Month: July 2018

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  Euro rallies into positive territory on ECB report, China trade talk

  EUR/USD up to 1.1747 The euro has erased all its losses and is in narrowly positive territory on the dat a 1.1747 after falling as[...]
  2018-07-11 19:27:06

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  China said to consider other ways to retaliate against US - report

  WSJ report USD/JPY drops quickly to 111.00 on the headline. The story notes delaying M&A, ramping up inspections at the border, and holding up licences.[...]
  2018-07-11 19:27:06

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  US May wholesale trade sales +2.5% vs +0.5% m/m expected

  US May wholesale data That's a nice print and will lead to some higher GDP forecasts Q2. ForexLive
  2018-07-11 19:27:06

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  Audio recap: US trade policy, financial markets, and where things stand

  What's moved markets so far on Wednesday Wednesday price action was all about reaction to the latest round of US tariffs on China and the[...]
  2018-07-11 19:27:06

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  Crude oil back down after sharp crude drawdown price spike higher fails/reverses

  Back below the 100 and 200 hour MAs The weekly crude oil data showed a huge drawdown of crude oil inventories of -12633K (vs -3788K[...]
  2018-07-11 19:27:06

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  Trump proposed NATO defense spending target of 4% of GDP

  That's a lot of military spending Trump proposed NATO countries target spending 4% of GDP on military spending, according to an official from Belgium. ForexLive
  2018-07-11 19:27:06

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  European stocks end session with big losses

  Concerns about trade/NATO costs weigh on the market The European stocks are ending the session with big losses.   The market is concerned about further escalation[...]
  2018-07-11 19:27:06

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  GBPUSD continues tumble but finds support buyers at the 200 hour MA

  100 hour MA now resistance The GBPUSD has continued to the tumble lower and in the process has been able to find support buyers at[...]
  2018-07-11 18:22:40

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  No surprise, the GBP is the weakest

  A quick look at the strongest and weakest currencies The GBPUSD went from one of the strongest currencies , to the weakest currency now.  earlier[...]
  2018-07-11 18:22:40

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  EUR/USD continues to climb as the dollar lags on the day

  EUR/USD rises to a high of 1.1779 in trading today ForexLive The move in the last hour eclipses Friday's high of 1.1767 as the dollar[...]
  2018-07-11 18:22:40

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