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Markets Spanish and German consumer prices rose less than expected in August. Spanish prices were flat in M/M terms with headline CPI falling more than forecast, from 2.9% to 2.4%. German prices even fell by 0.2% M/M to be up 2% Y/Y (from 2.6% vs 2.2% expected). It was the first time since March 2021 […]

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02/02/2024

GBP/USD Regains Strength While USD/CAD Dips Again

GBP/USD started a fresh increase above the 1.2625 zone. USD/CAD is declining and trading below the 1.3415 support. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is eyeing more gains above the 1.2755 resistance. There was a break above a key bearish trend line with resistance near 1.2740 on the hourly chart […]
19/02/2024

EUR/USD Recovery Could Fade, Gold Eyes Fresh Increase

Key Highlights EUR/USD is attempting a recovery wave from the 1.0700 zone. A major bearish trend line is forming with resistance near 1.0810 on the 4-hour chart. Gold price is recovering higher from the $1,988 support zone. Bitcoin price is consolidating gains above the $50,500 support. EUR/USD Technical Analysis The Euro extended its decline below […]
20/12/2023

CHFJPY Wave Analysis

CHFJPY reversed from support level 162.45 Likely to rise to resistance level 168.00 CHFJPY currency pair recently reversed up from the key support level 162.45 (which has been reversing the price from August). The support level 162.45 was strengthened by the lower daily Bollinger Band, support trendline of the daily down channel from November and […]