EURUSD – Increased risk of deeper fall
The Euro dips to the lowest levels since Jan 6 on Friday, with break below the floor of recent multi-day range, signaling bearish continuation.
Fresh weakness also broke into rising daily cloud which offered significant support, adding to…
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Extended bears test key support zone
The AUDUSD holds in a steep fall for the third straight day, pressured by risk aversion as the US dollar rises on expectations of further rate hikes.
Fresh bearish acceleration on Friday (the pair was down 0.7% in Asia / early Europe)…
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UK retail sales rise above expectations in January but overall picture remains gloomy
UK retail sales unexpectedly jumped in January, with monthly figure showing 0.5% increase vs expectations for 0.3% drop and December’s downwardly revised -1.2%, while annualized retail sales fell by 5.1%, following 6.1% drop previous month…
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Dollar rises to new multi-week high, signaling bullish continuation
The US dollar rose to new six week high in early Friday’s trading, with fresh extension higher signaling continuation of the bull-leg from 100.66 (2023 low, posted on Feb 2), which paused for eight-day consolidation.
The greenback remains…
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Bears face headwinds from key supports
Cable remains firmly in red on Thursday and extends previous day’s strong fall (down 1.1% for the day) to almost fully retrace 1.1960/1.2269 recovery leg.
Fresh weakness spiked to 1.1965, but subsequent bounce signaled strong headwinds…
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USDJPY – Weaker than expected US data add to positive outlook
The USDJPY is consolidating within a narrow range under new multi-week high on Thursday, as bulls pause after a strong rally in past three days, when the pair gained 2.2%.
The dollar keeps bullish near-term stance on expectations that the…
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Euro stays in prolonged sideways mode and looks for direction signals
The Euro ticks higher on Thursday but lacks direction as the price remains within the range for the fifth consecutive.
The downside was so far protected by Fibo 23.6% of 0.9535/1.1032 (1.0679) and nearby top of rising daily cloud which…
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Dollar bulls lose traction under thick daily cloud and renewed risk sentiment
The US dollar edged lower in European trading on Thursday, reversing a part of Wednesday’s 0.65% advance, which tested the upper boundary of the near-term range and approached strong barrier provided by the base of falling thick daily…
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Bulls are taking a breather after strong rally
Bitcoin rallies for the third consecutive day as higher than expected US inflation and stronger dollar did not impact fresh and strong bullish sentiment, while strong rebound in US retail sales added to fading recession fears and…
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Gold accelerates lower after US inflation data warned of more rate hikes
Gold accelerated lower on Wednesday (down around 1% in late Asia / early Europe) as traders moved back into dollar after US inflation was higher than expected in January.
Although inflation continues to ease, yesterday’s data showed that…
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