WTI dips below $40 as record US unemployment dents risk sentiment and inflates dollar
WTI oil fell over 1 ½ dollar in US trading on Thursday as traders moved from riskier assets into dollar after weekly jobless claims, although coming out lower than expected, still showing a record number of Americans remaining unemployed…
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Bullish bias above $1800 but bulls may hold in extended consolidation before resuming
Spot gold continues to shine and accelerates higher in early US session on Thursday after the consolidation under new multi-year high ($1818) found footstep above $1800 level which now acts as strong support.
Wednesday’s break and close…
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Extended rally focuses key barriers
Cable extends advance into fourth consecutive day and hits new three-week high on Thursday, up 1.4% since Monday.
Strong risk sentiment and optimism over EU/UK trade talks continues to boost sterling, with Wednesday’s close above 1.2598…
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Consolidation to precede final push towards 1.1422 target
The Euro pulls back in early European trading on Thursday after probe above Fibo barrier at 1.1362 (76.4% of 1.1422/1.1168).
The single currency is inflated by risk sentiment and generated positive signal on Wednesday’s eventual close…
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The dollar was sold across the board on rising stocks and signals that the US economy will not be…
The index price accelerated lower in early US trading on Wednesday, to almost fully erase Tuesday’s gains and signaling that recovery was short-lived.
The price is falling for more than one week, since the double-top was left at 0.9768/78.…
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Upside rejection and subsequent extension lower bring in play risk of recovery stall
Cable dipped back to 1.2500 zone after hitting three-week high (1.2592) on Tuesday, where the rally, inspired by optimism on EU/UK trade talks, stalled ticks ahead of pivotal Fibo barrier at 1.2598 (61.8% of 1.2813/1.2251 descend), leaving…
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Bulls crack important barrier that may open way for significant advance
Spot gold cracked psychological $1800 barrier on Wednesday, after taking out Sep 2012 high at $1795, hitting the level for the first time since Nov 2011.
The yellow metal is in steep uptrend since Aug 2018, with stronger fluctuation seen…
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The downside is expected to remain at risk while daily cloud caps the action
The pair struggles to keep positive tone following the third consecutive upside rejection on Wednesday, as the today’s action capped by rising base of daily cloud.
Daily candles with long upper shadows (Mon/Tue) weigh on near-term action…
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