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Should you trade exotic currency pairs? The chances are that you'll have built your trading success upon a clearly defined, robust strategy with which you're familiar and comfortable. It's an approach that makes plenty of sense, especially when you're finding your feet. But that's not to say that you shouldn't consider alternative options – and trading exotic currency pairs could be an avenue worth exploring. As with any trading decision,…
The cc is a meaningful 87 on the daily chart. As such, if the real rate has charted a higher trough, we would expect dollar strength to follows. As such, we are monitoring the green sideways arrow - if the price closes above, the greenback may also have charted its higher trough. This will be bullish, creating a potential foundation for USDOLLAR's next impulse move up.
The pair finds stability after last week’s intense price action, as the UK Chancellor confirmed that he will not go ahead with the abolishment of the top tax rate bracket
A bearish turn of the EMAs and stochastic (black ellipses) at this confluence may prove problematic. If the stochastic crosses and heads towards the 20 levels, the pressure will be building downwards. Moreover, if it reaches and maintains (red arrow), GBPUSD will be in danger of another leg down.
The pair runs its seventh straight profitable week, as markets brace for today’s PCE inflation from the United States
Sentiment takes another nosedive today and Wednesday’s relief rally falters, as markets brace for key economic data from the US, later in the day and on Friday
The International Monetary Fund (IMF) issued a statement on Tuesday, criticizing the government’s recent spending plan and the Pound comes renewed pressure today
The pair dropped to fresh twenty year lows on Monday in the aftermath of last week’s hawkish Fed, but reacts higher today, as the greenback shows exhaustion
The bond market has capitulated as yields appreciated. As such, there may be interest in the bond market. If so, this may be the catalyst for the overbought normalisation.
The British Pound took a beating on Friday and extended losses against the greenback, to all-time lows earlier today, but reacts during the European hours
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