Bears are taking a breather ahead of attack at 2020 low
Bears are taking a breather above new 4 ½ month low at 94.71, posted today.
Consolidation is likely to precede final push towards 2020 low (94.59), as dollar remains under strong pressure.
Negative impact from increase in US jobless…
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Recovery shows signs of fatigue on approach to key barriers at $43.05/42
WTI oil dipped below $42 in mid-European trading on Thursday after attempt to retest Tuesday’s $42.48 high (the highest in nearly five months) run out of steam.
Oil maintains firm bullish tone, driven by falling dollar and hopes that…
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Gold extends steep ascend and pressures $1900 barrier
Spot gold extends steep ascend into sixth straight day and posted new highest since Sep 2011 ($1888) on Thursday.
Global concerns about post-pandemic recovery that prompted investors into safety, were boosted by rising political tensions…
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Risk of consolidation / correction before final push through June high rises
Cable is holding within narrow range below new 6-week high at 1.2767 in early Thursday’s trading, after repeated close above 200DMA (Tue/Wed) generated bullish signal.
On the other side, Wednesday’s long-tailed Doji signaled that the…
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Bulls face headwinds at key barrier and may pause before resuming
The Euro edges lower in early European trading on Thursday, as rising US/Chine tensions hurt risk sentiment.
The single currency also faces headwinds from strong barriers at 1.1595/1.1600 (50% retracement of larger 1.2555/1.0635 descend…
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Bulls could extend towards key Fibo barrier at 1.1822 on clear break of 1.1600 zone
The Euro cracked important barriers at 1.1595/1.1600 (50% of 1.2555/1.0635 / round-figure) on Wednesday, as bulls accelerated and extend into fourth straight day.
Rally is currently taking a breather and consolidating on overbought hourly…
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