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Gold trade on Forex

Do you want to know, is it favourable to trade in gold on Forex? Are there any effective strategies. Answers on these questions you can find in this article.

Everything about eurobonds

Eurobonds are the type of securities. These are stocks produced in the currency, that is not native for  emitters (organizations, which release shares for their own development) for foreign investors, for whom the currency also can be not native.

USD/CAD: Buyers grapple to hold recent recovery, Canadian/US data in focus

Pullback in crude prices joins the USD profit-booking. Canadian CPI/Retail Sales and the US PMI/Housing should be observed next. USD/CAD trades near 1.3370 during early Friday. The pair struggles to hold recent uptick to 1.3400 as a pullback of the US Dollar (USD) confronts crude recovery at the day’s start. Traders may now look for …

Bank of England leaves policy rate unchanged at 0.75% with unanimous vote as expected

In a widely expected decision, the Bank of England’s Monetary Policy Committee held the policy rate unchanged at 0.75% with a unanimous vote. The asset purchase facility remained steady at €435 billion as well. Below are some key takeaways from the monetary policy statement. Since the Committee’s previous meeting, the news in economic data has been …

AUD/NZD Technical Analysis: Break of 1.0365/70 can validate recent pullback after Aussie employment data

AUD/NZD is on bids around 1.0340 during early Asian sessions on Thursday. The quote recently bounced from intra-day low of 1.0297 as eight-year low (4.9%) Australian unemployment rate grabbed more market attention than soft employment change figure of 4.6K versus 14.0K expected and 39.1K prior. While oversold levels of 14-bar relative strength index (RSI) and …

GBP/USD: Sharp intraday slump to 1-week low finds some support near mid-1.3100s

   •  May’s confirmation for a short delay until June 30 prompts some aggressive selling.    •  Technical selling below 1.3200 handle/200-hour SMA further aggravates the momentum. The bearish pressure surrounding the British Pound picked up the pace in the last hour, with the GBP/USD pair tumbling to mid-1.3100s or one-week lows. The market reaction …

AUD/USD drops 40 pips as trade optimism fades, risk sentiment sours

The Aussie dollar is losing ground in Asia, currently down 40 pips from the high of 0.7091 in early Asia.  Risk sentiment has soured on reports that China China may walk back concessions.  RBA’s Bullock said the central bank is encouraging lenders not to tighten too much.   AUD/USD is currently trading at 0.7061 (50% …

GBP/USD spikes beyond 1.3300 mark and retreats

   •  Upbeat UK earnings data/fall in unemployment rate provided a minor lift earlier.    •  Incoming Brexit headlines further boost sentiment surrounding the British Pound. The GBP/USD pair remained well bid through the mid-European session and spiked beyond the 1.3300 handle in the last hour, albeit quickly retreated few pips thereafter. The pair regained …

AUD/JPY Technical Analysis: Rising wedge breakdown on 4H

AUD/JPY’s previous 4-hour candle closed at 78.99, confirming a rising wedge breakdown – a bearish reversal pattern.  So, the pair may fall back to 78.83 (4H 200-candle MA). Validating that bearish case is the negative crossover of the 5- and 10-candle moving averages (MA).  On the higher side, a break above 78.74 would confirm a …

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