Currencies

  • Euro Crisis: Italy Economic Update

    Euro Crisis: Italy Economic Update

    Italy's recovery from recession virtually stalled towards the end of 2015, complicating Italian efforts at debt reduction, worse-than-anticipated growth figures indicated Friday. National statistics body Istat said the country's gross domestic product (GDP) for the whole of 2015 was up 0.7 percent on the previous year. The Bank of Italy had last month forecast an ...
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  • Euro Crisis Just Will Not Go Away

    Euro Crisis Just Will Not Go Away

    Eurogroup chief Jeroen Dijsselbloem on Thursday played down fears of a new banking crisis that have spooked global markets, insisting that eurozone banks are stronger than a few years ago. Dijsselbloem added that bailed-out Greece and Portugal, whose progress is also being nervously watched by the markets, were working on their problems but had to ...
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  • Could the USA Interest Rate Turn Negative

    Could the USA Interest Rate Turn Negative

    Janet Yellen said that the Federal Reserve had no plans to move toward negative interest rates, following the Swedish central bank's rate cut deep into negative territory. But Fed Chair Yellen expressed "surprise" at how far European central banks had gone into negative territory, and given the weakness of inflation and the global economy, said ...
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  • Fed Blames China for Everything

    Fed Blames China for Everything

    US Federal Reserve Chair Janet Yellen said Wednesday that China's unclear policy over its yuan currency was stoking turbulence in global markets and exacerbating global economic growth concerns. The yuan's recent declines "have intensified uncertainty about China's exchange rate policy and the prospects for its economy," she said in testimony to Congress. "This uncertainty led ...
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  • Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD The EUR/USD attempted to drive higher Thursday, topped at 1.1376, closed lower at 1.1322. The bias is Neutral near term. See on the daily below a Shooting Star formation, a Bearish reversal pattern not good for the Bullish outlook, suggesting that the Bullish pressure is ...
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  • Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD The EUR/USD continued its Bullish momentum, closed higher at 1.1288 and hit 1.1318 earlier Thursday. The Shooting Star formation on H1 chart gave a Bearish pullback signal, and the Southside action was seen as a good opportunity to buy targeting 1.1500. The bias is Bullish in ...
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  • Yellen Fears a China Collapse

    Yellen Fears a China Collapse

    US Federal Reserve Chair Janet Yellen said Wednesday that China's unclear policy over its yuan currency was stoking turbulence in global markets and exacerbating global economic growth concerns. The yuan's recent declines "have intensified uncertainty about China's exchange rate policy and the prospects for its economy," she said in testimony to Congress. "This uncertainty led ...
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  • Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD The EUR/USD continued its Bullish momentum Tuesday topped at 1.1337. The bias is Bullish near term testing 1.1400 before targeting 1.1500 region. 1st support is seen at 1.1260 then at 1.1200. There is a shooting star candlestick formation on H1 chart which is a Bearish ...
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  • London Whale Court Ruling for JPMorgan

    London Whale Court Ruling for JPMorgan

    Britain's financial watchdog on Tuesday fined a former JP Morgan executive for failing to disclose concerns about the so-called "London Whale" affair that cost the bank 6.2 billion. Achilles Macris, ex-boss of the bank's international chief investment office in London, was fined 792,900 (1.1 million, 1.0 million euros), the Financial Conduct Authority (FCA) said in ...
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  • Merkel has Done Little for the German Economy

    Merkel has Done Little for the German Economy

    An unexpected drop in German industrial production in December, as well as a decline in exports, cast a shadow over the outlook for Europe's biggest economy, analysts said on Tuesday. According to regular data compiled by the economy ministry, industrial output fell by 1.2 percent in December, disappointing analysts' expectations for a modest increase. Factory ...
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  • Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD The EUR/USD attempted to push lower Monday bottomed at 1.1086, reversing to the Northside, closing higher at 1.1192 and hit 1.1211 earlier Tuesday. The bias is Bullish near term retesting at 1.1240 which to be clearly broken to the Northside to continue the Bullish scenario ...
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  • China is Dumping USD

    China is Dumping USD

    China's foreign exchange reserves have fallen to their lowest level in more than three years the central bank said Sunday as Beijing sells dollars to stop the yuan from depreciating further. The world's largest currency hoard shrank by 99.5 billion in January to some 3.2 trillion the People's Bank of China said on its website ...
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  • Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD The EUR/USD saw significant Bullish momentum last week and broke above the trend line resistance and closed above its 200-Day MA as you can see on the daily below. The Bias is Neutral near term but as long as stays above 1.1070 prefer a Bullish ...
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  • China Fine Tuning Monetary Policy, Keeping RMB Yuan Stable

    China Fine Tuning Monetary Policy, Keeping RMB Yuan Stable

    China Fine Tuning Monetary Policy, Keeping RMB Yuan Stable China will fine tune monetary policy and keep the RMB Yuan stable while guarding against systemic financial risks, the country's central bank said Saturday in its Q-4 monetary policy report. China will also maintain an appropriate level of liquidity and achieve reasonable growth of money and ...
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  • War On Cash Money Escalates, China Readies Digital Currency

    War On Cash Money Escalates, China Readies Digital Currency

    War On Cash Money Escalates, China Readies Digital Currency Remember when Bitcoin and its digital currency cohorts were slammed by authorities and written off by the elite as worthless? Well now, as the war on cash escalates, officials from The IMF to China are seeing the opportunity to control the world's money through virtual (cash-less) ...
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  • Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily) Forex Major At Key Fibonacci Mark $EURUSD, $DXY Euro EUR/USD EUR/USD made a clear break out, on weak economic US data. The EUR/USD has reached the 100% Fibo target of wave C Vs. A (Green). If price corrects with a shallow retracement and shows a contracting formation, then the ...
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  • Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily) $EURUSD, $DXY Euro Poor services data from the US hit the Buck Wednesday, as EUR/USD touched the highest mark since October, while taking out several Key resistances. The EUR/USD broke sharply to the Northside Wednesday which has been expected technically after a completed triangle at 1.0810 area. As such, ...
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  • Negative Interest Rates Means Taxing Fiat Money

    Negative Interest Rates Means Taxing Fiat Money

    Negative Interest Rates Means Taxing Fiat Money $USD As interest rates turn negative worldwide, the US Fed is now asking commercial banks to consider the possibility of the same happening in the US. I have just learned that the Fed in its annual stress test for Y 2016 said it will assess the resilience of ...
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  • Bitcoin Trading Outlook CURRENCY:BTC

    Bitcoin Trading Outlook CURRENCY:BTC

    Bitcoin Trading Outlook CURRENCY:BTC NYSE BitcoinIndx closed down -4.757 at 374.813. Volume was -0% below average (neutral) and Bollinger Bands were 0% wider than normal. Open High Low Close Volume___ 374.813 374.813 374.813 374.813 0 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Moving Averages: 10-period 50-period 200-period Short-term traders should pay closer attention to ...
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  • Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD The EUR/USD saw Bullish momentum Monday toppying at 1.0912. The bias is Bullish in near term testing 1.0969 which still remains a good place to sell with a tight stop loss. 1st support is seen at 1.0875. A clear break below that mark could lead ...
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  • China RMB Overvalued, Lifted by Government Buying

    China RMB Overvalued, Lifted by Government Buying

    China RMB Overvalued, Lifted by Government Buying The People's Bank of China (PBOC), the central bank, announced on Monday it had pumped more than 1.5 trillion yuan (229 billion U.S. dollars) into the market via MLF, SLF and PSL operations in January. The PBOC said it injected 520.9 billion yuan through the standing lending facility ...
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  • Abe is Killing Japanese Banks

    Abe is Killing Japanese Banks

    Japan's biggest banks tumbled in Tokyo share trading on Monday as a drop in their latest earnings was compounded by fears that the Bank of Japan's new stimulus measures would hit their bottom line. Shares in the trio -- Mitsubishi UFJ, Sumitomo Mitsui Financial Group and Mizuho Financial Group -- suffered a sell-off after the ...
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  • Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD The technical picture for the single currency last week show that it set to break North. The EUR/USD attempted to push higher last week topping at 1.0967, fading and closing lower at 1.0832. As you can see on the H4 below price is still moving ...
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  • A Look At World Market Events This Week

    A Look At World Market Events This Week

    A Look At World Market Events This Week $CADJPY, $USDCAD, $JPY, $USD, $OIL A snapshot of world events and potential catalysts for major crosses to aid your analysis this week. United States: Nononfarms (NFPs) payroll may struggle to keep up the momentum of January's 292-K, but as long as it continues to print over the 200-K ...
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  • Analysis: BOJ's Surprising Steps May Trigger Broader Devaluations

    Analysis: BOJ’s Surprising Steps May Trigger Broader Devaluations

    Analysis: BOJ's Surprising Steps May Trigger Broader Devaluations Friday, the Bank of Japan (BOJ) surprised world financial markets by announcing that it would introduce a negative interest rate to show resolution in the fight against prolonged deflation. The proposed remedy may hold few substantial cures for Japanese economic structural woes and may trigger other currencies' ...
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  • Japan in a Liquidity Trap

    Japan in a Liquidity Trap

    A liquidity trap is a situation described in Keynesian economics in which injections of cash into the private banking system by a central bank fail to lower interest rates and hence fail to stimulate economic growth. A liquidity trap is caused when people hoard cash because they expect an adverse event such as deflation, insufficient ...
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  • Greece is a Dying Economy

    Greece is a Dying Economy

    Negotiations between Greece and its creditors on the first review of the country's bailout will resume Monday, against the backdrop of ongoing demonstrations by farmers protesting pension reforms imposed by international lenders. The Greek finance ministry confirmed the resumption of the talks, which come as farmers continue to blockade highways in several places over the ...
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  • Philippines Economic Growth Continues

    Philippines Economic Growth Continues

    Growth in the Philippine economy picked up late in 2015 as strong domestic demand and government spending cushioned the impact of weak exports which are hurting many of its larger trade-reliant Asian neighbours. Even the severe El Nino dry spell which hit farm output failed to dampen the country's momentum much. Southeast Asia's fifth-largest economy ...
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  • IMF Changes Sovereign Debt Rules

    IMF Changes Sovereign Debt Rules

    The International Monetary Fund said Friday it had overhauled its lending rules for heavily indebted countries, including a rule created in 2010 to allow it to aid Greece. Last week, the IMF abandoned the "systemic exemption" rule which it used to justify giving Greece a massive bailout despite doubts about the sustainability of the country's ...
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  • EURUSD Update

    EURUSD Update

    Eurozone inflation accelerated to 0.4 percent in January, from 0.2 percent the month before, official data showed Friday, suggesting European Central Bank efforts to boost the economy are finally bearing fruit. Analysts said the figures, in line with expectations, would be welcome but they still remain way short of the ECB's official two-percent target. Howard ...
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  • US Economy is Slowing

    US Economy is Slowing

    US Economy is Slowing Gross domestic product increased at a 0.7 percent annual rate, the Commerce Department said on Friday, also as lower oil prices continued to undermine investment by energy firms and unseasonably mild weather cut into consumer spending on utilities and apparel. The growth pace was in line with economists' expectations and followed ...
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  • Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD The technical picture for the single currency shows that it set to break North. On the economic front The EU economic sentiment index fell for January, down to 105.0, below the expected 106.4. German inflation was up in January to 0.5% Y-Y, from 0.3% in ...
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  • US Dollar Index Outlook

    US Dollar Index Outlook

    US DOLLAR INDEX closed down -0.342 at 98.560. Volume was 8,900% above average (trending) and Bollinger Bands were 58% narrower than normal. Open High Low Close Volume___ 98.884 99.105 98.534 98.560 10,722 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 99.08 98.79 96.81 Volatility: 5 10 ...
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  • GBPUSD Fundamentals Look Ugly

    GBPUSD Fundamentals Look Ugly

    British economic growth slowed sharply last year, dented by global financial turbulence, but showed modest signs of recovery in the final quarter, official data showed Thursday. Gross domestic product -- the total value of all goods and services produced in the economy -- expanded by 2.2 percent in 2015, down from 2.9 percent in 2014, ...
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  • Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD: this morning's analysis opens with a look at the weekly frame which has seen its range expanded to 1.0796/1.0983 (Blue/Red lines). Beyond these barriers the focus is on the long-term trendline support extended from the low 1.0823 and the supply hanging above at 1.1532-1.1278. Now ...
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  • The EuroCrisis: IMF Still Bailing out EU

    The EuroCrisis: IMF Still Bailing out EU

    The International Monetary Fund on Wednesday approved the disbursement of 126.3 million euros (137.4 million) to Cyprus after the eurozone member passed its ninth and penultimate review of its bailout programme. "Completion of the review would make about 126.3 million euros available to disbursement, which brings total disbursements under the programme to about one billion ...
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  • EU will Take Italy's Bad Loans

    EU will Take Italy’s Bad Loans

    FOREX EUR= closed up 0.002 at 1.089. Volume was 31% below average (neutral) and Bollinger Bands were 58% narrower than normal. Open High Low Close Volume___ 1.087 1.091 1.085 1.089 40,824 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 1.09 1.08 1.11 Volatility: 6 12 13 ...
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  • USDCHF Outlook

    USDCHF Outlook

    FOREX CHF= closed down -0.001 at 1.015. Volume was 10% below average (neutral) and Bollinger Bands were 40% narrower than normal. Open High Low Close Volume___ 1.016 1.018 1.013 1.015 62,227 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1.01 1.00 0.97 Volatility: 7 12 12 ...
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  • China Warns Soros, Do Not Bet Against The Fall Of RMB Yuan

    China Warns Soros, Do Not Bet Against The Fall Of RMB Yuan

    China Warns Soros, Do Not Bet Against The Fall Of RMB Yuan $USDCNY, $DXY, $HKD China's state media has warned billionaire investor George Soros against betting on falls in the value of the Chinese RMB Yuan and Hong Kong Dollar, on worries over the health of world's 2nd-largest economy. China's Q-4 economic growth slowed to ...
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  • US Inflation Remains Low

    US Inflation Remains Low

    Weak inflation is expected to be the key topic when the Federal Reserve opens a two-day monetary policy meeting Tuesday, its first since its historic interest rate rise in December. Coming less than a week after the European Central Bank signaled it could expand stimulus measures in March if inflation slows further, the Fed is ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD The EUR/USD saw moderate Bullish momentum Monday topping at 1.0856. The bias is Bullish near term testing to 1.0969, a good place to sell. 1st support is seen at 1.0800. A clear break below that mark could lead price to a near term test to 1.0700. ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD The EUR/USD pair ended the week just below the 1.0800. There is Bearish tone at the beginning of a this week, as on the daily, the price broke below its 20 SMA by the end of last week, and extended below it, while the technical indicators ...
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  • EURUSD Uncertainty Reigns in Europe

    EURUSD Uncertainty Reigns in Europe

    Spain's economy minister said in a Sunday interview that global markets were more scared of an "unstable" government that would include far-left Podemos than of Catalonia's high-profile secessionist threat. In the wide-ranging interview published in the El Mundo daily, Luis de Guindos warned that a government composed of the long-established Socialist party (PSOE) and upstart ...
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  • Britain and Europe a Marriage Made in Hell

    Britain and Europe a Marriage Made in Hell

    The latest developments from the final day of the World Economic Forum in Davos Switzerland where top executives and world leaders are meeting this week. George Osborne Britain's economic and finance minister thinks a deal between his government and the European Union on a series of reforms to Britain's membership of the 28-country bloc is ...
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  • Market Is Focused On The Falling RMB Yuan Vs The USD

    Market Is Focused On The Falling RMB Yuan Vs The USD

    Market Is Focused On The Falling RMB Yuan Vs The USD $USDCNY, $DXY It is an unconditional international decision that the Chinese currency renminbi (RMB Yuan), was added to the IMF Special Drawing Rights (SDR) basket. And there are no conditions attached to the RMB exchange rate, or RMB convertibility. The market is focused on ...
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  • More Bad News for EURUSD

    More Bad News for EURUSD

    Falling oil prices are weighing on the outlook for inflation in the euro area this year, but the European Central Bank's stimulus measures and the gradual economic recovery will drive inflation higher again next year, an ECB survey showed on Friday. According to the ECB's regular quarterly survey of professional forecasters, eurozone inflation is expected ...
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  • Not Buying a Rally Based on More Stimulus

    Not Buying a Rally Based on More Stimulus

    World stock markets and oil prices rallied Friday, building on the previous day's recovery that was triggered by the European Central Bank hinting at more eurozone stimulus. We are over stimulated already, stimulated to the point of exhaustion, more of the same will not help. Equities and crude began rebounding Thursday after the ECB said ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD The EUR/USD was indecisive Thursday. Price pushed South to 1.0777, reversed and finished higher at 1.0871. The bias remains Neutral near term. 1st resistance is seen at 1.0885. A clear break above that mark could cause more Bullish pressure retesting to 1.0969. 1st support is ...
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  • Economists Share 2016 Financial Forecasts

    Economists Share 2016 Financial Forecasts

    Economists Share 2016 Financial Forecasts   More than 1,500 of Chicago's business elite will convene at one of the city's most popular events for more than 35 years, The Executives' Club of Chicago's Annual Economic Outlook Luncheon. At this lively debate, world-class economists will provide their financial forecasts for economic growth and interest rates, as ...
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  • EUR/USD Headed Below Parity

    EUR/USD Headed Below Parity

    The European Central Bank sought Thursday to assuage market disappointment over its recent anti-deflation policies by promising to revisit the level of euro area interest rates and other stimulus measures in March. At its first policy meeting of 2016, the ECB held its key interest rates unchanged, as had been widely expected. But Draghi said ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD The EUR/USD attempted to push higher Wednesday, and moved above 1.0969, faded and closed at 1.0883. The bias is Neutral near term. 1st support is seen at 1.0850. A clear break below that mark could cause more Bearish pressure testing to 1.0800. On the Northside, ...
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  • The Conference Board Leading Economic Index® (LEI) for Australia

    The Conference Board Leading Economic Index® (LEI) for Australia

    The Conference Board Leading Economic Index® (LEI) for Australia increased 0.3 percent in November to 103.2 (2010=100). At the same time, The Conference Board Coincident Economic Index® (CEI) for Australia, a measure of current economic activity, increased 0.5 percent in November to 110.1 (2010=100). The composite economic indexes are the key elements in an analytic ...
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  • Low Ruble Helps Keep Russia Alive

    Low Ruble Helps Keep Russia Alive

    Low Ruble Helps Keep Russia Alive The ruble hit a historic low on Wednesday as the dollar climbed past the 80.1 rubles level for the first time, exceeding the levels seen during the shock plunge of the Russian currency in December 2014. After a day of relative calm, the ruble resumed its downward spiral, breaking ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD moving toward 1.10 'Note: EUR/USD has tended to rally on ‘risk-off' days and slip on "risk-on" days as the Treasury/Bund spread drives the currency and the fall in US Treasury yields has supported the Euro in recent weeks. EUR/USD Outlook All Bearish attempts to send ...
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  • Consumer Credit Default Rates Stabilize

    Consumer Credit Default Rates Stabilize

    Data through December 2015, released today by S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, shows the composite rate at 0.97% in December, unchanged from the previous month. The bank card default rate decreased 42 basis points in December, recording a ...
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  • China 2015: A Year of Slower Growth

    China 2015: A Year of Slower Growth

    China's economy grew at its slowest pace in a quarter of a century last year as it undergoes a difficult transition data showed Tuesday escalating concern over a crucial driver of global expansion. The 6.9 percent figure was the slowest in the People's Republic since the 3.8 percent of 1990 a year after the bloody ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD The EUR/USD was flat to unchanged last Friday. The bias is Neutral in near term with a Bearish bias testing support at 1.0800 support area. 1st resistance is seen at 1.0969. A clear break and a close above that mark may bring on more Bullish ...
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  • Rapefugees May Collapse Europe

    Rapefugees May Collapse Europe

    Rapefugees May Collapse Europe German and EU leaders are threatening the world with the possibility of an EU collapse if Europe takes action against the Rapefugees that are taking over European streets. Having created a disaster, Merkel now wants support for her policy's, support that will be hard to find. Merkel and Juncker explicitly linked ...
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  • Russian Ruble Under Pressure

    Russian Ruble Under Pressure

    Russia's ruble fell close to a historic low Monday as stock markets slumped on the back of the fall in oil prices following the lifting of sanctions on Iran. The ruble dropped as low 79.43 to the dollar, nearing its record of just over 80 that it hit when the currency tumbled dramatically in December ...
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  • French Economy is in Crisis

    French Economy is in Crisis

    President Francois Hollande pledged Monday to spend more than 2.0 billion euros (2.2 billion) on tackling France's "state of economic emergency". Hollande said he would pump in funding to address the stubbornly high unemployment that has dogged his four years in power, and promised it would not come from tax rises. The opposition greeted the ...
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  • China Starts World Bank Alternative

    China Starts World Bank Alternative

    Chinese President Xi Jinping launched a new international development bank seen as a rival to the U.S.-led World Bank at a lavish ceremony on Saturday as Beijing seeks to change the unwritten rules of global development finance. Despite opposition from Washington U.S. allies including Australia Britain German Italy the Philippines and South Korea have agreed ...
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  • Forex Technical Analysis For EUR/USD (Daily/Weekly)

    Forex Technical Analysis For EUR/USD (Daily/Weekly)

    Forex Technical Analysis For EUR/USD (Daily/Weekly) $EURUSD, $DXY Euro EUR/USD The EUR/USD had another uneventful, directionless day Thursday. Price topped at 1.0943, faded and closed lower at 1.0862. The bias is Bearish near term testing at 1.0800. A clear break and daily/weekly close below that mark could trigger more Bearish pressure testing at 1.0710. 1st resistance ...
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  • China Economy Slowing USDCNY Target 7

    China Economy Slowing USDCNY Target 7

    China's total trade fell in December but far less than expected with exports outperforming many of its regional peers after the country let the yuan depreciate sharply highlighting fears of a currency war among Asia's trade-reliant economies. Shayne Heffernan of HEFFX has a target of 7 to 1 for the USDCNY pair. "China's only defense ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD The EUR/USD had another uneventful, directionless day Wednesday. Overall, prefer a Bearish scenario in here, but the bias is Bullish near term testing the minor trend line resistance. So, 1.0969 is a good place to sell with a tight stop loss. A clear break and daily ...
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  • Weakened RMB Helped China Data

    Weakened RMB Helped China Data

    Chinese exports did not really exceed expectations in December, but it was enough to spur a rally on Asian markets on Wednesday, in a manufactured bright spot for the world's second-largest economy which has been hit by slowing growth and saw overall trade drop last year. China is key to the world's economic performance, but ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD The EUR/USD was indecisive Tuesday forming a Doji on the daily. The bias is still Bearish near term as a part of the false breakout above the minor trend line resistance, Bearish scenario is testing to 1.0800. A clear break below that mark could trigger ...
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  • South Africa Collapsing South African Rand (ZAR) ⇨ US Dollar ($) (ZARUSD)

    South Africa Collapsing South African Rand (ZAR) ⇨ US Dollar ($) (ZARUSD)

    South Africa Collapsing South African Rand (ZAR) ⇨ US Dollar ($) (ZARUSD) FOREX ZAR= closed down -0.184 at 16.475. Volume was 92% below average (consolidating) and Bollinger Bands were 78% wider than normal. Open High Low Close Volume___ 16.657 16.687 16.432 16.475 1,784 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD Following Sunday's open at 1.0915 price EUR/USD aggressively cracked the resistance seen at 1.0946-1.0931, reaching highs of 1.0969 before collapsing for the remainder of the session. Technical Psych support at 1.0900 was taken out and retested as resistance before the single currency headed South to ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) $EURUSD, $DXY Euro The EUR/USD attempted to push lower last week and bottomed at 1.0710, and bounced, closing at 1.0926 and it hit 1.0969 earlier Monday. As you can see on H4 chart below, price moved above the minor trend line resistance but did not make a clear break ...
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  • USDCHF Swiss Economic Update

    USDCHF Swiss Economic Update

    The Swiss central bank said Friday it expected to post a loss of 23 billion Swiss francs (23 billion, 21 billion euros) for 2015, hit mainly by the hefty depreciation of its foreign currency holdings. The Swiss National Bank said it had lost a full 20 billion francs on its foreign currency positions, and another ...
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  • 2016 Economic Outlook

    2016 Economic Outlook

    Weak growth among major emerging markets will weigh on global growth in 2016 but economic activity should still pick up modestly to a 2.9 percent pace from 2.4 percent growth in 2015 as advanced economies gain speed according to the World Bank's January 2016 Global Economic Prospects. Simultaneous weakness in most major emerging markets is ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD finished higher Thursday. The high-range close set the stage for a steady to higher open Friday. Stochastics and the RSI are overbought but remain Neutral to Bullish indicating that sideways to higher prices are possible near term. If the single currency renews the rally off ...
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  • Tough Year for Britain

    Tough Year for Britain

    British Chancellor of the Exchequer George Osborne warned Thursday the economy faces a "dangerous cocktail of new threats" in 2016, insisting on the need to remain strict on public spending. His comments come amid a sell-off on financial markets, with Chinese stocks plunging on concerns of a slowdown in the world's second largest economy. "We ...
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  • Weak Euro Helping Europe

    Weak Euro Helping Europe

    A closely watched survey suggests that economic growth across the 19-country euro zone hit a 4-1/2 year high in the fourth quarter of 2015. Financial information company Markit said its purchasing managers' index a broad gauge of economic activity rose to a four-month high of 54.3 points in December from 54.2 the previous month. That ...
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  • US Economy is Slowing

    US Economy is Slowing

    The massive US services sector slowed to its weakest pace in 2015 in December, but still outperformed the struggling manufacturing sector, a closely watched private survey showed Wednesday. The Institute for Supply Management (ISM) said its purchasing managers index for non-manufacturing activity fell to 55.3 in December, the second straight month of decline after a ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) Euro EUR/USD finished higher Wednesday. Euro at 1.0821 held above the Key support at 1.07 and may approach the Key resistance ar 1.0900-50 in the next couple of sessions. Stochastics and the RSI are becoming oversold but are still Neutral to Bearish indicating that sideways to lower prices are ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) Euro EUR/USD EUR/USD closed lower Tuesday extending the decline off of the Dec highs. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. The low range close set the stage for a steady to lower open Wednesday. If the single ...
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  • European Economy is Stalling

    European Economy is Stalling

    Eurozone inflation remained lower than expected in December, official data said on Tuesday, adding pressure on the European Central Bank to once again ramp up its efforts to boost the economy in Europe. ECB president Mario Draghi disappointed markets last month with a limited bid to revive the struggling eurozone given near-zero inflation levels across ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) Euro EUR/USD EUR/USD closed lower Monday. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. The low range close set the stage for a steady to lower open Tuesday. Multiple closes below the reaction low crossing will confirm a Southside breakout ...
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  • US Manufacturing Shrinking

    US Manufacturing Shrinking

    US manufacturing activity contracted for a second straight month in December, hit by the sharp oil-sector slowdown and poor apparel sales, the Institute for Supply Management's survey showed Monday. The ISM purchasing managers index for the manufacturing sector slipped to 48.2 from 48.6 in November, the second month in a row below 50 which marks ...
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  • US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) Target 7

    US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) Target 7

    US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) Target 7 The Chinese tumble and the accelerated depreciation of the yuan drove markets elsewhere in Asia into the red. Japan’s Nikkei Stock Average fell 3.1 percent, Hong Kong’s Hang Seng Index fell 2.7 percent and South Korea’s Kospi lost 2.2 percent. FOREX CNY= closed up 0.042 ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) Euro EUR/USD EUR/USD closed lower Thursday. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. The low range close set the stage for a steady to lower open Monday. Closes below the reaction low crossing will confirm a Southside breakout ...
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  • South Korea Economic Update

    South Korea Economic Update

    South Korea's exports fell last year at their fastest rate since the global financial crisis with 12 straight monthly declines fuelled by a strong won and plunging oil prices. The government data published Friday is a grim annual report for a country whose exports account for roughly half of its economic output. The Ministry of ...
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  • The Big Q: Will King Buck's Reign End In 2016?

    The Big Q: Will King Buck’s Reign End In 2016?

    The Big Q: Will King Buck's Reign End In 2016? $.DXY The Big A: It is safe to say that the outlook for the King Buck in Y 2016 will depend on the Fed. If the US central bank is able to meet its expectation to raise interest rates 4X this year , the monetary ...
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  • USDCNY China has Won the Currency War

    USDCNY China has Won the Currency War

    USDCNY China has Won the Currency War The central parity rate of the Chinese currency, the Yuan, depreciated for the 2nd successive day to its lowest point over 54 months, according to the available data. Additionally, the central parity rate of the Yuan against the U.S. dollar is based on a weighted average of prices ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) Euro EUR/USD Intra-day bias in EUR/USD is Neutral in here. On the Southside, break of the minor support at 1.0795 will indicate that recovery from 1.0517 has completed and turn bias back to the Southside for 1.0461/0517 support zone. But, a clear break of 1.1086 will extend the rebound ...
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  • GBPUSD The Pound is Dying

    GBPUSD The Pound is Dying

    As has become a trend in the five years following the 25 January Revolution, the US dollar increased in value over the Egyptian pound with a 9% increase. The dollar's value against the pound began 2015 at a rate of 1/EGP 7.18 and rose to a rate of 1/EGP 7.83 by year's end. The dollar ...
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  • EUR/USD What To Watch For Near Term

    EUR/USD What To Watch For Near Term

    EUR/USD What To Watch For Near Term Euro Let's take a look at the Key near term marks on the world's most widely traded currency pair: EUR/USD. The reports we have seen recently suggest that the Eurozone is struggling to get the economic engine start, much less rev. Consumer Prices in Spain, the Eurozone's 4th ...
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  • Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) Bond Issue

    Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) Bond Issue

    Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) Bond Issue Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN), an NYSE-listed real estate developer and property manager primarily in China and recently in other countries, today announced that Xinyuan (China) Real Estate, Ltd. (the "Issuer"), the Company's wholly-owned subsidiary that targets the development of ...
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  • China FX Trading Shake Up

    China FX Trading Shake Up

    In common with forex markets worldwide, there are no official data on which banks are the most active in trading foreign exchange in China. A 2015 Asiamoney survey asking market participants which brokers they used named Deutsche as the top foreign forex provider in China, followed by Australia and New Zealand Banking Group, HSBC, Citigroup ...
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  • German Industrial Output 2016

    German Industrial Output 2016

    he head of Germany's industry federation predicts economic output could grow by "almost 2 per cent" in 2016 reassuring businesses that Europe's biggest economy can fend off financial risks in the coming year dpa reported. "The economic situation in Germany is still driven by a very positive development in employment and private consumption" Ulrich Grillo ...
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  • Investing in Russia 2016

    Investing in Russia 2016

    Russia's finance minister predicted Wednesday that 2016 would be a difficult year for his country's recession-hit economy, already reeling from low oil prices. As the economy slides, Russia's battered ruble reached a 2015 low on Wednesday, standing at 73.24 against the dollar, a year after suffering its worst decline in 15 years. "Next year will ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

      Forex Technical Analysis For EUR/USD (Daily) Euro EUR/USD With EUR/USD capping its strength to sell off Tuesday, the single currency sees more Southside pressure on the weakness. This stays valid as long as it trades below the 1.1059/1.0991 zone, its Key resistance zone. On the Southside Support is at 1.0900. A clear break there ...
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  • Blockchain Winners and Losers

    Blockchain Winners and Losers

    Goldman Sachs Group and JPMorgan Chase & Co will probably benefit most from the coming wave of financial technology disruption, rather than being supplanted by startups driving the change, according to an Autonomous Research survey. The two firms have the best track record of implementing technology and will be able to successfully learn from new ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) Euro EUR/USD Intra-day bias in EUR/USD remains Neutral in here. On the Southside A break of the Minor support at 1.0795 suggest that recovery from 1.0517 has finished and turns the bias back to the Southside for the support zone st 1.0461/0517 . On the Northside A break of ...
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  • Commodity Currencies Take a Beating

    Commodity Currencies Take a Beating

    The Canadian dollar stood little changed at C$1.3891 CAD=D4 to the greenback after losing 0.7 percent overnight, edging back towards an 11-year low of C$1.4003 against the dollar hit earlier this month. The Australian dollar, another commodity currency, stood little changed at $0.7259 AUD=D4 after touching a five-day low of $0.7246. The U.S. dollar did ...
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  • China's Turbulent Market to Continue

    China’s Turbulent Market to Continue

    In a year that saw the biggest-ever destruction of Chinese stock-market value, investors who held on to the nation's shares have actually done pretty well. The Shanghai Composite Index has rallied 13% in 2015, five times the average annual advance over the previous five years and crushing the MSCI All-Country World Index, which slumped 5%. ...
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  • Russia Suffers Oil Price Fallout

    Russia Suffers Oil Price Fallout

    Russia Suffers Oil Price Fallout Russia's battered ruble on Monday reached its 2015 low as the slump in oil prices weighs on the outlook for the country's recession-hit economy. The ruble stood at 72.46 against the dollar, dropping below 72 for the first time since December 2014. The Russian currency also stood at 79.55 against ...
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  • EuroZone faces New Crisis

    EuroZone faces New Crisis

    EuroZone faces New Crisis The eurozone is not expected to welcome any new members in the coming years, as the region's long crisis seems to have put some countries off, deputy European Commission chief said in a newspaper interview Monday. "No new members are expected to join in the next few years," Valdis Dombrovskis told ...
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  • Bitcoin Trading Outlook

    Bitcoin Trading Outlook

    Bitcoin Trading Outlook NYSE BitcoinIndx closed down -2.666 at 454.081. Volume was -0% below average (neutral) and Bollinger Bands were 56% wider than normal. Open High Low Close Volume___ 454.081 454.081 454.081 454.081 0 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Moving Averages: 10-period 50-period 200-period C Short-term traders should pay closer attention to ...
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