Bullish bias intact above 1.21 support but risk of stall exists
The Euro regained traction after brief pullback on Monday and rose new marginally higher multi-week high on Tuesday, inflated by upbeat German data.
Monday’s close in red with minor negative reaction seen from bearish signal from red daily…
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German investor morale rises to the highest in over twenty years in May
German investor sentiment surged in May, pointing to significant improvement in the Europe’s largest economy, as the third wave of coronavirus pandemic eases.
The survey of investors’ economic sentiment from ZEW economic research…
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Bulls hold above 1.41, on course for 1.42+ extension
Cable is maintaining positive tone and consolidating under new 2 ½ month high (1.4158) following Monday’s 0.80% advance, sparked by talks about Scottish independence referendum story and weaker dollar after disappointing US jobs data.…
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Bears are consolidating above 90 support zone before resuming towards 2021 low
Bears dented psychological 90 support on Monday but faced headwinds here that resulted in bullish close after strong bearish acceleration on Thu/Fri.
Disappointing US jobs data further eroded hopes for potential Fed’s policy review earlier…
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Fresh demand concerns deflate oil prices
WTI oil fell over $1 in early US trading on Monday, offsetting positive signal from today’s gap-higher opening, caused by a cyberattack that forced the shutdown of major fuel pipelines in the United States.
Fresh demand concerns over…
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Sterling surged vs Euro on Scottish referendum news
The cross was sharply lower on Monday, losing 0.85% since Asian opening until early hours of American session.
Sterling accelerated further, after being initially lifted by weaker dollar on downbeat US jobs data, with the latest signals…
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Aussie rises to 10-week high as dollar sank after NFP miss
The Australian dollar extends advance in the fourth straight day on Monday and rose to the highest since Feb 26.
Extension of Friday’s post-NFP acceleration was boosted by weaker dollar over fading hopes that the US central bank would…
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Bulls are taking a breather after the biggest one-day rally in 2021 on Friday
The Euro eases from new 2 ½ month high (1.2176) as traders collect some profits from massive rally on Thu/Fri, with Friday’s 0.87% advance marking the biggest one-day rally in 2021.
Weekly close above important Fibo barrier at 1.2102…
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Cable was the top winner in early Monday’s trading
Cable extends Friday’s strong rally (up 0.73% for the day) and establishing above psychological 1.40 level which capped the action since late February.
Early Monday’s advance hit 10-week high and focusing pivotal barrier at 1.4103 (Fibo…
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Huge US payrolls miss deflates dollar
The dollar fell to ten-week low after huge US payrolls miss on Friday sparked fresh risk aversion as job growth well below forecasts boosted expectations that Fed would keep its ultra-low rates for a longer period.
The greenback was down…
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