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USD Weekly Review (Sept. 28 – Oct. 2)
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We saw a busy week of news flow for the U.S. dollar with catalysts ranging from political news, lots of Fed speak and mostly signs of improvement from the latest U.S. economic updates.
But the likely main driver for the Dollar’s relative underperformance was steadil
GBP/USD Price Analysis: Cable indecisive near 200-day SMA support
GBP/USD charted a Doji candle on Wednesday, neutralizing the immediate bearish outlook.
Tuesday's low is now the level to beat for the bears.
GBP/USD created a Doji candle at the confluence of the 200- and 100-day simple moving averages (SMA) on Wednesday.
A Doji candle occurs when an asset sees
AUD/USD hits highest level since December 2018
AUD - Australian Dollar
The Australian dollar is stronger this morning when valued against the Greenback reaching a high on Friday of 0.7366. A level that was last seen in December 2018 on the back of overall Greenback weakness and a surge in commodity prices. On Friday we saw the release of the Fed
- Veron83 :No rate change from RBA today, and here is a snippet of RBA's statement: "Accommodative approach will be maintained as long as it is required”
- CarmenHui :AUD/USD carves a series of lower highs and lows following the limited reaction to the Reserve Bank of Australia (RBA)
GBPAUD Trend Continuation Pattern
#GBP/AUD#
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- JamesCap :Hi traders, Keep your eyes on lower time frame for a flag before taking any buy, no early buys wait for confirmation before taking the trade.
EUR/JPY Outlook (26 August 2020)
#EUR/JPY#
Overall, EUR/JPY is trending upwards. Recently, EUR/JPY broke above the key level of 125 and moved into the key level of 126. The German Final GDP q/q data (Actual: -9.7%, Forecast: -10.1%, Previous: -10.1%) released yesterday indicated a slight upwards revision of quarte
- CallieR :Low test candle closed above 50MA as well as above Pivot level inside ascending channel shown that the potential swing low has form and will look for an opportunity to go long to the next potential sw...
The US Mint says it has reduced gold and silver coin supplies to purchasers - Bloomberg
Bloomberg has reported that the US Mint says it has reduced gold and silver coin supplies to purchasers.
Gold is printing fresh highs of $1,967 up 1% and silver $25.6462, up 3.9%.
The global pandemic’s relentless onslaught on economic activity and bullion supply chains had forced the US Mint’s bulli
GBP/JPY prints mild gains above 134.00 amid upbeat trading sentiment
GBP/JPY defies the previous day’s losses while taking a U-turn from 134.05.
Ireland expects Brexit deal in October, Germany’s Merkel less likely to help.
China attacks the UK over the Huawei ban, Russia dislikes the first independent British sanctions for human rights violations.
BOE’s Bailey postpo
USD/CAD intraday: Turning down
USD/CHF: Under pressure
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 0.9485
Our preference Short positions below 0.9485 with targets at 0.9460 & 0.9445 in extension.
Alternative scenario Above 0.9485 look for further upside with 0.9500 & 0.9510
Indonesia Stock Market May Regain Thursday's Losses
The Indonesia stock market headed south again on Thursday, one day after it had ended the two-day slide in which it had stumbled almost 65 points or 1.2 percent. The Jakarta Composite Index now rests just beneath the 4,900-point plateau although it figures to bounce higher again on Friday.
The globa
U.S. Dollar / Japanese Yen Trading Plan
#USD/JPY#
Hello Traders, The U.S. Dollar is betwen two important trend lines . According to the previous analysis of the weekly chart. It seems that U.S. Dollar most probably is going to continous its uptrend. The Ideal buy zone of the U.S. Dollar is if it does a beartrap above the u
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