Double-Doji signal indecision as recovery lacked momentum after emerging above daily cloud
The pair extends directionless mode into third straight day, remaining above daily cloud top (107.25) but double-Doji candles (Mon/Tue) signal strong indecision.
Near-term picture improved after last week’s steep fall was contained by…
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Euro in defensive after surprise retail sales beat inflates dollar
The Euro fell in early US trading on Tuesday after massive US retail sales surprise (May 17.7% vs Apr -14.7 and 8.0% f/c) inflated dollar.
Significantly better than expected data sideline expectations for Fed introducing negative…
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News from N.Korea, India soured sentiment
The Australian dollar pared overnight gains, driven by risk mode and RBA minutes signaling possibly shallower economic downturn than previously estimated, as sentiment was soured by news from North Korea and India.
Today’s action stalled…
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Weak jobs data deflate recovery extension, capped by 200DMA
Cable was lifted by risk mode in Asia and hit session high at 1.2687, where 200DMA capped the advance.
Bulls lost traction after UK labor data showed fall in payrolls and average earnings in May, keeping limited the bounce that emerged…
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Close above 10DMA to signal that two-day pullback is over
The Euro edged higher in early US session on Monday, after two-day fall was contained by key Fibo support at 1.1212 (38.2% of 1.0870/1.1422) on Friday and today’s action stays above correction low.
Larger uptrend remains intact and current…
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Recovery looks for further signals to resume and neutralize existing downside risk
The dollar regained traction vs yen and keeping the pair in green on Monday, following Friday’s bullish engulfing that generated an initial signal of reversal of last week’s steep fall, boosted by Fed.
Today’s action, although being so…
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