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EURUSD Elliott Wave: Forecasting the Rally from Equal Legs Area
Greetings fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of EURUSD, published in members area of the website. As our members know, EURUSD has ended the cycle from the December's 2023 peak. The pair has recently pulled back in a 3-wave pattern, w
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GBP/USD rises to near 1.2540, driven by higher UK GDP
GBP/USD is gaining ground after the release of higher-than-expected UK GDP data on Friday. The Pound Sterling may encounter challenges on a rate cut possibility by the BoE next month. US Treasury yields lost ground after the release of weak US Initial Jobless Claims on Thursday. GBP/USD edged higher
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BOJ's Ueda hints at action if yen's inflation impact persists
On Wednesday, Bank of Japan Governor Kazuo Ueda expressed that if the fluctuations in the value of the yen significantly affect inflation, the central bank might consider implementing monetary policy measures. This statement further emphasizes his concern about the potential negative consequences re
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Pull-up Update