The buyers and sellers are in constant conflict with one another.
EURUSD is approaching an important area of potential resistance. This area includes the 50% Fibonacci level as well as a previous swing high. A break above this area could lead to further gains in the currency pair.
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The EURUSD currency pair is currently trading just above parity, with the European Central Bank (ECB) being the main focus of market participants. The ECB is set to announce its latest monetary policy decision later today, and there is growing speculation that the bank could take additional steps to support the Eurozone economy. The EURUSD…
NASDAQ index higher 0.75% The new PMI data was not as strong as hoped. Sales of new homes and the Richmond Fed’s economic index were both weaker than expected, while the consumer confidence flash estimate was negative but not as weak as anticipated. Weaker data has had the effect of driving yields lower. The two…
U.S stocks tumbled on Thursday after European Central Bank sources said that the bank is not currently considering further stimulus measures. The comments weighed on stock markets around the world, with the Dow Jones Industrial Average falling more than 131 points, or 0.42%. The ECB’s recent comments that 75 basis points is not off the…
Elon Musk is known for being a tough negotiator. He’s also known for breaking up marriages. Some say that his tenacity is what makes him a great business leader. Others say that it’s what makes him a terrible husband. Last fall, Elon Musk had a brief affair with the wife of Sergey Brin. This prompted…
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