NASDAQ Composite

USDCHF struggles for support The Swiss franc rallies as new sanctions against Russia trigger a flight to safety. The pair has met stiff resistance in the supply area (0.9290). Then a drop below 0.9220 and 0.9170 suggests that…
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EURUSD recovers on narrowing divergence The US dollar steadies as bullish catalysts fade. Contrary to the market's belief, the US Fed may not push interest rates flat out. The January meeting minutes suggest that hikes could still…
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USDJPY to test major resistance The US dollar surged after consumer prices hit a 40-year high. Higher lows and then a close above the recent peak at 115.65 is an indication of strong bullish pressure. This breakout has propelled the…
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EURUSD soars on hawkish ECB shift The euro surges as the market wagers on an interest rate increase in the eurozone this year. The ECB has finally acknowledged that high inflation could last longer than expected. Christine Lagarde…
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EURUSD weakens ahead of Fed meeting The US dollar rallies as the markets price in a hawkish tone out of this week's Fed policy meeting. As the US unemployment rate falls under 4% and inflation reaches a 40-year high, traders are…
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USDJPY breaks higher The US dollar inched higher after November’s core PCE jumped to 4.7%. A break above the supply area near 114.20 indicates that the bulls have gained the upper hand. As sellers rush to the exit, the pair may…
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NAS 100 pulls back Investors took profit after Jerome Powell’s renomination as US Federal Reserve Chairman. The tech index saw an acceleration in its rally after a break above the previous peak (16450). Strong momentum suggests that…
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GBPUSD buried in bearish territory The pound continues to retreat after Britain’s growth fell short of expectations in Q3. A break below September’s low at 1.3420 has invalidated the latest rebound, putting buyers on the defensive once…
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EURUSD weakens on solid US jobs The US dollar rallied as the Fed began to reduce its $120 billion asset-buying program as previously announced. The central bank has stayed elusive about its rate hike agenda though. With inflation…
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USDCAD consolidates at 4-month low The US dollar retreats ahead of this week’s FOMC as traders await further catalysts. Price action has stabilized above 1.2300, a major demand zone from last summer. 1.2430 from the latest sell-off…
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