Wednesday , August 17 2022

Recent Posts

EUR/USD consolidates gains but remains limited by 1.10


Risk aversion continues to support the euro. EUR/USD rose again to test daily highs but after reaching 1.0982 pulled back again toward the 1.0950. Stocks in Wall Street extended losses. The Dow Jones is falling 3% and the Nasdaq 3.55%. During the last hours the pair has been hovering between ...

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US State Of The Union: Obama optimistic on the economy

President Barack Obama

During today’s State of the Union Address in the United Stated, President Barack Obama stressed to focus on the future, initially making mention to the necessity of fixing a broken immigration system, protecting kids from gun violence, equal pay for equal work, paid leave, and raising the minimum wage. On ...

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Oil ends the week below $30.00 a barrel


Crude fell more than 5% on Friday and dipped below $30 a barrel amid risk aversion and concerns that Iran will add to the supply glut. West Texas Intermediate crude for February fell 5.7% to settle at $29.42 a barrel on the New York Mercantile Exchange. It earlier scored a ...

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USD/MXN soars above 18.00, at new all-time-high


Another decline in crude oil prices and in stocks weakened further the Mexican peso. USD/MXN rebounded from 17.85, broke above 18.00 and jumped. It rose during all the American session and peaked at 18.32, the new record high. The pair is about to end the week near the highs with ...

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Learning From Adversity


This is my second week in the Explosive Growth Mentoring Series trading room. I’ve been experiencing explosive growth in my account for sure. I opened a small account last Tuesday afternoon just for this room and it has done so well that I added cash to […]

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AUD/USD bears tiring post dovish FOMC minutes

US Dollars

AUD/USD is currently trading at 0.7065 with a high of 0.7171 and a low of 0.7043. AUD/USD has been supported in the US session after the release of the dovish FOMC minutes. The price had otherwise been in free-fall in the start of 2016 on the back of the Chinese ...

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