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Tag Archives: forex analysis

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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Accolades, knocks greet new forex policy – Guardian

GuardianAccolades, knocks greet new forex policyGuardianCommendation and knocks have continued to greet the recent new foreign exchange (forex) policy rules introduced by the Central Bank of Nigeria (CBN) as part of measures to streamline the market and ensure pressure is taken off the Naira. While some ...FOREX: Speculators abandon positions, incur over N45bn lossesVanguardNigeria issues welcome reform to forex for overseas studyThe PIE NewsCBN forex policy ...

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Lawmakers Lash Out at Brexit Bill

U.K. lawmakers in Prime Minister Theresa May’s Conservative party hit back at claims from Austrian Chancellor Christian Kern that Britain will be charged 60 billion euros ($63 billion) to leave the European Union as tensions surge ahead of Brexit talks. In a Bloomberg interview on Thursday, Kern became the first EU leader to put a value on the size of the U.K.’s Brexit bill. While May’s office was muted in its public comments, Kern’s warning that there would...

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Turning From Copper Into Gold

The copper selloff develops nicely as base metals sink while precious metals fly. Metals are diverging as we roll towards the end of a quiet week and the month end. Metals that you dig out of the ground, melt and then make into wires, cars, machines, etc have been sagging after a breathtaking run. Metals that you dig out of ...

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Asia Market fall tracking US counterparts

Stephen Innes, senior trader at OANDA, said in a note the comments “have left investors dangling about the US administration currency policy as there appears to be a subtle shift in the Trump administration’s rhetoric”. The comments overshadowed his promise to push through tax cuts by August, and pursue deregulation on companies and banks. “One reason the market is ...

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RBA Parked in Neutral

“IN 2 HOURS | 12.10pm” Little Lowe opposition to dollar strength The Reserve Bank governor has offered little opposition to a stronger Australian dollar in Senate testimony today, OANDA senior trader Stephen Innes says.   “RBA’s Governor Lowe offered little opposition to the stronger AUD in this morning’s speech and dealers still view the bar as extremely high for an interest-rate cut from the RBA,” Mr Innes says. “I suspect the RBA ...

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The Mnuchin Media Roadshow

The Mnuchin Media Roadshow It was a flat session overnight for US equities. While US bond markets traded a touch firmer, investors continued to absorb the FOMC minutes. However, there is no smoking gun as the FOMC minutes failed to move the March rate hike needle, but rather, the currency markets were engrossed by US Treasury Secretary Mnuchin, whose comments have left ...

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