Copper rises on US-China trade talks, progress in Covid-19 treatment
Copper remains in green for the third consecutive day and pressures psychological $3.00 barrier, which was cracked on last week’s spike to $3.0275 (new 26-month high), but rally failed to register weekly close above $3.00 level.
Improved…
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Extended consolidation under new all-time high likely to precede push towards 7.50 target
The pair is consolidating under new record high (7.4061) posted on Tuesday, as lira came under increased pressure on tensions between Turkey and Greece over dispute offshore borders.
Larger uptrend remains intact and eyes psychological…
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Near-term action holds within narrowing range but biased lower while below 10DMA
The Euro trades within triangular consolidation for the fourth straight day, but biased lower, as the upside remains capped by 10DMA (1.1839).
Rising bearish momentum on daily chart maintains negative signals which are reinforced by long…
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Gold remains at the back foot and tests again key $1920 support
Spot gold holds in red for the third consecutive day and probes again below pivotal support at $1920 (Fibo 38.2% of $1670/$2074) bull-leg / former all-time high of 2011).
This level acts as solid support as it contained several attacks in…
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Oil prices rise on reduced output by tropical storms / trade optimism but struggle again to clear…
WTI price accelerated over $1 in mid-European / early US session on Tuesday and hit new three-week high at $43.54.
Oil was inflated by rise of riskier assets on latest news that the US and China remain committed to their trade deal and…
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Risk appetite inflates the dollar but traders remain cautious ahead of Powell
The pair extends advance on Tuesday, driven by fresh risk appetite that boosts the greenback.
Fresh rally remains underpinned by last week’s big bullish engulfing and cracked important Fibo barriers at 106.30/35 (61.8% of 107.04/105.10…
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The Euro bounces on upbeat Ifo data / fresh risk sentiment, but firmer direction signal is still…
The Euro edged higher in Asia/early Europe on Tuesday, boosted by optimism over US-China trade talks, but gains so far look limited, as signals are conflicting.
Monday’s second consecutive close in red and below 20DMA, was…
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Formation of golden cross may underpin for renewed attack at key $43.05 barrier
Monday’s action was so far without clear direction, as WTI price initially rose, dragged by advance of riskier assets, but persisting concerns about global demand on the second wave of virus and slower than economic recovery, continue to…
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Near-term bias remains neutral while the action holds within Aug range
Limited rebound on Monday keeps cable at the lower side of two-hundred pips congestion which extends into fifth straight day.
Pullback from last week’s new multi-month high (1.3266) was so far contained by rising 20DMA (1.3084) that keeps…
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