China’s consumer and factory inflation slows further on weakening demand
China’s annualized consumer price index rose 0.7% in March, compared to 1.0% previous month and missed consensus for 1.0% rise, while monthly inflation was down by 0.3%, slightly better than 0.5% drop in February but well below forecast for…
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Extended pullback to mark a healthy correction while above 20DMA
Cable accelerates lower in thin volumes on Monday, extending pullback from 1.2525 top (Apr 4) into fourth straight day.
Drop below initial support provided by 10DMA (1.2395) and extension briefly below 1.2354 (Fibo 23.6% of…
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WTI Oil – narrow consolidation likely to precede fresh push higher
WTI oil price is holding in extended consolidation within $80.00/$81.00 range for the fifth straight day, after last Monday’s opening with gap higher of nearly 6%.
Bulls continue to hold strong gains, sparked by surprise decision by…
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EURUSD – bullish bias above 10DMA
The Euro remains constructive but holding within a narrow range for the third straight day, on Easter-holiday thinned market.
The price action continues to hold above rising 10DMA (1.0892), keeping bullish bias for retest of last week’s…
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USDJPY – more work at the upside needed to strengthen bullish structure
The USDJPY keeps positive tone for the third consecutive day, as improved sentiment and solid US jobs data underpin dollar.
Fresh extension in early Monday penetrated thick daily Ichimoku cloud (cloud base lays at 132.15) and cracked…
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US labor data possible scenarios
The US labor report, the last key release ahead of US Federal Reserve monetary policy meeting in early May, will be closely watched by the central bank, for more clues about their next steps.
After the shockwaves from the largest bank…
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Euro remains constructive ahead of US labor data
The Euro started to gain traction in early US trading on Thursday, following a limited dip from new two-month high on Wednesday.
Overall picture remains bullish as the single currency benefited from weaker dollar, after downbeat US data…
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Oil steadies above $80 after Monday’s sharp rise
WTI oil keeps firm tone and holding above broken $80 barrier, now reverted to support, for the fourth straight day.
Near-term action is holding near new nine-week high, posted after Monday’s opening with large gap-higher and subsequent…
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Bears look for confirmation on break of trendline support / daily Kijun-sen
Australian dollar extends weakness into third straight day, deflated by prospects that the RBA’s tightening cycle is likely at the end.
Weakening technical studies on daily chart contribute to negative near-term outlook, as 14-d momentum…
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Limited dips keep larger bulls intact
Cable regained traction in early Thursday’s trading, underpinned by better than expected UK housing data, reducing immediate risk of deeper pullback after Wednesday’s close in red.
The pair hit new multi-week high (1.2525) following…
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