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Market players and traders often undervalue durable goods orders. Still, this article seeks to highlight the significance of this economic data print by going through its definitions, fundamental economic principles, and effects on the trading of financial markets. DURABLE GOODS…

GBP/USD rises for the second day and reaches a new weekly high. Bets on the Fed raising rates less aggressively weigh on the USD and strengthen the pair. The GBP is supported by better-than-expected UK PMI, which also supports the…

In this article, we have covered the highlights of global market news about the AUD/USD, USD/JPY, GBP/USD and USD/TRY. AUD/USD faces more losses if it falls below 0.6570 - UOB The 0.6530 level may be tested again if the 0.6570 barriers is passed, according to…

"The trend is your buddy." Although it is common knowledge and makes perfect logical sense, this advice is so ambiguous in real life that it is useless. Because timing and entrance into that setup will probably decide one's success or…

Renewing selling pressure is applied to USD/CAD, which is also impacted by other variables. A rise in oil prices supports the Canadian dollar and puts pressure on it amid general USD weakness. Before making strong directional wagers, use care due…