Tuesday , October 24 2017

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Bank of England keeps us waiting 3 weeks – 3 reactions

Bank of England

The Bank of England decided not to cut rates in a move that surprised many and boosted the pound. However, it kept us waiting for the next decision, just three weeks away. Here are three reactions: Here is their view, courtesy of eFXnews: BoE On Hold As We Expected; Paving The Way To An August Rate [...]

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EURUSD , GBPUSD , USDJPY and XAUUSD TA – July 15 2016

Master Forex Currency Trader

EURUSD Daily Analysis   EURUSD (1.112): EURUSD has been bullish for the past two days with price action seen clearing above 1.110 yesterday. Following the break of the inverse head and shoulders pattern yesterday, EURUSD remained largely flat with brief retest back to the broken neckline resistance of 1.110 to establish support. Further upside is [...]

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AUD/USD continues trending higher in channel after Chinese data

aud/usd

The Australian dollar continues looking good. After Australian employment data seemed good enough, figures from Australia’s No. 1 trade partner look even better. China reported a growth rate of 6.7% in Q2 2016 slightly better than 6.6% expected and identical to Q1. Industrial output surprised to the upside with 6.2% instead of 5.9% expected and 6% last [...]

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Nice Terror attack could impact GBP more than EUR

Nice Terror Attack

A villain murdered more than 80 people celebrating France’s Bastille Day in Nice, southern France. The horrific stampede is clearly an act of terror and it joins previous attacks in Paris and in the Brussels, Belgium. France has extended the state of emergency hours after President Hollande announced the planned removal of this measure. We also heard that [...]

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