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Monthly Archives: December 2015

EUR/GBP: Euro Fails at 0.74 Again

EURGBPH4

The cross has been fighting for the 0.74 resistance in the previous days, but bulls failed to clear this area, with the cross staying below, despite a massive plunge in the GBP/USD pair in the previous session. The euro was

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USDCAD: Pair Consolidates Below 1.40

USDCADH4

Not much is happening on currency markets and the greenback is trading somewhat lower against commodity linked currencies such as the Aussie or Kiwi, although the USDCAD did not catch any momentum and has been trading sideways in the previous

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AUDUSD: Aussie Tests Critical Resistance

AUDUSDH4

As commodities were erasing yesterday’s losses, so was the Australian dollar. The AUDUSD pair was trading 0.4% higher on Tuesday and was fighting for the key technical resistance of 0.7280 during the London session. The already mentioned consumer confidence should

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GBPUSD: Cable Forms Reversal Bullish Pattern, Will it Push Above 1.50?

GBPUSDH4

As there are no major macro events on the agenda for this week, the attention turned to the sentiment and the technical analysis. The anti-dollar mood from the previous week continued during this week as well, but cable failed to

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EURUSD: Pair Hovers Below 1.10 Mark

USDJPYDaily

The euro-dollar pair was trading elevated on Monday and was slowly rising toward the psychological level of 1.10. As there are no major events planned on Monday, volatility is expected to be lower. Furthermore, there is not much on the

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USDJPY: Greenback Fights for Bullish Trend

USDJPYDaily

The pair was seen 0.3% higher during the London session on Monday and was testing some strong resistances, which are crucial for the near future of the pair. During the night, Japan industrial production for November declined notably from 1.4%

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USDJPY: Pair Hovers Around 121, Bearish Trend Intact

USDJPYH4

The pair managed to defend the 121 level for now, although dropping below this mark on Tuesday. The greenback dipped broadly in the previous session and the momentum is now bearish for the US dollar. On Tuesday, the US GDP

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EURGBP: Cross Fails at 0.74, Remains Strong

EURGBPH4

The euro-sterling cross has risen nearly four big figures since the European Central Bank decision. As cable remained muted, trading below the 1.50 mark and the EURUSD pair pushed above 1.09, it was a good opportunity for the cross. However,

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AUDUSD: Aussie Cancels Bearish Trend

AUDUSDH4

As already mentioned, the Australian dollar has been performing well in the previous day, with the AUDUSD pair spotted 0.8% higher during the London session on Tuesday, trading at 0.7245. There are no data from Australia scheduled for this week

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EURUSD: Pair Jumps Above 1.09 on US dollar Weakness

EURUSDH4

The greenback came under selling pressure on Monday, which continued on Tuesday as well. The US dollar was weakening especially against the Australian and New Zealand dollar. The EUR/USD pair managed to break the 1.09 handle and the pair continued

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