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A GBP/NZD trade I recently placed got stopped out at breakeven, but I saw an opportunity forming on GBP/AUD so I re-entered via that pair. The chart below illustrates. It is a 4 hour chart so the resistance levels that explain why I chose my entry points are not visible; they are older levels that go back to February of this year.
U.S. economic growth fears mount as data disappoints, weighing on USD European data surprises fuel optimism, boosting EUR/USD Bond markets signal diverging growth outlooks for...
The dollar’s rebound faces a key test as traders assess Fed expectations, geopolitics, and slowing spending. With inflation cooling and rate-cut bets rising, markets eye jobs...
Eurozone inflation may have exceeded expectations, but it has slowed from the previous month. This allows the European Central Bank (ECB) to consider cutting its key interest rate...
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