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Australian Dollar Skips a Beat on Chinese PMI and Domestic Data. Where to for AUD/USD?

Posted by By 31/01/2023Posted inForex
The Australian Dollar nudged a notch higher after firm Chinese PMI numbers, while local statistics showed an economy potentially losing steam. Will AUD/USD turn lower?
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S&P 500 and Dollar Volatility – But Unlikely Trend – Before FOMC Wednesday

Posted by By 31/01/2023Posted inForex
A week of heavy event risk has started with some tentatively provocative moves from the major corners of the market. The S&P 500 and Nasdaq 100 reversed lower after last…
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Natural Gas Prices Start the Week with More Pain, Eyes on a Doji

Posted by By 31/01/2023Posted inForex
Natural gas prices started off the week with more pain. Another Doji candlestick pattern emerged, but that is far from a technical reversal signal. Prices face 2021 lows.
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Nasdaq 100 Capsizes After Finally Overcoming 200-Day SMA, Beware More Volatility

Posted by By 30/01/2023Posted inForex
The markets are closing in on systemically important event risk and traders’ compasses are starting to go haywire. Tentative breakout and trend efforts are falling apart ahead of the Fed…
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Gold Price Outlook: XAU/USD Bulls Tamed by Psychological Resistance

Posted by By 30/01/2023Posted inForex
Gold prices gapped higher on this week’s open, fueling bullish momentum. However, after retesting $1,950, prices have eased. What next for XAU/USD?
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Trading the Bullish Hammer Candle

Posted by By 30/01/2023Posted inForex
A bullish hammer is a single candle pattern that hints at a turn during an established downtrend.
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EUR/USD Tests 1.0900 – ECB Rate Decision, Inflation and Growth Data Ahead

Posted by By 30/01/2023Posted inForex
A very busy week ahead with the latest ECB rate decision, Euro Area inflation, and growth data all hitting the screens in the next few days.
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3 Triangle Patterns Every Forex Trader Should Know

Posted by By 30/01/2023Posted inForex
Triangle patterns have three main variations which signal future price movements and the possible resumption of a trend.
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USD/JPY Hovers at Key 130.00 Level as Rangebound Trade Continues

Posted by By 30/01/2023Posted inForex
USD/JPY continues to fluctuate between gains and losses as the dollar index remains vulnerable. Will the Fed meeting inspire some renewed dollar strength?
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GBPUSD Stuck As Both Fed, BoE Interest Rate Calls Loom

Posted by By 30/01/2023Posted inForex
The British Pound has enjoyed plenty of interest rate support despite the shakiness of its home economy. Can it hope for more this week?
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