The Euro accelerated lower against the British Pound, putting in the largest daily loss in six months and exposing the 0.77 figure. Prices established a top with the formation of a Bearish Engulfing candlestick pattern as expected, with subsequent losses hinting the long-term down trend may be resuming. Near-term support is in the 0.7683-0.7703 area, marked by a horizontal pivot and the 38.2% Fibonacci retracement. A break below this barrier ...
Forex Weekly Outlook April 25-29 The US dollar ended the week on a positive note. GDP reports from the US and elsewhere, durable goods orders and the Fed meeting all stand out. Also note the BOJ’s decision which has become more important now. These are the highlights of this week. German Ifo Business Climate: Monday, 8:00. German business sentiment was lifted in March, after three consecutive declines, amid higher optimism ...
Metallica drummer Lars Ulrich has the revealed that the group's forthcoming release should be out sometime this year. It will be their first new offering since 2008's Death Magnetic and Ulrich opened up about the new release while speaking with Billboard. "I think it's going to get wrapped up soon," Ulrich said. more...
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