Oil bounces after bears showed initial signs of stall, but demand fears persist. Crude inventories…
WTI oil bounces on Wednesday after steep fall in past five days (down 14.3%) found footstep at strong technical supports provided by daily cloud base ($36.80) and rising 100DMA ($36.43).
Oversold daily studies suggest that bears may…
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Bulls start to lose traction on approach to initial target, ECB meeting in focus
The cross is consolidating under new six-week high (0.9130) on Wednesday after advancing nearly 2% since Monday’s opening.
The Euro benefited from pound’s fresh weakness over Brexit concerns and awaiting more positive signals from the ECB…
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USDTRY hits new record high and pressures psychological 7.50 barrier
The USDTRY hit new all-time high at 7.4981 on Wednesday.
Fresh extension of the bull-leg from 28 Aug trough at 7.2860 cracked target at 7.4962 (Fibo 138.2% projection of 7.2683/6.6716) and pressuring strong psychological barrier at 7.50.…
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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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