Bears tighten grip but need close below 1.1300 zone for confirmation
The Euro extends a steep fall into second day, following Friday’s 0.7% drop that completed a Doji reversal pattern on a daily chart.
Bears emerged below the daily cloud base (1.1316) and cracked pivotal Fibo support at 1.1308 (50%…
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Oil price would easily rise above $100 if situations over Ukraine deteriorates
WTI oil price is holding near new highest since September 2014 in early European trading on Monday, following Friday’s 4.3% advance the biggest one-day rally since Aug 23).
Rising geopolitical tensions on possible military…
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Above expectations UK GDP lifts sterling but pivotal 1.3600 barrier caps the action
Cable edged higher on Friday, following better than expected UK GDP data which partially offset negative impact from further rise in US inflation that fueled expectations for possible more radical action from Fed.
Fresh advance continued…
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Different Fed-ECB policy outlook may weigh on Euro
The Euro stands at the back foot on Friday following a bumpy ride after US inflation data on Thursday, but the action ended in a long-legged Doji candle, signaling strong indecision.
Although the Friday’s action is in red, the downside…
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US inflation rose further in January
The US inflation rose further in January, fueling market expectations for a stronger action from the US Federal Reserve in their policy meeting next month.
The consumer price jumped 7.5% in January from 7.0% increase in December and beat…
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Euro regains traction on positive fundamentals but strong US inflation reading may weigh on bulls
The Euro edges higher in European trading on Thursday, signaling an end of a shallow pullback from new three-month high (1.1483).
Comments from German Ifo Institute that industrial order backlog is the highest in more than 40 years and…
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Dollar eyes US inflation data for fresh signal after post-NFP bulls quickly lost traction
The dollar index edges lower on Wednesday after rebound on better than expected US NFP showed signs of stall
Repeated failure to clear initial Fibo resistance at 95.66 (23.6% of 97.42/95.12 bear-leg) weakened near-term structure, as daily…
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Risk appetite lifts Aussie to two-week high
The Australian dollar extends advance into third straight day, lifted by fresh risk appetite that lifted stocks and reopening of Australia’s borders.
Bulls broke above last week’s high (0.7168) and pressure pivotal barriers at 0.7181/83…
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Bulls accelerate towards 1.3600 pivot
Cable regained traction and bounced near 1.36 barrier in European trading on Wednesday, with fresh advance after double long-legged Dojis signaling an end of pullback from last week’s high at 1.3627.
Formation of 10/100DMA’s bull-cross on…
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USDJPY bulls eye 2022 high
The USDJPY resumes rally on Tuesday and hit one-week high, as dollar remains supported by expectations for Fed’s multiple rate hike and persisting policy divergence between the US and Japanese central banks.
Bulls eye pivotal barrier at…
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