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- EUR/USD might break its recent downtrend
{image}Despite a softer PPI report, the EUR/USD has arrived inside a resistance range between ...
EUR/USD chart: EUR/USD rose to a 5-day high on Friday, with its rally stopping just shy of the 161.8% Fibonacci projection. Yet the sharp reversal saw the day close with a large bearish Pinbar on the daily chart, which marks a potential swing high ...
Over the past few days we have seen a host of data from China miss the mark and revive fears of a global slowdown. New bank loans in July were less than a quarter seen in June with job concerns, a property crisis and rise in COVID cases saw ...
The conditions for a higher USD/JPY have been perfect. US inflation continues to rise above expectations (and at an alarming rate), whilst the Fed’s 50 and forthcoming 75-bp hikes are doing little to dent it. But we also have the BOJ fixated on an ...
- EUR/JPY pushes lower
Eurozone and US PMI data fell to its lowest levels since June 2020 and August 2020 respectively, ...