Forex

Bullet Report : Top 5 Things Happening in the Market Today

Top 5 Things to Know Before You Start Trading This Tuesday the market sees a lower USD against other major currencies. Oil & Gold are also higher. 1 – USD Extends Losses The US dollar (USD) downtrend extended during the…

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Elliott waves for Forex correlation analysis – Bulls taking the lead

EURUSD – Up Wave Analysis: Perfectly as previously anticipated, the impulsive waves v, and (v) extended higher and are still showing signs of possible momentum to the upper side. During this intraday, we expect a possible extension of these impulsive waves with the first target around 1.24849 and the next target at 1.27483. If the latter is broken, then the price could extend even higher. A key support level can be seen around 1.1719, if the price can pullback to this level, then this will be the best place to pick a low risk buy opportunities. Expect a similar wave count in GBPUSD, NZDUSD, AUDUSD and EURHKD. These pairs have a strong positive correlation of up to +83% and will move in the same direction during this intraday Trade Recommendations: Expect a possible bullish price rally towads 1.24849.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
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Euro-zone GDP rises 0.6% in Q2, as expected – EUR/USD remains strong

Growth in the euro-zone remains strong. The 0.6% growth rate that was seen in Q1 was replicated in Q2, as expected. Year over year, the growth rate stands at 2.1%. It was no big surprise after both France and Spain posted robust rates of growth. France, the second largest economy, grew by 0.5% q/q and […]

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Perky pound post-PMI

Decent data has underpinned the pound 1 Aug
Better than expected UK mftg PMI data has helped GBPUSD hold 1.3200 having been pinned down there for a while and now post fresh 11-month highs of 1.3240.
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