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US heating oil futures traded around $2.47 per gallon, hovering near a one-month low of $2.467 touched on July 16th as markets assessed the latest supply levels. The EIA showed that distillate stockpiles rose by 3.454 million barrels in the week ending July 12th, against estimates of a 0.5 million barrel draw. Meanwhile, heating oil inventories rose by 252...

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The Bank of Canada cut its key interest rate by 25bps to 4.75% in its June 2024 meeting, as expected, and signaled that more rate cuts are to be delivered should inflation continue to slow as expected. The central bank noted it has stronger confidence that disinflation is converging toward the target of 2%, warranting a less restrictive policy stance. Both of the...

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The British pound fell below $1.27 after the Bank of England left the key bank rate steady at 5.25% as expected, with only two members voting for a rate reduction, the same as in the previous meeting. However, the decision not to cut was “finely balanced” for some policymakers, in a sign a policy ease should come this year. The odds for a rate cut in August...

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The Euro extended losses to below $1.069 after weaker-than-expected PMIs for June raised concerns about a setback in economic performance of the Euro Area, raising bets the ECB could deliver further interest rate cuts. Flash PMIs showed manufacturing unexpectedly contracted at a sharper rate in the Eurozone, Germany and France. The services sector also posted a...

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Hey traders here is a beautiful buy setup lets wait for the price to give us pullback what is your view

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The euro surged towards $1.08, marking its strongest level since April 9th, as traders revised their expectations for interest rate cuts following the release of a weaker-than-anticipated US jobs report. The data revealed that the US economy added fewer jobs than projected last month, with only 175,000 jobs created, prompting investors to accelerate their...

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The USDZAR decreased 0.2310 or 1.21% to 18.8042 on Friday April 26 from 19.0352 in the previous trading session. Historically, the South African Rand reached an all time high of 19.92 in June of 2023

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The dollar index held around 105.6 on Wednesday after losing 0.4% in the previous session, weighed down by cooling US private sector growth which supports the case for Federal Reserve interest rate cuts. Data showed that US business growth slowed and signaled only a slight expansion in April as both manufacturing and services activities eased. The greenback also...

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Silver increased 4.10 USD/t. oz or 17.25% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Silver is expected to trade at 25.58 USD/t. oz by the end of this quarter. Looking forward, we estimate it to trade at 27.13 in 12 months time.

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I see a bullish movement For every breakout price must retrace to retest the broken zone

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Sell setup Fibonacci 61.8 The price needs to retest the broken zone

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for ever breakout price needs to retest let's wait for the price to retest our discounted zone before we go long Fibonacci retracement 61.8 What is your view on this pair

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Let's get ready to sell usdzar The price broke the structure to the downside Let's wait for the price to pull back to our oderblock And sell this pair

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For every breakout price have to retest This is a sell setup The price broke the structure , we will anticipate on a sell move when the price retest the broken zone What is your view mates

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For every breakout there must be a retest Let's wait for the price to retrace to our discounted are then we go short What is your view

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Let's look for entry to go long on the highlighted golden zone The price broke the structure and the price needs to retest before it keeps on pushing to the upper side What is your view on this

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Sell setup It have been on a down trend since 2022 The price broke the structure to the down side Let's trade this pullback What is your view on this pair

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I expect gbp index to pull back to the oderblock/ discounted area The price have been on the down trend since I expect a massive drop on gbp pairs for the next few years