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Author Archives: Forex Crunch

Data drives the dollar higher and higher

And, also the Fed helps. US jobless claims came out at 260K, better than 266K expected. The US trade deficit squeezed from 43.6 to 42.4, also slightly above expectations. Factory orders also beat expectations by rising by 1.2%, better than ...

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Data drives the dollar higher

And, also the Fed helps. US jobless claims came out at 260K, better than 266K expected. The US trade deficit squeezed from 43.6 to 42.4, also slightly above expectations. These are not top-tier figures but they seem to have triggered ...

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EUR/USD slips on dovish comments from the ECB

The European Central Bank released its meeting minutes from the September meeting and they repeat their dovish tone. They stress that the policy should remain highly accommodative no matter what happens. Back then, ECB president put an emphasis on the exchange ...

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EURUSD Might Be Just Getting Ready for a Rise

The EURUSD pair has been trading in a close to 400 pips range since the beginning of August. The major support and resistance of this range are: Support: 1.1700 Resistance: 1.2100 Today, I am looking at the 4 Hour chart. ...

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