The EUR/USD Reaches The Topmost Level Since October

Yesterday EUR/USD prolonged its session to the fourth continuous day, increasing to the topmost level since October 15. The unexpected growth of unemployment claims makes it even harder for the dollar to end its fall versus the euro. The US cash firmed a bit after the huge rise of the Chicago Business Barometer although the greenback still stands very vulnerable. Daily altered initial unemployment claims rose to 276k last week from 265k the week previously while…

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Crazy Strategy For Predicting Weekly Gaps on Friday.

Over trading is popularly known as an evil in the world especially in the Forex trading. Why is this so? Over-trading is kind of a malicious twin, it lacks confidence and in most cases it does not lead to direct losses. However, it can at times cost traders a lot of money because as a…

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EUR/USD Is Now Ready to Break High.

No sooner did the EUR/USD pair correct lower during the Asian session, than the strong buying interest rushed on a strategy and the same pair traded back near this month high at 1.1375. The Germany data was entirely mixed up. It had Retail Sales going down by 0.4% monthly basis in February, but strongly beyond…

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Learn How US Dollar Drops On Yellen’s Dovish Speech.

Back on Monday, the GBP/USD major recorded an upward hike. This was perceived as a direct reaction of the previous week’s sell off from the 1.4480 thresholds. Despite the absence of fresh news in regarding the Brexit in correlation with a weak US start, the pound never hesitated to make its point on Monday. The…

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