Bulls remain in play above broken trendline
The Euro regains traction and pressures 1.1300 barrier in early Wednesday’s trading after repeated upside rejection and Tuesday’s close in red.
Near-term action remains biased higher after Tuesday’s dip closed above key levels at 1.1269/65…
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EURGBP slumps ahead of continuation of EU/UK trade talks
The cross accelerated lower on Tuesday (down 0.7% since opening in Asia) and fell to the lowest since 18 June, as pound rose across the board ahead of the latest round of EU/UK talks about post-Brexit trade relations.
Fresh weakness broke…
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WTI continues to range around $40 level, awaiting stronger direction signal
WTI oil probes below $40 mark on Tuesday after hitting session high at $40.76, as sentiment sours on rising number of new Covid-19 cases that raises fears of slowing recovery in fuel demand.
The US crude trades within extended…
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Pound is holding in red after another failure at 1.2500
Cable is trading in red in Europe on Tuesday, following repeated failure to clearly break above 1.2500 mark, but so far holding within the previous day’s range and supported by broken Fibo 38.2% barrier at 1.2466.
Daily techs are mixed…
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Strong bounce from daily cloud base sidelines downside risk
The dollar regained traction and jumps on Tuesday after previous day’s fall was contained by strong supports at 107.30/23 (daily cloud base / 20DMA).
Fresh advance surges through a cluster of daily MA’s (10/55/30), approaching 50% of…
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Bulls need repeated close above trendline resistance to confirm break
The Euro stands at the back foot in early European session trading on Tuesday and dips below 1.1300 handle, following Monday’s rally and eventual close above trendline resistance and multi-day range top that generated initial bullish…
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Aussie edges lower after RBA as bulls lost traction at psychological 0.70 barrier
The Australian dollar edged lower after facing headwinds at psychological 0.70 barrier, with RBA’s decision to keep rates unchanged, contributing to fresh weakening.
Fundamentals remain mixed as hopes of economic recovery continue to boost…
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Dollar remains fragile on new virus cases; recovery hopes
The dollar came under renewed pressure on Monday after bears paused last Thu/Fri and fell to the lowest in nearly two weeks.
Today’s dip found footstep at important Fibo support at 96.48 (61.8% of 95.68/97.78), but near-term outlook…
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