The Six Day Decline of EUR/USD Ends

EUR/USD picked on Monday after six consecutive sessions of falling off. A few analysts justify the difference of movement by frustrating economic data from the United States, but in certainty news were not particularly bad, especially the one regarding the housing market. Individual income and expenditure had a rise in February. Individual income rose by 0.2% compared to the estimate 0.1%. Personal income expenditure rose 0.1% versus the anticipated 0.2%.…

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Learn How UAD/JPY Affect Symmetrical Triangle After Short-Term Uptrend

Regularly, the symmetrical triangles usually proceed from a strong explicit movement.They symbolize fortification before a continuity of the trend. At this time, the routine chart of AUD/JPY is determining a not-so-firm uptrend superseded by a two-week mold buildup. However, a vigorous breakout could indicate that the uptrend will restore to this currency pair. The triangle’s…

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Learn How EUR/USD Flat Ahead of FOMC Announcement.

EUR/USD is the most popular currency pair in the world. It is used to represent the two largest economies in the world. The Euro was established to facilitate cross-border trade of European trading partners. Since its foundation in 1999, the pair has and is continuing to face considerable volatility. Similarly, the world has also faced…

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Learn How US Economic Data helps Dollar Gain on Euro.

The US economic data reports released recently were incredibly awesome. They were above expectations and this led to a rally of the dollar. On the other hand, the euro went down as the traders were eagerly waiting for the monetary policy decision of the European Central Bank. Generally, the US economic data asserts that the…

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