July 2, 2022
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Technical Analysis

Price velocity intensifies as speculation hits

by on October 19, 2021 0

USD / PKR continues to record new highs as bullish momentum increases and yesterday’s price velocity shows signs of speculation. Advertising USD / PKR is trading above 172.0000 as of this writing, and the possibility that speculative elements are now having an effect on the Forex pair as technical weakness is demonstrated is likely...

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Oil goes up on coal, gold under pressure

by on October 18, 2021 0

Coal lifts oil in Asia Hong Kong coal futures jumped 9.0% this morning, meaning the energy crisis in China has returned to investors’ minds. It also pushed up oil prices in Asia, with Brent crude rising 0.80% and WTI increasing 1.0%. Oil prices continued to climb on Friday, with no sign of OPEC +...

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Mixed picture of US equities

by on October 9, 2021 0

S&P 500 WEEKLY FORECAST: SLIGHTLY DOWN S&P 500 TECHNICAL PERSPECTIVES After hitting an all-time high last month, the S&P 500 established lower highs and lower lows sequentially amid waning buy interest, only as the Fed prepares for refine its asset purchase program. Ethe price action model shown in daily chart is a bit bearish...

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Facebook drops 4% on outages and hate speech issues

by on October 5, 2021 0

Facebook’s stock price (#FB) fell more than 4% yesterday as its services including Instagram, WhatsApp, Messenger and Oculus suffered an outage with downtime reported to be greater than six hours, causing considerable unrest for its users. According to Facebook, the outage was caused by a configuration issue and the company believes that no user...

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U.S. government shutdown negotiations at a glance

by on September 30, 2021 0

Market players today We expect the US Congress to pass a short-term funding bill before the deadline of midnight U.S. Time, which would avoid a government shutdown on Friday. On economic data, we will have both German inflation and unemployment figures for September. Weekly jobless claims are released for the United States and the...

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EUR / USD forecast: October 2021

by on September 28, 2021 0

Below the 1.16 level then we have a clear sell signal, but above the 1.1750 level there is a possibility that we will resume the action that we have seen for several months. Advertising The euro fell for most of September, hitting the 1.17 level. That being said, we are sitting on top of...

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Important support ratios seem rather vulnerable

by on September 27, 2021 0

Significant levels of medium-term support are being tested after the last sell-off in BNB / USD and nervous speculators could become increasingly anxious. Advertising BNB / USD is hovering near the 350.0000 level and showing its standard dose of rather volatile trading results. The downtrend within Binance Coin is rather demonstrative and until resistance...

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Volatile opportunities as contested top stocks

by on September 23, 2021 0

USD / MXN is crossing a higher price range and volatility has erupted in the short term as global market conditions created nervous sentiment. Advertising Latin American currencies can give big price movements.Trade them with our featured broker. Let’s trade now! USD / MXN is hovering above the 20.0000 junction as of this writing....

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GBP / USD Forex Signal: Bearish Below 1.3700

by on September 22, 2021 0

The GBP is getting relatively weaker. Last Monday’s GBP / USD signal was not triggered as there was no bullish price action when the support level identified at 1.3674 was first reached that day. Today’s GBP / USD Signals Risk 0.75%. Transactions can only be completed between 8:00 a.m. and 5:00 p.m. London time...

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High-end intact and bullish momentum remain

by on September 21, 2021 0

USD / PKR remains in the upper bounds of its upper range and bullish sentiment likely continues to be encouraged by speculators who like to bet on the currency pair. Advertising USD / PKR remains within the limits of its all-time highs and that is unlikely to change anytime soon. As of this writing,...

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BoJ meeting, Japanese elections and yen

by on September 17, 2021 0

With a Bank of Japan meeting on Tuesday and an election between parties to decide who will succeed Prime Minister Suga later this month, the yen may finally enjoy some volatility. The central bank is unlikely to disrupt the waters as the economy remains trapped in deflation, so the yen’s fortunes will primarily be...

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Silver Price Forecast: Towards August Low?

by on September 16, 2021 0

Silver Price Outlook: As the yields of the US dollar and the US Treasury rise higher, silver prices have plunged. The latest batch of US economic data suggests the economy is overcoming concerns about delta variants, increasing the chances of a Fed cut announcement soon. Recent changes in sentimentsuggest that silver prices have a...

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Consolidation in high-end short-term plots

by on September 15, 2021 0

The USD / INR remains in the vicinity of the higher prices it has been through in recent days and its recent consolidation may signal further action. Advertising The Rupee has been extremely popular lately – don’t miss out on these great opportunities! Let’s trade now USD / INR has produced a narrower range...

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The result of the week: Delta’s fault

by on September 4, 2021 0

Highlights in the United States US job growth slowed to 253,000 in August, well below market expectations for an impression of 720,000. But the report also had many bright spots. The unemployment rate fell to 5.2% from 5.4%, while wage growth accelerated to 4.3% (year-on-year) from 4.1%. Progress in picking up jobs in leisure...

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NZD / USD Forex Technical Analysis – Confirmation of Closing Price Reversal Shifts Momentum to Higher

by on August 23, 2021 0

The New Zealand dollar edged higher on Monday morning as risk appetite improved with winning stocks and benchmark government bond yields rising. Initial strength is likely fueled by short hedging and squaring of positions after the currency rout last week. Last week, the Kiwi fell to a multi-month low after the Reserve Bank of...

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Weekly Foreign Exchange Outlook

by on August 22, 2021 0

Major developments The FOMC minutes of the Federal Reserve’s July meeting released, indicate a willingness to start cutting asset purchases before the end of the year. The Eurozone consumer price index for July stood at 2.2% on an annual basis, reaching the flash estimate of 2.2%. Euro area GDP grew by 2% (tq) in...

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Australia rallies after CPI as expected

by on August 12, 2021 0

At this point, I still suspect that ending rallies in the short term is the way to go. Publicity The US Consumer Price Index came out as expected on Wednesday, showing that while there is inflation, it is not accelerating. Because of this, the US dollar was sold off a bit and this manifested...

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GBP / USD technical analysis: possible rise

by on August 11, 2021 0

GBP / USD is moving within a very narrow range in light of the pound’s stubbornness against the strength of the US dollar. The dollar strengthened after impressive US employment figures, which showed the extent of the rapid economic recovery from the effects of the epidemic, paving the way for Federal Reserve policy tightening....

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Gold forecast: noisy behavior ahead

by on July 23, 2021 0

If you are a short term trader, you can look at the gray box on the chart as a potential trading range that you might be involved with. Publicity Is it time for YOU to trade gold?Don’t let fear prevent profits! Trade Gold Now! Gold markets fell significantly during Thursday’s trading session to reach...

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Risk aversion in favor of the yen

by on July 20, 2021 0

Risk aversion persists as an increase in coronavirus infections in many countries has raised concerns about slowing global economic growth. It was a powerful catalyst for the US dollar to complete its significant gains against the rest of the other major currencies. The Japanese yen is also one of the most important safe havens....

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EUR / USD slowly falling | Forex action

by on July 19, 2021 0

At the start of another week in July, the major currency pair falls amid market participants’ sympathies towards the US dollar. EUR / USD is trading at 1.1810. The ‘greenback’ got significant support from the latest US retail sales report, which showed 0.6% m / m in June after rising -1.7% m / m...

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Removes from familiar level

by on July 16, 2021 0

The German index fell during Thursday’s trading session as the 15,800 level continues to be a major problem for the DAX. That being said, you could argue a bit for an ascending triangle, and furthermore, you can see that we have been in an uptrend for quite some time. Too, you can see that...

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What does central bank divergence mean for FX?

by on July 9, 2021 0

There has been a massive change in the world of central banking lately. Some have taken small steps towards getting out of cheap money and ultimately raising interest rates, but others have not. We appear to be entering a period when economies that raise their rates may see their currencies appreciate against those that...

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Weak reverse C&H pattern signals

by on July 5, 2021 0

The pair will likely resume the downtrend since this setup is usually a sign of a bearish continuation. Bearish view Sell ​​the AUD / USD and add a profit taking at 0.7460. Add a stop-loss at 0.7580. Lead time: 1-2 days. Bullish view Set a buy stop at 0.7530 and a take-profit at 0.7600....

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Dogecoin (DOGE) cannot hold the line at $ 0.25

by on July 2, 2021 0

Dogecoin DOGE (-0.77%) fell below $ 0.25 before July 4the holiday weekend. From a technical standpoint, this is an extremely bearish event. On the fundamental side of things, it’s a mixed picture as DOGE’s near-term fundamentals are cloudy at best. As of press time, two stories against Dogecoin are making headlines. Here’s a quick...

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Lots of moving coins for GBP / USD

by on July 1, 2021 0

The UK and US have a lot to do these days which makes it even more difficult to determine the direction of the GBP / USD: Resurgence of the coronavirus The markets seem to be worried. Not only has the UK seen the number of new cases reach their highest levels since late January,...

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The index goes back to the large handle

by on June 16, 2021 0

The market is expected to continue on the general trend, which has been on the rise for some time. Publicity The current volatility creates great opportunities for stock trading – don’t miss them! The NASDAQ 100 fell slightly during Tuesday’s trading session to show signs of exhaustion. Ultimately, I suspect that the most important...

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ASX200 takes off on QE3 outlook after RBA minutes

by on June 15, 2021 0

While acknowledging that “the economic recovery in Australia has been stronger than expected”, the minutes reaffirmed that the Council will not raise rates until real inflation is lasting between 2 and 3% of the year. target rate and that its employment objectives will not be met. Conditions unlikely to be met before 2024 at...

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Fall ahead of Fed and Aussie data

by on June 14, 2021 0

The pair will likely continue to move lower as bears target the next key support at 0.7650. Bearish view Sell ​​the AUD / USD and establish a profit taking at 0.7650. Add a stop-loss at 0.7600. Lead time: 1-2 days. Bullish view Set a buy stop at 0.7720 and a take profit at 0.7770....

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EUR / GBP Price Analysis: Slides To One-Week Low, Eyeing Descending Triangle Support

by on June 11, 2021 0

EUR / GBP worsened losses overnight and remained depressed for the second day in a row. Weakness below 0.8560 horizontal support will confirm a descending triangle breakdown. Only a sustained move beyond the 0.8640-45 region will negate the short-term bearish outlook. The EUR / GBP cross extended the previous day’s rejection decline of short-term...

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GBP / USD technical analysis: sales increase

by on June 10, 2021 0

It has often been noted that sterling’s gains could be subject to evaporation if current fears about the future of ending plans to reopen the UK economy persist. This is in the midst of the emergence of variable strains of the COVID-19 outbreak, negatively affecting the UK vaccination route, compared to other global economies....

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Four Week Gold Snaps Rally – XAU / USD Levels

by on June 4, 2021 0

Gold Price Technical Outlook: XAU / USD Weekly Trade Levels Gold price snapped a four-week winning steak in June open trade with XAU / USD down more than 0.8% after reversing a key technical confluence area. While the broader outlook remains tilted upward, progress may still be vulnerable in the short term while remaining...

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While waiting for US economic data

by on June 3, 2021 0

For the second day in a row, the USD / JPY currency pair is attempting to break through the psychological resistance level of 110.00 to get out of the downward quagmire. This strongly and directly affects the performance of the dollar against the rest of the other major currencies. Ahead of its announcement, partly...

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