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Bulls move in, eyeing a close above 103.30s
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The US Dollar Index advances for two days, forming a “morning star” candle chart pattern.…
Pivot Point Master – Trading Strategies – 24 March 2023
In this article we will explore a popular trading strategy that uses pivot points which are considered important psychological levels for investors. This strategy is often used by technical traders looking to take advantage of…
Weekly FX Market Recap: Mar. 20 – 24, 2023
Banking sector woes were still the main theme early in the week before the spotlight shifted to the FOMC decision later on, along with other major central banks’ statements.
Efforts to shore up liquidity and restore confidence in the…
S&P 500 advances moderately amidst the Deutsche Bank crisis, mixed US data
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The S&P 500 and the Dow Jones edge higher while the Nasdaq 100 remains downward pressured.
US…
GBP/USD Bullish Trend is Intact but Slowing Down
GBP/USD - Prices, Charts, and AnalysisRetail sales improved in February, flash UK PMIs next.GBP/USD traders eye the US banking sector for signs of stress.
Recommended by Nick Cawley
How to Trade GBP/USD
Most…
Banxico’s hawkishness supports Peso, but market turmoil poses downside risks – Commerzbank
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Banxico's determined stance in the fight against inflation supports the Peso. However, if the recent…
Path of Least Resistance is Lower after Fed Ditches Hawkish View
US DOLLAR FORECAST:U.S. dollar gains on Friday on risk-off mood, but post heavy losses for the weekThe Fed’s decision to ditch its hawkish guidance will help stabilize sentiment soon, but the timeline is uncertainMarkets are beginning to…
USD/MXN seesaws around $18.50s tilted downwards after US mixed data
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USD/MXN drops below $18.60 even though the US Dollar remains strong.
US economic data was mixed,…
EUR/USD Takes a Breather as Prices Test Support
Euro Dollar (EUR/USD) Talking Points:EUR/USD clings to the 50-day moving average (MA) as prices struggle to break free from a broader range of support and resistance.Euro eases after failing to break above 1.090US Dollar remains…
Remember to Test Your Forex Trading Strategies!
Becoming consistently profitable in forex trading involves making pips, keeping them, and then repeating the process.
Unfortunately, it’s not as simple as it sounds.
Making successful trades is not just about having a fantastic setup. It…