Deflated Aussie attacks key support
The Australian dollar extends steep pullback from 10-month high (0.7661, Apr 5) and pressuring key support at 0.7471 (Fibo 38.2% of 0.7165/0.7661 upleg), where a number of attacks in past two weeks failed.
The Aussie is weighed by lower…
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Bears may pause before final push towards 1.0806 and remain in play below 1.10
The Euro remains firmly in red and extends the bear-leg from 1.1184 (Mar 31 high), hitting one-month low at 1.0864 in European trading on Thursday.
Wednesday’s close below pivotal Fibo support at 1.0895 (Fibo 76.4% 1.0806/1.1184) added to…
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Stock markets and FOMC meeting minutes
The increasing probability of intensifying US and EU sanctions against Russia has increased risk aversion in the financial and stock markets. As a result, US stock indices are moving in a bearish trend. Fundamentally, the probability of a…
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The oil market awaits the EU decision and the announcement of the weekly US crude oil inventories
In the crude oil market and the Brent oil index, there are speculations in the European Union to increase fuel sanctions against Russia, which have affected crude oil prices. If the sanctions have been confirmed, they could boost crude oil…
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Releasing the FOMC Meeting Minutes and the various possibilities facing the market
EURUSD, the price has reached a potential reversal zone from the mid-term uptrend channel and significant support of 1.1 and is on the verge of a valid crossing of this range. If this valid break-out has happened, the first possibility will…
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Possible increase in Russian sanctions by the United States and European Union and its impact on…
After the United States announced that it would increase sanctions on Russia, the European Union is now looking to impose new sanctions on fuel imports from Russia; risk aversion may increase in financial markets.
Technically, stock…
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European Union and US reached LNG deal as Europe looks to cut imports of Russian gas
The European Union and United States reached a deal to supply Europe with more liquefied natural gas (LNG) as the European Union wants to curb their dependence on Russian gas at a first stage and to gradually cut supplies from Russia.…
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Bulls are losing traction on approach to key resistance
The Australian dollar remains well supported, with strong gains against Japanese yen, underpinning the AUDUSD pair.
Aussie advanced around 5% vs the US dollar and 10% vs yen in past almost two weeks, as Japanese currency remains under…
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Cable remains directionless between pivotal Fibo levels
Cable holds in a choppy and directionless mode for the second straight day and remained resilient despite downbeat UK retail sales data for February.
Weaker dollar in European trading on Friday helped sterling ahead of pivotal support at…
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Soaring inflation hurts UK retail sales more than expected in February
UK retail sales fell below expectations in February, as soaring inflation lifted food and energy prices, hurting household budgets that resulted in reduced consumer confidence.
Retail sales fell by 0.3% in February following a 1.9% rise…
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