Nichol
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Euro edges higher, ECB eyes June cut
Euro recovers after dip The euro fell as much as 0.30% earlier but has recovered and edged higher. In the North American session, EUR/USD is trading at 1.0666, up 0.21%. The euro remains under pressure from the strong US dollar. Last week, EUR/USD fell 1.8% and dropped as low as 1.0601 this week, it
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Canadian Dollar recovery stalls on strong US data, hawkish Fedspeak
Upbeat US data and hawkish comments by Fed’s Williams throw a spanner on Canadian Dollar’s recovery US Initial Jobless Claims and housing data endorse belief in strong labor market, hot inflationary trends. USD/CAD pullback is losing steam right above 1.3730 support area. The Canadian Dollar (CAD) i
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Is Forex Trading Right for You?
Briefly explain what forex trading is.Highlight the risks involved in forex trading.Mention the importance of education and learning about technical and fundamental analysis.State that you offer forex account management services (but don't guarantee profits or recovery of losses).Include a call to a
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NZD/USD Price Analysis: Downward trend likely to continue despite indicators recovering
The RSI on the daily chart lies deep in negative terrain but recovered. The hourly RSI paints a growing buying momentum, trending the positive territory. The MACD on both charts signals a less intense selling momentum. The NZD/USD stands recovered to 0.5919, it seeing 0.60% gains. The dominant senti
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New Zealand’s Quarterly CPI Still Reflected Sticky Inflation
Partner Center Find a Broker New Zealand just printed its Q1 2024 CPI figures, with the headline reading coming in line with expectations of a 0.6% quarterly uptick. Not only was the actual result stronger than the previous period’s 0.5% increase in price levels, but underlying components also refle
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AUDJPY Elliott Wave: Forecasting the Path
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of AUDJPY Forex pair, published in members area of the website. As our members know we have been favoring the long side in YEN pairs. Recently we got a pull back that has made a clear 3
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Canadian Dollar hits fresh five-month lows after mixed inflation data
Canadian Dollar depreciates further after mixed Canadian inflation data. Core CPI eases to 2% YoY in March, feeding hopes that BoC might start cutting rates in June. Later Tuesday, Fed Chair Powell and BoC President Macklem will speak about Canadian economy in Washington. The Canadian Dollar (CAD) i
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