Intraday Trading

EURGBP seeks support The pound steadies ahead of the Bank of England's policy announcement. The pair is consolidating its gains after rising above the daily resistance of 0.8700. Sentiment remains overwhelmingly bullish though…
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EURUSD hits resistance The US dollar jumps back as accelerating home price growth supports a hawkish guidance from the Fed. The pair had found a foothold over 1.0520 but came under pressure near the previous peak of 1.0690. A U-turn…
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AUDUSD tries to rebound The Australian dollar inched higher after September’s retail sales shot above expectations. The pair is still grinding its 12-month low of 0.6270 as the medium-term bulls try to avoid a deeper correction. Its…
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USDCAD breaks key resistance The US dollar advanced further after steady core PCE in September suggested persistent inflation pressure. The price has lifted offers around last March’s peak of 1.3860 and would force the bears to throw…
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EURUSD struggles for support The euro softened after the ECB kept its interest rates on hold as widely expected. Despite a new high above 1.0640, short-term bulls’ failure to hold onto their gains above 1.0570 at the base of the breakout…
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USDCAD breaks higher The Canadian dollar weakened after the BoC left its interest rates unchanged. The pair has capitalised on its bounce off the 20-day SMA (1.3580) and a close above 1.3780 indicates that the bulls have made their way…
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GBPUSD hits resistance The pound saw some support from better-than-expected job data in September. A jump above the first hurdle of 1.2220 has prompted sellers to cover some of their bets. The supply zone 1.2290-1.2330 at the recent…
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USDCHF looks for support The US dollar drifted lower as Treasury yields pulled back from its 16-year high. The greenback has retraced half of its gains from the summer rally and is striving to hold onto its edge at the round number of…
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USDJPY grinds major resistance The Japanese yen extended losses after the CPI showed a cooldown in September. On the daily chart, the price is crawling back to its 12-month high of 152.00 as the bulls area tread cautiously in this…
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EURUSD struggles for support The US dollar strengthened after Fed officials echoed the need for interest rates to stay high for a while. A break above the previous swing high of 1.0610 has offered buyers some relief by forcing the…
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