Cable remains under increased pressure
Cable fell to the lowest in almost 2 ½ months on Wednesday, extending a steep fall from 1.3588 (July 24 lower top) into fifth straight day.
Sterling is likely to weaken more as recent much better than expected US economic data (ADP…
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EURUSD extends steep fall into third day, eyes Fed’s decision for fresh signals
EURUSD extends the sharp fall into third consecutive day, losing about 2.5% since Monday opening.
Fresh strength of dollar on very favorable for the US trade deal with EU and much stronger than expected US economic growth in the second…
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WTI OIL – bulls pause under cloud top after strong advance in past two days
WTI oil price eases from new five-week high on Wednesday after advancing over 6% in past two days.
Partial profit taking after strong rally was caused by technical signals, as well as on uncertainty over President Trump’s latest threats…
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Dollar continues to trend higher as sentiment brightens after US-EU trade deal
The dollar index keeps firm tone and rallies to new five-week high on Tuesday, in extension of Monday’s 1.1% advance (the biggest one-day gain since May 12).
The greenback accelerated higher on Monday after US and EU reached a trade…
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USDJPY – bulls start to lose traction ahead of key barriers but still hold grip
Strong rally in past three days started to run out of steam on Tuesday, as daily action was so far shaped in long-legged Doji candle that signals indecision.
Bulls show signs of fatigue after retracing over 76.4% of 149.18/145.85…
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Gold falls to three-week low as dollar benefits from US-EU trade deal
Gold continues to trend lower and extends drop from last week’s top ($3438) into fourth straight day on Monday.
The metal’s price fell to the lowest in three weeks after US-EU trade agreement further lifted dollar, pushing gold through…
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XRPUSD – bulls are regaining control after pullback found firm ground at $3.00 zone
XRPUSD rose to five-day high on Monday, extending recovery into third straight day. Fresh gains cracked 50% retracement of $3.6522/$2.9525 pullback, adding to growing signals that correction might be over.
Repeated rejection at $3…
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EURUSD tests strong support zone after a sharp drop
EURUSD lost ground on Monday after a gap-higher opening and short-lived gains, losing nearly 0.7% in late-Asian / early European trading.
Positive impact from US-EU trade deal was so far very limited, probably that markets have already…
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GBPUSD under increased downside pressure
Cable remains under increased pressure and heads south for the second straight day (down 1% in two days).
Persistent weakness in Britain’s business activity, increasing pace of cutting jobs and growing concerns about government’s…
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GOLD – bears regained control and look for test of key supports
Gold price continues to trend lower for the third consecutive day, deflated by stronger dollar and optimism on signs of progress in US-EU trade talks.
Bears regained control after a double upside rejection and false break above the…
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