The British pound has pulled back rather significantly during the trading session on Thursday, as we may have gotten a bit ahead of ourselves.
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The Euro initially tried to shoot higher during the trading session on Wednesday but has pulled back a bit to show signs of exhaustion above the 1.19 level.
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The West Texas Intermediate Crude market did fall initially during the trading session on Thursday but recovered after several OPEC oil ministers had positive comments for the outlook when it came to demand for the product.
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The Aussie dollar initially rallied again during the trading session on Wednesday but gave back the gains in order to form a less than desirable candle.
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There is a new and exciting move by bulls towards the EUR/USD pair, as it rose towards the 1.1965 resistance, its highest level in two years, before settling around the 1.1930 at the time of writing.
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The continued USD losses allowed gold prices to return to stability above the $2000 psychological and historical resistance.
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For the fifth day in a row, the GBP/USD is moving in an upward correction, taking advantage of the dollar's decline and some cautious optimism in the markets over the resumption of Brexit talks.
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AUD/USD: Price breaks above pivotal 0.7250 area
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For four trading sessions in a row, the USD/JPY was under downward pressure that pushed it towards the 105.28 support before settling around 105.33 at the time of writing
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While the tight trading range of the USD/INR persists, it also is presenting traders who know how to place limit orders an opportunity to take advantage of its current values.
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Yesterday saw the DAX Index begin to challenge new highs around the 13040.000 juncture, but then get hit by profit-taking as afternoon trading progressed.
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After approaching what has proven to be rather solid resistance yesterday again, the USD/BRL did see a slightly bearish trading emerge.
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BTC/USD: More bearish below $11,600
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It is important while trading to always remember past results do not guarantee what is going to take place in the future.
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