Centfx
Canadian Dollar strengthens versus the US Dollar
To end the trading week, the Canadian Dollar (CAD) gained ground versus the risk-averse Greenback while being generally lower on the currency board. Saw a significant improvement in the broad-market risk mood as positive US data prints helped to allay previous investor concerns over a US recession. Next Tuesday, Canada will release its most recent inflation statistics, and in order to maintain a neutral sentiment, CAD traders will be watching for stable prints in the country's Consumer Price Index (CPI) figures. The 50-day Exponential Moving Average (EMA) for the pair produced a technical rejection at 1.3728, and the price action was constrained in the middle of the range between the EMA and the 200-day EMA at 1.3634.
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Basic Technical Indicators.
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EUR/USD Technical Analysis: Decline could extend to 1.1330 and 1.1300
EUR/USD remains on the defensive so far this week and the continuation of the bearish move carries the potential to re-visit the key 200-day SMA at 1.1329 ahead of the 1.1300 neighbourhood.
Read more here https://bit.ly/2SBMypp
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EUR/USD crashes below 1.1500 amid worsening market mood
EUR/USD is trading around 1.1460, as the USD surges across the board. Earlier, the pair enjoyed the dovish Fed talk and hopes that Brexit will be delayed. US CPI met expectations.
Read more here https://www.fxstreet.com/currencies/eurusd
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Centfx
ASX 200 is trading at 7,810; pay attention to Westpac Consumer Confidence
The ASX 200 Index is still rising as it continues its March 15–15 winning run. As of Monday morning, it was up 0.45%, or around 7,810, at press time. This increase is driven by gains in energy equities and miners. Simultaneously, the A-VIX shows a significant increase today, rising 2.35 percent to 11.14. There's also an increase in the All Ords, which goes up 0.70% to 8,082.30. Given the sharp drop in iron ore prices since the year's beginning, ANZ believes that the market is about to peak. A significant brokerage business called Citi attributed some of the imbalance in the market to "non-traditional" sources of supply.The mining and energy industries saw gains led by strong performances from Rio Tinto (1.32%), BHP Group (1.05%), West African Resources (4.59%), and Fortescue Metals (4.71%). However, according to the most recent report, the biggest losers were ALS, which was down 4.59%; Block Inc., which was down 3.90%; and Life360 Inc., which was down 3.58%.
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🔔#CADCHF D1 Chart - Future Analysis & Short-Term - Call
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USD/JPY Forecast: Different reasons, same downwards direction
USD/JPY fell again, this time due to the dollar's weakness. US retail sales and politics will take center-stage.The technical picture is bearish for the pair. Experts are bearish in the short and medium terms while bullish in the long term.
Read more here https://www.fxstreet.com/analysis/usd-jpy-forecast-different-reasons-same-downwards-direction-201901111008
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British PM May battles to save Brexit deal and her job
Prime Minister Theresa May is battling to save a draft divorce deal with the European Union after her Brexit secretary and other ministers quit in protest and eurosceptic lawmakers stepped up efforts to topple her.
Read more here https://reut.rs/2DGbHbE
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Centfx
While the US dollar remains constant, the Australian dollar strengthens to almost a psychological level.
Monday saw a rise in the Australian dollar (AUD), which recovered some of its recent losses from the previous session. Despite a higher US dollar (USD) and elevated global concerns, the AUD/USD pair continues to rise. An overnight drone strike on a US outpost in Jordan, close to the border with Syria, resulted in the deaths of three US military men and the injuries of at least twenty-four others. According to reports, the US military and President Joe Biden's administration are developing detailed plans on how to react to the incident that claimed the lives of three US soldiers. Strikes inside Iran are among the potential actions the military is considering, which would be a dramatic increase if implemented.
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