News
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EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP
EURUSD bearish trend opens scope for a test of the YTD lows, while EURJPY lacks significant signs of a near term break. EURGBP tests supports, which curbs further losses for now.
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DJIA: Dow Jones Jumps Above 25k as Powell, FOMC Adapt to Global Risks
US stocks are ripping-higher on the back of a speech from FOMC Chair, Jerome Powell. The removal of a key pressure point may keep the door open for continued strength.
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GBP/USD Rallies After the BoE Warns of Brexit Recession Potential
The Bank of England issued some stark warnings around No-Deal Brexit today. And markets seemed to listen for about 20 minutes, until Jerome Powell provoked a reversal in USD.
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AUD/USD Technical Analysis: Bearish Reversal Attempt Invalidated
The Australian Dollar has managed to abort another attempt at re-starting its long term downtrend against its US counterpart, this time courtesy of Fed commentary.
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Nikkei 225 Technical Analysis: Bulls Have More To Prove Yet
The Nikkei 225 has managed a run of daily chart gains that have taken it close to an important resistance zone. It will need to get there however, and consolidate
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FTSE Chart Analysis – Lifting on Heels of Surge in S&P 500, but Not Meaningful
Shortly after Europe trading closed U.S. stocks surged on Fed Chair Powell’s softening hawkish tone; but it may only be a temporary shot in the arm, especially for non-U.S. markets.
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EURUSD Chart Near-Term Bullish After Outside Range Day
A bullish outside range day on the EURUSD chart suggests near-term upside after the recent weakness of the pair.
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XE Market Analysis: North America – Nov 28, 2018
The Dollar has continued to trade mixed, posting a two-week high versus both the Euro and Yen before retreating, while losing ground to a generally firmer Pound today, and the Australian and New Zealand Dollars. EUR-USD recouped to the upper 1.1200s after printing a two-week low at 1.1267. The drop-and-rebound price action was concurrent with […]
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Xe Market Analysis: Dollar Retreats as Powell eyes more gradual rate hikes
OVERVIEW The US Dollar weakened as investors search Fed Chair Powell’s speech for clues on rate hikes, more gradual hikes now expected. Sterling rose off of two-week lows only to be struck down by Bank of England Brexit forecasts The Canadian Dollar bounced off a 5-month low as the US, Canada and Mexico prepare to […]