Commodities
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The US Federal Government spent more than it earned virtually from its inception. The first recorded deficit budget that had to be financed by a loan was that of January 1791. Since then, government spending has…
EUR/USD jumped as high as 1.3757 in the final week of January. The pair stayed at that level for a short while on bearish divergence conditions in four hours MACD. However, strong support above 1.3245 is…
GBP/USD made a valid attempt at rebound in the final week of January, yet the limit stayed well below 1.6057 resistance and eventually weakened. Initial bias remains neutral for the upcoming week and more consolidations could…
Andrei Knight, Chief Strategist, fxKnight.com Ireland’s formal request for an EU bailout continues to weigh heavily on the Euro, as Spain’s bond market begins to show signs of trouble as well. Portugal, Belgium, and Italy also…
Dean Wright ,Senior Analyst ,Fxknight.com As the confidence in the Euro continues to fall amid the fears of the fiscal crises in Europe, the EUR dropped sharply against most currencies including the CHF. The EUR/ CHF…
As the talks continue between the members of the G20, a growing consensus is developing that countries are moving away from the tight union observed when the financial crises started, to a more ‘do what is…
Dean Wright ,Senior Analyst ,Fxknight.com The EUR/ USD has recently consolidated and hit the previous Bull and Bear targets over the last two weeks. The EUR/ USD played beautifully to the Fibonacci projection with the price…
The EUR/ JPY has re-traced back to the 200% Fibonacci projection level and has hit the first bull target from June. Should this level break as resistance, then we could expect a further target to be…
The NZD/ USD is still in consolidation finding support and resistance within a channel which has appeared to be finding lower lows and lower highs. The currency pair also seems to be find support and resistance…