Bulls need weekly close above cracked Fibo barrier at 1.1595 for confirmation
The Euro is consolidating under new multi-month high (1.1627) on track for the fifth straight bullish weekly close and the biggest weekly gains since the last week of May.
The pair maintains strong bullish tone on weaker dollar and…
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Pullback extends as yen rallies on increased safe-haven demand
Friday’s fresh acceleration lower generates initial reversal signal after Thursday’s action ended in red and left bearish inside day, warning that bulls lost traction on approach to key Fibo barrier at 136.69 (61.8% of 139.73/131.76).
Yen…
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China’s countermeasures deepen tensions and boost safe-haven demand
The pair accelerated lower in Asia on Friday and extend weakness in early European trading, registering drop of 0.6% and marking yen as top gainer of the session.
Fresh weakness generated negative signal on break of the floor of two-week…
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Bulls consolidate under key Fibo barrier
The cross is pausing under key Fibo barrier at 136.69 (61.8% of 139.73/131.76) after risk-inspired rally in past three days hit new five-week high.
Fading risk appetite over rising US-China tensions may put bulls on hold as traders look to…
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Bears are taking a breather ahead of attack at 2020 low
Bears are taking a breather above new 4 ½ month low at 94.71, posted today.
Consolidation is likely to precede final push towards 2020 low (94.59), as dollar remains under strong pressure.
Negative impact from increase in US jobless…
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Recovery shows signs of fatigue on approach to key barriers at $43.05/42
WTI oil dipped below $42 in mid-European trading on Thursday after attempt to retest Tuesday’s $42.48 high (the highest in nearly five months) run out of steam.
Oil maintains firm bullish tone, driven by falling dollar and hopes that…
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Gold extends steep ascend and pressures $1900 barrier
Spot gold extends steep ascend into sixth straight day and posted new highest since Sep 2011 ($1888) on Thursday.
Global concerns about post-pandemic recovery that prompted investors into safety, were boosted by rising political tensions…
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