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Monthly archive February, 2020

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GBP/USD – Another Downswing will form a Head and Shoulders
FX News 11046
4 years ago admin

GBP/USD – Another Downswing will form a Head and Shoulders

GBP/USD 4H chart 9/3/2013 8:35 ET

(click to enlarge)

Head and shoulders: After retreating from 1.5717 GBP/USD held above a previous support at 1.5421 and is now back up to test the 1.56 handle where it has so far Read More →

AUD/USD – Price Bottom Attempt
FX News 11046
4 years ago admin

AUD/USD – Price Bottom Attempt

AUD/USD 4H chart 7/19/2013 8:55AM ET

(click to enlarge)

Bearish Momentum: AUD/USD has been sharply bearish since April 2013, when it fell from about 1.0590. The bearish mode remains as lower highs and lower lows are established, but the Read More →

U.S. Trade Deficit Widens In December Amid Jump In Imports
FX News 11046
4 years ago admin

U.S. Trade Deficit Widens In December Amid Jump In Imports

With a jump in the value of imports outpacing an increase in the value of exports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit widened in the month of December. The Commerce Department said the Read More →
ECB’s Lagarde Says Coronavirus Added New Layer Of Uncertainty
FX News 11046
4 years ago admin

ECB’s Lagarde Says Coronavirus Added New Layer Of Uncertainty

European Central Bank President Christine Lagarde said on Wednesday that the novel coronavirus, or 2019-nCov, outbreak in China is a new risk to the European economic outlook. "While the threat of a trade war between the United States and China Read More →
Dollar Sees Another Bright Session
FX News 11046
4 years ago admin

Dollar Sees Another Bright Session

The U.S. dollar continued to exhibit strength against most of its peers on Wednesday, extending recent upswing, on the back of fairly upbeat economic data and on reports that some breakthroughs have been made in the development of treatments for Read More →
U.S. Service Sector Activity Grows At Faster Rate In January
FX News 11046
4 years ago admin

U.S. Service Sector Activity Grows At Faster Rate In January

Indicating a modestly faster rate of growth in U.S. service sector activity in the month of January, the Institute for Supply Management released a report on Wednesday showing an increase by its non-manufacturing index. The ISM said its non-manufacturing index Read More →

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