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GBPUSD – still in the bearish channel

GBPUSD – still in the bearish channel British Pound/U.S. Dollar FX:GBPUSD JohnnyPurtoy98 The price has formed a descending triangle , after the break it retested the new resistance level and bounced downwards. The price has saw a massive bearish move over the last 4 hours, but looks like the push is going to come to…

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DAX Slides on Weak German PMIs, Trump Skepticism Over China

The DAX index has dropped sharply in the Wednesday session. Currently, the DAX is at 12,971, down 1.50% on the day. On the release front, German and eurozone PMIs missed expectations in the manufacturing and services sectors. In the US, the key event is the release of the Federal Reserve minutes from the May policy meeting. On Thursday, Germany…

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Turkish Lira Collapse Continues

Wednesday May 23: Five things the markets are talking about Geopolitical risks from Turkey to N. Korea, from China to Italy, have pressured global equities in overnight trade. U.S Treasuries, along with the ‘mighty’ dollar have found support, while crude oil prices dropped along with most commodities. Yesterday, U.S President Donald Trump tempered market optimism…

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GBP futures: upside limited so far

May 23, 2018 Forex news forex trade 0

CME Group’s flash data for GBP futures markets noted open interest dropped by around 1K contracts on Tuesday vs. Monday’s final 187,693 contracts, the first decrease after three consecutive builds. On the opposite side, volume advanced for the second session in a row, this time by almost 3.3K contracts. GBP/USD now looks to 1.3300 Cable’s […]