Bears remain firmly in play despite upbeat German data
The Euro fell further on Monday, extending weakness below the temporary base that was formed at 1.0757 during past two weeks.
Fresh weakness emerged after last week’s limited recovery was strongly rejected and daily candle with long upper…
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Risk aversion pushes Aussie to two-month low
Steep fall off 0.7661 (Apr 5 spike high) extends into fourth consecutive week, following last week’s acceleration that resulted in weekly loss of 2%.
Fresh weakness in early Monday hit the lowest in nine weeks and tested solid support at…
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Dollar rises to new multi-month high as hawkish Fed diverges from its major peers
US DOLLAR INDEX
The dollar index regained traction after brief pullback was strongly rejected at 100 zone and hit new 25-month high on Friday.
The greenback was lifted by a hawkish message from Fed Chair Powell about possible 50 basis…
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Oil price eases on growth concerns and China lockdowns but still lacking clear direction
WTI oil edges lower on Friday, pressured by prospects of weaker global growth and higher interest rates, as the International Monetary Fund cut its global economic growth forecast and Fed Chair Powell signaled that half percentage point…
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British pound slumps as weak UK economic data send strong warning
British retail sales fell sharply and well below expectations in March while consumer confidence dropped near all-time lows, reflecting cost of leaving squeeze and sending a warning signals for the UK economy.
The UK retail sales fell by…
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Extended weakness pressures key supports
The Australian dollar extends strong fall into second day (the pair was down 1.02% on Thursday and fell nearly 1% in early Friday), hitting new five-week low and pressuring key supports.
The Aussie came under fresh pressure on risk…
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EU inflation slightly below expectations in March but still at a record high
Eurozone inflation rose to a record high, although March figure was slightly below expectations, mainly driven by surge in cost of energy that lifted prices in other sectors, contributing to increased price pressures.
Monthly inflation…
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Recovery looks for more positive signals on break of pivotal barrier
Recovery from new two-year low extends into third straight day and pressuring pivotal Fibo barrier at 1.0920 (38.2% of 1.1184/1.0757 bear-leg, reinforced by 20DMA).
Wednesday’s close above 10DMA (1.0845) generated initial bullish signal…
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Bulls are pausing on overbought conditions
The dollar index eases from new two-year high in early Wednesday, with the action seen as technical correction on overbought studies, as the greenback remains well supported by safe-haven buying on rising uncertainty over Ukraine crisis and…
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Bears continue to struggle at 1.30 support but remain in play
Cable remains biased lower, but bears continue to struggle at psychological 1.30 support and unable to clearly break lower for over one month.
Technical studies on daily and weekly charts show strong negative momentum, with bearish signals…
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