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Monthly archive November, 2016

Markets await OPEC meeting, USD fights back but gains are capped

The second reading for annualized Q3 GDP for the US was out at 3.2%, improving from the previous reading of 2.9%. US Consumer confidence for November surged to 107.1 after a previous 100.8 in the previous month.

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USD/JPY: 23.6% Fibo Key; EUR/USD: Multi-Decade Channel Key – SocGen

USD/JPY has achieved an intermittent projection for the up move at 113.65/114 and formed a doji candlestick which is giving way to an initial pullback. Next significant hurdle stands at 116 which happens to be the potential of the Read More →

Trump rally shows signs of hesitation, US indices and USD take a breather

Markets seemingly paused, with the major US equity indices closing in the red yesterday as performances showed some hesitation in taking the Trump election rally forward. Even the US Dollar index (DXY), an index that measures the of the USD Read More →