#MarketReview
▫️ #USDJPY surges over 2% on BOJ comments
▫️ The recent rally looks like a necessary rebound from extreme oversold conditions.
▫️ So far, it makes sense to talk about a market calming but not a monetary policy reversal or a new round of USDJPY growth.
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▫️ #USDJPY surges over 2% on BOJ comments
▫️ The recent rally looks like a necessary rebound from extreme oversold conditions.
▫️ So far, it makes sense to talk about a market calming but not a monetary policy reversal or a new round of USDJPY growth.
Read more
FxPro News
Forex - BoJ comments ease USDJPY oversold but are unlikely to be a game-changer | Market Overview
USDJPY jumped more than 2% after comments from the Bank of Japan's deputy governor reduced the chances of further policy tightening soon. Uchida said...
#EconomicReview
▫️ #NZDUSD up over 1% on Wednesday to 0.6010 on better-than-expected jobs data.
▫️ Wages rose 4.2% y/y, above CPI's 3.3% growth.
▫️ NZDUSD reverses again from global support levels.
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▫️ #NZDUSD up over 1% on Wednesday to 0.6010 on better-than-expected jobs data.
▫️ Wages rose 4.2% y/y, above CPI's 3.3% growth.
▫️ NZDUSD reverses again from global support levels.
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FxPro News
Forex - The New Zealand dollar rises on a strong labour market | Market Overview
The New Zealand dollar is up more than 1% against the US dollar on Wednesday, breaking above 0.6000. A rebound in global markets and better-than-expe...
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#WaveAnalysis
▫️ #USDCHF reversed from the support zone;
▫️ Likely to rise to resistance level 0.8735.
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▫️ #USDCHF reversed from the support zone;
▫️ Likely to rise to resistance level 0.8735.
Read more
FxPro News
Forex - USDCHF Wave Analysis 7 August 2024 | Technical analysis
- USDCHF reversed from support zone - Likely to rise to resistance level 0.8735 USDCHF currency pair recently reversed up from support zone...
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#WaveAnalysis
▫️ #USDCAD reversed from long-term resistance level 1.3900;
▫️ Likely to fall to support level 1.3700.
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▫️ #USDCAD reversed from long-term resistance level 1.3900;
▫️ Likely to fall to support level 1.3700.
Read more
FxPro News
Forex - USDCAD Wave Analysis 7 August 2024 | Technical analysis
- USDCAD reversed from long-term resistance level 1.3900 - Likely to fall to support level 1.3700 USDCAD currency pair recently reversed do...
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#Crypto
▫️ Crypto market continues to hover around $2 trillion;
▫️ #XRP surges 25% on conclusion of SEC case;
▫️ #Toncoin +10% on news of listing on Binance;
▫️ CryptoQuant says miners' capitulation is almost complete.
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▫️ Crypto market continues to hover around $2 trillion;
▫️ #XRP surges 25% on conclusion of SEC case;
▫️ #Toncoin +10% on news of listing on Binance;
▫️ CryptoQuant says miners' capitulation is almost complete.
Read more
FxPro News
Forex - XRP and Toncoin enjoy some good news | Crypto Review
Market picture The crypto market has been quietly hovering around the $2 trillion mark for the past two days. However, this could be a base format...
#MarketReview
▫️ #GBPUSD under pressure, fails to break above 200-week average on move
▫️ The Pound pulled back to the 200-day average on the retreat.
▫️ #EURGBP pulls back after testing the lower boundary of an 8-year trading range.
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▫️ #GBPUSD under pressure, fails to break above 200-week average on move
▫️ The Pound pulled back to the 200-day average on the retreat.
▫️ #EURGBP pulls back after testing the lower boundary of an 8-year trading range.
Read more
FxPro News
Forex - Sterling proves unprepared for new highs | Market Overview
The British Pound has been under increased pressure over the past few weeks, facing serious resistance as it tries to break important long-term level...
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#WaveAnalysis
▫️#EURGBP reversed from resistance zone
▫️Likely to fall to support level 0.8540
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▫️#EURGBP reversed from resistance zone
▫️Likely to fall to support level 0.8540
Read more
FxPro News
Forex - EURGBP Wave Analysis 8 August 2024 | Technical analysis
- EURGBP reversed from resistance zone - Likely to fall to support level 0.8540 EURGBP currency pair earlier reversed down from the resista...
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#WaveAnalysis
▫️#EURJPY reversed from support zone
▫️Likely to rise to resistance level 162.50
Read more
▫️#EURJPY reversed from support zone
▫️Likely to rise to resistance level 162.50
Read more
FxPro News
Forex - EURJPY Wave Analysis 8 August 2024 | Technical analysis
- EURJPY reversed from support zone - Likely to rise to resistance level 162.50 EURJPY currency pair recently reversed up sharply from the ...
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FxPro News
Forex - 2 of the Biggest ETFs Just Landed at FxPro! | Brokers News
We are thrilled to announce that FxPro now offers two of the biggest US ETFs: SPY and QQQ! Trade from as little as 0.01 lots. SPY ETF: The SP...
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#Crypto
▫️ Markets played up risk appetite on Thursday, adding over 6.4% to the crypto's cap;
▫️ #Bitcoin crossed $62K and is now fighting a death cross.
▫️ #Ethereum is trading at $2660 after bouncing back to a classic 61.8% Fibonacci retracement;
▫️ Bitcoin whales were actively accumulating coins on the 5th and 6th of August, and institutional miners were barely short positions.
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▫️ Markets played up risk appetite on Thursday, adding over 6.4% to the crypto's cap;
▫️ #Bitcoin crossed $62K and is now fighting a death cross.
▫️ #Ethereum is trading at $2660 after bouncing back to a classic 61.8% Fibonacci retracement;
▫️ Bitcoin whales were actively accumulating coins on the 5th and 6th of August, and institutional miners were barely short positions.
Read more
FxPro News
Forex - A crypto test for risk appetite | Crypto Review
Market Picture Risk appetite played out in the markets on Thursday, adding over 6.4% to the crypto market's capitalisation in the last 24 hours. T...
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#MarketReview
▫️ #Gold bounced off the 50-day MA and held this level during a period of high volatility;
▫️ The direction of the exit from the $2360-$2460 consolidation will determine the future direction;
▫️ The divergence between the price and the RSI on the weekly timeframe points to a bearish scenario;
▫️ Gold has reversed against monetary policy fundamentals twice before.
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▫️ #Gold bounced off the 50-day MA and held this level during a period of high volatility;
▫️ The direction of the exit from the $2360-$2460 consolidation will determine the future direction;
▫️ The divergence between the price and the RSI on the weekly timeframe points to a bearish scenario;
▫️ Gold has reversed against monetary policy fundamentals twice before.
Read more
FxPro News
Forex - Gold is back, but not for long | Market Overview
Gold has experienced increased volatility over the past seven days, falling 4.4% from Friday's high to Monday's low and then rising 2.5% from the low...
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#EconomicReview
▫️ Chinese CPI rose to 0.5% y/y, beating expectations;
▫️ PPI remained at -0.8% but maintained an upward trend.
▫️ #USDCNH has become more sensitive to carry trade fluctuations than the macroeconomy.
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▫️ Chinese CPI rose to 0.5% y/y, beating expectations;
▫️ PPI remained at -0.8% but maintained an upward trend.
▫️ #USDCNH has become more sensitive to carry trade fluctuations than the macroeconomy.
Read more
FxPro News
Forex - China inflation is climbing out of the pit | Market Overview
China's consumer inflation accelerated to 0.5% y/y in July from 0.2% in the previous month. This is well above the expected 0.3% and reduces the risk...
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#WaveAnalysis
▫️#Brent crude oil reversed from support zone;
▫️Likely to rise to resistance levels 81.60 and 84.00.
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▫️#Brent crude oil reversed from support zone;
▫️Likely to rise to resistance levels 81.60 and 84.00.
Read more
FxPro News
Forex - Brent crude oil Analysis 12 August 2024 | Technical analysis
- Brent crude oil reversed from support zone - Likely to rise to resistance levels 81.60 and 84.00 Brent crude oil recently reversed up fro...
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#WaveAnalysis #UK100
▫️#FTSE 100 index reversed from support zone;
▫️Likely to rise to resistance level 8300.
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▫️#FTSE 100 index reversed from support zone;
▫️Likely to rise to resistance level 8300.
Read more
FxPro News
Forex - FTSE 100 index Analysis 12 August 2024 | Technical analysis
- FTSE 100 index reversed from support zone - Likely to rise to resistance level 8300.00 FTSE 100 index recently reversed up from the suppo...
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#Crypto
▫️ Crypto market cap rose 1.6% overnight, remaining at the lower half of the 30-day range;
▫️ #Bitcoin has pulled back from the intersection of its 50- and 200-day averages, selling off locally on attempts to break above $60K.
▫️ #Ethereum continues to struggle with the 61.8% level from downside momentum;
▫️ #Bitcoin miners' revenues slumped to a one-year low.
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▫️ Crypto market cap rose 1.6% overnight, remaining at the lower half of the 30-day range;
▫️ #Bitcoin has pulled back from the intersection of its 50- and 200-day averages, selling off locally on attempts to break above $60K.
▫️ #Ethereum continues to struggle with the 61.8% level from downside momentum;
▫️ #Bitcoin miners' revenues slumped to a one-year low.
Read more
FxPro News
Forex - Cryptocurrency rally loses momentum | Crypto Review
Market Picture Over the past 24 hours, the cryptocurrency market has rallied 1.6% to $2.08 trillion, but in the past few hours, there has been a s...
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#EconomicReview
▫️ The UK unemployment rate fell from 4.2% to 4.4%, but new data showed a 135K rise in claimant claims.
▫️ Earnings growth slows to 4.5% 3m/y, lowest since 2021
▫️ The pound reacted positively to the better-than-expected figures, but there are doubts about the sustainability of the trend for #GBPUSD.
Read more
▫️ The UK unemployment rate fell from 4.2% to 4.4%, but new data showed a 135K rise in claimant claims.
▫️ Earnings growth slows to 4.5% 3m/y, lowest since 2021
▫️ The pound reacted positively to the better-than-expected figures, but there are doubts about the sustainability of the trend for #GBPUSD.
Read more
FxPro News
Forex - UK labour market deteriorates despite falling unemployment rate | Market Overview
The British Pound jumped 0.25% against the Dollar and 0.33% against the Euro due to the employment data. Although key parameters of the report exceed...
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#WaveAnalysis
▫️#AUDUSD reversed from support zone;
▫️Likely to rise to resistance level 0.6650.
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▫️#AUDUSD reversed from support zone;
▫️Likely to rise to resistance level 0.6650.
Read more
FxPro News
Forex - AUDUSD Analysis 13 August 2024 | Technical analysis
- AUDUSD reversed from support zone - Likely to rise to resistance level 0.6650 AUDUSD currency pair recently reversed up from the powerful...
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#WaveAnalysis #USNDAQ100
▫️Nasdaq-100 index reversed from support zone;
▫️ Likely to rise to resistance level 19500.
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▫️Nasdaq-100 index reversed from support zone;
▫️ Likely to rise to resistance level 19500.
Read more
FxPro News
Forex - Nasdaq-100 index Analysis 13 August 2024 | Technical analysis
- Nasdaq-100 index reversed from support zone - Likely to rise to resistance level 19500.00 Nasdaq-100 index continues to rise inside the m...
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▫️ #Crypto cap rose another 2.2% overnight to $2.14 trillion;
▫️ #Bitcoin hovers near $61K and makes no attempt to break 50-day MA.
▫️ #Ethereum is updating local highs and actively climbing out of the pit;
▫️ Mt. Gox has transferred 33.14k BTC to BitGo, keeping another 46.16k on its balance.
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▫️ #Bitcoin hovers near $61K and makes no attempt to break 50-day MA.
▫️ #Ethereum is updating local highs and actively climbing out of the pit;
▫️ Mt. Gox has transferred 33.14k BTC to BitGo, keeping another 46.16k on its balance.
Read more
FxPro News
Forex - Ethereum is gently gaining momentum | Crypto Review
Market Picture The cryptocurrency market added 2.2% in the last 24 hours to reach $2.14 trillion, a fresh attempt to climb into the upper half of ...
#MarketReview #USSPX500 #USNDAQ100 #US30
▫️ US indices rise above 'just a rebound' milestone;
▫️ Dip in the second half of July corrects October rally and clears the way for upside;
▫️ The sentiment index remains in 'extreme fear' territory, boosting the fresh buying;
▫️ Markets are confident of a rate cut, but normalisation of these expectations reduces market shock.
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▫️ US indices rise above 'just a rebound' milestone;
▫️ Dip in the second half of July corrects October rally and clears the way for upside;
▫️ The sentiment index remains in 'extreme fear' territory, boosting the fresh buying;
▫️ Markets are confident of a rate cut, but normalisation of these expectations reduces market shock.
Read more
FxPro News
Forex - US indices: more than a rebound | Market Overview
The rally in US indices passed an important milestone on Tuesday, greatly increasing the chances of ending the market correction that took place in t...
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