USDCHF ran lower this week and made bearish breaks. Can the sellers keep control.

4 hour chart shows the progression lower. The USDCHF this week trended lower and along the way, cracked below some downside technical levels.    Looking at the 4-hour chart above, the price started the technical breaks below an upward sloping trend line, fell below the 100 bar MA  (blue line) and then the 200 bar […]

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NZD/USD erases yesterday’s advance, buyers lose near-term control

NZD/USD falls to a session low of 0.7011, slipping just below its 100-hour moving average Invest in yourself. See our forex education hub. After a poor showing yesterday, the dollar has managed to reverse losses against the antipodeans with NZD/USD seen falling to a low of 0.7011 today. That pretty much erases the advance yesterday […]

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Dollar looks for next catalyst as economic data keep bulls in control

© Reuters. Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration By Stanley White TOKYO (Reuters) – The dollar was largely steady on Monday as investors soaked up last week’s strong U.S. employment report and looked ahead to data on the U.S. services sector for affirmation […]

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EUR/USD eases to session lows as sellers look to seize near-term control

EUR/USD falls to a low of 1.1918 to start the session Invest in yourself. See our forex education hub. The dollar is holding slightly firmer footing to start the day, helped by a decline in the yuan earlier, though the rest of the market is keeping steadier in general for now. The euro is among […]

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Analysis: Vowing budget control, Brazil faces pressure to keep spending

2/2 © Reuters. FILE PHOTO: Federal Deputies Pacheco and Andrada seen during Commission of Constitution and Justice meeting in Brasilia 2/2 By Jamie McGeever BRASILIA (Reuters) – Brazil’s government entered 2021 determined to slash last year’s record budget deficit, but a devastating second wave of COVID-19 and fragile economic growth are piling the political pressure […]

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Analysis: Thin Democratic control of Senate offers Biden chance for steps on climate

By Timothy Gardner and Valerie Volcovici WASHINGTON (Reuters) – Democratic control of the Senate offers President-elect Joe Biden an opportunity to advance parts of his climate agenda, but the paper-thin majority likely puts sweeping global warming legislation beyond reach. The election of Democrats Raphael Warnock and Jon Ossoff in the Georgia run-off on Tuesday put […]

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Gold stalls at $1,900 again but buyers continue to keep in control for now

Gold gains remain limited going into the year-end Amid thinner market conditions, gold doesn’t much to work with as the year winds down as buyers are finding it tough to build further momentum after a solid December. For now, the $ 1,900 handle and the 100-day moving average (red line) is helping to put a […]

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Gold extends rebound to $1,830 as buyers seize back near-term control

Gold up by over 0.8% on the day currently For bank trade ideas, check out eFX Plus Gold is extending its rebound above the $ 1,800 level in trading today after managing to close above that following a solid bounce yesterday. The high now touches $ 1,832 and we are seeing buyers seize more near-term […]

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EUR/USD falls to session low as sellers wrestle back some near-term control

EUR/USD falls below 1.1800 to a session low of 1.1780 For bank trade ideas, check out eFX Plus The pair is slipping to fresh lows on the session as we see EUR/GBP also move lower to test 0.8900, past its 200-day moving average @ 0.8920. The euro is struggling to find some footing on the […]

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Gold rebounds back above 100 day MA. Buyers back in control before election results

The 100 day MA at $ 1895.12 The price of gold followed the USD yesterday. The dollar fell (was the weakest of the majors) and in the process, gold rotated higher.  Realization of a Biden victory.  It seems that way.   Technically, the price reaction tilted the bias more to the upside on the break back […]

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