Gold rises to the highest level in nine years, all-time high at $1920 in focus
Spot gold accelerated higher and hit new nine-year high ($1841) on Tuesday, following daily gain of 1.2%.
The yellow metal shines on weak dollar and expectations of more stimulus measures in order to further boost recovery of global…
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Dollar extends weakness on rising risk appetite
The dollar index remains weak and fell to the lowest since early March on Tuesday, as its main components: Euro, British Pound, Aussie were boosted by strong risk appetite.
Today’s break below 95.68 (10 June low) signals completion of…
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Bulls focus 2020 high but may take a breather before final break
The Euro maintains bullish tone and posted new marginally higher high at 1.1469 today, as eventual agreement between EU leaders about recovery fund boosted risk appetite.
Bulls eye 2020 high at 1.1495, posted on 9 Mar, with break here…
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Aussie approaches 2020 high as risk rally extends
The Australian dollar accelerated higher in early European trading on Tuesday, initially boosted by RBA’s minutes which showed the central bank is going to keep rates unchanged in current environment and that negative rates are…
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Upside rejection and subsequent fall warn that recovery is losing traction
Today’s strong upside rejection at 107.52 (100DMA and just under pivotal Fibo barrier at 107.58) and subsequent strong fall, weakened near-term structure.
Unsuccessful probe above 55DMA which capped four attempts in past few days,…
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EURGBP falls to one-week low
EURGBP
The cross fell sharply on Monday (down 0.8% for the session) as sterling rallied across the board, being the top winner of European session.
Monday’s action repeated strong upside rejection from Friday, forming the second daily…
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Oil price eases on new virus cases but so far holding above $40 pivot
WTI oil near $40 support in early Monday (down 1.3% for the session) as rising number of coronavirus globally sours the sentiment.
Cautious optimism over ongoing talks about EU recovery fund, aiming to revive pandemic-affected bloc’s…
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Aussie continues to face headwinds at 0.70 zone; RBA minutes on Tuesday in focus
The Australian dollar holds positive tone but faces difficulties to clearly 0.70 barrier and stays within narrowing range around 0.70 for the fourth day.
Global rise in new coronavirus cases that fuels uncertainty and fades optimism for…
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Cable edges higher after daily cloud contained dips but remains within 4-day congestion
Cable jumped on Monday, dragged by stronger Euro and weaker dollar, following last week’s double failure to penetrate daily cloud.
With the downside being so far protected by cloud top (1.2538) and Fibo 38.2% of 1.2251/1.2669 / rising…
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Bulls focus 2020 high, boosted by optimism in EU talks
The Euro jumped to new 4 ½ month high at 1.1466 on Monday, maintaining positive tone from last week (up 1.09% for the week).
The sentiment was boosted by hints of progress in talks between EU leaders which extend into third day, in…
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