Bulls may accelerate on clear break of 130 pivot, Fed eyed for fresh signal
Bulls are taking a breather after a massive 13% advance in past two months cracked psychological 130 barrier but failed to register a monthly close above here.
Consolidation should be ideally contained by sideways-turned daily Tenkan-sen…
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GBPUSD – post-Fed bearish continuation is likely scenario, but traders remain cautious
Cable is trading in a very quiet mode in early Wednesday, ahead of key event of the day – FOMC rate decision.
The pair is holding at the lower side of the near-term consolidation range, which extends into fifth consecutive day.
Overall…
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Euro trades in extended directionless mode ahead of Fed
The Euro extends consolidation above five-year low into fourth straight day, with sideways trading reflecting quiet mode ahead of Fed’s policy decision, due on Wednesday.
Bears are taking a breather after nearly 5% drop in April, with the…
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Aussie bounces after a hawkish RBA hike, but recovery was so far limited
The AUDUSD jumped to two-day high (0.7147) after being in red for the seven consecutive days, lifted by the Reserve Bank of Australia rate hike on Tuesday.
The RBA surprised markets by raising interest rate by 25 basis points to 0.35%, as…
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The Reserve Bank of Australia raises interest rates more than expected, signals further hikes
The Reserve Bank of Australia surprised markets by raising its main interest rate by 25 basis points to 0.35%, against wide expectations for 15 basis points hike, although many economists expected the RBA to stay on hold in May, due to…
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The activity in US manufacturing sector falls further in April
The activity in in US manufacturing sector slowed in April, pressured by increasing prices for inputs and unfinished products on persisting supply issues.
The manufacturing Purchasing Managers’ Index fell to 55.4 in April from 57.1…
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Oil price drops as concerns about China’s demand offset supply fears
WTI oil price fell near $100 support on Monday, extending weakness after Friday’s rally stalled, ending trading in bearish candle with long upper shadow and closing below the upper boundary line of the triangle, formed on daily chart.…
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Gold falls further on robust dollar and expectations for aggressive Fed on May 3/4 policy meeting
Spot gold accelerated lower, losing 1.9% in Asian and European trading on Monday, after directionless movements last Friday and Thursday.
Fresh weakness hit 2 ½ month low on break of supports at $1876/73 (100DMA / 50% retracement of…
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Bears pause above key Fibo support, awaiting BoE policy decision for fresh signals
Larger bears are pausing above new multi-month low, after sterling fell 4.3% in April, suffering the biggest monthly loss since June 2016.
Sterling bounced after failing to register weekly and monthly close below cracked pivotal Fibo…
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EU manufacturing activity slowed further in April
Eurozone manufacturing Purchasing Managers’ Index came at 55.5 in April, hitting the lowest in fifteen months, on a drop from 56.9 in March, although slightly above consensus at 55.3.
The figure still holds above 50 threshold that…
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