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Weekly Forex Technical Analysis (Jun 1 — Jun 5, 2020)

Weekly Forex Technical Analysis (Jun 1 — Jun 5, 2020)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0663 1.0767 1.0937 1.1041 1.1212 1.1315 1.1486 Woodie’s pivot points 2nd Sup 1st ...

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Eurozone Risks Spiralling into Deflation in the Coming Months

Eurozone Risks Spiralling into Deflation in the Coming Months

Eurozone inflation continued to decline due to falling oil prices, but the underlying price pressure remained stable, which is an encouraging sign for ECB which tries to keep ...

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Oil prices slip below $33.66 once again

Oil prices slip below $33.66 once again

WTI Crude oil prices are finding it difficult to break past the 33.66 level. After briefly trading above this level, oil prices are back below this handle once again. But as a ...

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GBPUSD attempts to recover after a pullback

GBPUSD attempts to recover after a pullback

The GBPUSD currency pair is looking somewhat bullish after the initial pullback looks to be complete. Price action fell back to the price level of 1.2277 after a brief rise ...

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EURUSD finally breaks past 1.1000 level

EURUSD finally breaks past 1.1000 level

The euro is trading above the 1.1000 level for the first time in two months. The gains came about on the Eurozone stimulus. The current gains will now see the upside rising ...

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Post-Lockdown Optimism Under Trump’s Threat

Post-Lockdown Optimism Under Trump’s Threat

Despite post-lockdown optimism increasing, the trade war between the US and China has only just restarted, and this time in multiple fronts! With Trump expected to announce his ...

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Is XAUUSD in an Ending Triangle?

Is XAUUSD in an Ending Triangle?

XAUUSD shows a bullish impulse of the cycle degree that consists of primary sub-waves ①-②-③-④-⑤. The current structure suggests that we are in the final wave ⑤. Wave ⑤ resembles ...

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EUR/USD Rallies Ahead of Trump’s Press Conference

EUR/USD Rallies Ahead of Trump’s Press Conference

EUR/USD was rising today amid risk aversion ahead of the press conference of US President Donald Trump who is going to announce a response to the increase of China’s control over ...

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“Absurd” Employment Situation in the US and Possible Consumption Shock in August

“Absurd” Employment Situation in the US and Possible Consumption Shock in August

The rally in equities was brought to a halt with mild retracement in the US stocks observed on Thursday. Asian and Europe equities followed suit today, erasing from 0.1 to 1.5%. ...

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Does the Trump v Obama Rivalry Impact Markets?

Does the Trump v Obama Rivalry Impact Markets?

Former President Barack Obama recently broke precedent when he came out with public political commentary. Of course, the argument can be made that the current situation is ...

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