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USD/JPY Forecast: RSI Sell Signal Emerges Ahead of BoJ Rate Decision

Posted by By 16/06/2022Posted inForex
The Relative Strength Index (RSI) warn of a larger pullback in USD/JPY as the oscillator falls back from overbought territory to indicate a textbook sell signal.
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Australian Dollar Technical Forecast: AUD/USD V-Shaped Recovery Brews

Posted by By 16/06/2022Posted inForex
Australian Dollar surged 3% off the weekly low with Aussie snaping back above a key support pivot post-FOMC. Levels that matter on the AUD/USD weekly technical chart.
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Gold Price Forecast: Consolidation Takes Shape – Levels for XAU/USD

Posted by By 16/06/2022Posted inForex
Gold prices are trading in a symmetrical triangle dating back to the end of April.
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S&P 500 Plunges into Free-Fall and Hits Fresh 2022 Lows on Growing Recession Fears

Posted by By 16/06/2022Posted inForex
The S&P 500 sinks and sets new 2022 lows on fears that the Fed will not be able to engineer a soft landing and will push the U.S. economy into…
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Canadian Dollar Technical Forecast: USD/CAD Thrusts into Resistance

Posted by By 16/06/2022Posted inForex
The Canadian Dollar collapsed for a second week with USD/CAD now testing key resistance near the yearly highs. Loonie levels that matter on the weekly technical chart.
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US Dollar Price Action Setups: EUR/USD, USD/CHF, GBP/USD, USD/JPY

Posted by By 16/06/2022Posted inForex
The Fed hiked by 75 bps and this was followed by the Swiss National Bank hiking 50 and the BoE hiking by 25, and the Bank of Japan is on…
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France 40 IG Client Sentiment: Our data shows traders are now at their most net-long France 40 since Mar 04 when France 40 traded near 6,076.20.

Posted by By 16/06/2022Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.
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S&P 500 Outlook: Short-term Technical Pattern May Set Up Rally

Posted by By 16/06/2022Posted inForex
U.S. stocks continue to look terrible on the surface, but there is a technical pattern that is developing that may help put in a floor for equities.
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Bank of England Raises Rates by 25 Basis Points to 1.25%, British Pound Slides

Posted by By 16/06/2022Posted inForex
The Bank of England raises interest rates by 25 basis points to 1.25%, the fifth consecutive hike aimed at cooling inflationary pressures in the economy and restoring price stability.
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Bank of England Preview: How Will the Pound (GBP) React?

Posted by By 16/06/2022Posted inForex
Bank of England seen raising rates by 25bps, GBP remains at risk of a dovish hike given weaker growth outlook.
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