I would love to see the Euro rally so I can sell it from a higher level. The EUR/USD initially tried to rally during the session on Friday, to break well above the parity level as...
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EUR/USD Technical Analysis: Reaching Oversold Levels
The rising cost of European energy supplies has driven deep declines in many financial model-derived estimates of the single currency’s fair value this year, and with little respite on the horizon, some of the...
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GBP/USD Technical Analysis: Have the Sales Ended?
The losses of the GBP/USD pair during last week’s trades were the strongest as they fell to the lowest support level of 1.1717 since the collapse of the markets at the height of the 2020 Corona...
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GBP/USD Forecast: Continues to Wait for Jerome Powell
The GBP/USD has rallied slightly during the trading session on Thursday, as we are hanging around the 1.18 level. It’s worth noting that level has been a bit of a magnet for price for most of...
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Dollar falls as risk appetite picks up to start the session
The sudden pick up in risk appetite is translating to some softness in the dollar as we get things going on the session. The greenback was in a good spot technically to start the...
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Gold Technical Analysis: Reaction From Jackson Hole Seminar
Gold futures ended the last trading week flat below the $1800 level, as the yellow metal recorded a weekly loss. After it crossed the $1800 resistance earlier this month, XAU/USD gold prices struggled to maintain the...
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EUR/USD Technical Analysis: Downside Path after Parity
Investors’ desire to buy the US dollar and abandon the euro due to concern about a bleak future for the recovery of the euro bloc contributed to the increase in the selling operations of the...
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EUR/USD Forex Signal: Euro to Retest 0.9957 as USD Rebounds
Bearish view Sell the EUR/USD pair and set a take-profit at 0.9957. Add a stop-loss at 1.0163. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.0150 and a take-profit at 1.0250. Add a...
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GBP/USD Forex Signal: Bears in Control, Relief Rally Likely
Bearish view Sell the GBP/USD pair and set a take-profit at 1.1750. Add a stop-loss at 1.1900. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.1900 and a take-profit at 1.2000. Add a...
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European equities lower at the open
Eurostoxx -0.6% Germany DAX -0.7% France CAC 40 -0.6% UK FTSE -0.3% Spain IBEX -0.3% It’s not a good look for stocks towards the end of the week as we are seeing markets start...
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