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6 Sep 2016

EUR/GBP buyers stood their ground

The recent EUR/GBP decline has pushed the daily MACD line below zero.

Momentum traders following this technical signal will now more confident that serious inroads to the EUR/GBP downside can be achieved. Long-term sellers should find comfort in the fact that this signal hasn't occurred for more than three weeks on the daily charts.

Sep 6, 2016

Intraday SMA cross seen on NZD/USD

RBA preview: what to expect in AUD/USD?

We have the RBA tonight and AUD/USD has been flat overnight awaiting the event after a better bid display on the back of yesterday's Caixin Chinese se