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AUDUSD, “Australian Dollar vs US Dollar” As we can see in the daily chart, the asset is still moving to the upside after testing 38.2% fibo and convergence on MACD. This movement should be considered as a short-term ascending correction, which may later be followed by a further downtrend towards 50.0% fibo at 0.6758. The […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is trading at 1.3726; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3695 and then resume moving upwards to reach 1.3840. Another signal in favour of a further uptrend […]

US Data In Focus AgainThe final tier-one data of the week is due over today’s US sessions with US Retail Sales for December due. Following the lacklustre response to stronger-than-expected CPI for December, it seems that the odds are stacked against a bullish reversal in USD. With this in mind, should data print at or […]

GBP Beats The BunchSo another week comes to an end, and already we’re deep into the middle of January. Times flies when you’re chasing pips! Chatting with traders this week, it seems the big move that most have bene focused on is the rally in GBP. In terms of specific trades, the breakout in GBPUSD […]

Rio de Janeiro mayor Eduardo Paes talked about Bitcoin with Miami mayor and BTC bull Francis Suarez at Rio Innovation Week. 160 Total views 11 Total shares Eduardo Paes, mayor of Brazilian city Rio de Janeiro, wants to allocate 1% of the city’s treasury into Bitcoin (BTC), Cointelegraph Brazil reported. Paes reportedly announced plans for […]

Shares of BJ’s Wholesale Club Holdings Inc. BJ, +0.43% dove 5.2% toward a two-month low in premarket trading Friday, after J.P. Morgan analyst Christopher Horvers swung to bearish from bullish on the membership-based warehouse retailer, following their sizable outperformance the past two years. Horvers cut this rating to underweight from overweight and cut his stock […]