Forex Trading Online

Forming a distribution patter?

The pair made a double top at 123.60 forming a distribution pattern in the hourly chart before the 3Q GDP data. USD-Prelim GDP: The 2nd annual estimate of 3Q is one of the watch list […]

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US GDP remains in focus

The pair manages to bounce from intraday lows supported by German PMI data and weaker US factory and existing home sales data. Economic events: EUR- German Ifo Business Climate: Since July, the German economic development […]

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Monthly support finds at $1,048.00 and 2010 low finds at $1,045.00 levels.

The metal posted another weak session but steady remains above six-year lows.  The US economic data misses the factory and housing data unable to produce a bounce in gold. After the weak housing data, the […]

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Oil jumps after Saudi news

Reuters reported that ” Saudi Arabia’s cabinet said on Monday it was ready to cooperate with OPEC and non-OPEC countries to achieve market stability, days before OPEC meets to review its year-long policy of not supporting […]

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