Bulls regain traction and signal reversal
The cross rebounds strongly on Thursday after larger bears were rejected on probe through key supports at 0.8865 (3 Sep / 9 June lows).
Fresh advance is about to complete reversal pattern on daily chart after Wednesday’s action ended in…
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Cable extends pullback on political and EU/UK talks news
Cable dips further on Thursday, following Wednesday’s upside rejection and bull-trap above Fibo 76.4% barrier at 1.3291.
Daily close in red was initial negative signal, with fresh extension lower in early Thursday’s trading, driven by…
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European Central Bank will extend bond-buying and cheap loans to keep the EU economy afloat
The European Central Bank ‘s President Christine Lagarde said in her speech on ECB’s annual symposium that the central bank will focus on more bond-buying and cheap loans for banks, in addition to its new stimulus package next month, to…
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UK economy rebounds slower than expected in Q3
Britain’s economy grew by a record 15.5% in the third quarter, compared to the previous three months’ 19.8% contraction, while a monthly figure showed 1.1% growth in September, compared to 2.1% in August.
The data, which came before the…
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Lira extends recovery on hopes of CBRT rate hike
The Turkish lira remains at the front foot against US dollar, following recent gains on risk appetite, sparked by fresh Covid-19 vaccine hopes and replacement of CBRT governor and Financial Minister.
The USDTRY pair eased nearly 5% on…
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Bulls remain underpinned by massive Monday’s candle and look for eventual lift above daily…
The pair extends consolidation into second consecutive day, following Monday’s surge (up 2%) on Covid-19 vaccine news.
Today’s action so far is holding positive tone, with long tails of today’s / Tue daily candles, signaling that the…
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Near-term bears remain in play but require confirmation on close below key Fibo support
The Euro remains in red on Wednesday and probes again through cracked Fibo support at 1.1798 (38.2% of 1.1602/1.1919 ascend) after Tuesday’s action ended in long-legged Doji, signaling strong indecision.
Monday’s bearish engulfing weighs…
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Covid vaccine hopes and strong drop in crude inventories lift oil price further
WTI oil price climbed to the highest in more than two months on Wednesday, extending steep ascend into third straight day.
Oil price rose above $42 per barrel for the first time since early September, as hopes of effective Covid-19 vaccine…
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The RBNZ keeps record low rates and unveils new lending program
The New Zealand’s central bank kept its benchmark interest rate unchanged in its today’s policy meeting and introduced new funding program that would reduce costs for lenders.
The RBNZ held its official cash rate at record lows and…
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