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GBPUSD REMAINS WEAK

GBPUSD REMAINS WEAK The British pound remains weak against the US dollar as traders continue to sell any rallies in the pair towards the 1.3100 resistance level. Traders are cautious ahead of the Bank of England rate decision as...

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Weekly Analysis (Jan 20 – 26)

Market participants await central bank interest rate decisions Rate focus During the upcoming trading week, traders and investors look to central bank interest rate decisions and key PMI manufacturing data from the eurozone economy. This week the People’s Bank...

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EURUSD INCREASINGLY BULLISH

EURUSD INCREASINGLY BULLISH The euro is holding firm above the 1.1145 level against the US dollar, which indicates that buyers could soon test towards the 1.1200 resistance level. EURUSD sellers are likely to be sidelined until a confirmed breakout...

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USDJPY 109.70 KEY

USDJPY 109.70 KEY The US dollar is trading in a tight price range against the Japanese yen currency as traders await the next directional move in the pair. The USDJPY pair remains in a strong technical position while price...

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