 46 Having come off the back of the worst week for stock markets since August last week equity markets Europe to open lower as weak oil prices drag Michael Hewson 10 12 2015 05 56 Despite spending most of yesterday trying to push higher UK markets slid back into the close after Weak commodity prices keep markets on edge Michael Hewson 09 12 2015 06 13 It was carnage in the commodity space as the roof fell in on the mining sector yesterday with the Super Mario crashes the kart Michael Hewson 08 12 2015 12 22 Last week s US employment report came in pretty much in line with what markets were hoping for Europe to open unchanged as oil prices hit a seven year low Michael Hewson 08 12 2015 05 52 If nothing else last week s US dollar sell off is telling us that the higher US dollar trade is Draghi disappoints as investors look to US jobs and OPEC Michael Hewson 04 12 2015 06 16 There was always the possibility that expectations surrounding yesterday s ECB meeting were going Are tech stocks hinting at another S P 500 rally Jasper Lawler 03 12 2015 13 35 The S P 500 has entered another period of consolidation following third quarter earnings season Pages first previous 1 2 3 4 5 6 7 8 9 next last Close Spread bets and Contracts for Difference CFDs are leveraged products and carry a high

    Original URL path: http://www.cmcmarkets.ie/en/market-analysis?created=&search_api_views_fulltext=&page=1&f[0]=field_blog_region%3A346 (2016-02-17)
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