2018

The U.S. Dollar was seen attempting to regain some of the losses from the day before. The Dollar managed to post gains as data showed that consumer price index rose 0.3% on the month in October. This was the biggest monthly gain since…
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The daily chart highlights a 261.8% extension level at 1.3335. This also has scope to be a 5th wave extension (Elliott wave). Selling into rallies offers a solid risk/reward set up
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For Thursday, November 15 the Australian Bureau of Statistics is scheduled to release employment data for the country at 19:30 EST (or Friday at 01:30 CET). This data can sometimes move the markets, or shift the overall trend if it comes in…
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The Euro currency was seen trading weaker with economic data and general sentiment turning negative. The Euro slipped after comments from the ECB's chief economist Peter Praet who struck a dovish tone on monetary policy. Mr. Praet said…
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The Federal Reserve held its monetary policy meeting last week on Thursday. The first meeting after the U.S. mid-term elections and the stock market rout in October. The central bank maintained the interest rates unchanged at 2.0% - 2.25%…
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AUDUSD or AUD/USD is the notation for the currency pair consisting of the Australian Dollar and the United States Dollar, or as it's known colloquially, the "Aussie" (despite the AUD trading with other currencies, chiefly the JPY). The…
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The markets were seen trading reasonably quiet. Economic data on the day saw the release of Japan's producer price index. Data showed that PPI on the year rose to 2.9%, beating estimates of 2.8%. This was, however, slower compared to 3.0%…
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No clear indication that the correction has come to an end. Previous swing low is located at 0.7085. Trend line support, and a possible right shoulder for a bullish reverse Head and Shoulders pattern, is located at 0.7066. Buying within…
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The European Union, in its latest report released last week on Thursday, said that it expects the economy to cool over 2018 and in the coming years. The slowdown was attributed due to a decline in global demand. The EU also said that a…
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