misbahulmunir32
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U.S. Stocks Set To Open Higher As Crude Oil Breaks Out To The Upside
S&P 500 futures are gaining ground in premarket trading as oil price upside makes traders more optimistic about recovery.WTI Oil Breaks Above The Resistance At $42.50WTI oil has finally managed to get above the nearest resistance at $42.50 and continues its upside move.For many weeks, continued
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Natural Gas Price Fundamental Daily Forecast – Needs to Hold $2.149 to Sustain Upside Momentum
Bank of America said prices are now at a “turning point,” with summer heat in the U.S. slowing natural gas storage gains.Natural gas futures are trading higher shortly after the regular session opening on Wednesday. Earlier in the session, the market spiked to its highest level since May 8 on the ba
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S&P 500, Dismal Job Market, and Stimulus Fireworks
The breakout above the early June highs has been more than confirmed, and the mid-Feb gap’s upper border at around 3335 is the bulls’ next objective.The breakout above the early June highs has been more than confirmed, and the mid-Feb gap’s upper border at around 3335 is the bulls’ next objective. E
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The 3 primary drivers of the higher gold price
A snippet from a note via Citi on the primary driver for the higher gold price:
The record pace of ETF investor inflows
a weakening USD
negative real yields
None of these should be surprising if you've following along, but nevertheless a useful 'in a nutshell' outline from Citi.
Targets from th
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EUR/USD pushes higher and approaches 1.19 ahead of ISM
EUR/USD gains further traction and trades closer to 1.19.
The sell-off in the dollar picks up pace and drags DXY lower.
US ISM Non-Manufacturing coming up next in the calendar.
The selling pressure is gathering traction around the greenback and is helping EUR/USD to clinch fresh weekly tops in the
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GBPUSD climbs toward Friday's high
No hourly bar closes below the 100 hour MA today keeps the buyers in control.
The GBPUSD is climbing back toward the Friday high at 1.31694. That level represents the highest level for the pair going back to March 9. The high price on that day reach 1.31996. There were other swing highs in the month
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USDJPY tests 200 hour moving average
Lower channel trendline is also in play
The USDJPY has dipped to a new session low at 105.466. That low was just above its 200 hour moving average at 105.460. The price broke below its 100 hour moving average to get there. That is currently at 105.561.
The 100 and 200 hour moving averages are pr
Pull-up Update
