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Gold prices posted a new high yesterday, briefly trading above $1300, last seen in January last year. However, the daily candlestick closed in a doji pattern which could see a near-term downside on a...
After a wide upthrust bar, also marked as heavy supply, on last Wednesday, the yen broke the support at 107.62 the day after. It broke with healthy volume, and the prices only stopped downtrending on...
With the exception of emerging market countries in trouble like Brazil and Russia, and complete hyperinflation basket cases like Venezuela, can anyone name a central bank that genuinely wants a...
Heads the RBA cuts, tails the RBA stays on hold!From the 24 Bloomberg economists surveyed, 10 have voted for a cut and the other 14 a hold. That is a true split down the middle and is as close as...
Welcome to my "Strength and Comparison" article for the coming month, the article "Ranking, Rating and Score" has also been published for this month.For analyzing the best pairs to trade looking from...
Last week the pair significantly fell amid weakening in the dollar, which was pressured by weak statistics from the US. The Consumer Confidence fell to 94.2 points, while the GDP growth amounted to...
Given that it was an otherwise boring and uneventful Monday market yesterday, let's notice that the US Dollar Index (DXY) pressed beneath its prior, significant pivot low at 92.63, established last...
Mario Draghi, President of the ECB, said on Monday that “ Today, faced with a persistent output gap and too-low inflation, our monetary policy is stimulating the economy by steering market rates...
Key Highlights · US dollar struggle continued against the Canadian dollar, as the USD/CAD pair remained in a downtrend. · There is a monster bearish trend line formed on the hourly...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.You’ve heard the old saying, 'sell in May and go away'. It’s a well-known investment strategy for stocks that...
The daily EUR/USD Forex chart is testing the October 15 lower high. The bears want a double top. The 6-day rally has been strong enough to make a 100-pip-tall trading range more likely this week than...
EUR outperformance as spot takes out 1.1500. USD soft all round, but JPY, AUD and CAD gains tempered near term. Cable holds off 1.4700 - just.No China or UK today, so relatively quiet markets though...
Stronger British pound may weigh on local companiesLower probability of Brexit from EU and the following pound strengthening may weight on the British companies. The exchange rate and stock market...
Currency Melt-Downs Don’t Usually Start with a Tap on a Price Channel Bottom and then Long Pause The dollar has put in an exact touch on its price channel bottom, pulled back a tad, and paused....
GBP/USDCurrently we are at 1.4677 after breaking out of the ascending wedge and a large range. This indicates we are finally trending. We are looking to continue to the 1.618 /Fibo at 1.4791 and stall...