Monthly Archives: June 2018

Euro makes its biggest weekly loss in 19 months after the ECB meeting

Euro rose slightly in the European market on Friday against a basket of global currencies, recovering from a two-week low against the US dollar recorded earlier in the Asian market, the European currency is about to record the largest weekly loss in 19 months against the US currency, following The…

GBPJPY retreats sharply; maintains short-term bearish bias

GBPJPY plunged below the 38.2% Fibonacci retracement level of the downleg from 153.80 to 143.20, around 147.25, which overlaps with the 40-simple moving average in the 4-hour chart. The aggressive bearish rally started during yesterday’s session and has shifted the near-term bias from positive to…

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