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Valutrades Market Blast Fundamentals 19 August 2019

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Market Recap: 12 - 16 August

 

 
On Tuesday last week we covered the AUDUSD which spent the rest of the week resting on a new support level at 0.6750, after dropping through to a 2019 low below 0.67 two weeks ago. In the two weeks prior, the AUDUSD fell sharply from above 0.7050 down to the support level at 0.6850 before continuing to decline down to 0.6750.
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EURUSD - Looking for Support at 1.11 as ECB Poised to Act

 

 
In the last few days the EURUSD has fallen back down to the key 1.11 level where it is currently looking for some support after trying to push beyond the key 1.12 level for the entire week prior. The numerous doji and pin bar candlesticks showed how enthusiastic the selling was during that period repelling buying above 1.12. For the last four months the EURUSD has enjoyed a lot of support from the 1.11 level so it is likely to rebound a little off this level.
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European Union Gross Domestic Product (GDP) q/q

Today at 10am UK time. GDP q/q reflects the changes in the total value of all goods and services produced in the euro area in the current quarter compared to the previous one, with data seasonally adjusted. GDP measures economic growth. F:0.2%, P:0.2%. #EURUSD may test 1.11. 

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Valutrades Market Blast Technicals 13 August 2019

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ZEW Germany Economic Sentiment Indicator

Today at 10am UK time. Calculated monthly by the Center of European Economic Research as a survey of around 300 experts on expectations concerning the economy, inflation, interest rates, stock markets, and oil prices for the next six months. F:-22.9, P:-24.5.

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Valutrades Market Blast Fundamentals 12 August 2019

Welcome to this week’s Market Blast Technicals where we will look at EURUSD, EURJPY, the USD Majors, Gold (XAUUSD), GBPUSD and the Pound Crosses.

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Valutrades Market Blast Technicals 6 August 2019

Welcome to this week’s Market Blast Technicals where we will look at EURUSD, USOil, USDCAD, Gold (XAUUSD), and GBPUSD.

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Market Recap: 29 July - 2 August

 

 
On Tuesday last week we covered AUDUSD which spent the remainder of the week falling sharply down to its lowest level for this year around 0.6750. This simply continued the strong fall from above 0.7050 however many would have considered the 0.6850 to offer strong support like it has had done on two occasions is as many months. It was only a week earlier that the AUDUSD surged strongly back up to the current key level of 0.7050 as it then looked poised to threaten this level and possibly move higher.
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EURUSD - Drops to Two Year Low Below 1.11 as Eurozone Growth Halves

 

 
In the last three weeks the EURUSD has fallen sharply which has culminated in a strong drop in the last 24 hours to push through any support at 1.11 and fall to its lowest levels in more than two years. It had been enjoying some solid support from the key 1.12 level again after rallying and trying to push through the other key level of 1.13, although the 1.12 level may now be another layer of resistance the EURUSD has to work through if it is to rally in the near future.
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