Currencies News

Will FX Traders Care More About Election, Stimulus Or PMIs?

Will FX Traders Care More About Election, Stimulus Or PMIs?

In terms of economic data, Friday is the most important day this week. Markit Economics will be releasing PMI numbers for Australia, the Eurozone, UK and the U.S. These are important reports because they measure the pace of growth in the service and manufacturing...

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GBP/USD Opportunity | Investing.com

GBP/USD Opportunity | Investing.com

Bearish is currently at 1.3094 in a corrective move in a range.  IF we can break support here, we are looking for a continuation to the ATR target at 1.3024 area. This is the key area for a bounce. Watch the USDX for direction. The ATR for the pair currently is 126...

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Broader Dollar Decline Alerts Investors

Broader Dollar Decline Alerts Investors

Simultaneous pressure on the dollar and risk assets in the markets is continuing. Futures on lost 3.7% from recent highs on Oct. 12. The fell to its lowest level since September 2nd, almost completely recouping the correction rollback of the previous month....

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USD/CHF Trades Within A Downside Channel

USD/CHF Trades Within A Downside Channel

has been in a recovery mode since yesterday, when it hit support at 0.9030. Nonetheless, overall, the pair continues to trade within the downside channel that’s been containing the price action since September 28th, as well as below all three of our moving averages on...

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