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Author Archives: Forex Crunch

NZD/USD drops to 0.68 following GDT auction

GDT price index falls for the 12th straight time. Commodity sell-off intensifies to weigh on the kiwi. US Dollar Index advances to 96.60 area. The NZD/USD pair came under a renewed selling pressure in the second half of the day ...

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EU’s Barnier: Integrity of single market is common priority

“Good exchange w/ ministers on occasion of 50th EEA Council. Shared goal of working towards orderly withdrawal of UK from EU/EEA. Will pursue close dialogue on basis of draft agreement, eg to secure life choices of EU & EEA citizens.​​​​​​​ Integrity of ...

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Canadian Dollar: Is it out of the woods?

The Canadian Dollar fell to the lower ground with oil but stabilized. A double-feature Friday brings the focus back to Canadian data. The technical picture is slightly bullish for the pair but the experts are only bullish in the short ...

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GBP/USD is not as stable as it seems

GBP/USD is looking relatively stable for a change, just like Prime Minister Theresa May that does not suffer a broad rebellion just yet. However, the currency pair faces more upside resistance than support. The Technical Confluences Indicator is currently struggling with a dense ...

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Elliott wave Analysis: USDJPY and USDCAD

USDJPY may continue lower as we see a turn down from the highs as a leading diagonal; thus start of a new change in trend that will ideally resume through 112.94 bearish level, while pairing trades below 114.20 invalidation level. ...

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