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Monthly Archives: March 2016

USDCAD: Pair Declines Below 1.30, Tests Cycle Lows

USDCAD_dmaH4

The Canadian dollar capitalized on the recent US dollar weakness and pushed to cycle highs, which are around 1.2920. It failed to break them yet, but the trend remains steeply bearish on the pair and it is very likely the

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GBPUSD: Cable Extremely Volatile, Fails above 1.44 Again

GBPUSD_dmaH4

Sterling has become increasingly volatile in the previous weeks and 300-400 pips movements during a week are now a standard weekly volatility. The same happened during this week, when the pair accelerated sharply higher on Monday from 1.4120 and soared

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XAUUSD: Gold Soars, Tests Key Resistance

XAUUSD_dmaH4

The bullion rose around 25 USD from yesterday’s lows and was spotted trading at 1,240 USD on Wednesday, with further gains possible if the current anti-greenback mood persists. Yesterday’s dovish Yellen speech sent the precious metal higher, although gold should

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USDJPY: Dollar Crashes on Dovish Yellen

USDJPY_dmaH4

The greenback was easing broadly on Wednesday as it continued to decline after the Tuesday’s slump. In her speech yesterday, Federal Reserve (Fed) Chair Janet Yellen sounded rather dovish as she hinted at the possibility of a return to zero

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DAX: German DAX Struggles Above 10,000

2903 Ranné správy DAX

Bulls are having troubles to push DAX above the 10,000 threshold and any rallies to these levels are being sold, which is not very positive for the long-term picture. It looks like the additional ECB stimulus had not a major

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EURUSD: Pair Erases Yesterday’s Gains, Awaits Yellen’s Speech

2903 Ranné správy Bukov

The US dollar was advancing slightly on Tuesday as investors are focusing on this week’s US macro data, which might reinforce/undermine the odds for April/June rate hike. The EURSUD pair was spotted trading around 1.1170 during the Frankfurt session, 0.25%

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XAUUSD: Gold Targets 1,200 USD Amid Profit Taking

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Bulls failed to hold post-FOMC gains and dropped sharply more than 50 USD in the previous days. The pre-FOMC support levels around 1,228/1,230 USD were broken and gold hit stops, which pushed the bullion further lower. The precious metal has

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GBPUSD: Cable Erases All FOMC Gains, Awaits UK Data

240316 GBPUSD

The pound has been hit hard in the previous days and dropped around 4 big figures since late Sunday. It broke below all important supports and is now testing the pre-FOMC lows around 1.4060. This week’s Brussels attack sent sterling

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DAX Conquers 10,000 Handle Again

DAX_dmaH4

German stocks have been rising since posting the low on Tuesday after terrorist attacks in Brussels. DAX managed to rise more than 300 points from yesterday’s lows and the momentum looks bullish, with stocks now testing this week’s highs of

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USDCAD: Pair Stuck in Consolidation Triangle

USDCAD_dmaH4

The USDCAD pair has been moving sideways after failing to break below the 1.30 handle and it was spotted hovering around 70-80 pips above this mark on Wednesday. The Loonie was trading somewhat lower on the day, undermined by the

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