Technical Analysis
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ECB preview: Central banks take a lurch to the dovish side
A theme is emerging as we move towards the final weeks of Q2, central banks are getting more dovish. ECB…
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EUR/JPY Retains bullish bias above 163.00
EUR/JPY gains ground to near 163.15 in Thursday’s Asian session. The cross maintains constructive view above the 100-day EMA, but…
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NZD/USD – Holds steady near 0.6030; moves little after Chinese PMI
NZD/USD struggles to attract follow-through buying amid a modest USD uptick on Thursday. The better-than-expected China’s Services PMI fail to…
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USD/MXN Finds resistance around 19.20 ahead of nine-day EMA
USD/MXN may find support around the eight-month low at 19.16. The RSI remains below the 50 level, strengthening the bearish…
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AUD/USD trims gains as US Dollar recovers ground, Initial Jobless Claims eyed
The Australian Dollar holds ground despite a decline in Australia’s trade surplus. China’s Caixin Services PMI came at 51.1 in…
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JPY/USD ticks lower, bias against a rebounding USD; bears lack conviction
The Japanese Yen turns lower against the USD, though the downside seems limited. Bets that the BoJ will hike rates…
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USD/CAD – More downside towards 1.3600 looks likely
USD/CAD trades vulnerably near 1.3650 as the US Dollar sees more downside on disappointing an array of US economic data.…
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EUR/USD consolidates below 1.1400 as good US data supports the Dollar
The Euro drops below 1.1400 following soft Eurozone CPI data. The US Dollar appreciates further on strong US employment figures.…
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NZD/USD – Support at the 0.6000 area keeps the upward trend intact
The US Dollar regained lost ground after strong US jobs data. NZD/USD remains bullish while above 0.5990. Below that level,…
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Chart of The Day – AUD/USD
Today we received the Q1 2025 GDP report for Australia. The data came in slightly below market expectations, both on…
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