forex for beginners
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Germany HCOB Services PMI registered at 48.7 above expectations (48.5) in NovemberGermany HCOB Services PMI registered at 48.7 above expectations (48.5) in November
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Nikkei 225: Bulls Undeterred by Japanese Government Economic DowngradeRecent price actions of the Nikkei 225 are still trading above its 20-day moving average despite the latest official downbeat assessment of...
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Euro Edges Higher as PMIs Show ImprovementGerman, Eurozone PMIs accelerate The euro is trading slightly higher on Thursday. In the European session, EUR/USD is trading at 1.0917, up...
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GBP/USD: Cable Rises on Better Than Expected UK PMI DataBulls regained control on Thursday after better than expected UK PMI data (services and composite rose above 50 threshold which divides...
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XAU/USD: Gold Remains Underpinned by Weaker DollarGold remains constructive and holding near $2000 barrier on Thursday after Tue/Wed double failure to register daily close above this level....
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USD/CAD Analysis: Rate Approaching Important SupportBank of Canada Governor Tiff Macklem said yesterday that enough may have been done to curb inflation. As follows from his words, current...
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Price of WTI Oil Forming a Reversal PatternIn our analysis of the price of WTI oil dated November 8, we wrote that the price could recover to the level of USD 80 per barrel. After the...
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WTI Oil Futures Held Down by 200-day SMAWTI futures fall to a 4-month low before attempting a recovery But the 200-day SMA repeatedly rejects their rebound Momentum indicators...
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Bitcoin’s Ascending Channel and Ethereum’s Bounce BackMarket picture Crypto market capitalisation rose 2.4% in 24 hours to $1.42 trillion, with gains across a vast range of altcoins from +0.4%...
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EUR/USD: Bulls Pausing for ConsolidationEURUSD regained traction early Thursday and reduced downside risk, as two-day pullback was strongly rejected on Wednesday. Technical studies...
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Gold Corrects Slightly But Remains in UptrendThe gold (XAU) price dropped by 0.43% on Wednesday after higher-than-expected Michigan Consumer Sentiment Index figures. Possible effects for...
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USDJPY Stabilizes Near 149.00 ahead of Japanese CPI ReportThe Japanese yen (JPY) lost 0.76% on Wednesday as the U.S. Dollar Index (DXY) corrected upwards following a better-than-expected Consumer...
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AUDUSD Challenges Recent 3-Month PeakAUDUSD faces strong battle near 200-day SMA MACD and RSI suggest bullish bias AUDUSD could not find enough buyers to expand Tuesday’s bull run...
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US Stock Markets Extended Their Path Towards 2023 TopsMarkets The US 2-yr yield tested the post-CPI high (4.94%) yesterday following the release of first weekly jobless claims (209k from 233k vs...
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Delay is No Good SignOPEC decided to delay this weekend’s meeting to next week because talks between Saudi and African members apparently ran into trouble. Saudi...
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Stronger EU Opposition as Dutch Politics Turn RightMarket movers today Today will be the most exciting day of the week on the macro front. On the global front we get preliminary Euro zone PMIs...
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Silver (XAGUSD) Preparing for Breakout HigherSilver (XAGUSD) shows a higher high (bullish) sequence from 10.3.2023 low favoring further upside. The rally higher from 10.3.2023 is...
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Bitcoin Price Holds Uptrend Support, Gold ConsolidatesKey Highlights Bitcoin price started a fresh decline from the $37,750 resistance. BTC is still above a major bullish trend line with support...
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Weekly Economic & Financial Commentary: FOMC Proceeding Carefully on PolicySummary United States: A Feast of Economic Data Ahead of Thanksgiving The cornucopia of economic indicators stuffed into the first half of the...
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Preview of RBNZ: Talking Tough About Doing LittleWe expect the RBNZ will leave the OCR unchanged at 5.5% at its November policy meeting. The RBNZ’s forward profile for the OCR is likely...
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UK PMI composite rose to 50.1, but recession risks and inflation concerns lingerUK PMI data for November reflects a significant improvement in economic activity. Manufacturing PMI rose from 44.8 to a six-month high of...
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Eurozone PMI composite rose to 47.1, technical recession ongoingEurozone’s PMI data for November shows marginal improvement but continues to indicate broader recessionary trends. Manufacturing PMI...
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Germany PMI composite rose to 47.1, milder recession but inflation remains highGermany’s November PMI data indicates a modest improvement in its economic situation, albeit still within recessionary bounds....
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France PMI composite falls to 44.5, continued contraction in a dead-endRecent PMI data for France underscores a deepening economic downturn. Manufacturing PMI dropped to a 42-month low, down from 42.8 to 42.6 in...
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Australia PMI composite fell to 27-mth low at 46.4, but no real signs of hard landingAustralia’s manufacturing and services sectors showed continued contraction in November, reaching multi-month lows. PMI Manufacturing...
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What is Foreign Invested Enterprise (FIE) ?What is Foreign Invested Enterprise (FIE) ? Have you heard of Foreign Invested Enterprise concept for global businesses ? This...
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Dash 2 Trade (D2T/USD) Reaches $0.0048 Resistance Again; Bull Market Appears Strong in Overcoming ResistanceGet the 7 Step Checklist Johnathon Fox Uses to Find Every High Probability Price Action Trade On November 19, a resistance level was established...