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EUR/USD: Recovering To Critical Support
Monday, April 29, 2019 - 9:29am | 578Read More...EUR/USD is extending its gains after hitting new lows on Friday. The reaction to Spain's elections will make way to fresh US data. The four-hour chart shows the pair is not oversold anymore. EUR/USD extends its gains above 1.1150 after setting a new 2019 trough of 1.1110 on Friday...
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EUR/USD Forecast: A Dead Cat Bounce Or A Comeback?
Monday, April 8, 2019 - 9:11am | 569Read More...EUR/USD is trading slightly higher at the wake of a new week. Markets are digesting the NFP on a day with a light calendar. The technical picture is balanced for the pair. EUR/USD is trading above 1.1200, off the lows, but trading in a very narrow range. Is this another "dead cat bounce...
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EUR/USD Is Off The Lows As The Mood Improves On Several Fronts
Wednesday, April 3, 2019 - 9:12am | 601Read More...EUR/USD is off the lows as the mood improves on several fronts. The US calendar features two significant releases, and there's always Brexit. The technical picture is improving for the pair. EUR/USD is trading above 1.1220, emerging from the lower levels seen earlier. It enjoys a better...
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Don't Be Fooled By The April Fool's Day EUR/USD Recovery
Monday, April 1, 2019 - 8:55am | 577Read More...EUR/USD kicked off the week with a move to the upside. Euro-zone inflation and two top-tier US figures dominate. The technical picture looks bearish for the pair. EUR/USD began the week off the lows, escaping from the abyss of 1.1200. The world's most-popular currency pair holds onto...
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EUR/USD Forecast: Lost Critical Support, Downward Drift May Accelerate
Tuesday, February 5, 2019 - 11:36am | 403Read More...EUR/USD continues moving down as the USD moves up. The global slowdown is favorable for the US Dollar. The technical picture turned bearish for the pair. EUR/USD is trading closer to 1.1400, extending its falls. The primary narrative in markets is that the US is the "cleanest shirt in...
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US Services Purchasing Managers' Index: Shutdown, What Shutdown?
Tuesday, February 5, 2019 - 11:00am | 586Read More...US service sector expected to cool in January, economic and political cross-currents make predications difficult Non-farm payrolls were unaffected by the partial government shutdown Factory PMI indexes rebounded in January The Institute for Supply Management will release its non-manufacturing...
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EUR/USD Forecast: Losing Momentum, But Is It Ready To Fall?
Monday, February 4, 2019 - 11:07am | 537Read More...EUR/USD is consolidating its losses and seems to drift lower. Markets are digesting the US NFP and bracing for further weak euro-zone data. The technical picture is mixed for the pair. EUR/USD is trading in the mid-1.1400s once again, consolidating its losses. The pair topped 1.1500 last...
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EUR/USD Forecast: 3 Reasons For Not Holding The Highs As Eyes Focus On The NFP
Friday, February 1, 2019 - 10:55am | 634Read More...EUR/USD is consolidating the losses it suffered late on Thursday. The Non-Farm Payrolls is left, right, and center in a turbulent week. The technical picture is balanced after the pair suffered overbought conditions. EUR/USD is trading in the mid-1.1400s, back to familiar ranges. The effect of...
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USD/CAD Forecast: CAD Comeback Continues, Inflation And Oil Eyed
Friday, January 11, 2019 - 11:15am | 873Read More...USD/CAD fell on the weakness of the greenback, fueled by the Fed. Inflation data stands out as oil stabilizes. The technical picture is bearish for the pair. The FX Poll shows a mixed picture. This was the week: BOC maintains the hawkish bias The Bank of Canada decided to leave the interest...
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GBP/USD Forecast: Sterling Capped By 50-Day Moving Average Before The Parliamentary Debate
Monday, January 7, 2019 - 10:37am | 550Read More...The GBP/USD is trading flat at around 1.2740 ahead of the UK parliament resuming Brexit deal debate later on Monday. Briton would vote “remain” should the referendum on leaving the European Union be held now, a survey from the polling firm YouGov showed. The UK government is set to...
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EUR/USD Forecast: Enjoying The "Powell Put," But We've Been Here Before
Monday, January 7, 2019 - 10:26am | 629Read More...EUR/USD is edging higher within the range as a new week begins. Developments on US-Chinese talks and a top-tier US figure stand out. The technical picture is mixed for the pair. EUR/USD is moving up as the first full week of 2019 commences. Markets are optimistic after Fed Chair Jerome...
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GBP/USD Forecast: Sterling Is A Lucky Winner Of Flash Crash Targeting 1.2700 And Above
Friday, January 4, 2019 - 11:44am | 501Read More...The GBP/USD is trading up at around 1.2670 ahead of US non-farm payroll report for December. The market expects 177K new jobs added in the US economy in December with wages rising 3.0% y/y and the unemployment rate at 3.7%. The UK parliament is set to resume Brexit deal debate on Monday, January 7...
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USD/JPY: Capped By Sellers Aligned Around 108.00
Thursday, January 3, 2019 - 11:18am | 396Read More...USD/JPY Current price: 107.55 Fears prevail, but investors cautious ahead of US employment data. Bearish long-term case to steepen on a break below 106.75. The USD/JPY pair trades below 108.00, at its lowest since April last year, roughly 150 pips below its daily opening, following the market...
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Global Equities Mixed To Kick Off The Week
Monday, June 6, 2016 - 6:43am | 390Read More...Asian stocks were mostly lower on Monday in reaction to Friday's U.S. data, which showed a weaker-than-expected jobs growth. The figures may prove to be the catalyst forcing the Federal Reserve to postpone a planned interest rate hike that was set to occur in the near-term. Fed Chairwoman...
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TDAmeritrade's Kinahan Talks Jobs Reports, Says It 'Isn't As Bad As People Think It Is'
Friday, May 6, 2016 - 10:42am | 250Read More...JJ Kinahan, TD Ameritrade Holding Corp. (NASDAQ: AMTD)'s Chief Strategist offered his expert analysis following the weakest U.S. jobs report in seven months. Speaking to Benzinga, Kinahan suggested the jobs report "isn't as bad as people think it is." He noted that the private...
