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00 GMT when AUD/USD traded near 0.68.
Number of traders net-short has decreased by 14.71% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIAUD/USDBEARISH50.46%49.54%11.30% Daily7.60% Weekly-12.50% Daily-14.71% Weekly-1.91%…
Gold Prices Slump on US Data ahead of Powell’s Testimony, Key Support in Peril
GOLD PRICES OUTLOOK:Gold prices sink on Tuesday, weighed by strong U.S. economic data ahead of Powell’s Congressional testimonyThe Fed Chair will deliver his Semiannual Monetary Policy Report to Congress on Wednesday and ThursdayThis…
How to build a Renko chart. Renko chart examples. – Analytics & Forecasts – 21 June…
A type of chart, developed by the Japanese, that is only concerned with price movement; time and volume are not included. It is thought to be named for the Japanese word for bricks, "renga". A renko chart is constructed by…
S&P 500 drops on Tuesday ahead of Powell testimony
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Fed Chair Jerome Powell will address the House Financial Services Committee on Wednesday.
KB Homes,…
EUR/USD Grinds in Tight Range as Breakout Beckons
EUR/USD PRICE FORECAST:
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READ MORE: Oil Price Forecast: WTI and Brent Face Challenges…
EUR/CHF: On the eve of the meeting of the National Bank of Switzerland – Analytics &…
The next meeting of the SNB, dedicated to the issues of monetary policy, will be held this Thursday, and economists predict a continuation of the "hawkish" course of monetary policy and an increase in the interest rate by 25 bp…
Daily Forex News and Watchlist: USD/JPY
We don’t have a lot of top-tier U.S. data on tap today, so price action will likely depend on risk sentiment.
Will USD/JPY find a reason to bounce from short-term technical support in the next trading sessions?
Before moving on, ICYMI,…
Bears turn cautious amid oversold RSI, not ready to give up yet
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USD/MXN continues with its struggle to gain any traction and languishes near a multi-year low.
The…
Aussie Sinks on Lackluster RBA and Chinese Rates
AUD/USD ANALYSIS & TALKING POINTSPrevious RBA decision was a coin toss likely pointing to pause in July meeting.US data and Fed speak under the spotlight later today.Potential golden cross on the horizon?
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FX Play of the Day: Could AUD/JPY’s Rejection at 97.50 Lead to a Short-Term Reversal?
As you can see, AUD/JPY got rejected from the 97.50 area and is now trading 100 pips lower in the 96.50 zone.
That’s probably the most decent pullback from the pair since it blasted up from the 90.50 area at the start of the month!
What…