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The Federal Reserve cut interest rates by 25 basis points on Wednesday, lowering the target range to 1.5–1.75%. This was in line with expectations and left markets little changed. The Fed has now cut rates by a total of 75 basis points since July. The FOMC statement had only subtle changes...
The new challenges facing the Sino-American trade talks following strong anti-government protests in Chile in Santiago casts doubt on the timing of the interim trade agreement that was originally scheduled to be signed between 16 and 17 November 2019 by both US and Chinese Presidents amid the Asi...
One of the main priorities of NordFX is to improve the skills of traders, aimed at improving the results of their trading in the financial markets. Constantly developing this direction, the company offers its customers the opportunity of both online and offline training...
The dollar continued to decline during today's Asian session. At the beginning of the European session on Thursday, the DXY dollar index futures were trading near 97.04, 20 pips below the opening price of today's trading day and 56 pips below the opening price of the current week...
Pivot (invalidation): 55.30 Our preference Short positions below 55.30 with targets at 54.75 & 54.40 in extension. Alternative scenario...
Pivot (invalidation): 17.7600 Our preference Long positions above 17.7600 with targets at 17.9600 & 18.1000 in extension. Alternative scenario...
Pivot (invalidation): 1492.00 Our preference Long positions above 1492.00 with targets at 1500.50 & 1508.00 in extension. Alternative scenario...
Pivot (invalidation): 3027.00 Our preference Long positions above 3027.00 with targets at 3060.00 & 3070.00 in extension. Alternative scenario...
Pivot (invalidation): 12930.00 Our preference Short positions below 12930.00 with targets at 12860.00 & 12830.00 in extension. Alternative scenario...
Pivot (invalidation): 5.7300 Our preference Short positions below 5.7300 with targets at 5.6750 & 5.6600 in extension. Alternative scenario...
Pivot (invalidation): 0.6895 Our preference Long positions above 0.6895 with targets at 0.6935 & 0.6955 in extension. Alternative scenario...
Pivot (invalidation): 1.3140 Our preference Long positions above 1.3140 with targets at 1.3170 & 1.3200 in extension. Alternative scenario...
Pivot (invalidation): 0.9890 Our preference Short positions below 0.9890 with targets at 0.9845 & 0.9830 in extension. Alternative scenario...
Pivot (invalidation): 108.80 Our preference Short positions below 108.80 with targets at 108.50 & 108.35 in extension. Alternative scenario...
Pivot (invalidation): 1.2895 Our preference Long positions above 1.2895 with targets at 1.2945 & 1.2965 in extension. Alternative scenario...
Pivot (invalidation): 1.1140 Our preference Long positions above 1.1140 with targets at 1.1180 & 1.1210 in extension. Alternative scenario...
USDCHF with the pair following through lower on the back of its Tuesday price rejection, more weakness is envisaged. Resistance comes in at the 0.9950 level. Above here, resistance lies at the 1.0000 level and then the 1.0050 level. Further out, resistance stands at the 1.0100 level...
The approval by EU leaders of a longer three-month extension until 31 January 2020 finally provided British MPs with good reasons to support early parliamentary elections on 12 December, although Prime Minister Johnson had to find a way around the two-thirds Fixed-term Parliaments Act in order to...
Big day for the US today. First markets will get the first release of GDP then a few hours later the Federal Reserve’s rate decision. But let’s not forget ADP private employment (expectations 110k). US 3Q real GDP is expected to rise 1.5% q/q, decelerating from 2.0% in Q2...
