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InvestingBetter
30 followers -
forex, investment, investing, currencies, trader
forex, investment, investing, currencies, trader

30 followers
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InvestingBetter's posts

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The #Cable came under pressure on Friday and collapsed from the 1.3100 area to trade near the 1.2900 level as fresh #Brexit news drove investors towards safer havens.

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The #Euro pulled back over the past 24 hours and after making it to the 1.1250 area it corrected to test the 1.1200 level where the 55 and 200-period moving averages lie and it attempts to mount a new effort to the upside this morning. #ForexTrading

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The #Euro rallied to the upside on the back of the #Fed meeting and made it to the 1.1200 area before the day was over.

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The #Cable printed a fresh low yesterday when it penetrated below the 1.3000 barrier to go as low as the 1.2950 area where it settled for the rest of the day ahead of the #Fed event later today. #ForexTrading


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The #Cable made an effort to correct yesterday and actually almost made it to the 1.3100 area but fresh #Brexit-related rumors pushed the #Pound lower. 

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The #Euro dropped lower on Friday when the US inflation reading ticked higher and proceeded to reach as low as the 1.1150 area as the #Dollar took control of the pair. 

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The #Cable took another U-turn yesterday and declined lower when the #BoE meeting didn’t provide any reason for investors to be excited or otherwise. 

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The #Cable reversed to the upside yesterday after falling briefly below the 1.3150 level in the early hours of the afternoon, however the rest of the US session was all about a move higher with the #Pound rallying to the 1.3275 area. 

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The #Euro remained within its previous trading range for yet another day as there was little in terms of fresh news to spark some volatility. #ForexTrading

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The #Cable corrected to the upside yesterday and made its way to the 1.3350 area before pulling back for an overnight correction. #ForexTrading

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