02.07.2022
Chicago 12, Melborne City, USA
Politics

Swiss Franc Power Continues, EUR / CHF Breaks Parity:

Swiss Franc continues to rise broadly today, with additional help from selloff in Euro. The common currency is weighed down by Germany CPI, which unexpectedly slowed in June. But for now, Aussie, Sterling and Yen are even weaker than Euro. On the other hand, Canadian Dollar is second strongest as supported by rebound in oil… […]

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Business

EUR / GBP Set for Bullish Continuation as UK Political Tensions Rise

The EUR / GBP pair resumed a mild bullish tone ahead of the European session on Monday, tapping the 0.8630 top. However, this bullish traction is resisted by the risk-off sentiment emanating from Brexit and an attempted rebound by the US dollar. On Monday, British policymakers in the House of Commons passed a vote in […]

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Business

EUR / JPY Is in a Sideways Move as It Is Stuck Below Level 144.25

Key Resistance Levels: 132.00, 133.00,134.00Key Support Levels: 129.00, 128.00, 126.00 EUR / JPY Price Long-term Trend: Bullish EUR / JPY pair has been trading in the bullish trend zone since June 8 as it is stuck below level 144.25. The uptrend has been hindered at level 144.25. In the previous price action, the bulls have […]

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Business

EUR / USD Extends Its Profit Testing 1.0600 During the European Trading Period

EUR / USD is getting close to the 1.0600 mark today. This is because of the action of downward forces on the USD. Stocks in Europe rose beyond 1%, as it obtains strength from Asian and American counterparts. This made investors reconsider if the central bank will continue with its violent rate increase, as economic […]

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Business

EUR / USD On the Wires Amid Mounting Recession Fears

EUR / USD staged a mild recovery last week after refreshing its May low near 1.0350, closing the week a few points below the 1.0600. The mild bullish momentum was restricted from crossing the 1.0600 mark as sellers defended against any bullish extension. In the last few months, inflation-related concerns have morphed into recession fears […]

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Politics

EUR / CHF Extending Decline, Aussie and Kiwi Soft:

Overall, the forex markets are pretty much staying in range, except for a few. Aussie and Kiwi are the weaker ones for the week, as weighed down by negative sentiment, as well as falling commodity prices But Dollar isn’t too far behind, following the pull back in treasury yields. Swiss Franc and Sterling are the… […]

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Business

EUR / USD Approaches 1.05330 Price Level, as American Dollar Grows Weak

EUR / USD continues to rise higher for two days in a row. Although, the pair is still trying to attain the 1.0600 price level because sellers keep causing setbacks for it. EUR / USD was trading around 1.0582 at the time of writing, recording a good upward movement of around 0.18%. Market feelings are […]

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Business

EUR / JPY Attempts to Resume the Uptrend, Battles 144.25 High

Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR / JPY Price Long-term Trend: Bullish EUR / JPY pair is in an uptrend as bull battles 144.25 high. In the previous price action, the Yen rose to the high of level 144.25 and was repelled. On the upside, if the bulls break […]

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Politics

EUR / USD Outlook: Near-Term Risk Shifts Lower after Thick Daily Cloud Capped Recovery:

The Euro turned to red on Friday after recovery on Wed / Thu was capped by the base of thick daily cloud (spanned between 1.0566 and 1.0767)) and dollar returns to strength after hawkish Fed and BoJ remaining on hold. The action remains heavily weighed by daily cloud and bearish studies on daily chart, with […]

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Business

EUR / USD In Choppy Momentum as Global Inflation Rages

Central banks across the globe have been responsible for the recent volatility pump into the FX market, as the EUR / USD pair whipsaws between 1.0350 and 1.0800. Fiber ended last week’s session around the mid-point of this range at 1.0500, as dollar traders remained torn between inflation fears and demand for safety. Last week, […]

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