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The United States dollars weakened against the other major currencies as negative U.S. Manufacturing data failed expectations dampening demand for safer assets. Wall Street closed positive as S&P increased by 0.89% and the DOW by 0.66%. Crude decreased by 0.90% closing at $97.61/barrel, Gold strengthened by 0.35% to finish at $1,734.55. We await the release [...]

The United States dollar traded mixed against the major currencies after paired earlier losses as stocks fell after Consumer Confidence and business activities in the United States was weaker than forecast in January. Consumer Confidence unexpectedly dropped to 61.1 as gas prices picked up and more Americans said jobs are hard to get. Wall Street [...]

Technical Analysis The eur/usd saw price almost reach Resistance R1 – 1.3205 and sustained rise above this level would be suggesting next target at Resistance R2 – 1.3274. Rebound from current resistance would fall towards Main Pivot – 1.3140, based on the conclusions reached and indicators used, we are expecting a bullish trend. We expect [...]