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GBP/USD currency pair analysis


The pound against the dollar continues its bearish movement, as it confirmed the breach of the 1.2200 support level and is approaching the next support 1.2100.

We are likely to see some correction to the upside as a result of the positive signal that comes from the stochastic indicator, and …

EUR/USD currency pair analysis


The EUR/USD pair was able to break the support level 1.0475, thus starting the descending path towards the support level 1.0400, which is likely to continue the bearish scenario provided that trading remains below the support level 1.0475.

The price is currently forming a rebound upward movement, as a result …

Wall Street slid after weak consumer confidence data


News of the day, Wednesday, June 29

Wall Street closed sharply lower yesterday amid recession fears. The S&P and Nasdaq lost about 2% and 3% respectively, with Apple, Microsoft, and Amazon losing the most.

Oil prices fell today after three days of a rally with Brent crude down 0.8%, and …

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