Bulls regain traction but need further signals for extension
The Euro extends recovery on Monday following Friday’s positive close after the action was contained by daily Tenkan-sen for the fourth straight day.
Fresh advance partially offsets negative impact from last week’s bull-trap and turns…
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Initial signs of recovery stall are developing on daily chart
Thursday’s risk aversion-inspired bounce from one-month low (96.16), extended on Friday but gains were capped by falling 10DMA /50% retracement of 97.78/96.16 bear-leg.
Subsequent easing is generating initial signal of recovery stall, but…
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Reversal pattern is forming on daily chart and threatening of deeper pullback
Cable stands at the back foot on Friday but pullback from new three-week high (1.2669) was so far contained by Fibo 23.6% retracement of 1.2251/1.2669 upleg / 5DMA (1.2570).
Risk sensitive pound was strongly pressured by fall in stock…
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Fresh bears are pausing above strong supports and awaiting signal
The Euro extended weakness on Friday, following strong upside rejection and subsequent fall, driven by risk aversion on Thursday.
Fresh bears face headwinds at 1.1268/57 zone (converged 10/20/30DMA) and pausing here in early European…
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WTI dips below $40 as record US unemployment dents risk sentiment and inflates dollar
WTI oil fell over 1 ½ dollar in US trading on Thursday as traders moved from riskier assets into dollar after weekly jobless claims, although coming out lower than expected, still showing a record number of Americans remaining unemployed…
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Bullish bias above $1800 but bulls may hold in extended consolidation before resuming
Spot gold continues to shine and accelerates higher in early US session on Thursday after the consolidation under new multi-year high ($1818) found footstep above $1800 level which now acts as strong support.
Wednesday’s break and close…
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Extended rally focuses key barriers
Cable extends advance into fourth consecutive day and hits new three-week high on Thursday, up 1.4% since Monday.
Strong risk sentiment and optimism over EU/UK trade talks continues to boost sterling, with Wednesday’s close above 1.2598…
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Consolidation to precede final push towards 1.1422 target
The Euro pulls back in early European trading on Thursday after probe above Fibo barrier at 1.1362 (76.4% of 1.1422/1.1168).
The single currency is inflated by risk sentiment and generated positive signal on Wednesday’s eventual close…
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The dollar was sold across the board on rising stocks and signals that the US economy will not be…
The index price accelerated lower in early US trading on Wednesday, to almost fully erase Tuesday’s gains and signaling that recovery was short-lived.
The price is falling for more than one week, since the double-top was left at 0.9768/78.…
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