Monthly Archives: June 2018

Australian Dollar Weakens Despite Strong Chinese Industrial Profits

The Australian Dollar slipped a little Wednesday following news that, although China’s industrial profits held up very well in May, they had decelerated a little from the previous month.

Official figures showed profits up by 21.1% on the year, only slightly below the 21.9% gain seen in April. Rec…

GBP/USD Technical Outlook: Sterling Threatens Larger Price Reversal

The British Pound posted an outside-day reversal off slope support last week, shifting our near-term focus higher in price. The recovery has now pulled back from the monthly open and IF prices are indeed heading higher, this decline may offer near-term entries on the long-side. These are the updated…

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