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EUR/USD Technical Analysis: Euro Down Trend Ready to Resume?
The Euro has stalled after rebounding from August lows, with near-term chart positioning hinting the downtrend against the US Dollar may soon resume.
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Nasdaq 100, FAANG Charts and What They Could Mean for the Whole Market
The Nasdaq 100 is very near validating a broad rising wedge formation, a bad omen for the stock market as a whole not just here but everywhere.
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The Dow Spends a Week at Support: Will Bulls Follow-Through?
The Dow has spent most of this week holding a key support level in the index, taken from a prior swing-high. But a lack of bullish follow-thru may be highlighting the potential for a deeper retracement.
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AUD/USD Cleared to Descend to 2016 Lows as Key Support Gives Way
Key support levels that kept AUD/USD afloat gave way, opening the door for Australian Dollar prices reach 2016 lows. Near-term support at 0.7088 while resistance a descending range.
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XE Market Analysis: Europe – Sep 07, 2018
The Dollar majors have been mostly steady, though USD-JPY drifted to 16-day lows under 110.50 on safe haven demand for the Japanese currency while the Australian Dollar underperformed due to Australia’s exposure to China, which looks set to find the U.S. hiking tariff rates on another $200 bln worth of its exports. Obstacles remain in […]
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XE Market Analysis: North America – Sep 07, 2018
The Dollar is at near net unchanged levels heading into the New York interbank open, while the Pound is up over 0.5% versus the U.S. currency and the Australian dollar down by almost 0.5%. The UK’s currency was lifted after EU’s chief Brexit negotiator Barnier said that the EU is “open to discussing other backstops” […]
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XE Market Analysis: The US Economy Conjures Up Strong Job Numbers Again
OVERVIEW -Non-farm payroll jobs grew by 201k versus the 190k expected; and average hourly earnings up 0.4% The Canadian Loonie remains under sustained pressure over NAFTA and poor employment report card. Oil futures slid lower, down 1.1% over fears of a global trade war.