Index and Commodities Trading week beginning 21 / 04 / 2025
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- April 20, 2025
EUR/USD: Monthly timeframe: Brought forward from previous analysis: Long term, EUR/USD’s primary trend has faced a southerly trajectory since topping in mid-July 2008, at 1.6038. Activity on the monthly chart remains languishing south of a resistance area at 1.2048/1.1653 as well as a trendline resistance (1.6038). Downside risk remains on this timeframe until connecting with
READ MOREThe Australian dollar declined after NAB Bank released its monthly business survey numbers. Data showed that business confidence increased from zero in September to 2. The business survey increased slightly from 2 to 3. The employment sub-index remained steady at 4 in the month. In a statement, the bank’s chief economist said that these numbers
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