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Monthly Archives: February 2017

Gold Fights for 200 Day Moving Average

gold

The price of gold failed to hold Monday’s EU session gains and dropped during the US session, with the bullion trading flattish on Tuesday and it was seen hovering around 1,255 USD. Traders will now focus on today’s US macro

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AUDUSD: Aussie Ticks Higher in Risk-on Session

AUDUSD

The Australian dollar rose modestly on Monday and was trading 0.30% stronger during the London session, with the AUDUSD pair spotted hovering slightly below the 0.77 level. The session looked positive so far and the risk-on mood was observed on

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USDCAD: Loonie Trades Flattish, Awaits Inflation Figures

usdcad

Volatility has been low so far on Friday and the USDCAD pair was trading marginally lower during the London session, hovering slightly below the 1.31 mark. Traders will focus on inflation data from Canada, which are due later in the

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Topforex supports the Slovak National Hill Climb team

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Topforex is a proud sponsor of the Slovak National Hill Climb team that participated in Minirally Levoca on February 18th, 2017. Peter Florek as a forerunner, in cooperation with Mitsubishi Lancer EVO X, set out to compete on a snow-covered,

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Gold Struggles Below 1,240

Bez názvu

The price of bullion was erasing yesterday’s gains and was trading slightly lower on Thursday, seen around 1,236 USD during the London session. Wednesday’s FOMC minutes brought no big surprises as the Fed appears to be ready to raise rates

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EURGBP: Cross Trades Below 200 DMA, Posts 2 Mth Lows

eurgbp

The EURGBP cross continued to decline on Wednesday, brought lower mainly by the euro weakness and it was seen 0.10% lower during the London session, trading around 0.8430. The EU calendar brought German Ifo surveys for February, which surpassed expectations.

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EURUSD: Greenback Pushes Higher on Tuesday

eurusd

The US dollar was trading broadly higher on Tuesday and the EURUSD pair was seen dropping 0.4% and trading around 1.0560 during the London session. Earlier in the session, French services PMI for February jumped to 56.7 from 54.1 previously,

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USDJPY: Yen Drops As Trade Deficit Worsens

usdjpy

The Japanese yen declined slightly on Monday and the USDJPY pair was trading back above the 113.00 handle, adding 0.2% during the London session. Japanese merchandise trade deficit worsened in January and dropped to 1,086 billion JPY from a trade

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EURGBP: Cross Trades Above 200 DMA, Awaits UK Shopping Data

eurgbp

The EURGBP cross was trading slightly lower on Friday and was seen around 0.8535 during the London session, but it was still hovering above the important 200 day moving average. Market participants are now awaiting today’s UK retail sales numbers

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Dollar Crashes Despite Positive Macro Data

DXY

The Dollar index was sold-off notably on Wednesday and erased all daily gains, posting a negative bearish pin bar on the daily chart. The index was slightly lower on Thursday and was seen hovering marginally below the 101.00 level. Wednesday’s

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