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Markets There were few data to inspire global trading today. With policy meetings scheduled on Wednesday and on Thursday, Fed and BoE MPC members currently also abstain from comments on monetary policy. Luckily, ECB governors are again free to speak and temporarily have some kind of monopoly in setting sentiment. Looking at the comments post […]

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EUR/USD At Risk of Fresh Lows Below 1.0800

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Swiss Franc Recovering, But Will SNB Shift Policy?

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12/03/2024

NZDUSD Wave Analysis

NZDUSD reversed from resistance level 0.6200 Likely to fall to support level 0.6080 NZDUSD currency pair today reversed down from the resistance level 0.6200 (which stopped the previous minor ABC correction 2 in the middle of February) intersecting with the 50% Fibonacci correction of the downward impulse 1 from January. The downward reversal from the […]
28/12/2023

AUD/USD Eyes Chinese PMIs

China releases PMIs on Saturday The Australian dollar has edged lower on Thursday. In the European session, AUD/USD is trading at 0.6833, down 0.21%. Earlier today, the Aussie climbed as high as 0.6871, its highest level since July. Risk appetite rise boosts Aussie The US dollar has hit rough times and the Australian dollar has […]
15/03/2024

EUR/USD: Taking a Breather After Strong Fall on Thursday

The Euro is consolidating after almost 0.6% drop on Thursday (the biggest one-day loss since Feb 13). Stronger than expected US PPI data added to hawkish rate outlook following last week’s hot inflation report and lifted the dollar. Fresh bears found footstep at pivotal Fibo support at 1.0871 (38.2% of 1.0695/1.0981 bull-leg), with stronger bounce […]