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Shared publicly -EUR/USD and GBP/USD Forecast
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The EUR/USD pair rose rapidly during the day on Friday after we got the nonfarm payroll announcement, as the Americans only added 38,000 jobs during the month of May. The GBP/USD pair rose during the course of the session as well, and for the same reason essentially.
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DailyForex
Shared publicly -WTI Crude Oil and Natural Gas Forecast
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bit.ly/1WBBW5D
The WTI Crude Oil markets initially fell on Friday in reaction to the poor jobs number, but also got a little bit of a boost by a shrinking US dollar. The natural gas markets have shot straight up over the last several sessions, but have gotten a bit overextended at this point.
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DailyForex
Shared publicly -Gold Weekly Forecast
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bit.ly/1t0ATzC
Gold prices settled at $1244.18 an ounce on Friday, making a gain of 2.52% on the week, as disappointing U.S. jobs data dimmed the prospect of an interest rate hike by the Fed in the near term.
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Shared publicly -S&P 500 and NASDAQ 100 Forecast
bit.ly/1VHaUJd
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The S&P 500 initially fell during the day on Friday, in reaction to the poor jobs number coming out of America. The NASDAQ 100 also did the same thing, forming yet another hammer.
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DailyForex
Shared publicly -USD/JPY and AUD/USD Forecast
bit.ly/1YayJcT
bit.ly/1YayJcT
The USD/JPY pair fell significantly during the course of the session on Friday, which of course makes sense considering that the jobs number was so bad. The AUD/USD pair broke higher during the day, as the US dollar failed against the Aussie. We closed at the very top of the range, and that looks as if we are going to continue to go much higher.
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DailyForex
Shared publicly -China Comes Out Strongly Against Brexit
bit.ly/1Y2x4Wn
bit.ly/1Y2x4Wn
China has been silently rooting for Britain to stay in the EU. Until this past month, Beijing kept a low profile concerning Brexit but it now realizes that it has an important stake in the economic consequences of a “leave it” vote and it has come out in strongly in favor of the UK remaining as a member of the international organization.
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