Eurozone sees marginal improvement in polls US services cool in February EUR/USD breaks descending channel The PMI surveys have certainly made for…
Forecasts
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Something important happened on Thursday in the currency markets. The initial and relatively sharp 0.7% drop in the market reversed and now,…
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Bearish: We are currently at 2.0422 outside of a well-constructed channel. Lower highs suggest a return to the channel. If we can…
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Mixed PMI data from several Eurozone countries caused increased volatility in European currency pairs on Thursday morning. Preliminary estimates for France were…
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A sell-off of sorts occurred overnight, with commodity-linked currencies showing strong performance. This was driven by already positive risk sentiment, which received…
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has its best week of the year Downside risks remain around 1.0880 Preliminary EZ Business PMIs show a mixed picture EURUSD is…
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In a quiet week for the US events calendar, last night's release of the minutes from the January FOMC meeting served as…
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Bullish: We are currently @1.2628 in a range. If we get a small pullback and can then break the resistance here, we…
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is rejected near family resistance Short-term bias remains positive but probably also weak USDCHF has been in the green almost every week…
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ForecastsForexNews
USD/CAD Faces Key Test Ahead of Canadian CPI and FOMC Minutes: Breakout on the Horizon?
While it's likely to be a relatively quieter week as far as macroeconomic data goes, North American markets reopen today after a…
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ForecastsForexNews
3 Forex technical setups with high probability of profits: EUR/USD, USD/JPY, GBP/USD
There could be trading opportunities in key currency pairs such as EUR/USD, USD/JPY and GBP/USD in the coming weeks. EUR/USD has bounced…
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The ingredients for further range-bound trading are all there, especially given a dull US data calendar and the lack of impact from…
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ForecastsForexNews
Gold eyes $2,045 as US dollar stagnates even as rate cut hopes fade: Levels to watch
The US dollar's bullish trend in 2024, initially driven by stronger-than-expected CPI and PPI data, has hit a roadblock as the market…
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Canadian inflation expected to have fallen again in January Will the FOMC minutes shed any light on rate cuts? USD/CAD rises but…
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· Gold remains in short-term trading range · The price recovers from 1,984 · MACD and RSI suggest buying interest gold is…