Fresh advance brings 2020 high in focus
Rally off 1.30 zone, where a higher base is forming, accelerates on Tuesday (the pair is up 0.5% since today’s opening) and pressures 6 Aug high at 1.3185.
Rising fears over US elections add pressure to the greenback and inflate pound,…
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Bears extend into third straight day and pressure key supports
The pair holds in red for the third day and extends weakness towards key supports at 105.30/28 (6 Aug trough / Fibo 61.8% of 104.18/107.04 upleg).
Fresh weakness accelerated after bulls repeatedly failed to clear 107.00 barrier and were…
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Gold returns above $2000
Spot gold surged above $2000 level in early Tuesday’s trading, extending strong recovery from $1862 (12 Aug spike low).
The yellow metal was boosted by fresh weakness of the US dollar and Monday’s news that Warren Buffet’s Berkshire…
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Aussie rises further but bulls need to clear key obstacles to resume
The Australian dollar extends gains into third straight day and pressures 7 Aug high at 0.7243 (the highest since early Feb 2019) boosted by weaker dollar and barely affected by China’s anti-dumping probe into imports of Australian wine.…
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Lira continues to fall; 7.50 level is coming in focus
The pair continues to rise and hit new all-time high at 7.3951 on Monday.
Bulls extend into fourth straight week, registering 10.3% advance in the first half of August.
Lira came under increased pressure after correction from…
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Bulls need firm break above 1.31 to gain traction
Cable keeps slight bullish bias for probes into the upper side of two-week 1.2982/1.3185 range, but daily chart action remains in sideways mode.
Bulls have established above 1.30 level which now marks solid support as the floor of current…
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Euro maintains positive tone and looks for attack at range top
The Euro remains at the front foot on Monday and attempts to extend last week’s 0.45% advance, which resulted in eventual weekly close above 1.1822 (Fibo 61.8% of 1.2555/1.0635) after double failure in past two weeks.
Last week’s action…
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