USD/CHF Weekly Analysis 02 March 2017

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CHARTING The crucial points are: The price of USD/CHF has attempted to break lower than 1.00500 level of support several times, but without any success. Moreover, the rising trendline formed by the higher lows, suggests that breaching this level will…

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DAX futures (March contract is FDXH7, continuation contract is FDXc1)

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After the huge gains of yesterday there is a near term correction developing. This is not to be unexpected after such a strong move that traders will look a touch more cautious, however pullbacks are still likely to be used…

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DOLLAR REMAINS #STRONG

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Market Overview The dollar remains strong as yet further hawkish comments from a Fed speaker seems to be laying the groundwork for a March rate hike by the FOMC. The comments from Lael Brainard (who is generally on the dovish…

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XAU/USD – Gold Weekly Analysis 28 February 2017

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CHARTING The crucial points are: The price of gold has fiercely risen, resulting from the publication of the FOMC meeting minutes. This announcement has led the price to fiercely breach the 1240 level of resistance. Since, the price has continued…

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EUR/USD Weekly Analysis 28 February 2017

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This week, investors will be waiting to hear Trump’s speech in Congress, which should focus on policy agenda, infrastructure reforms, tax cuts, immigration policy and Obama care, all of which need to be addressed after his six weeks in office….

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ALL EYES ON TRUMP FOR HIS FIRST POLICY ADDRESS TO #CONGRESS

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Market Overview All eyes will be on President Trump this evening as he will give his first official address to Congress in a speech that is expected to begin to lay out policy details. A $54bn increase on defense spending…

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DAX 30 Weekly Analysis 24 February 2017

hightrade

CHARTING The crucial points are:   The price of DAX 30 index has broken fiercely the 11850 level of resistance and today is testing to appreciate higher than 12000 level, but without any success until now. Moreover, the Doji candle…

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USD/CHF Weekly Analysis 23 February 2017

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In the FOMC meeting minutes, the committee’s members argued that the labour market has continued to strengthening, while economic activity has continued to expand in a moderate pace as well. Although, inflation remains below the committee’s 2% target. Regarding the…

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Crude Oil Weekly Analysis 22 February 2017

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CHARTING The crucial points are: In today’s sessions, the price of crude has opened higher than yesterday’s close and higher than 53.92 level of resistance, as OPEC has signalled optimism about the production cutting agreement among OPEC’s nations and Russia….

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GBP/USD Weekly Analysis 22 February 2017

hightrade

Many USD pairs have been treading water and making not distinct outbreak. Most long-term charts have been showing a neutral path, arising from the first FOMC meeting of 2017. However, with the publication of the FOMC minutes, investors are speculating…

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