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EURUSD forms a Descending Triangle

ECB published an expansion to the QE program by nine months, or beyond if required. In addition, they reported a reduction in the bond-buying program by 30€ billion per month from the present monthly pace of 60€ billion. This pushed EURUSD 60pips lower and tested the critical level of 1.174 once more. Reviewing the H4 TF, […]

Greek Q2 2013 GDP beats expectations….

  Good Morning,   – Euro trade steady at 1.33 level, but the signs of weakness reappearing. – Asian shares: Japan’s Nikkei 2.57%, Hong Kong’s Hang Seng 1.13%(07:00 GMT), Korea’s Kospi  1.50%, Australia’s ASX 200 0.93% and China’s Shanghai 0.23%. – German Consumer prices in July 2013: +1.9% on July 2012. Wholesale prices no change. […]

BTCUSD is slowly recovering to the upside!

Latest Crypto news concern South Korea’s decision to let cryptocurrency exchanges to be operational in the country. Naturally, this was a pleasant progress for all the crypto traders because South Korea is one of the major players in digital assets. Regarding the technical overview of BTCUSD, we have redrawn the falling channel by using the […]