Harry Dinkleberg just lost his beer money shorting cable, he blamed the market, flexed his finger and then aggressively shorted all pound pairs with huge forex position sizes. Later, he …
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USDCHF has fallen this week, buoyed by flight-to-safety flows following the strong sell-off in equity markets. The decline has pushed the price below its 200-day moving average near 0.8883, a…
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The Australian dollar strengthened as prices of commodities such as coal and copper recovered. Commodity prices rose after the People’s Bank of China unexpectedly cut lending rates. The US dollar…
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The Bank of Canada cut borrowing costs by 25 basis points to 4.5%. Canadian factory sales fell 2.6 per cent in June. The U.S. composite PMI index rose to 55.0,…
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Hello traders! Are you looking to add some power to your MetaTrader 4 (MT4) analysis toolbox? Then the Moving Average Convergence Divergence (MACD) indicator is your best choice. This powerful…
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2024.07.24 2024.07.24 Canadian Dollar Faces a Double Whammy. Forecast as of July 24, 2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The growing likelihood of Donald Trump winning the US presidential election has led to…
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The US dollar may be on the rise after trending lower earlier this month. Do you think the dollar is poised to rise? Check out the reversal pattern on the…
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High Risk Warning: Foreign exchange trading involves a high degree of risk and may not be suitable for all investors. Leverage increases risk and loss. Before trading foreign exchange, you…
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The Mexican peso rose 0.55% to trade at 17.92 after better-than-expected economic activity data. INEGI reported that stronger economic activity in May offset slower growth in retail sales. The developments…
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Powell suggested policymakers were becoming more confident about keeping inflation under control. The United States reported better-than-expected sales in June. The ECB kept interest rates unchanged but failed to provide…
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