Euro advances on fresh risk mode, eyes US jobs data for further positive signals
The Euro rose overnight, driven by fresh risk appetite following strong ADP jobs data revision, better than expected US manufacturing PMI and renewed hopes for potential Covid-19 vaccine.
Fresh strength broke above 20DMA (1.1265)…
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Dollar accelerates lower as solid US data boost risk appetite
The dollar fell against its main counterparts on Wednesday, following ADP jobs data miss, but strong upward revision of previous month’s figure and upbeat Manufacturing PMI in June that additionally boosted risk sentiment.
Fresh weakness…
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Strong bearish acceleration after bulls got trapped is generating negative signal
The pair fell sharply on Wednesday after attempts to extend five-day rally were strongly rejected and bulls got trapped above daily Kijun-sen / 50% retracement of 109.85/106.07 fall (107.96).
Fresh weakness is also forming bearish…
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The cross is spiraling lower after larger bulls stalled
The cross is holding firmly in red for the second day and falls deep into thick daily cloud after Monday’s rally stalled ticks ahead of key Fibo barrier at 0.9182 (61.8% of 0.9498/0.8670 fall) and left 13-week high at 0.9175.
Subsequent…
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Tuesday’s bullish engulfing signals reversal but more work at the upside required for…
Cable stands at the front foot on Wednesday, following strong rebound after repeated failure to clearly penetrate daily cloud (top of thick cloud lays at 1.2288).
The pair advanced 0.83% on Tuesday and formed bullish outside day pattern…
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Neutral mode between 20 and 30DMA’s
The Euro moves within narrow range in early Wednesday, unaffected by better than expected German data (June number of unemployed fell to 69K from 238K in May and well below 120K f/c, while Manufacturing PMI rose to 52.3 from 40.6 previous…
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