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- Bitcoin is encountering increased resistance to its 50-day simple moving average approach.
- It’s shaping up to be a risk-friendly kind of day, which is why I’m looking at AUD/USD possibly breaking its short-term downtrend.
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This is larger by itself than all other markets combined. The dollar index is trading at levels last seen in a bull market in 2000, and July 2022 is coming up to a climb of 4%. How has this impacted the currency pairs on my watchlist? I will look at the various pairs in individual articles, starting with the euro-U.S.
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Check out this article from Benzinga’s forex trading experts to learn about the best forex trading strategies. GBP/USD is extending gains to recapture 1.2000, as the UK employment data fan 50 bps August BOE rate hike DotBig company expectations. The US dollar tumbles amid easing bets of 100 bps July Fed lift-off and a downbeat mood. dotbig.com testimonials Benzinga’s financial experts give you an in-depth look at everything you need to know when investing in forex.
Read on to see what you can expect from the data release. It’s shaping up to be a risk-friendly kind of day, which is why I’m looking at AUD/USD possibly breaking its short-term downtrend. Our gain and loss percentage calculator quickly tells you the percentage of your account balance that you have won or lost. After a 16.66% decline from its high in 2021, the Australian dollar, with its weekly candle is starting to look interesting for the bulls. Bitcoin is encountering increased resistance to its 50-day simple moving average approach.