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Day: December 31, 2018
December 312018
Chinese Yuan Flat on Final Day of 2018
The Chinese yuan is closing 2018 flat against its American counterpart as investors brace for a new year. Experts contend that the yuan should have a better 2019, but only if the worldâs two largest economies find a balance on trade. For now, the economic data is grim and pessimism reigns supreme. In December, Chinaâs economy did not show any signs of improvement. Manufacturing sector activity contracted for the first time […]
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December 312018
British Pound Rallies to 3-Week Highs on New Yearâs Eve
The British pound today rallied higher against the US dollar largely due to high selling pressure on the greenback during the European session. The thin trading activity witnessed in the markets on the last trading day of 2018 and Brexit developments might have also contributed to the spike higher. The GBP/USD currency pair today rallied from a low of 1.2678 to a high of 1.2780 in the mid-European session driven by investor sentiment. The currency pair’s rally was largely caused […]
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December 312018
[Poll] How Much You Made on Forex in 2018?
Happy Holidays, traders! It is time to discuss my own Forex trading performance and ask you how your trades fared in 2018. I must admit that the year was a complete disaster for my chart pattern trading strategy. It started quite well with two nice profitable trades closed in January and February but then it turned totally nuts with 14 losing trades in a row — my biggest losing steak […]
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