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Forex
Dow Jones slides 300 points as regional banks waver
The Dow Jones Industrial Average (DJIA) grappled in the middle of a deepening consolidation zone on Thursday, churning on both sides of 46,200 and declining around 300 points on…
GBP/USD extends recovery amid US Dollar softness and modest UK GDP growth
The British Pound (GBP) strengthens against the US Dollar (USD) on Thursday, extending gains for the second day in a row. At the time of writing, GBP/USD is trading around 1.3431,…
USD/JPY extends losses for a third day on broad Greenback softness
The Japanese Yen (JPY) extends its winning streak for a third consecutive day against the US Dollar (USD) on Thursday, as the Greenback slides to a multi-day trough amid lingering…
AUD/USD dips below 0.6500 as unemployment rises, RBA cuts eyed
AUD/USD declines by 0.38% on Thursday to trade around 0.6490 at the time of writing, back below the 0.6500 mark, weighed down by weaker-than-expected labor market data pointing to…
USD/CAD steadies amid US-China trade tensions, markets await BoC Governor’s speech
The Canadian Dollar (CAD) steadies against the US Dollar (USD) on Thursday as the Greenback remains under pressure amid escalating US-China trade tensions and growing expectations…
JPY underperforming on broader market tone – Scotiabank
The Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies in an environment of renewed risk appetite, Scotiabank's Chief…
Gold surges past $4,250 on safe-haven flows and dovish Fed expectations
Gold (XAU/USD) soars to yet another record high on Wednesday, pushing deep into uncharted territory as safe-haven demand remains firmly in play amid mounting geopolitical and…
Bank of America (BAC) rallies strongly from the buying zone
In this technical article, we are going to present Elliott Wave trading setup of Bank of America (BAC) . The stock completed its corrective decline precisely at the Equal Legs…
EUR/USD correction driven by position adjustment – Rabobank
Since mid-September EUR/USD has corrected lower. In our view this move was determined by position adjustment, Rabobank's FX analyst Jane Foley reports. EUR/USD slides to 1.16 as…
EUR/USD remains sterady as french PM Lecornu secures lawmakers’ support
EUR/USD is trading higher for the third consecutive day on Thursday and changes hands at one-week highs beyond 1.1650 at the time of writing. Investors' concerns about the…