FTSE

AUDUSD consolidates gains The Australian dollar rallied after Q3 inflation exceeded expectations. A bullish MA cross on the daily chart indicates an acceleration in the upward movement. Pullbacks are likely to attract a ‘buy the…
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GBPUSD tests supply area The pound climbs as solid payrolls support the Bank of England's first post-pandemic interest rate hike. A series of higher highs have prompted sellers to cover their bets. The pair is now testing the supply…
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EURUSD seeks support The US dollar advanced after the Philadelphia Fed President commented in favor of tapering this year. The single currency has not looked back after it turned away from the daily resistance at 1.1920. The bulls'…
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USDCHF awaits breakout The US dollar recovers thanks to firm US Treasury yields at the start of the week. The pair is still stuck in a horizontal consolidation between 0.9100 and 0.9190. Sentiment has leaned to the upside after a…
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USDCHF breaks support The US dollar tumbles as traders take profit ahead of Wednesday’s FOMC minutes. The break above the daily resistance at 0.9230 has led to an overextension. The RSI divergence at the supply area near 0.9260 was…
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USDCHF tests daily resistance The US dollar carries on its rally as the SNB sticks with ultra-loose policy. Strong momentum above 0.9090 indicates that the directional bias has shifted to the upside as sellers rush to bail out. The…
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Trump Appeals for Larger Stimulus The US dollar dropped by 0.24% yesterday, falling back to the lowest levels seen since April 2018. Progress on additional US stimulus saw fresh selling and a move back below the 90.00 mark. This…
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The financial meltdown has spared no indices. The UK100 plummeted to levels last seen in 2011, just shy of the critical level at the 4500 handle. It’s a confluence of some major tops and bottoms seen during the 2008 market crash. These…
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