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Billionaire John Paulson’s Top 10 Stock Picks

In this article, we presented billionaire John Paulson’s top 10 stock picks. Click to skip ahead and see Billionaire John Paulson’s Top 5 Stock Picks. The investing guru billionaire John Paulson, who converted his hedge fund into a family office in 2020, has benefited from its bullish bets on gold and healthcare stocks in 2020 […]

Economic Data Puts the EUR and the Loonie in Focus as Inauguration Day Nears

Economic data from the Eurozone and Canada are due out on a relatively quiet day on the economic data front. Expect COVID-19 to remain a key driver alongside geopolitics.

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  European Equities: China 4th Quarter GDP Numbers and COVID-19 News in Focus

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  European Equities: Economic Sentiment Figures and COVID-19 in Focus

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AUD/USD Forecast: Gaining Bearish Potential And May Accelerate South In The Next Session

AUD/USD Current Price: 0.7679 * Chinese upbeat Q4 GDP provide temporal support to high-yielding assets. * A sour market's mood maintained the greenback strong against the aussie. * AUD/USD is gaining bearish potential and may accelerate south in the next session.The AUD/USD pair is heading into the Asian opening trading around 0.7680, posting some modest losses on Monday. Financial markets were slightly optimistic at the beginning of the week, helped by upbeat Chinese data, as the country reported a Q4 annualized Gross Domestic Product of 6.5%. Also, Industrial Production in the country rose 7.3% YoY in December, while Retail Sales were up 4.6%, this last, missing expectations of 5.5%.The mood deteriorated during the European session, as investors remain concerned about economic progress within the pandemic environment. Australia didn't publish macroeconomic data, but will release this Tuesday some minor housing figures.AUD/USD Short-Term Technical Outlook The AUD/USD pair has extended its decline, which increases the risk of a bearish continuation in the upcoming sessions. The 4-hour chart shows that the pair has settled below its 20 and 100 SMAs, with the shorter gaining bearish strength. Technical indicators remain near daily lows within negative levels, lacking directional strength. The slide will likely gain pace on a break below 0.7658, the daily low.Support levels: 0.7655 0.7620 0.7580Resistance levels: 0.7720 0.7770 0.7815View Live Chart for the AUD/USDSee more from Benzinga * Click here for options trades from Benzinga * EUR/USD Forecast: Bearish And Pressuring A Mid-Term Fibonacci Support Level * AUD/USD Forecast: Reaches Weekly Highs And Holds Positive Bias(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  AUD/USD and NZD/USD Fundamental Weekly Forecast – Could Struggle as Investors Become More Risk Averse

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  AUD/USD Daily Forecast – Test Of Support At 0.7675

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