Holiday-thinned market and mixed signals keep the euro in extended narrow range trading
The Euro remains constructive in early Thursday’s trading after previous day’s action ended in Doji candle with long upper shadow, which signals indecision and that the rally of past three days might be running out of steam.
Lower volumes…
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US job openings modestly rise in December
The job openings in the United States increased modestly in December, signaling that raging coronavirus pandemic caused companies cutting back on hiring, but offering cautious optimism that job growth could regain speed, as vaccination…
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Bulls are taking a breather under two-week high
The Australian dollar eases from two-week high (0.7753) in European trading on Wednesday, taking a breather after three-day rally (up 1.83%).
Fresh bulls are expected to position for fresh push higher as recent advance already retraced…
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Bears are consolidating above psychological 7.00 support
The USDTRY holds in sideways mode above psychological 7.00 support for the third day, following 3.5% drop last week.
Larger bears face headwinds as corporate buyers are seen at 7.00 zone, also reinforced by the top of rising thick daily…
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Dollar slides to two-week low on improved risk sentiment
The US dollar extends weakness against the basket of its major counterparts into fourth consecutive day, dragged down by improving risk sentiment on growing optimism over monetary and fiscal support, robust corporate earnings and expected…
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Cable climbs to nearly three-year high, generating initial bullish continuation signals
Cable rose to the highest in almost three years on Tuesday, as massive bitcoin buying by Tesla company boosted risk appetite and lifted risk-sensitive pound, while safe-haven dollar was further deflated.
Fresh advance broke above former…
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Oil price climbs to 13-month high, lifted by demand recovery optimism and production cuts
WTI oil rose above $58 per barrel on Tuesday, hitting the highest in 13 months and establishing in the zone where it traded before the pandemic.
Oil price rises for the seventh straight day, with last week’s rally being the biggest since…
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Acceleration above the neckline generates initial reversal signal
Near-term focus shifts higher as the euro extends recovery in early trading on Tuesday, adding to initial reversal signals (double-bottom on daily cloud base / daily bullish engulfing).
Fresh advance moves above the neckline of daily…
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Pullback extends on fresh risk appetite / bull-trap
The pair accelerates lower in early Tuesday’s trading, holding in red for the third straight day and warning of deeper fall, as rising risk appetite on bitcoin surge weighs on dollar.
Fresh bears emerged after recovery rally from 102.59…
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Bulls eye recent peaks, boosted by renewed risk sentiment
Cable remains constructive on Monday and focusing new 2021 high 1.3757, following last week’s strong downside rejection (1.3565) which formed a bear-trap pattern, signaling strong bids and keeping larger uptrend (recently paused) in play.…
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