Extended consolidation on track to leave fourth consecutive Doji
The Australian dollar continues to move within narrow range against its US counterpart and on track to leave the fourth consecutive Doji candle that signals strong indecision.
Mixed daily techs add to neutral near-term tone, as extended…
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Downbeat economic data and weakening risk mode maintain pressure on sterling
Cable remains firmly in red for the third straight day and pressures pivotal support at 1.2250 (Fibo 76.4% of 1.2074/1.2813 / Monday’s low, the lowest in one month).
Fresh weakness probes again into thick daily cloud after Monday’s dip…
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Euro remains in red despite better than expected inflation data as risk sentiment fades
The Euro traded within 1.1200/50 range in Asia / early Europe on Tuesday and maintaining negative bias, with session low under pressure again.
Monday’s strong recovery rejection that left (bullish) daily candle with long upper shadow,…
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Dollar rises to three-week high after upbeat US housing data
The pair jumped to three-week high (107.80), up almost 0.6% since opening, as dollar regained traction and rose against its major counterparts.
Record rise in US pending home sales (44.3% in May vs 18.9% forecast) additionally boosted…
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