Dollar holds in extended sideways mode but remains biased lower
The dollar is holding in a choppy range within daily cloud (spanned between 90.83 and 91.48) for the third consecutive day.
Larger bears from 93.45 (2021 high) are taking a breather above strong supports provided by 100DMA (91.00) and…
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Key Fibo support limits two-day pullback
Cable extends pullback into second day following failure at psychological 1.40 barrier on Tuesday.
Sterling came under additional pressure after data showed that UK inflation rose below forecast, with return into daily cloud also…
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Bull-trap and formation of reversal pattern warn of deeper pullback
The Euro stands at the back foot and pressuring 1.20 support after bulls stalled on approach to daily cloud top (1.2092) Wednesday.
Doji candle with long upper shadow that was formed on Wednesday, signaled strong upside rejection, while…
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UK inflation picks up in March as prices start to rise on accelerating economic recovery
British inflation rose to 0.7% in March from 0.4% in February, missing slightly forecasts for 0.8% rise, driven by fuel and clothing prices, with expectations to continue climbing as economy reopens after lockdown.
The consumer prices in…
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Cable retreats after bulls failed to clearly break 1.40 barrier
Cable pulls back from new 6-week high, posted after brief probe through psychological 1.40 barrier, where bulls faced strong headwinds.
Profit-taking after Monday’s 1.1% advance (the biggest one-day rally since Oct 21) and overbought daily…
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Crude oil rises to one-month high
WTI oil price accelerated higher after three-day consolidation and hit one-month high in early Tuesday’s trading.
Weaker dollar and expectations for further fall in the US crude inventories, contributed to fresh advance, along with reports…
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Reserve Bank of Australia sees faster than expected economic recovery – minutes
The minutes of the Reserve Bank of Australia policy meeting on April 6, released today, showed that the central bank would maintain accommodative policy for as long as is necessary to push inflation towards its 2-3% target range and pull…
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Weaker dollar lifts Aussie to one-month high
The Australian dollar spiked to one-month high vs its US counterpart on Monday as commodity currencies rose on broadly sold greenback.
Bulls penetrated daily cloud but failed to break above as cloud, although thin (0.7762/85) marks solid…
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The dollar falls further, key supports in focus
The dollar came under increased pressure from fresh weakness of US Treasury yields on Monday and fell to the lowest since early March.
Fresh bearish acceleration broke pivotal support at 108.40 (23 Mar trough) and cracked 108…
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Euro rises above 1.20 mark for the first time in six weeks
The Euro surged through psychological 1.20 barrier and hit the highest since Mar 4 on Monday, lifted by fresh weakness of the dollar.
Today’s bullish acceleration signals continuation of the uptrend from 1.1704 (Mar 31 low) which paused…
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