15.08.2022
Chicago 12, Melborne City, USA
Politics

GBP / USD: Quiet and Directionless Phase Likely to Precede Fresh Weakness:

Cable trades in a quiet and narrow-range mode in European session on Friday, with directionless action (long-legged Doji candles in past two days) extending into fourth consecutive day. Friday’s action remained unchanged on negative news as PM Johnson’s Conservatives lost two parliamentary seats, though the news are likely to add to existing problems with Johnson… […]

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Business

AUDJPY Bulls Show Weakness at the 96,800 Key Level

AUDJPY Analysis – June 13 AUDJPY bulls show weakness at the 96,800 critical level, and the market has plunged as a result. After struggling below the 91,120 significant price level, AUDJPY broke out by using an ascending triangle pattern. The market surged strongly upwards, breaking several barriers, till it rose to the 95,800 price level. […]

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Business

USD / JPY Anticipated Attracting a Pause in Selling Order as Dollar Index Shows More Weakness

USD / JPY experienced a fickled directional change, after reaching its lowest 1-day price of 126.67 during the Asian Trading period. Since three days ago the pair has been trading within a specific range. Thus the USD / JPY is hoped to keep narrowing its range as there are no major economic event in today’s […]

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Business

USD / JPY Anticipated Attracting a Pause in Selling Order as Dollar Index Shows More Weakness

USD / JPY experienced a fickled directional change, after reaching its lowest 1-day price of 126.67 during the Asian Trading period. Since three days ago the pair has been trading within a specific range. Thus the USD / JPY is hoped to keep narrowing its range as there are no major economic event in today’s […]

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Forex guide

Gold Inches Higher On Dollar Weakness

Gold prices rose slightly on Friday, as the dollar eased and was on track for a 1.5 percent weekly fall amid improved risk sentiment in global markets. Global bond yields were also mostly lower amid growing fears of a recession. Spot gold edged up 0.3 percent to $ 1,847.13 per ounce, while US gold futures […]

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Forex guide

Dollar Exhibits Weakness Against Major Rivals …

The US dollar turned weak against most of its major counterparts on Thursday, after having rebounded in the previous session and regained some ground it had lost earlier in the week. The dollar index, which had climbed to a two-decade high at 105.01 on Friday, dropped to 102.66 today before recovering slightly to 102.84, still […]

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Forex guide

Oil Futures Recover After Early Weakness, Set …

Crude oil prices rallied against on Thursday, rebounding strongly after drifting down earlier in the session amid fears of a recession and uncertainty over sanctions on Russia by the European Union. Oil prices moved higher amid expectations of a pick up in energy demand on reports Chinese officials are planning to ease restrictions in Shanghai. […]

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Forex guide

Treasuries Recover From Initial Weakness Amid …

After moving to the downside early in the session, treasuries showed a notable turnaround over the course of the trading day on Monday. Bond prices climbed well off their initial lows and into positive territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 4.4 basis points to […]

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