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Buyers Keep Shorts At Bay

Just when it looks like shorts may have something to attack, buyers step in to make up the lost ground. The rally is out on a limb, but not enough to place it at the outer extremes of historic price action. So while there hasn't been any big pullback since the election, there isn't much to suggest a pullback is coming soon ...

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Why Sign Up With a Forex Signals Provider?

The main reason to sign up with a Forex signals provider is to improve your chances of making money on the Forex exchange. This exchange is where people from all over the globe meet in order to trade world currencies. Traders predict price shifts of world currencies and then attempt to use these price shifts to their advantage, via trades. If trades work out as planned, traders will earn money. Some people make a great deal of money...

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Week Ahead Dollar Mixed as Trump Pro-Growth Policies Remain Vague

Trump to Speak Before Congress on Feb 28 The U.S. dollar is mixed against majors as the Federal Open Market Committee (FOMC) minutes pointed to an interest rate hike “fairly soon” but were contrasted with cautious comments from Treasury Secretary Steven Mnuchin that have reduced expectations of pro-growth policies being introduced in the short term. House Speaker Paul Ryan invited President Trump at the end of January to speak before congress to...

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Morning Charts 02/24/2017 SPX /es

Remain calm. They are discussing coups and other disasters in the government that Oshithead left. No real problems with debt or the economy, that they want you to know. The recovery is in full force and rising rates are coming soon, risk off is exactly what they can't allow right now or anytime in the near future. Internet censorship would never happen here - it's ...

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USD Stumble Provides a Boost For Gold

Senior Market Analyst Craig Erlam gives his analysis on EURUSD, GBPUSD, EURGBP, AUDUSD, NZDUSD, USDCAD, USDJPY, GBPJPY, EURJPY, Gold, WTI crude, Brent crude, FTSE 100 and Dow. He also offers explanation as to why some of the broader moves are happening from a fundamental perspective. Dow Winning Streak Under Threat on Friday DAX Muted as Investors Looking for Cues Turning From Copper Into Gold

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Dow Winning Streak Under Threat on Friday

The Dow’s winning streak is set to be seriously tested on Friday, with US futures currently indicating that all three major indices will open around one third of a percentage point lower. In the absence of much economic data today and with the Fed taking the day off from public appearances, it appears we may be seeing some profit taking from traders which could see all three indices...

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52nd day of $QQQ short term up-trend; Market indexes extended

I learned this idea from my stock buddy, Judy. Whenever a rising stock or index floats above its rising simple 4 week average (the weekly low is well above the average), that security often times is extended and  it reverts to the average. This weekly chart of the SPY shows times in the recent past when this index ETF has become extended according to this definition. The red dotted line is the 4 week average. We may be facing a consolidation...

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USD/CAD – Canadian Dollar Steady Ahead of Canadian CPI

USD/CAD is showing limited movement in the Friday session. Currently, the pair is trading just below the 1.31 line. On the release front, it’s a busy day on both sides of the border. Canada releases a host of inflation indicators, led by CPI. The markets are expected to post a modest gain of 0.3% after two straight declines. In the US, the markets are forecasting mixed news from...

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