mszeta
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GBP/USD Price Analysis: The first downside target is seen at the 1.2600–1.2605 zone
GBP/USD drifts lower to 1.2620 in Friday’s early European trading hours. The bearish outlook of the pair remains intact above the key EMA; RSI indicator supports the downward momentum. The first upside barrier is seen in the 1.2645–1.2650 region; the 1.2600–1.2605 zone acts as an initial support lev
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Canadian Dollar picks up following strong GDP figures
Canadian Dollar is regaining lost ground after upbeat Canadian GDP data. US Dollar looks weak despite good US Jobless claims, upward revision of Q4 GDP. The focus is now on Friday’s PCE Prices Index and Fed Powell’s speech. The Canadian Dollar (CAD) is trading higher for the fourth consecutive day o
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AUD/USD gets bearish vibes [Video]
AUD/USD violates key support zone. Bearish pressures could persist in short-term. AUD/USD’s short-term upward pattern is under threat as it faces the risk of closing below the October support trendline at 0.6500, following another rejection near its exponential moving averages (EMAs). Technical indi
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WTI Elliott Wave analysis [Video]
WTI Elliott Wave analysis Function - Counter-trend. Mode - Corrective. Structure - Zigzag. Position - Wave (b) of ‘y’ Direction - Wave (b) of ‘y’ is still in play. Details - A pullback for (b) is happening as expected. Wave (b) is expected to find support at 80 -79 inside the blue zone. Wave (c) sho
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AUD traded slightly lower after monthly CPI
Asia market update: AUD traded slightly lower after monthly CPI; CNY fix continues to drive CNH volatility. General trend - Equity markets trade mixed. - Japanese financials outperform; Shipping firms also rise [**NOTE: (US) Reportedly Singapore-flagged, Maersk chartered ship collided with 1.6-miles
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Australian Monthly CPI rises 3.4% YoY in February vs. 3.5% expected
Australia’s monthly Consumer Price Index (CPI) rises 3.4% in the year to February 2024, compared to the annual increase of 3.4% seen in January, the Australian Bureau of Statistics reported on Wednesday. The market had expected an increase of 3.5% in the reported period. Market reaction At the time
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Market slowdown according to Mike Venezia [Video]
In today's TradeGATEHub Live Trading session, Coach Dale inquires Mike Venezia about the recent slowdown in the markets. Dale provides an update on GBPUSD, discusses the Gold/Silver Ratio, and delves into the 10-year yield. Michael Venezia shares insights on today's trading entries and exits, and hi
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USD/CHF reclaims 0.9000 as SNB’s surprise rate cut keeps Swiss Franc on backfoot
USD/CHF rebounds to 0.9000 on broader weakness in the Swiss Franc due to SNB’s surprise rate-cut decision. Fed policymakers remain confident about easing price pressures. Market participants await the US core PCE inflation data for fresh guidance. The USD/CHF pair recaptures the psychological resist
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Pull-up Update