Category: Area
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Deflation in China is spilling over into the US and euro area: Morgan Stanley By Investing.com
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Deflationary pressures from China’s slowing economy are starting to reverberate through global markets, particularly affecting the United States and the euro zone through lower commodity prices, Morgan Stanley said on Monday. China’s prolonged deflation, the deepest since the 1990s, is exacerbating overcapacity problems despite recent policy measures aimed at stabilizing…
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Chart Art: USD/CAD’s Area Of Interest Near 1.3600
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The USD/CAD pair is testing a key area of interest before the US releases its June inflation reports. Will the pair stay within its current range? Or is it ready to go? USD/CAD currency pair on 4-hour chart Chart by TradingView The US dollar has been losing ground against its…
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Euro Area CPI Eased Slightly But Services Inflation Remained Sticky High In June
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Eurozone core inflation fell to 2.5% year-on-year in June from 2.6% year-on-year, data from Eurostat, the European Union’s statistics agency, showed. Core inflation, which excludes volatile items such as energy, food, alcohol and tobacco, held steady at 2.9% year-on-year, beating market estimates of a 2.8% decline. Link to Eurozone CPI…
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USDC Becomes First Major MICA Compliant And Regulated Stablecoin In The European Economic Area (EEA)
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In a significant development for the digital assets landscape, circleCircle, a global fintech and USDC issuer, announced that its French entity has become the first global stablecoin issuer to achieve compliance with the European Union’s pioneering Markets for Crypto-Assets (MiCA) regulatory framework. This achievement underscores Circle’s commitment to building a…
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USDC Becomes First Major MICA Compliant And Regulated Stablecoin In The European Economic Area (EEA)
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In a significant development for the digital assets landscape, circleCircle, a global fintech and USDC issuer, announced that its French entity has become the first global stablecoin issuer to achieve compliance with the European Union’s pioneering Markets for Crypto-Assets (MiCA) regulatory framework. This achievement underscores Circle’s commitment to building a…
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Chart Art: GBP/CAD’s Potential Support Near A Long-term Area Of Interest
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GBP/CAD is having trouble extending the downtrend despite a bullish CAD report. Will this extend the pair’s weeks-long upward trend? We look at the daily chart for more evidence: GBP/CAD Forex Daily Chart by TradingView In case you missed it, Canada just dropped its May CPI numbers which showed faster-than-expected…
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EURUSD tests broken swing area between 1.0720 and 1.0735
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EURUSD is testing a swing zone between 1.0720 and 1.0735 EURUSD fell below the swing zone on Friday between 1.0720 and 1.0735. The selling intensified, and the low price moved towards 1.0666 before bouncing back at Friday’s close. Today, the initial move was to the downside in the Asian session,…
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Chart Art: WTI Crude Oil (USOIL) Hanging Out at Area of Interest
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WTI is in correction mode as it tests the confluence of resistance levels on the 4-hour chart. Is the trend still our friend in this direction? Check out the inflection points I’m watching: West Texas Intermediate (USOIL) 4 hours Chart by TradingView Expectations of increased demand for crude oil in…
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The RBNZ rate decision sent the NZDUSD higher into swing area resistance. What next?
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The Reserve Bank of New Zealand kept interest rates unchanged but raised its forecasts for future interest rates. This was more stringent and sent the NZD/USD pair higher. But after reaching the swing zone resistance between 0.6148 and 0.6159, buyers turned to sellers. It was believed that Governor Orr’s comments…
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Chart Art: Gold (XAU/USD) Correction to Area of Interest
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Did you miss gold’s strong breakout? This could be your chance to follow the trend if you are still bullish on the precious metal! Take a look at this confluence of levels I’m seeing on the 4-hour time frame. Gold (XAU/USD) 4-Hour Frame Chart by TradingView Watch out, gold bugs!…
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FX Watch: EUR/NZD’s Resistance Area Ahead of RBNZ’s Policy Decision
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EUR/NZD is approaching the technical resistance area! Will the pair continue its downward trend this week? Or will the RBNZ policy decision inspire a bullish breakout for its Kiwi counterpart? While we did not see market catalysts yesterday, commodity-related currencies such as the New Zealand dollar fell against their counterparts…
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USDCAD retraces gains on the day and tests swing area support ahead of 38.2 retracement.
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USD/CAD has now regained its previous gains in today’s trading. The price is now falling and testing the swing zone between 1.3604 and 1.3615. A move below this level would have traders looking towards the 38.2% retracement of the move up from the December 2024 low to the high price…