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Market Recap – G20 finance leaders issue a communique

It has been a strange opening, with Japanese equities recording impressive gains, US & European equity futures opening with a gap and at the same time both the USD and oil strengthening. This week, the focus would be (i) on any probable development on the US-China front, (ii) the race for the leadership of the […]

USDCHF near to a major resistance

USDCHF has been rallying towards the trendline (T1) for few weeks but there is currently a weakness in the bullish momentum. The trendline (T1) acts as a major resistance, at the same time, Stochastics is moving within the overbought zone. Weekly Moreover, heading to the daily timeframe, both RSI and Stochastics have already formed negative […]

Trump and May Sink USD, While EURUSD Recovers

Theresa May’s speech offered a thrilling day for traders yesterday. The GBP increased almost 3 percent against USD, the biggest daily gain since at least 1998, which squeezed most of sellers that made lot of money due GBP fall. While Trump’s comments on The Wall Street Journal were enough to sink the USD. “Our companies […]