Euro rises on weaker dollar after Fed, psychological 1.20 barrier in focus
Bulls regained control and lifted the Euro in early Friday’s trading, signaling eventual break out of five-day congestion.
Weaker dollar in post-Fed trading and month-end flows boost the single currency for repeated probe through falling…
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Fed’s new strategy inflate dollar but unlikely to spark stronger rally
The dollar fell across the board in immediate reaction to Fed Chairman Powell’s comments, but regained traction and returned above the levels it traded before the speech.
In its highly focused speech in Jackson Hole symposium, Powel…
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Gold remains within extended range, awaiting fresh signals from Powell
Spot gold is trading in a choppy range for one week, awaiting fresh direction signals, with today’s speech of Fed Chairman Powell, being a key event.
The price action in past few days manages to stay above key support at $1920 (Fibo 38.2%…
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Break of 100DMA could spark stronger bearish acceleration
Bears extend into third straight day and emerge below thick daily cloud on Thursday, currently pressuring 100DMA (0.8941), above which the price action stayed for six months
The cross registered strong gains after breaking above 100DMA…
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Recovery extension brings new 2020 high in focus again
Cable extends recovery on Wednesday’s early US session trading after dollar accelerated lower and erased all gains from better than expected US durable goods data.
The pair advanced 0.67% on Tuesday and confirmed reversal signal on…
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