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USD Strength Accelerates After Completing Bearish Flag in EUR/USD
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com
KEY TAKEAWAYS
* EUR/USD executes bearish flag formation
* Leaves rising trend channel by breaking rising support line as a result
After a rally from $1.045 to a high of $1.1140 from October to December 2023, the EUR/USD exchange rate has now executed a bearish flag formation, which...
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MEMBERS ONLY
Yields, Oil, US Dollar Rise, Equities Tepid: Stock Market Starts the Month With Mixed Signals
by Jayanthi Gopalakrishnan,
Director of Site Content, StockCharts.com
KEY TAKEAWAYS
* Overall, the stock market has managed to hold on to its upward rally even in spite of a pullback
* Crude oil prices rose on news of production cuts
* Treasury yields rose on the jobs report data
The much-awaited August jobs report was released on Friday. While it came...
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