Final break of key 1.30 resistance zone signals bullish continuation
Cable rallied in early Wednesday’s trading and eventually broke above strong 1.30 zone barrier, to touch next target at 1.3045 (Fibo 76.4% of 1.3381/1.1958, reinforced by falling 100WMA), hitting the highest level in nearly seven months.…
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Oil price falls on fresh concerns over trade deal delay
WTI oil fell $1 on Tuesday after President Trump threatened to keep trade deal with China until late 2020.
In addition, US threats of tariffs against France, Brazil and Argentina, further soured the sentiment and increased concerns about…
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Gold accelerates higher on fresh risk aversion
Spot gold advanced 0.7% in Asia / Europe on Tuesday and holding at session high at $1475 (the highest since 20 Nov) in early US session.
The yellow metal rallies on weaker dollar after downbeat US manufacturing data and fresh uncertainty…
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Dollar gets hurt further by President Trump’s comments on China deal
The pair falls further on Tuesday, in extension of Monday’s 0.50% loss after the dollar was hurt by weak US manufacturing data.
The latest news about US/China trade conflict further pressured the greenback.
US President Trump said today…
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Break of trendline resistance opens key 1.30 resistance zone
Fresh advance in European trading on Tuesday eventually broke above trendline resistance (1.2966), opening way for renewed attack at key 1.30 resistance zone.
Better than expected UK construction PMI data (Nov 45.3 vs 44.5 f/c) contributed…
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Bulls consolidate under pivotal barriers; daily cloud underpins the action
The Euro maintains firm tone and holding above thick daily cloud on Tuesday, following 0.51% rally on Monday (the biggest one-day advance since 17 Sep) after downbeat US manufacturing data deflated dollar.
Bulls approach pivotal barrier…
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Aussie extends advance after RBA kept rates at record low
The Aussie dollar rallied further in Asian session on Tuesday after the Reserve Bank of Australia kept interest rates unchanged at record low 0.75%
Fresh advance extends previous day’s 0.75% rally, sparked by upbeat China’s data, with…
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Conflicting data and studies keep near-term action neutral
The pair is holding in directionless mode on Monday (within the range of last Friday) as dollar was inflated by fresh risk appetite, but lira was also boosted by strong Turkey’s GDP data which showed that the economy returned to growth in…
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Oil rises after Friday’s heavy losses but recovery remains below key barriers for now
WTI oil price is up 1.5% on Monday, recovering after last Friday’s 5% drop (the biggest one-day fall since 17 Sep).
Oil was hit by fears that trade talks would be disrupted and conflict would escalate, following US support to Hong Kong…
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Fresh risk mode elevates dollar for eventual attack at psychological 110 barrier
The pair ticked higher on Monday and hit new high at 109.72 (the highest since 30 May), ignoring negative signals that developed on daily chart (last Thursday’s hanging man candle and Friday’s Doji with long upper shadow.
Stronger than…
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