Bears are taking a breather above key supports and expected to remain in play while holding below…
Fresh bears are pausing in early Friday’s trading after two-day fall faced headwinds on approach to key Fibo support at 1.1175, but consolidation is so far narrow.
Daily techs remain weak as the price stays below 10/20DMA’s which formed…
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WTI oil bounces on improved sentiment after falling over 8% in three days
WTI oil moved above $38 per barrel after extension of pullback from new 15-week high ($41.61) approached $ 37 level earlier today.
Oil dipped over 8% in three days on renewed fears about global demand and record build of US crude stocks,…
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The dollar rises further on risk aversion; US data eyed for fresh signals
The pair extends recovery to new over one-week high as dollar remains inflated by global recovery concerns, keeping risk aversion in control.
Slight recovery of European stock markets failed to improve sentiment, keeping the greenback at…
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Bears take a breather on higher EU stocks
Cable caught bid on higher European stocks on Thursday and put bears on hold after falling 0.8% previous day.
Near-term action is weighed by fresh risk aversion and negative daily studies with consolidation expected to precede push towards…
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Euro remains in red and eyes key supports ahead of important US data
The Euro extends weakness on Thursday, remaining under pressure on fading risk sentiment over fears of slowdown in recovery process that prompted traders into haven dollar.
Negative signal was generated on Wednesday, following 0.5% daily…
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Another build in US crude stocks pressures oil price further
WTI oil extends weakness into second straight day and cracked $39 support after release of US crude stocks data on Thursday.
The oil price falls further as bulls stalled after hitting new 3 ½ month high ($41.61) on Tuesday.
Rising…
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