The Weekly Forex Technical Breakdown For The Days Between April 18 To April 22

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The Dollar Drops Against The Euro But Not Far

Yesterday the Dollar dropped against the Euro as US economic report was not surprisingly amazing. Nevertheless, the fall was not immense. Decreasing crude oil costs were also balancing on the greenback. NY Empire State Indicator increased from 0.6 to 9.6 in April, far beyond the median predict of 2.1. It is the top most level in more than a year. (Event A on the chart.) Industrial manufacture and quantity utilization decreased in March. Moreover, both…

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The EUR/USD Decline After The US CPI Frustrate

The EUR/USD was gradually falling to the drawback during the current trading period but bounced after the announcement of diverse US economic report. While recession claims created a pleasant amazement to the Dollar bulls, decreasing suddenly, consumer prices damaged the mood, increasing less than had been predicted. CPI rose 0.1% in March on a regularly…

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The Dollar Typically Firm And Profit On The Euro

EUR/USD deteriorated today as the dollar was generally firm during the present trading period. While the increase of crude oil and profit of worldwide stocks were assisting risky currencies previous, presently the tendency has reversed. Traders contemplated the possibility that the awesome announcement can embolden The Federal Reserve to continue with monetary tightening. Such perspective…

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