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Bearish USD/JPY as Long-Term Trend Turns Negative

  The overall picture has changed dramatically in the last couple of month considering USD/JPY one of the most traded forex pairs. After the historic rate hike by the Federal Reserve in December, the weakness in the U.S. economy. Currently,

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Rio Bounce Expected as Commodities are Oversold

Rio Tinto Plc (NYSE:RIO, LSE:RIO) one of the largest integrated mining companies of the world has been feeling the pain of declining commodity prices in recent years. After hitting a pre-crisis high above $90 in 2008, the stock fell as

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Kiwi Continues Downtrend as Asia Weakness Persists

  The New Zealand Dollar has been in a downtrend since the middle of 2014 as it followed the Australian Dollar and other commodity currencies down, parallel with oil’s decline. The Kiwi also reacted to the soft economic numbers from

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Citigroup completes Bearish Head & Shoulders Pattern

  Citigroup Inc. (NYSE:C), once the biggest bank in the world is still struggling to get back to growth since the financial crisis of 2008-2009. After technically going bankrupt in the wake of the subprime collapse in the US housing

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Bullish EURGBP as Chance of BOE Rate Hike Declines

  The EURGBP is at an interesting juncture currently as it recently broke the long-term resistance at 0.75. The pair has been in a broad trading range for almost the whole of 2015, after falling to 0.7 from 0.88 in

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A Corrective Rally Seems Likely for CAD

  The Canadian Dollar (USD:CAD) has declined significantly over the past two years as the USD rallied from below parity to the current levels near 1.4. An accelerating technical downtrend coupled with unfavorable fundamentals fueled the fall in the currency.

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