Cable extends above 1.3400 barrier and hit new 8 1/2 month high
Cable cracked 1.3400 barrier and hit new highest since mid-Dec 2019 in early Tuesday’s trading.
The pair maintains strong bullish tone that extends into third straight day after Fed’s new policy framework further deflated dollar.…
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The Euro knocks the door of 1.20 barrier
The Euro started the month in strong bullish mode and came ticks ahead of psychological 1.20 barrier in early Tuesday’s trading, hitting new highest level since May 2018.
Near-term action holds in green for the third consecutive day,…
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Dollar retests 28-month low, on track to end fourth straight month in red
The dollar hit session low (92.09) in early US trading on Monday, after brief recovery attempt stalled at 92.47.
New 28-month low (92.09, posted on 18 Aug) was retested but holds for now.
Friday’s 0.85% fall and today’s fresh extension…
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Friday’s massive bearish candle and falling thick daily cloud weigh heavily
The pair bounces from new two-week low, posted after Friday’s 1.1% fall (the biggest one-day loss since 8 June).
Markets digested news of Japan PM Abe’s resignation, with focus turning towards Japan’s unemployment, services PMI and US…
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Cable is consolidating under new multi-month high
Cable hit new 8 ½ month high (1.3368) in Asia on Monday, in extension of Friday’s 1.14 rally (the biggest one-day advance since 1 June).
Bulls are taking a breather in European session but maintain bullish bias following 2.07%…
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Bulls taking a breather after Friday’s rally; 1.20 barrier in focus
Early Monday’s action is holding within narrow consolidation, following last Friday’s 0.7% advance and weekly gains of nearly 1%, as dovish Fed’s stance pressures the dollar and maintain positive Euro’s sentiment.
Bullish engulfing pattern…
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Weekly close above key Fibo barrier is needed to signal bullish continuation
Oil price steadies on Friday as hurricane shut most of the US oil production in the Gulf of Mexico, but
gains were limited as storm passed through the area without causing substantial damage to refineries.
Near-term sentiment remains…
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Gold built a base at $1920 but recovery needs more signals for confirmation
Spot gold advanced 1.4% on Friday after dovish signals from Fed that ultra-low rates would stay for prolonged period, sent dollar lower.
The yellow metal’s price was congested for more than one week, awaiting signals from Jerome Powell.…
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