Brent oil price jumps over 4% on fresh escalation of US-Iran conflict
Brent price jumped over 4% on Wednesday morning, extending recovery leg from temporary base at $70 zone.
Fresh acceleration was sparked by the latest comment from President Trump that deal with Iran is over, following the latest fire…
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AUDUSD – recovery faces increased headwinds from initial Fibo resistance
Tuesday’s action, shaped in tight Doji candle, suggests that recovery leg from 0.6865 (June 30 low) starts to lose traction, following repeated failure at initial Fibo barrier at 0.6961 (23.6% retracement of 0.7271/0.6965) reinforced by…
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GBPUSD – recovery faces strong headwinds on approach to key 1.3400 resistance zone
Cable moves within a narrow-range sideways mode for the second consecutive day, after 1% advance last week that completed reversal pattern on weekly chart (after the downleg from 1.3869 was contained by ascending trendline, drawn off…
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USDJPY – bulls regain control after limited correction, eye multi-decade peak
Strong rise in early Monday trading is about to fully reverse last week’s 162.84/160.47 pullback, which marked a healthy correction (contained by Fibo 23.6% of 155.02/162.84 upleg) of larger uptrend.
Completion of reversal pattern on…
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EURGBP – larger bears to take a breather
EURGBP edges higher on Friday after fresh acceleration lower in past three days failed to clearly break Fibo support at 0.8552 (50% retracement of 0.8239/0.8865 rally, also weekly Ichimoku cloud base) and formed a bear-trap pattern on daily…
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US labor growth slows more than expected in June – NFP
The closely watched employment report from the US Labor Department released on Thursday showed nonfarm payrolls increased by 57,000 jobs in June after a downwardly revised 129,000 (from 172,000) rise in May and disappointed expectations for…
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Dollar falls on disappointing US June NFP numbers
The US dollar fell across the board on Thursday, hit by disappointing US labor data, (June NFP 57K vs 114K f/c and downwardly revised May result to 129K from 172K) reflecting significantly weaker than expected job growth last month.
The…
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GOLD price bounces on positive news but key barrier still holds; US labor data in focus
Gold price jumped on Wednesday (up 2.2% until early US session) following another failure at strong $4000 support (metal failed to register clear break below this level in six consecutive attempts.
Weaker than expected US private sector…
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BRENT OIL – fresh weakness generates initial signal of bearish continuation
Brent price fell on Wednesday, after holding within narrow range in past two days, on track for eventual close below Fibo support at $73.04 (76.4% retracement of $58.70/$119.47 advance), after four consecutive failures at this level.…
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Eurozone inflation falls more than expected in June, eases pressure on ECB for further tightening
Eurozone inflation eased to 2.8% in June from 3.2% in May and fell below expectations for 3.0% rise, while core inflation, that excludes the most volatile components, fell to 2.4% last month from 2.6% in May and undershot 2.5% forecast.…
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