Dollar index dips through key supports after downbeat US jobless claims data
The dollar index accelerated lower on Thursday, extending steep pullback into fifth straight day.
Fresh weakness broke below key supports at 100.28/00 (Fibo 38.2% of 94.59/103.80 rally / psychological), generating strong reversal signal.…
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Bulls face headwinds from psychological 1.20 level but key Fibo barrier at 1.2093 is still in focus
Cable stands at the front foot in European trading on Thursday, following bullish signal on previous day’s close above 1.1832 (Fibo 23.6% of 1.3199/1.1409) but bulls face headwinds on approach to psychological 1.20 barrier, with near-term…
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Extended recovery penetrates daily cloud and focuses key barriers
The Euro extends recovery into fifth straight day, with bullish signal generated on Wednesday’s close above 1.0838 Fibo barrier (23.6% of 1.1494/1.0635).
Fresh advance cracks the base of thick daily cloud (spanned between 1.0930 and…
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Bulls focus 2020/19 highs but may take some time for final attack
The pair maintains bullish tone and eyes key barriers at 112.22 (2020 high) and 112.40 (2019 high) as four consecutive closes above Fibo barrier at 109.61 (76.4% of 112.22/101.18) added to positive signals despite evident hesitation that is…
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Cable dipped nearly three big figures after recovery ran out of steam
Cable lost traction and fell near 1.1700 handle in early US trading on Wednesday after recovery accelerated through Fibo 23.6% and 10DMA barriers (1.1832/87 respectively) but stalled after hitting a peak at 1.1973.
The pair lost…
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WTI price dips as oversupply concerns offset positive impact from US aid package
WTI oil dips below $24 on Wednesday after hitting session high at $25.83, unable to hold gains, despite overall positive sentiment in the markets after US Congress passed aid package.
Oil prices remain vulnerable of fresh losses as…
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Recovery needs close above pivotal Fibo barrier to signal reversal
The Euro stands at the front foot on Wednesday and probes again above pivotal Fibo barrier at 1.0838 (23.6% of 1.1494/1.0635 fall) following Tuesday’s failure to clearly break above, despite spike to 1.0887.
The sentiment has improved on…
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Cable extends advance on fresh risk appetite; Tuesday’s bullish engulfing underpins
Cable extends advance into second day, driven by fresh risk appetite on US stimulus package.
Bulls broke above Fibo barrier at 18323 (23.6% of 1.3199/1.1409), adding to positive signal on Tuesday’s bullish engulfing.
Fresh upside…
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Dow continues to head north after Tuesday’s massive 11.5% advance, driven by fresh optimism on…
The Dow Jones extends gains on Wednesday, following previous day’s massive 11.5% rally, riding on fresh optimism on Fed $2 trillion aid package that is to be approved by US congress.
Restored confidence after Fed’s latest measure,…
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Post-Fed recovery attempts so far lack momentum to accelerate stronger
WTI oil eased $1 in European trading on Tuesday after attempt to extend recovery stalled at $25.64.
Oil was boosted by Fed’s latest steps to bolster the economy, hit by corona virus pandemic, but $2 trillion-worth aid package is still…
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