The Euro stands at the front foot ahead of key EU summit decision
EURUSD
The Euro regained traction and probes again above former high at 1.1422 on Friday, following strong upside rejections and failures to close above 1.1422 barrier.
The action in past two days left daily candles with long upper…
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The dollar remains firmly in red after US data and looks for repeated attack at key support
The dollar index accelerated lower on Thursday after data showed stronger than expected rise in retail sales in June, Philly Fed Manufacturing index beat expectations and continuing jobless claims falling further and holding below 20…
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Dollar firms after another failure to clear key Fibo support
The pair jumps back above 107 handle on Thursday as dollar was inflated by unexpected drop in China’s retail sales.
Larger bears continue to face strong headwinds at key Fibo support at 106.87 (61.8% of 106.07/108.16) as several dips…
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Aussie eases after failing to clear 0.70 barrier on the first attempt
The Australian dollar eases on Thursday as risk sentiment fades but maintains bullish bias after Wednesday’s action hit five-week high and registered marginal close above psychological 0.70 barrier.
Labor data from Australia showed mixed…
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Cable extended weakness after another upside rejection; UK labor data add to fresh pressure
Cable holds in red on Thursday and dips to two-day low after strong upside rejection on Wednesday generated negative signal.
UK Jobs and earnings data added pressure on pound as data released today did not include the most recent movements…
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Bulls are taking a breather under new 4-month high ahead of ECB
The Euro is trading within narrow range on Thursday, following pullback from new four-month high (1.1452) posted previous day.
Bulls showed a lack of traction to sustain break higher and the price dipped back and closed below previous high…
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