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Tag Archives: forex analysis books

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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DAX Muted as Investors Looking for Cues

The DAX Index is quiet in the Friday session, as the index is down by 0.30%. Currently, the DAX is trading at 11,920.90 points. On the release front, there are no eurozone economic indicator, so it could remain a quiet day. On Thursday, the DAX briefly pushed across the symbolic 12,000 level, but has since retreated. In tandem with other stock markets, the DAX shrugged off the Federal Reserve’s January minutes. There were no dramatic ...

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China Grand Champions of Currency Manipulation

President Donald Trump declared China the “grand champions” of currency manipulation on Thursday, just hours after his new Treasury secretary pledged a more methodical approach to analyzing Beijing’s foreign exchange practices. In an exclusive interview with Reuters, Trump said he has not “held back” in his assessment that China manipulates its yuan currency, despite not acting on a campaign promise to declare it a currency manipulator on his first day in office. “Well they...

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Good Recovery

In early morning action it was a clear swing to sellers after yesterday's non-event. However, buyers came back and were able to make a good chunk of these losses into today's close.Large Caps remained the most attractive as defensive stocks often are during times of doubt. The S&P registered higher volume accumulation as intraday action proved to be relatively tight.The Nasdaq suffered larger losses, but there was no distribution to go with it. Technicals...

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Morning Charts 02/23/2017 SPX /es

Well, its roast CNN and #fakenews day. This could be fun.FOMC dud. Louis Winthorpe III‏@LWinthorpe 14m14 minutes agoMoreLouis Winthorpe III Retweeted Ryan Detrick, CMTWait till we hit 15Louis Winthorpe III added,Ryan Detrick, CMT@RyanDetrickSince 1900, the #Dow has made new all-time highs 9 consecutive days only 5 times. In other words, the past 9 days are what we'd call rare.On to the lie -DOW Daily - Seems somewhat excessive. but given the new normal and the Total ...

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Semiconductors Have Best of Day’s Action

The long weekend didn't give bulls reason to pause. Instead, it was gains all around. The biggest winner was the Semiconductor Index as it logged nearly double other indices gains. This was enough to return 'sell' triggers in MACD and CCI back to 'buy' triggers. It also worked the index off rising support.The Nasdaq 100 and Nasdaq gained alongside the Semiconductor Index. ...

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Oil at Top of Trading Range as Output Cuts Take Effect

Oil rose on Tuesday after exchange data showed hedge funds placing record bets on North Sea and U.S. crude as OPEC production cuts tightened supply. Benchmark Brent futures were up 50 cents at $56.58 a barrel by 0930 GMT. U.S. light crude was up 50 cents at $53.90, having risen by about 0.5 percent in a shortened session on Monday because of a U.S. national holiday. Money managers now hold the highest volume of ...

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Morning Charts 02/21/2017 SPX /es

Australia wants to do what? Zero Percent Down Loans In A Raging Bubble: Didn’t We Try This Before?On to the lie - SPX Daily - Ya know, whatever floats their boat. Freedom watch - Deep state shit - it's real. Stockman Warns Trump "Flynn's Gone But They're Still Gunning For You, Donald"More to come below. Have a good day. GL and GB!

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