Hobbes
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GBP/USD bullish move recovery on H4 timeframe must read caption.
#GBP/USD# GBP/USD will retrace from here now and will recover itself I have prepared this chart for and it displays the GBP/USD pair on a 4-hour timeframe. It shows a long-term downtrend from mid-2024 to early 2025. A support level, previously established in an earlier timeframe, is ma
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German industry might have reached the bottom
On the radar Trade balance in Romania was in deficit of EUR -2.84 billion. Retail sales grew dynamically in November in Romania – up by 9.2% y/y. 3Q24 GDP growth was revised marginally up to 1.2% y/y in Romania. At 10.30 AM CET Slovenia will publish industrial output growth in November. At noon CET
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Fed's Harker: Fed still on rate-cut path, future moves driven by data
Philadelphia Federal Reserve President Patrick Harker said on Thursday that the US central bank is still expected to continue to cut rates but explained that the path will depend on data, per Reuters. Key takeaways "Underpinnings of economy strong amid high uncertainty." "Fed must be data-dependent
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Uranium Miners ETF (URA) Has Turned Higher
The Global X Uranium ETF (URA) is designed to provide investors with exposure to the uranium mining industry. It includes companies involved in uranium mining, exploration, development, and production, as well as those producing nuclear components. With significant holdings in major uranium producer
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Forex Today: Greenback takes a step back on Monday
The US Dollar eased on Monday, giving other currencies a chance to recover some much-needed ground as markets gear up for another US NFP jobs print due at the end of the week. Here’s what you need to know heading into Tuesday, January 7: The US Dollar Index (DXY) eased lower, falling back below the
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WTI crude gains fifth straight day, breaking above December high
Happy 2025! Hope you enjoyed your holiday season. WTI Crude (CL) gained another 1% plus Friday, closing the NY’s shortened week just shy of the psychologically key 75 whole figure level. The bigger picture is of CL breaking what is arguably a Bull Flag resistance connecting the highs of March 2022,
Pull-up Update