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The British pound fell to a new record low against the US dollar on Wednesday, October 18, 2023, after the Bank of England raised interest rates by 0.75 percentage points, but signaled that it may slow the pace of hikes in the coming months. This suggests that the BoE is more concerned about a recession than about inflation, which could lead to further weakness in...

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Technical Analysis 15-minute chart: On the 15-minute chart, Brent oil is currently trading in a bullish uptrend. The price is above the 20-period and 50-period moving averages, and the MACD indicator is above its signal line. This suggests that the bulls are in control and that the price is likely to continue to rise in the near term. 4-hour chart: On the...

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TVC:GOLD My current views on GOLD: Short chart explanation. This structure can be: 1. A continuation of the bigger WXY - forming another XZ correction (so the price is heading on the downside) 2. A correction at a smaller degree (ABC), finishing a potential Wave A on the downside, before bouncing forming the Wave B on the upside, potentially reaching again...

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Brent oil prices have skyrocketed in recent months, from about $70 a barrel in June to more than $90 a barrel today. This is due to a number of factors, including: Fundamentals Tight supply: OPEC+ has cut output to support prices and there are concerns about supply disruptions from Russia due to the ongoing war in Ukraine. Strong demand: Global oil...

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The monetary markets are continually responding to unused data, and swelling, oil costs, and gold costs are a few of the foremost imperative components that financial specialists consider. This article will give a TradingView direct to understanding how these components can influence the stock and forex markets, and how dealers can utilize them to their...

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The US Customer Cost Record (CPI) information for September is due to be discharged on Wednesday, taken after by the US Government Reserve's intrigued rate choice on the same day. Both of these occasions have the potential to altogether affect the forex and stock markets. The CPI information could be a degree of expansion, and a higher-than-expected perusing may...

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TVC:GOLD Gold prices rose on Tuesday as investors sought safe-haven assets due to the escalating conflict between Israel and Hamas. Gold is often considered a safe haven during times of market uncertainty and volatility. There are several reasons why gold is considered a safe haven. First, gold is a physical asset with no correlation to other financial...

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CAPITALCOM:OIL_BRENT On the fundamental side, Brent oil prices have been supported by a number of factors in recent months, including: Strong global economic growth, which has boosted demand for oil. Supply disruptions caused by the ongoing conflict in Ukraine. The decision by OPEC+ to cut production by 2 million barrels per day. The war in Iran, which has...

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-- The Relative Strength Index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. -- The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of...

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NYSE:BABA Based on the weekly ElliotWaves analysis , BABA is currently in a corrective wave structure. The corrective wave structure is a complex wave pattern that can take many different forms. However, the most common corrective wave structure is a three-wave ABC pattern. BABA appears to be in the wave B of the corrective wave structure. Wave B is a...

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-- 30-Minute Chart The AUD/JPY pair is currently trading in a narrow range on the 30-minute chart. The pair is facing resistance at the 94.20 level and support at the 94.00 level. The RSI indicator is currently in overbought territory, suggesting that the pair may be due for a pullback. However, the MACD indicator is still generating bullish signals. -- 4-Hour...

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The EUR/USD currency pair is currently in a downtrend on all three timeframes (30-min, 4-hour, and daily). On the 30-minute chart, the pair is trading below its 200-period moving average, which is a bearish signal. The pair is also trading below a descending trendline, which provides further resistance. On the 4-hour chart, the EUR/USD currency pair is also...

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-- On the 30-minute chart, GBP/USD is trading in a downtrend. The pair has broken below its key support level at 1.2100, and is now targeting the 1.2000 level. -- On the 4-hour chart, GBP/USD is also trading in a downtrend. The pair has broken below its key support level at 1.2200, and is now targeting the 1.2050 level. -- On the daily chart, GBP/USD is also...

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GBP/USD Fundamental and Technical Analysis for 28 September 2023 Subtitle: GBP/USD remains under pressure as the US dollar continues to strengthen against a basket of major currencies. Technical indicators on the 30-minute, 4-hour, and daily charts suggest that further downside is likely in the near term. Fundamental Analysis: The British pound has been...

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USD/CAD Fundamental and Technical Analysis for 28 September 2023 Fundamental Analysis The Canadian dollar has been under pressure in recent weeks, falling to its lowest level against the US dollar in over two years. This is due to a number of factors, including: Higher US interest rates: The Federal Reserve has been raising interest rates aggressively in an...

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Key fundamental factors to watch for in the AUD/JPY currency pair: Australian economic data: The AUD is sensitive to data releases such as GDP growth, unemployment rate, and retail sales. Positive economic data releases tend to boost the AUD, while negative data releases tend to weigh on the currency. Japanese economic data: The JPY is sensitive to data releases...

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Technical analysis Elliot Wave Theory perspective - the price is in a small corrective uptrend, as marked in the chart. Don't get too hyped on this and remember, the market is unpredictable, but for now I will mark this as LONG, for a short time. On the 30-minute chart, the EUR/USD currency pair is currently trading in a range between 1.0685 and 1.0695. The...

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Technical analysis The price is currently in a downtrend, please see the chart marks and the technical explanation below. 30-minute chart On the 30-minute chart, USD/CAD is currently in a downtrend. The price is below the 200-period moving average, and the relative strength index (RSI) is below 50. This suggests that momentum is to the downside. 4-hour...