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Euro, Pound, Oil: Markets Pending Driver

EurozoneThe GDP growth in the euro area for the second quarter was slightly higher than expected. the adjusted annual growth estimate increased from 2.1% to 2.2%, which supports the euro. According to the published report in August from the economic bu... [...]

Analysis of Gold for August 17, 2017

Recently, the Gold has been trading upwards. The price has tested the level of $1,290.00. According to the 30M time frame, I found a breakout of rising channel and confirmed double top formation, which is a sign that buying looks risky. I also found se... [...]

EUR/JPY analysis for August 17, 2017

Recently, the EUR/JPY pair has been trading downwards. The price has tested the level of 128.77. According to the 4H time frame, I found a breakout of the rising wedge, which is a sign that sellers are in control and that buying looks risky. Another si... [...]

Daily analysis of major pairs for August 17, 2017

EUR/USD: Bears have made a commendable effort to push the price southwards, but the effort now and then is being scuttled by the bulls' machination. The market is quite choppy right now, and it would make sense to stay away from it, until price goes ab... [...]

Global macro overview for 17/08/2017

Global macro overview for 17/08/2017:A set of quite upbeat data from the UK has been released recently. The UK unemployment declined to 4.4% from 4.5% in June and this was the lowest unemployment rate since 1975. The employment increased by 125,000 i... [...]