By: fxstadium
Reports from Reuters highlight that the US dollar is at its lowest in one year, while the euro has touched its highest level in 17 months. The euro has climbed to $1.1256 against the dollar. On the other hand, the dollar index remains under pressure at around 103.30. The weakening of the dollar is bad […]
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Bullish View Take Profit: 1.1300 Stop Loss : 1.1200 Timeline: 1 day Bearish View Sell Stop : 1.1215 Take Profit: 1.1150 Stop Loss : 1.1300 Recently, the EUR/USD pair price went up hitting a fresh high of 1.1240, which is the peak price since March, 2022. The pair has gained some momentum prior to the […]
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The market awaits the release of the United States’ Consumer Price Index (CPI) today, a crucial indicator of inflation. Forecasts suggest a 0.3% rise in monthly inflation, while the annualized rate is expected to sharply decrease to 3.1% following a significant drop in the previous month. If the actual CPI data surprises with a smaller […]
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Bearish View Take Profit: 0.6600 Stop Loss : 0.6750 Timeline: 1-2 days Bullish View Buy Stop : 0.6700 Take Profit: 0.6800 Stop Loss : 0.6600 As of now, the Australian Dollar pair is not showing any signs of a solid trend as it continues to move back and forth within a range. The pair price […]
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In March, China’s Caixin manufacturing PMI declined to 50.0 from an eight-month high of 51.6 due to weaker external demand. Following weaker-than-expected factory activity in China, the safe-haven yen gained points, particularly after opening lower. Over the weekend, OPEC and Saudi Arabia made a surprise announcement of oil production cuts, causing a sharp increase in […]
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Bearish View Take Profit: 1.0717 Stop Loss: 1.0925 Timeline: 1-2 days Bullish View Buy Stop: 1.0880 Take Profit: 1.0950 Stop Loss: 1.0765 The pair was having a sell-off from Friday which is being sustained with the drop to 1.0850, which is ~0.80% below the peak price recorded in March and also the lowest price since […]
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The annualized rate of Australian CPI (inflation) has decreased from 7.4% to 6.8%, which is a significant decline and exceeds the projected figure of 7.2%. The Australian Dollar experienced a slight decline after the announcement since this may reduce the anticipated requirement for rate increases by the RBA. Numerous commodities, including WTI Crude Oil, are […]
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Short Position Take Profit – 25,260 Stop Loss – 28,000 Timeline: 1-2 days Long Position Buy Stop – 27,800 Take profit – 28,800 Stop loss – 26,000 Fundamentally speaking, the regulatory issues over the crypto industry are causing some turbulence in the crypto market. The price of the pair is also being impacted by the […]
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In April, U.K. retailers saw positive sales expectations for the first time in seven months, according to the Confederation of British Industry’s report. Governor Bailey’s statement hinted that the Bank of England is not overly concerned about the banking sector. He stated that “With the Financial Policy Committee taking charge of maintaining financial stability, the […]
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Bearish View Take Profit: 1.0650 Stop Loss: 1.0850 Timeline: 1-2 days Bullish View Buy Stop: 1.0800 Take Profit: 1.0900 Stop Loss: 1.0700 The EUR/USD pair is most likely to have a bearish breakout, judging from the formation of a bearish flag pattern on the charts. We also saw the RSI moving above the neutral point […]
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