RaniFx
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GBP/USD trades on a softer note below 1.2530 ahead of US PCE data
GBP/USD snaps the three-day winning streak near 1.2502 in Friday’s early Asian session. The US economy grew at a slower pace of 1.6% in Q1 2024, compared to 3.4% in the previous reading. The expectation that the BoE will cut rates before the US Fed might exert some selling pressure on the GBP. The G
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NZD/USD Price Analysis: Bears back off, potential trend reversal on cards tied to 20-day SMA recovery
The daily chart reveals a bearish bias for the NZD/USD pair underlined by its positioning below major SMAs. For bullish traction to take place, buyers must reclaim control over the 20-day SMA SMAs. Indicators on the daily chart recovered. The NZD/USD pair stands at 0.5949, registering daily gains on
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$YM_F Dow Futures Reacting Higher After Double Correction Lower
This technical blog will look at the past performance of the 4-hour Elliott Wave Charts of Dow futures ticker symbol: $YM_F. We presented to members at the elliottwave-forecast. The rally from the 03 October 2022 low unfolded as an impulse structure and showed a bullish sequence. The
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Stocks Close On Firm Note For 2nd Straight Day On Earnings Hopes
U.S. stocks ended on a firm note on Tuesday, extending gains from previous session, with technology shares once again outperforming others, amid optimism about earnings. A batch of encouraging earnings updates, and slightly easing concerns about the outlook for interest rates helped underpin sentime
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