EUR/USD trapped below 1.06
EUR/USD turned lower once again on Tuesday, grappling with the 1.0500 handle as Fiber flubs a bullish run at...
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GBP/USD churns near 1.2700
GBP/USD churned chart paper just south of the 1.2700 handle on Tuesday, roiling bids as Pound Sterling traders grapple with a significant lull in meaningful UK-centric economic data and broader markets gear up for a fresh pass of US Nonfarm Payrolls (NFP) data due at the end of the...
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NZD/USD Price Analysis: Pair reversed gains after touching 20-day SMA above 0.5890
The NZD/USD pair retreated on Tuesday's session, giving up the initial gains after reaching a daily high of 0.5890, just above its 20-day Simple Moving Average...
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EUR/AUD Price Forecast: Consolidated at around 1.6200
The EUR/AUD has posted back-to-back negative days, as political turmoil in France weighed on the shared...
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Canadian Dollar churns on data-light Tuesday
The Canadian Dollar (CAD) tread water on Tuesday, wrestling to either side of the day’s opening bids before settling in the...
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The SP500 is almost at $6060. What’s next?
Using the Elliott Wave (EW) for the SP500 (SPX), we found three weeks ago that “if the index can stay at least above SPX5880, and especially last week’s low at SPX5696, we must allow it to ideally target SPX6060, possibly as high as SPX6175 before the next correction of around 5-7% can start.” Moreover, we’ve been tracking the index's advance as an Ending Diagonal (ED)...
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Fed's Kugler: Fed goals are roughly in-balance
Federal Reserve (Fed) Board of Governors member Adrianna Kugler hit the wires on Tuesday, reiterating her position that the Fed's progress on inflation is still underway, noting that the Fed isn't going to concern itself from possible policy changes under incoming President Donald Trump in the months to...
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US Dollar loses ground following JOLTS release, pressured by profit-taking
In Tuesday’s session, the US Dollar Index (DXY) weakened despite a rise in Job Openings & Labor Turnover (JOLTs) figures from...
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EUR/USD: A bullish Elliott Wave perspective
Let’s analyze this chart to understand how price cycles help us predict future movements in...
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EUR/USD Price Forecast: Near-term outlook remains unclear
EUR/USD regained its footing in the first half of the week, eroding part of Monday’s losses and surpassing the key 1.0500 hurdle, putting some distance from recent...
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AUD/USD Price Forecast: Some near-term consolidation appears likely
The US Dollar (USD) faced some renewed downward pressure, partially erasing Monday’s optimistic move and coming in closer to the key support around the 106.00s neighbourhood when gauged by the Dollar Index...
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GBP/USD Price Forecast: Stalls below 1.2700 amid dismal UK retail sales
The Pound Sterling climbed modestly against the US Dollar on Tuesday, yet it failed to decisively clear the 1.2700 figure for the third consecutive trading...
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Instructions on: How to end the Fed
Currencies & metals see early selling and then nothing else on...
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Asia open: Turmoil in Korea, a nation on edge
Asian markets are bracing for a tense and uncertain open on Wednesday as geopolitical chaos and economic sabre-rattling create a web of challenges for...
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South Korean Won: KRW stabilizes after South Korean Parliament axes martial law call
South Korea’s conservative President Yoon Suk Yeol declared “emergency martial law” early Tuesday in a surprise move that rattled equities with exposure to South Korean...
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Australia's Judo Bank Services PMI rises to 50.5 in November vs. 49.6 expected
The final reading of Australia's Judo Bank Services Purchasing Managers Index (PMI) improved to 50.5 in November from 49.6 in the previous...
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Australia's Gross Domestic Product growth expected to tick up slightly in Q3
Australia will release Gross Domestic Product (GDP) figures for the third quarter (Q3) on...
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Gold rises amid US Dollar weakness despite high US Yields
Gold price trends up on Tuesday during the North American session, up by 0.28%, although US Treasury yields rise, though underpinned by overall US Dollar weakness across the...
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Forex Today: Extra US labour data and Powell to drive the mood
A corrective knee-jerk saw the Greenback relinquish part of Monday’s strong advance amid mixed US yields and despite a positive surprise from the US labour market ahead of further critical data...
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Fed's Daly: Economy is in a really good place
Federal Reserve (Fed) Bank of San Francisco President Mary Daly struck familiar chords on Tuesday, reiterating the stable outlook speechnotes that have become the bread and butter of Fed policymakers as of...
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Honeywell stock sinks after new agreement inked with Bombardier reduces guidance
Honeywell (HON) stock led the Dow Jones Industrial Average (DJIA) lower on Tuesday after cutting its profit outlook following a partnership with...
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Mexican Peso rallies against US Dollar amid upbeat jobs data
The Mexican Peso recovers some ground on Tuesday and climbs against the US Dollar, sponsored by positive jobs data and overall weakness in the American...
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South Korean Won plunges to fresh 2-year lows vs the US Dollar
The South Korean Won (SKW) fell against the US Dollar (USD), resulting in the USD/SKW pair hitting a two-year high of...
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Dow Jones Industrial Average cools off as record rally takes a pause
The Dow Jones Industrial Average (DJIA) pared back recent gains again on Tuesday, declining 200 points despite a better-than-expected print in JOLTS Job Openings in...
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EUR/USD Price Analysis: Pair stabilizes around 1.0500
The EUR/USD pair started the week with a sharp decline, falling over 1% and breaking decisively below the psychological 1.0500 mark, but managed to stabilize around this level on...
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AUD/USD Price Forecast: Trades higher within range, approaches open gap
AUD/USD is trading within a range encompassed by the ceiling at around 0.6540 (green line) and floor at about 0.6440 (red...
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