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The EUR/USD broke above the February 2nd high and reversed down after forming a wedge top on the daily chart. The bears hope the wedge will have two legs down and test the April 10th low, the bottom...
FX markets continue to be buffeted by opposing forces and are struggling to define short-term trends. Despite some positive Chinese activity data, Asian currencies are not rallying, suggesting that...
The EUR/USD pair retreated for a second straight day on Monday, sliding below the crucial 1.1000 level. Despite the lack of significant data releases, the US dollar remains strong against its...
EUR/USD broke above the February high last Thursday. However, the breakout failed and reversed back down. The bears see a possible wedge top (March 23rd, April 4th, and April 14th). The bears have a...
The EUR/USD lost ground on Friday, trimming weekly gains as the U.S. dollar rose across the board amid the deterioration in risk sentiment. Still, the pair scored the fourth weekly advance in a row...
The EURUSD now has three consecutive strong bull closes. The bulls want a successful breakout above the February high and for the market to rally for some kind of measured move up of the...
The 0.5% decline in US March producer prices pushed on the door opened by the softer-than-expected CPI on Wednesday. The Fed funds futures market sees the year end rate to a 4.33%, while still pricing...
The Fed’s balance sheet shrank by 17.6 bn last week to 8,615 bn. Down 119bn over three weeks, the balance sheet is still 275bn higher than at the start of March.Pumping liquidity into the...
The EUR/USD has managed to maintain its upward momentum, holding above the critical psychological level of 1.1000. The euro rose for a third straight day on Thursday amid reports suggesting that the...
The EUR/USD got a strong bull close yesterday, closing above the past several days. The bull bars over the past two days are strong enough to increase the odds of a 2nd leg up and a test of the...
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