Dollar firms after another failure to clear key Fibo support
The pair jumps back above 107 handle on Thursday as dollar was inflated by unexpected drop in China’s retail sales.
Larger bears continue to face strong headwinds at key Fibo support at 106.87 (61.8% of 106.07/108.16) as several dips…
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Aussie eases after failing to clear 0.70 barrier on the first attempt
The Australian dollar eases on Thursday as risk sentiment fades but maintains bullish bias after Wednesday’s action hit five-week high and registered marginal close above psychological 0.70 barrier.
Labor data from Australia showed mixed…
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Cable extended weakness after another upside rejection; UK labor data add to fresh pressure
Cable holds in red on Thursday and dips to two-day low after strong upside rejection on Wednesday generated negative signal.
UK Jobs and earnings data added pressure on pound as data released today did not include the most recent movements…
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Bulls are taking a breather under new 4-month high ahead of ECB
The Euro is trading within narrow range on Thursday, following pullback from new four-month high (1.1452) posted previous day.
Bulls showed a lack of traction to sustain break higher and the price dipped back and closed below previous high…
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Bulls approach key barrier as strong risk sentiment ignores negative news
The Australian dollar probes above psychological 0.70 barrier for the first time since early June and hits one-month high at 0.7037 vs its US counterpart.
Growing hopes on Covid-19 vaccine boost strongly risk sentiment, offsetting negative…
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Oil dips after OPEC signaled easing in production curb; EIA crude stocks report in focus
WTI oil price fell nearly $1 but remains above $40 level after OPEC+ announced that the group of top oil producers will ease record supply cut from August, as global economy recovers.
The group is set to reduce output cut from 9.7 million…
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