Minnie
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EUR/GBP consolidates around 0.8550, downside likely on firm ECB rate cut bets
EUR/GBP is stuck in a tight range around 0.8550 as the focus shifts to the BoE monetary policy announcement. The Euro struggles to extend the upside as the ECB is expected to announce rate cuts sooner than the BoE. ECB Stournaras see three rate cuts this year. The EUR/GBP pair trades inside Thursday
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EUR/USD extends winning spell ahead of US NFP, Services PMI
EUR/USD approaches 1.0750 as the US Dollar weakens ahead of crucial US economic data. The ECB is widely anticipated to start reducing interest rates in June. The Fed sees rate cuts this year despite little progress in disinflation in the first quarter. EUR/USD advances to 1.0740 in Friday’s European
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EUR/JPY Price Analysis: Bearish sentiment takes over, 20-day SMA lost
The daily RSI for EUR/JPY highlights a decline from overbought levels to negative territory, depicting seller dominance. Similar to the RSI, the daily MACD shows increasing negative momentum. On the hourly chart, low RSI values and a flat red MACD histogram point to a growing near-term bearishness.
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Soft Start Called For Malaysia Stock Market
Ahead of Wednesday's Labor Day holiday, the Malaysia stock market had ended the two-day winning streak in which it had advanced almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,575-point plateau and it may take further damage on Thursday. The global forecast
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U.K. Market Ends Modestly Lower
European markets were mostly closed on Wednesday for Labor Day holiday. Markets in the U.K. and Denmark, which were open for trading, ended the session on a weak note. The U.K.'s FTSE 100 index ended down by 22.89 points or 0.28% at 8,121.24. In the UK market, JD Sports Fashion, Ashtead Group, Ocado
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USD/JPY recovers as traders buy the dip
USD/JPY rebounds after the heavy sell-off on Monday. US Dollar traders are buying the dip after possible intervention by the authorities pulled USD/JPY down. The interest rate differential between Japan and the US is likely to maintain a bullish pressure on the pair. USD/JPY is trading up about a th
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EURJPY Daily Trading Journal Analysis
#EUR/JPY# EURJPY Daily Trading Journal Analysis Price had a bull week energetically gravitate towards the 2008 buy stops. Almost achieved it. Its likely that price will take the buys stops for a weeks target. I am curious if price will continue its bull rise or turn around and gravitat
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