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Although Wednesday’s US economic data were positive, the greenback continues to lose positions.
Quick and informative market overviews and trade ideas
Although Wednesday’s US economic data were positive, the greenback continues to lose positions.
The US dollar index found support around 94…
The US dollar index is falling. It is trading below $93.80. The support lies at $93.55.
The USD index spiked to resistance at 95…
Oil is always an interesting topic to discuss. Other markets may be steady, however, the oil one never is.
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US dollar experienced a correction…
The US dollar index reached the psychological level of $95, however, couldn’t stick there and lost some pips. Tuesday’s consumer confidence data was weaker than the forecast.
The US dollar managed to rebound after Monday’s morning fall. The US dollar index is at a new high of $94.40 now.
Fundamental and technical analysis of EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, EUR/GBP, NZD/CAD, AUD/JPY, and GBPJPY…
The US traded in the positive territory but had trouble with moving much higher.
The pound is highly volatile after a Brexit referendum. Have a look what other factors affect the UK currency. And get clues on future movements of GBP.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!