British pound rises on weaker dollar, bulls look for confirmation on close above thick daily cloud
Cable accelerates higher on Thursday, lifted by weaker dollar as markets are still not sure what the Fed will decide in the next week’s policy meeting.
The latest surprises from RBA and BOC raise hopes that the US central bank would opt…
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Aussie keeps bullish tone and attacks again key barriers
Australian dollar regained traction on Thursday and probing again through key 0.6680/90 resistance zone (daily cloud base / Fibo 61.8% of 0.6818/0.6458 / 200DMA) following a false break on Wednesday.
The latest hawkish comments from…
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Canadian dollar receives fresh boost from BOC hawkish hike
The USDCAD pair is holding firmly in red for the third straight day and near one-month low, posted on Wednesday after a BOC hawkish hike.
The Bank of Canada surprised markets by raising interest rate by 25 basis points to 4.75%, the…
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Turkish lira suffered the biggest one-day loss in five years
Turkish lira collapsed against US dollar on Wednesday, losing around 7% of its value during Asian and European trading, in the biggest daily fall since 10 Aug 2018.
Fresh weakness signals an acceleration of lira’s larger downtrend, which…
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Near-term bias remains negative below 140
The USDJPY edges lower on Wednesday, keeping negative bias below psychological 140 barrier, after repeated failure to clear this level in past three days.
Overall picture is still bullish but weakening, as falling 14-d momentum is…
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Bears look for further extension
The Euro extends weakness in early Wednesday’s trading, following return below 1.07 mark and tested Fibo support at 1.0669 (76.4% retracement of 1.0635/1.0779 recovery leg).
Optimistic signals from ECB’s survey which showed that EU…
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Dollar keeps firm tone ahead FOMC rate decision
The dollar index regained traction and returned back above 104 mark on Tuesday, on track to fully retrace recent 104.58/103.30 pullback.
The greenback was in a shaky mode in past few days, as increased volatility was sparked by Fed’s…
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Extended range trading ahead of Fed policy decision
Gold is trading within a narrow range in European session on Tuesday but holding slight bid after Monday’s bounce which recovered around 50% of Friday’s post NFP 1.5% fall.
Technical studies are mixed on daily chart, as the metal’s price…
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Australian dollar rises to three-week high on RBA’s hawkish shift
Australian dollar rose to three-week high in early Tuesday, after RBA’s surprised by 25 basis points rate hike vs widely expected unchanged policy on today’s meeting.
Australia’s central bank lifted interest rates to 4.1%, the highest in…
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Close within daily cloud to signal further weakness
Cable extends weakness into the second consecutive day, pressured by higher dollar on strong US NFP beat, which partially offset negative impact on expectations that the Fed would stay on hold in \June policy meeting.
Fresh bearish…
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