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Tuesday, September 17, 2024

American Market Recap: Is Germany facing economic collapse?

Is Germany facing economic collapse?

Not so long ago, Germany was considered the engine of the EU economy. When things went wrong for other countries in the bloc, there was always the hope that Berlin would come to the rescue. But now, i... 

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USD/JPY climbs higher: US dollar bears feeling nervous ahead of the FOMC

USD/JPY has extended to the highs of the day, up 154 pips to 142.15. It's been a strong reversal after the pair touched a 2024 low of 139.59 yesterday. USDJPY daily I'm kicking myself a bit because th... 

USDJPY moves to new session highs.

The USDJPY is ticking above the 200-hour MA at 141.988. The next target comes in at 38.2% retracement of the move down from the September high. That level comes in at 142.485. Move above that, and th... 

US aims to add 6 million barrels for SPR

The US has been slowly refilling the strategic petroleum reserve but will look to accelerate that with a purchase of 6 million barrels, according to a Reuters report. The administration will announce... 

AUDUSD continues the technical steps higher but needs to get above a swing area

The AUDUSD has been stepping higher over the last five or so trading days and in the process has used a series of key moving averages that have increased the bullish bias and provided the roadmap for... 

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Latest Forex Orders

FX option expiries for 17 September 10am New York cut

There are a couple to take note of, as highlighted in bold . The first one is for EUR/USD at the 1.1125 level. It rests at the 38.2/61.8 Fib retracement level of the swing lower since August, so there... 

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