EUR/USD Primed For More Gains, GBP/USD Skyrockets

Key Highlights EUR/USD surged above the key 1.1080 and 1.1150 resistance levels.GBP/USD rallied towards the main 1.3000 resistance area.China’s GDP grew 6% in Q3 2019 (YoY) (lowest level since 1992).The German PPI could decline 0.1% in Sep 2019 (MoM), less than the last -0.5%. EUR/USD Technical Analysis This past week, the Euro saw a sharp rise after it broke the ke...
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EURUSD Slow and Steady Uptrend?

Key Highlights Euro after trading near 1.1500 against the US Dollar found sellers for a short term correction. The EURUSD pair traded towards the 200 hourly simple moving average where it found support. Chinese Gross Domestic Product (GDP) released by the National Bureau of Statistics of China posted an increase of 6.9% in Q3, which was a bit lower when compared with th...
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USDCHF Looks Set For Next Leg Higher

Key Highlights US Dollar after a mild correction against the Swiss Franc traded higher and looks set for more gains in the near term. There are many major releases lined up in the US today, including the PPI, industrial production and NY Manufacturing index. Chinese Gross Domestic Product (GDP) released by the National Bureau of Statistics of China posted an increase of...
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Can EURUSD Capitalize Moving Ahead?

Key Highlights Euro rocketed higher against the US dollar during the past sessions, as the latter one weakened across the board. EURUSD upside was stalled around the 1.0700 level, and currently moving lower. Today, the German consumer price index will be released by the Statistiches Bundesamt Deutschland, which is expected to increase by 0.5% in March 2015. Technical...
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