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USDCAD TUESDAY TRADE
#OPINIONLEADER# The pair usdcad is playing out in the direction of my bullish bias, price bounces from a double bottom support level, and we currently have a buying pressure. I currently have a buy trade and watching closely for the next line action depending on the market reacti
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Why Interest Rates Matter to Forex Traders
Interest rates make the forex world go ’round! In other words, the forex market is ruled by global interest rates. A currency’s interest rate is probably the biggest factor in determining the perceived value of a currency. So knowing how a country’s central bank sets its monetary policy, such as int
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China: Growth outlook revised lower – UOB
Economist at UOB Group Ho Woei Chen, CFA, assesses the latest set of Chinese data releases. Key Points “China’s July data shows the economy slowing further as the outbreak of COVID-19 Delta variant since mid-July in a number of cities as well as floods in the country are sapping the growth momentum.
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USDJPY BOUNCES FROM MONTHLY RESISTANCE
#OPINIONLEADER# One the pairs I have on my radar for spectacular movement is the USDJPY, as price fell from 111.66 which is a key Weekly resistance zone. Price is currently experiencing a buying pressure from 109.55 support level, I expect price to hit the daily 50% Fib level at 110.6
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