It’s Wednesday already and we’re finally getting there. Markets have been fixated on the US CPI data release that will come later today, with the past two days featuring a bit more of a...
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Gold Technical Analysis: Gold Price Resisting the US Dollar
Despite the recovery of the US dollar during the recent trading sessions, the XAU/USD gold price is trying to hold its ground this week. The price of gold jumped towards the resistance level of 1788 dollars...
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USD/CAD Forex Signal: Loonie Strength to Accelerate
Bearish View Sell the USD/CAD pair and set a take-profit at 1.2700. Add a stop-loss at 1.2850. Timeline: 1-2 days. Bullish View Set a buy-stop at 1.2850 and a take-profit at 1.2950. Add a...
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All eyes on the Fed
Well, we’re one day closer to it now at least. But markets are not likely to find much conviction still until we get over the hump. US equities didn’t do a whole lot yesterday...
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GBP/USD Technical Analysis: Price of Sterling is Still Weak
Despite the halt in the US dollar’s gains, the gains of the GBP/USD currency pair did not exceed the 1.2063 level and settled around the 1.2000 level at the beginning of this important week’s...
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FX Majors Weekly Outlook (25-29 July)
Wednesday: FOMC Policy Announcement. Thursday: US Q2 Advance GDP. Friday: US PCE. We closed the last week with surprisingly awful US PMI data. The services index in particular fell much lower than expectations to...
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Dollar falls after depressing US data
Analysts are not attaching importance to today’s fall in the dollar, because other countries are also seeing early signs of an economic recession. Dollar index chart in 5 minute intervals The US dollar fell against...
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Easy come, easy go
Things looked good to kick start the new week initially but come day end, equities had a stinker as US indices limped to the finish line. The jitters came about after a report on Apple...
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MUFG’s 3 reasons to look for lower EUR/USD
“We expect the EUR to remain under downward pressure in the near-term driven by ongoing fears over disruption to the euro-zone economy from energy supply constraints and fragmentation risks. Those fears are unlikely to...
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USDCHF dips below the 200 hour MA
The USDCHF has ping-ponged between the 200 hour MA below and the 100 hour MA above in the US session. The 200 hour MA comes in at 0.97726. The 100 hour MA comes in at 0.98155....
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