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French CPI isn’t usually one to trade. However, with all the noise surrounding coronavirus, this particular print might be a little more sensitive than usual. The German CPI, on the other hand, will be one to keep a closer eye on. In case we get a negative print, and the French figures align with that
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The Euro was trading near to a 3-year low against the greenback as FX traders await the latest economic news. Against the US Dollar, the Euro has depreciated nearly 3.4% since the beginning of the year, largely on disappointing economic data which has fueled expectations that the European Central Bank will be compelled to maintain
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The IOTA Foundation announced the release of a safe Trinity wallet version for desktop, while investigating missing funds. IOTA Warns of Scammers Active on Discord Channel The IOTA Foundation warned owners trying to check their balance not to trust contacts on the official Discord channel. Scammers are contacting participants with claims on being able to
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The Japanese Yen was able to keep earlier gains versus the greenback during Asian trade on Friday on growing concerns over the spread of the Coronavirus. Riskier assets were weighed down by those worries, as well, and dismal data from the Eurozone tanked the Euro and kept trader sentiment firmly in favor of safe haven
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The current cycle-degree structure hints to further downside as part of primary waves Ⓦ-Ⓧ-Ⓨ. Wave Ⓦ unrolls in an intermediate (A)-(B)-(C) correction and has completed both waves (A) and (B), as seen on the chart. Following the bullish (B) correction markets initiated the final intermediate-degree impulse wave, wave C. Sometime in the next (or the
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Liquidity crisis is often synonymous with a financial crisis. After all, when liquidity dries up, the flow of money becomes difficult. When the flow of money becomes difficult, the world can literally come to a standstill. Thus, the effects of liquidity crisis can quickly snowball into something big if not managed promptly such as defaults
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Figuring out the market implications of political events is one of the more challenging aspects of market analysis. Everyone has their own views on the partisan issues involved. And it’s no secret that people don’t always have rational reactions to political situations. Plus, governments are notoriously not likely to do what makes the most economic
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Fed Sounds More Cautious The US Dollar has had a muted start to the final trading day of the week. Following a more cautious tone from the Fed on Wednesday, the dollar has softened a little though the USD index is still above the broken bearish trend line for now at 97.73 last. The meeting
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Gold The yellow metal has ended the week in the green as risk-off flows relating to the ongoing coronavirus outbreak were seen fuelling safe-haven demand for metals. Gold prices gapped higher at the open this week as news of the intensification of the viruses spread over the week saw equities prices sharply lower. Over the
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News around the virus are mixed as the Chinese authorities seem to keep the outbreak well contained, however, the spillover from a potential economic slowdown continues. The Chinese currency hit the 7 barrier, which makes an interesting level to watch, along with yen inflows. Meanwhile, BOE kept rates unchanged, allowing pound to move higher; an
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The latest advanced GDP report from the United States showed that the economy grew by 2.1% on the quarter ending December 2019. This enabled the US to grow at a pace of 2.3% annually on the year. The data comes amid investor concerns of a sharp slowdown. Consumers remain the primary driving force in the
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The current structure hints to a completed triple zigzag pattern consisting of waves w-x-y-x-z. Since its conclusion at 1.2960, the cycle degree correction triggered some sizeable longs. This initiated the primary impulse wave Ⓐ. With intermediate waves (1) and (2) completed at this rate of change, we could expect bulls to reach the previous high
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