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Renminbi Series: Paperwork Vs. Forex Quota Reset

Effective January 1st 2017, China’s foreign exchange regulator stepped up its scrutiny on individual foreign exchange purchases, a move that is aimed to fight the historic decline of the yuan against the dollar, which has declined more than 15 pe…

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Daily analysis of major pairs for January 2, 2017

EUR/USD: Bears made
an effort to push down the market further last week, but that effort was rejected
at the support line of 1.0400. Price went upwards 270 pips from there, topping
at 1.0653, before retracing a bit. The rally has generated a bullish si…

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Estonia Retail Sales Growth At 6-month High

Estonia’s retail sales rose for a fourth successive month in November and at the fastest pace in six months, preliminary data from Statistics Estonia showed Monday.

The volume of retail turnover excluding automobile trade grew 7 percent year-on-year…

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Elliott wave analysis of EUR/NZD for January 2, 2017

Wave summary:After a smaller than expected 38.2% correction in wave [ii], we are now looking for an extended rally in wave [iii] towards 1.5911. Short-term, we expect minor support near 1.5080 will continue to protect the downside for a rally above res…