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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Oil extends steep fall into fourth straight day and hits two-month low
WTI oil holds firmly in red for the fourth straight day and fell to new two-month low $38.52) on Monday, following massive fall (4.36% on Friday).
Oil price fell over 8% in three days (Wed/Thu/Fri) with today’s extension lower marking so…
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Weekend news on rising chances of no-deal Brexit increase pressure on pound
Cable returned to red during early Monday’s trading, as hopes of reversal, indicated by Friday’s long-tailed Doji faded, warning of extension of pullback from new 2020 high (1.3482) posted on 1 Sep.
Bears pressure cracked Fibo support at…
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Double failure at key Fibo supports weakens bears’ grip
Early Monday’s action is holding within tight range, but biased lower following weak German industrial production data (July 1.2% vs 4.7% f/c and 9.3% in June) that warns of slowdown in the sector’s recovery.
Last Tuesday’s bearish candle…
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Unexpected sharp drop in US unemployment and solid NFP data lift dollar
The dollar rose against its major counterparts on Friday after US NFP data.
Report showed 1.37M new jobs added in August (vs 1.4M f/c and downward revised 1.73M in July) which points to a slowdown in labor sector recovery process, but…
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Turkish lira falls to new record low
Bulls are consolidating under new marginally higher new record high (7.4542), following Thursday’s nearly 0.8% advance after data showed that inflation remains high (m/m 0.86% from 0.58% prior; y/y 11.77% from 11.76 prior).…
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