Bullish near-term bias above 10DMA
Cable regained traction on improved risk sentiment and probes above 1.20 after recent pullback from a multi-month high (1.2153) found footstep at 1.1957 (rising 10DMA).
Larger uptrend remains intact but pausing after a failure on approach…
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Aussie rallies on improved sentiment as top of thick daily cloud provides strong support
The Australian dollar bounces strongly in Asian / early European trading on Tuesday (up 1.3%), lifted by improved risk sentiment on speculations that China could ease Covid restrictions after recent protests.
Fresh bullish acceleration…
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Bears pressure key support zone
The dollar’s sentiment weakened on Monday, pushing the index lower and signaling possible bearish continuation after a double-Doji (Thu/Fri).
Fresh bears cracked pivotal 200DMA (105.25) the upper boundary of key support zone at…
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Signals of bearish continuation expose Fibo target at 135.47
Fresh bearish acceleration on Monday (down 1.1% since opening), broke clearly through pivotal Fibo support at 138.62 (61.8% of 130.39/151.94) which recently contained several attacks and cracked Nov 15 spike low at 137.67, hitting the…
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Sustained break above 200DMA signals further advance
The Euro regained traction and jumped on Monday, generating signal that larger bulls are resuming after last Thu/Fri consolidation.
Fresh weakness of the US dollar lifts the single currency and bulls look for attack at key near-term…
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WTI falls to 11-month low as sentiment sours further
WTI oil price fell 3% and hit the lowest levels since late December 2021, in early Monday’s trading.
The sentiment remains weak and was further soured by Sunday’s protest in Shanghai over China’s strict Covid measures, boosting concerns…
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Dow remains firm as traders focus on Black Friday
The Dow Jones is trading just under new multi-month high and moving within a narrow range for the second straight day, in a holiday-thinned market.
Traders were mainly on hold for Thanksgiving, but closely watch major retailers on Black…
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Dovish Fed and safe-haven buying underpin gold price
Gold price edges lower in European trading on Friday, after the action repeatedly failed at 10DMA ($1756), with daily techs remaining bullishly aligned after a pullback from Nov 15 peak ($1786) found firm ground just above pivotal Fibo…
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Slight optimism prevails after better than expected German Q3 GDP data
The German Gross Domestic Product data, released today, showed the economy grew by 1.2% on the year in the third quarter, compared to 1.7% expansion in the previous three-month period and slightly above consensus for 1.1% growth.…
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Dollar comes under increased pressure after dovish Fed minutes
The dollar index came under increased pressure on Thursday after overall soft US data and dovish Fed minutes further soured the sentiment that resulted in gap-lower opening and fresh extension to seven-day low.
The dollar remains firmly in…
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