Forex Market Analysis and GBP/CAD

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Today's important market news (2016.06.14)

Today's important market news - The latest polls ahead of the UK EU referendum have given a more convincing lead to the ‘leave’ camp, which has weighed more heavily on...

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Sideways market emerging across the board (2016.06.14)

Sideways market emerging across the board - Most of the currencies are moving into a sideways pattern being established. EURUSD has bounced off above 1.1217 support and remains...

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UK Retail Sales (2016.06.13)

UK Retail Sales - The Chinese philosopher Lao Tzu said, "By doing nothing, everything is done." That may be the theme of the week as four major central bank meetings - US, Japan,...

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Gold prices likely to move sideways (2016.06.13)

Gold prices likely to move sideways - The markets opened today on a mixed note with GBPUSD extending declines including the euro, on a stronger US dollar. However, the yen...

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Daily Forex Analysis (2016.06.10)

Daily Forex Analysis - The single currency was feeling the pain yesterday on the back of comments from ECB President Draghi, who was again underlining the ability of the ECB to...

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AUDUSD Forex Technical Analysis (2016.06.10)

AUDUSD Forex Technical Analysis - The AUD/USD posted a potentially bearish closing price reversal top on Thursday after briefly testing a major retracement. Friday’s subsequent...

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XAUUSD carving out a head and shoulders pattern (2016.06.10)

XAUUSD carving out a head and shoulders pattern - Gold, despite the recent bullish momentum, is carving out a bearish head and shoulders pattern with the neckline resistance at...

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Rising wedge on EURUSD (H4) signals a breakout to the downside (2016.06.09)

Rising wedge on EURUSD (H4) signals a breakout to the downside - Failure to make a convincing close following the inside bar, EURUSD's rising wedge pattern signals consolidation...

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