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British Pound Technical Forecast High British Pound volatility anticipated in the week ahead on UK General Election Fading GBP momentum offers cautious technical outlook for Sterling crosses ahead GBP/USD, EUR/GBP, GBP/JPY and GBP/CAD make bold attempts to extend trends Build confidence in your own British Pound strategy with the help of our free guide! DISCLAIMER
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Equity Analysis and News Source: Thomson Reuters, DailyFX Dow Jones | Record High Looms Since the Dow Jones bounced from trendline support, the index has seen somewhat of an impressive recovery, paring roughly 76.4% of the early week pullback with latest uptick stemming from the strong NFP report. Consequently, the index looks primed for another
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KO PHOE THAR is a cheery 22-year-old liquor-store clerk from Mandalay, a city in central Myanmar. Death, and other less-certain future misfortunes, are far from his mind. A host of insurance companies newly arrived in the country would like to change that. Last week the finance ministry issued licences to foreign life insurers for the
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THE PAST decade and a half has seen boom and bust, inflation and deflation, globalisation and trade tensions. Through such economic and political cycles you might expect currencies to go in and out of fashion. In fact the two that have strengthened the most against the dollar over this period—Thailand’s baht and Israel’s shekel—have done
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A RECENT EDITION of “The Joe Rogan Experience”, a popular podcast, features the comedian Artie Lange. Mr Lange is an engaging personality who, as he candidly admits, has battled with drugs and gambling. Not long out of his umpteenth period in rehab, he is working in stand-up again. “This business keeps taking me back,” he
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AFTER REPAIR work during the sovereign-debt crisis in 2009-15, further fixes to the euro zone’s architecture have been few and slow. Northern countries have been unwilling to assume cross-border risks, as long as debts and non-performing loans in southern ones were high. Now quarrels within one of those southern countries, Italy, threaten what little progress
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“UNACCEPTABLE”, harrumphed France’s finance minister. Worthy of a “pugnacious” response, thundered a colleague. The object of this Gallic ire was the Trump administration’s threat this week to impose 100% tariffs on some of France’s tastiest exports, from cheese to champagne, in response to its government’s planned digital-sales tax. Corporate tax has become a major source
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PRESIDENT DONALD TRUMP’S attempts to orchestrate America’s trade relations are causing a cacophony. On December 2nd he trumpeted new tariffs on Brazilian and Argentine steel and aluminium. Hours later the United States Trade Representative (USTR) chimed in with two sets of tariffs on European products. Over the following days noise grew louder in Congress about
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“LABELLING BASED on incomplete information, public shaming, and shunning wrapped in moral rhetoric,” said Hester Peirce, a straight-talking commissioner at America’s main financial regulator, the Securities and Exchange Commission, in June. She was taking aim at the scoring systems that purport to assess firms’ performance based on environmental, social and governance (ESG) factors. Yet love
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Number of traders net-short has decreased by 18.26% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI EUR/JPY BEARISH 49.92% 50.08% -2.61% Daily -15.30% Weekly -17.13% Daily -18.26% Weekly -10.46% Daily -16.81% Weekly EUR/JPY: Retail trader data shows 49.92% of traders are net-long with the ratio of
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The current 4H formation on USOIL shows an intervening primary wave Ⓧ consisting of intermediate sub-waves (А), (В) and (С). The bullish corrective wave (B) hints to a triple zigzag pattern W-X-Y-X-Z of the minor degree. At the time of writing, the final part of this triple combination seems to be under formation (minor wave
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