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EUR/JPY Price Analysis: Uptrend stalls at 159.00, as buyers target 159.70s YTD high
EUR/JPY climbs for the second straight day, breaking above 158.92, but closes at 158.74. BoJ’s ultra-loose monetary policy pressures JPY, while positive EU data reduces a possible ECB rate hike. Technical analysis shows potential for further gains, with YTD high at 159.76 as next target for buyers. EUR/JPY climbed for the second straight day, breaking…
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ALGO Price Analysis: Will Algorand Cross Above 200-day EMA?
Suffering from poor performance and high supply in 2023, the ALGO price finally shines brighter and ranks amongst the Top Gainer’s chart. With a bullish turnaround as Bitcoin trades close to $35K and a new altcoin season around the corner, Algorand finally takes a bullish route. From a falling channel breakout to rising above the…
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News Analysis: McCarthy’s once formidable powers of persuasion couldn’t stop a humiliating, historic defeat
Kevin McCarthy’s long career has been about calculating the odds and working the backrooms, but those traits, which barely won him the House speakership earlier this year, were not enough to stop several far-right Republicans from pushing him out of the job he had craved since he was a young California assemblyman from Bakersfield. The…
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AUD/JPY Price Analysis: Loses traction below 95.50, the key contention is seen at 94.90
AUD/JPY loses traction near 95.35 following the People’s Bank of China (PBoC) rate decision. The cross holds above the 50- and 100-hour EMAs; Relative Strength Index (RSI) holds above 50 in the bullish territory. The immediate resistance level emerges at 95.60; the key support level is seen at 94.90. The AUD/JPY cross edges lower to…
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USD/CNH Price Analysis: Trades with modest intraday gains, 50-day SMA holds the key for bulls
USD/CNH edges higher on Monday and climbs closer to a multi-day-old trading range hurdle. The mixed technical setup warrants caution before positioning for a further appreciating move. A convincing break below the 50-day SMA is needed to support prospects for a meaningful fall. The USD/CNH pair builds on Friday’s modest rebound from the 7.2595 region,…
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New analysis finds stigma stopping evidence-based response to drug overdoses in UK
Credit: CC0 Public Domain A new analysis in the BMJ argues that UK government opposition to drug consumption rooms is rooted in societal stigma Dr. Andrew Guise has led on the publication in the British Medical Journal arguing that the UK government’s opposition to drug consumption rooms is rooted in long running and societal-wide stigma…
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TELF AG Posts Analysis of the High Carbon Ferrochrome (FeCr) Market Trends
Lugano, Switzerland, August 24, 2023 – TELF AG, an experienced international physical commodities trader, presented a recap of the recent developments in the high-carbon ferrochrome (FeCr) market. As a key ingredient in various industrial processes, high-carbon ferrochrome plays a pivotal role in global manufacturing across diverse sectors. TELF AG’s analysis discusses the evolving dynamics of…
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EUR/JPY Price Analysis: Bulls struggle to justify dovish BoJ talks below 157.70 key resistance
EUR/JPY prods three-day uptrend, making rounds to one-week high. BoJ Minutes, Deputy Governor Uchida defend Japan central bank’s easy-money policy. Five-week-old descending resistance line appears the key challenge for bulls. Looming bull cross on MACD, upbeat RSI and BoJ clues favor cross-currency pair’s buyers. EUR/JPY remains sidelined near 157.30-40 as bulls struggle to defend a…
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GBP/USD Price Analysis: Overbought RSI prods Cable bulls at multi-day top near 1.2860 ahead of UK employment
GBP/USD grinds near the highest level since April 2022, marked the previous day. Clear upside break of 1.2850 hurdle, bullish MACD signals favor Cable buyers. Overbought RSI conditions test Pound Sterling’s upside momentum within two-month-old rising wedge. Convergence of 61.8% FE, wedge’s top line appear a tough nut to crack for bulls. GBP/USD bulls take…
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Price analysis 5/29: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC
Bitcoin and the S&P 500 Index (SPX) recovered from their respective intra-week lows to finish last week on a positive note. The recovery was largely driven by the expectations of a debt ceiling deal being reached between the White House and congressional Republicans. While the short-term picture looks promising, traders should not let their guard down.…