The Dollar reverses gains ahead of Yellen speech, German GDP falls short of estimates.
The Dollar is leading again with the USD/JPY going through a bullish engulfing at the 50% Fibonacci level.
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Trump sends his love to Chine with another assault, as Dollar plunges. May ” to China, Dollar plunges. May says she’ll put final Brexit deal to vote in both Houses of Parliament.
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Here are the 5 currencies to look out for in 2017!
Market performance suggests trading volumes are limited ahead of the Christmas holidays. The Dollar trades with a little change against other major currencies.
The European currency staged a rebound after surrendering to the pressure from Dollar, sending the currency to a 13-years low.
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The US Dollar rallied as economic data signals expansion. Oil is trading flat in the wait of OPEC market solution.
ECB head Draghi noted that the timid inflation pace may force the bank to extend the QE. The Dollar resumes gains, as Oil stays near a three-week high thank to undecided OPEC.
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Oil willeither form a continuation pattern, breaking the upper part of a range or the reversal pattern by breaking the lower part of the range. In the present state of the affair the situation is very interesting in terms of trading.
A decisive address from the head of the Japan Central Bank will likely kerb the appetite of the Yen bulls, helping the currency to retreat from excessive strengthening.