News
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Bitcoin Sentiment Sparks a Bullish Bias
Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.
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Aussie Bulls Beware: AUD/USD, AUD/JPY May Fall as EUR/AUD Gains
Australian Dollar bulls could be running out of steam, AUD/USD and AUD/JPY prices are showing signs that a turn lower could come ahead. EUR/AUD on the other hand may climb instead.
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GBPUSD Weekly Technical Outlook: Sterling Probes New Lows
Sterling’s technical set-up remains weak with the charts pointing lower and towards recent support levels.
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Price Action Muted for USDCAD Until Next Decisive Move
The USDCAD currency pair experienced a steady ascent since early October but fading technical indicators may jeopardize the bullish uptrend.
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XE Market Analysis: North America – Nov 30, 2018
The Dollar picked up, which sent the USD index (DXY) to a two-day high of 97.01, up from yesterday’s one-week low at 93.63. EUR-USD, Cable and AUD-USD to concurrently posted respective intraday lows at 1.1357, 1.2743 and 0.7295. USD-JPY lifted to the mid 113.0s, though the magnitude of movement remained limited. USD-CAD, meanwhile, vaulted back […]
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XE Market Analysis: Currency Market Waits for Trade Handshakes at G-20 Gathering
OVERVIEW – The Dollar Index is closing November on a solid footing, near a two-month high. – Sterling is trading relatively flat as investors wait for a political storm in Parliament over UK-EU deal. – NYMEX WTI Crude trading 1.60% lower, with a barrel of oil fetching around $50.60 HIGHLIGHT
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XE Market Analysis: Asia – Nov 30, 2018
The Dollar firmed in N.Y. on Friday, with short covering ahead of the weekend meeting between Trump and Xi the main driver. A stronger Chicago PMI came to the Greenback’s aid as well. The DXY topped at 97.31, up from 96.90 into the open. EUR-USD faded to 1.1307, while USD-JPY peaked at 113.71. Oil prices […]
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Marriott hit by Starwood hack that ranks among biggest ever
LONDON (Nov 30): Marriott International Inc said it’s investigating a hack of the guest reservation database at its Starwood unit that may be one of…
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Genting Malaysia suffers largest ever quarterly loss of RM1.49 billion and RM1.8 billion impairment
KUALA LUMPUR (Nov 30): Genting Malaysia Bhd (GENM), whose share price has been going downhill, announced its largest quarterly net loss of RM1.49 billion for…