Risk-on is expected to continue in the markets after major indices declined on Friday, but only to retest key breakout supporting levels from the last two weeks. The US500 held the 2660.00 support area and the German30 Index held the 12500.00 area. Indices futures are indicating a higher opening for …
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The pair is expected to find its first resistance at 0.7714, and a rise through could take it to the next resistance level of 0.7750. Moving ahead, Australia's consumer price index for Q1, slated to release overnight, will garner significant amount of market attention. The currency pair is showing convergence …
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One of the parameters that can be used to confirm the trend of a currency pair is volume. Volume can be defined as the number of contracts that are traded within a specified time period. The time period referred to here could be a day, a week or a month. It could even be as low as one tick. Volume is well …
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The forex market is the largest and most liquid in the world, experiencing value changes literally every second it's open. While a lot of these are minor and only affect those with a scalping trading strategy employed, many larger changes will introduce challenges and opportunities for traders. It's important …
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