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Greg Michalowski

The EURUSD backs off from 200 hour MA test. Bears in control.

FOREX QUICK: In a forex quick look video, Greg Michalowski of ForexLive.com reviews the price action in the EURUSD after the US jobs report. The corrective high off of the lows moved up...

Atlanta Fed GDPNow estimate for 3Q growth rises to 2.9% from 2.7%

The Atlanta Fed GDPNow growth model for 3Q growth ticked up to 2.9% from 2.7% last after today's data. That is the highest growth estimate for the 3rd quarter. It is also up...

The US broad indices are higher for the week…. Good news, right? Not so fast!

The major US stock indices are still up on the week...The broader S&P and Nasdaq indices are both down over 2.2% on the day. The S&P is down -2.22%. The...

USDCAD tests the 200 hour MA as oil rise helps to send the loonie higher (USDCAD lower)

That move to the downside has now returned back to the 200 hour moving average at 1.3677. The low price just reached that level and found support buyers. The current price is trading...

GBPUSD latest dip tries to break and stay below the 200 hour MA again

Last week, the GPBUSD closed at 1.1183.The high price this week stalled just ahead of the 1.1500 level before rotating back to the downside over the last few days. The current prices lower...

EURUSD bias remains to the downside

.So the price remains above the lower end of the swing area near 019733 but below the 50% midpoint at 0.97667. That tilt the bias still in favor of the sellers. For dollar...

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