Eurozone investor morale falls further on new pandemic measures
The Eurozone Sentix index which tracks investor confidence, fell to 13.5 in December from 18.3 previous month and well below 15.9 consensus, hitting the lowest since April.
Weak numbers signal EU bloc’s that investor morale weakened…
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Fresh strength needs close above daily cloud to lessen downside risk
The pair regains traction and probes above daily cloud after being congested in past three days.
Rising and thickening daily cloud underpins the action which needs close above cloud top (113.29) to strengthen near-term structure generate…
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Near-term action is still directionless but larger picture remains bearish
The EURUSD is standing at the back foot in early Monday’s trading and probing again through 10 DMA (1.1281) which marks significant support as the pair has registered six consecutive daily closes above it.
This has generated a positive…
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US job growth slows significantly in November
The US Non-farm payrolls increased by 210,000 jobs in November, falling well below expectations for 550,000 increase and against upwardly revised October’s figure from 531,000 to 546,000, while the expectations ranged between 300,000 and…
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Aussie cracks key supports on Omicron concerns
Bears from 0.7555 (Oct 28/29 double-top) faced headwinds from key Fibo support at 0.7053 (38.2% of Mar 2020/Feb 2021 0.5509/0.8007 rally) with third consecutive probe through initial support at 0.7106 (Aug 20 former low) looking for…
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Recovery likely to be limited but formation of weekly hammer warns
Cable gained traction in early Thursday and edges above 1.33 mark, after spike to new 2021 low (1.3194) was short-lived.
Larger bears faced strong headwinds at 1.3275/50 zone Fibo 61.8% of 1.2675/1.4249 upleg / weekly cloud base), with…
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Conflicting techs keep the euro in directionless mode, US jobs data in focus
Near-term action remains in a sideways mode on conflicting technical signals and ahead of US jobs data, which could provide more evidence about Euro’s direction.
Recovery attempts from new 2021 low that left a bear-trap under 1.1290 Fibo…
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Dollar remains at the back foot on Omicron fears, but hawkish Fed partially offsets pressure
The pair remains in red for the fifth straight day and attempting to close below key Fibo support at 113.07 (38.2% retracement of 109.11/115.51upleg) after three consecutive failures.
The sentiment remains negative, mainly on strong…
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US private payrolls rose above expectations in November
US private payrolls increased by 534,000 jobs in November, compared to October’s figure at 570,000, slightly downward revised from initially reported 571,000 and beat forecast for increase by 525,000.
The ADP National Employment Report…
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Oil prices come under fresh pressure on growing fears of Omicron impact
WTI oil price dipped again on Tuesday, following a short-lived recovery of last Friday’s 12.5% drop, coming under fresh pressure on doubts on the efficacy of Covid-19 vaccines against new Omicron variant of the virus.
Fresh weakness…
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