EURJPY hits 15-year high
The EURJPY cross hit new highest since September 2008 on Tuesday, as larger bulls regained control after a two-day pause and a false signal from last Friday’s hanging man candle.
Broader weakness of Japanese yen extends, despite signals…
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Bulls look for further upside but markets remain cautious about possible intervention
USDJPY keeps firm bullish tone and trading near new multi-month high in European session on Tuesday, as bulls regain traction after pausing on Monday.
The pair stays above broken pivotal Fibo barrier at 142.50 (61.8% of 151.94/127.22)…
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Bears are pausing but hold grip
Bears are taking a breather after sharp fall in past two days, but remain fully in play, following bearish signals on Friday’s close below 200DMA (0.6690) and daily Kijun-sen / 50% retracement of 0.6458/0.6899 upleg (0.6679).
Weakening…
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Bearish bias under daily cloud top / 10DMA
EURUSD is consolidating within a narrow range in early Monday trading, following 0.85% drop last Thu/Fri, on pullback from new multi-week high at 1.1012 (June 22).
Near-term action remains weighed by a bull-trap above 1.0983 Fibo barrier…
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Turkish lira collapses further after CBRT rate hike
Turkish lira lost ground again and fell to new historical low against US dollar, falling around 9% in two days after CBRT’s action on Thursday was seen by markets as insufficient.
The latest lira’s sell-off was sparked by decision of…
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Growing recession fears fuel downside risk
Cable kept weak tone in European session on Friday and fell to one week low after quite mild reaction on BoE’s 50 basis points rate hike on Thursday, as the pair traded in a choppy mode after rate decision, but the action stayed capped…
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Euro falls sharply on stronger dollar, downbeat EU PMI data
The Euro accelerated lower on Friday morning, losing around 0.9% in early European trading, pressured by stronger dollar and weak EU economic data.
Fed Chair Powell said that the central bank will move interest rates at a careful pace…
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USDJPY remains supported by favorable fundamentals but needs break of key Fibo barrier to resume…
The USDJPY edged higher on Thursday, pressuring pivotal Fibo resistance at 142.50 (61.8% of 151.94/127.22), underpinned by predominantly hawkish Fed’s narrative and US weekly jobless claims within expected limits.
Larger bulls continue…
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Cable is standing at the back foot ahead BoE rate decision
Cable remains in red for the third straight day after larger bulls faced increased headwinds on approach to strong barriers at 1.2877/93 (200WMA / base of thickening monthly Ichimoku cloud).
A positive reaction to UK May CPI data in…
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Aussie falls sharply after soft rhetoric from RBA
Australian dollar accelerated to one-week low on Tuesday, extending pullback from June 16 peak at 0.6899 into third consecutive day.
Fresh drop on Tuesday (1.2% down by early US session, the biggest one-day loss since March 7) was…
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