Euro holds positive tone after Thursday’s 0.5% advance and looks for test of next key barriers
EURUSD
The Euro maintains positive tone and consolidating under new two-week high at 1.0972 in early Friday’s trading.
The pair rallied strongly in the US session on Thursday, boosted by dollar’s month-end sell-off, advancing nearly…
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WTI holds in green for the third day but recovery is still fragile
WTI oil extends recovery to one-week high on Thursday, holding in green for the third straight day and testing pivotal Fibo barrier at $17.88 (38.2% of $36.27/$6.52) reinforced by daily Kijun-sen.
Fresh optimism was sparked by lower than…
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Sterling rises to seven-week high vs Euro
The cross dipped to new seven-week low at 0.8675 on Thursday as sterling remains resilient and the Euro weighed down by weak EU/German data and ECB staying on hold and ready to act if needed.
Fresh weakness is attempting to eventually…
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Breaking: ECB President Christine Lagarde is talking at the press conference – key points
the Euro are is facing a recession of unprecedented magnitude and speed
economic activity is largely halted
sharp contraction in growth expected
recovery speed is uncertain
ECB remains determined to support households and…
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Euro holds positive tone but faces strong headwinds at key Fibo barrier
The Euro remains at the front foot on Thursday and attacking again pivotal Fibo barrier at 1.0887 (38.2% of 1.1147/1.0727 descend) which repeatedly capped the action in past two weeks.
Wednesday’s long bullish candle after two consecutive…
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