Pullback from new 2020 high extends but would likely stall ahead of key supports at 1.17 zone if the…
The Euro stays in red in European session on Wednesday, weighed down by weakness of sterling and firm dollar.
Bears extend into seventh consecutive day and hit fresh three-week low at 1.1756, with weak daily studies supporting scenario of…
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Bears extended to new six-week low on Brexit turmoil but face headwinds from strong supports at…
Cable extends steep fall into sixth straight day on Wednesday, following 1.4% fall previous day (the biggest one-day drop since 21 Apr), pressured by Brexit turmoil, as fears about trade talks stall and no-deal Brexit scenario rise.
I…
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WTI oil slumps over 6% on mounting demand fears
WTI oil slumped on Tuesday (so far down 6.1% for the day), extending steep fall into fifth straight day.
Markets remain highly concerned about demand as global economic recovery shows signs of slowing down, with rising number of Covid-19…
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Nasdaq dips 2.5% as sales in tech sector resume after extended holiday weekend
The Nasdaq resumes steep fall on Tuesday (so far down over 2.5% for the day), holding firmly in red for the fourth straight day.
Bears took a breather after Friday’s strong downside rejection (mainly due to end-of week profit-taking) and…
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The pair probes again through key Fibo barrier, following multiple failures in past few sessions
The pair edged higher on Tuesday, as dollar was inflated by fresh weakness of sterling and Euro on growing fears that the Britain would exit the EU without a trade deal.
Fresh advance comes after triple Doji candles, with two of them…
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Bears extend into fifth day as fears of no-deal Brexit scenario rise
Cable holds in red for the fifth straight day and hit two-week low on Tuesday, extending Monday’s 0.65% fall, sparked by news of increased risk of no-deal Brexit scenario.
Monday’s close below 20DMA (1.3187) generated bearish signal which…
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Bears need repeated close below 1.1816 Fibo support to sideline existing risk of stall
The Euro stands at the back foot in early Tuesday’s trading, following fresh acceleration lower on Monday (after two long-tailed Dojis last Thu/Fri) that generated initial negative signal on marginal close below 1.1816 (Fibo 61.8% of…
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The dollar attempts to resume recovery, ignoring last week’s double-Doji with long upper…
The dollar kept positive tone on Monday, following last week’s 0.7% advance.
Today’s action is holding so far firmly in green and signaling bullish continuation, offsetting two consecutive daily Doji candles with long upper shadows that…
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