Cable rises to new 3-mth high, firm bullish stance above 200DMA
Cable hit new highest since 12 March (1.2786) in European trading on Wednesday after cracking important Fibo barrier at 1.2777 (76.4% of 1.3199/1.1409 fall).
Fresh advance comes Tuesday’s long-tailed Doji and second consecutive daily close…
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Bulls pressure post-NFP high and signaling that narrow consolidation might be over
The Euro regained traction (following Tuesday’s bullish daily candle with long tail, which signaled that shallow consolidation is likely over) and extends recovery on Wednesday, to pressure last Friday’s post NFP high at 1.1383.
Weak…
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The dollar index remains firmly in red; Fed verdict to provide fresh direction signals
The dollar fell further against its major world counterparts in early Wednesday’s trading as markets await Fed’s verdict later today.
The index extends steep downtrend for the third consecutive week and hit new three-months low just ticks…
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Bearish outside day sparks extension of pullback from new high at 109.85
The pair remains firmly in red on Tuesday (following Monday’s 1.05% drop) and extends pullback through 108.40/24 support zone, consisting of 200DMA / Fibo 38.2% of 105.98/109.85 / 10DMA / 100DMA.
Monday’s long red daily candle formed…
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Aussie drops from new 11-month high on China’s warning to their students in Australia
The Australian dollar dips further in Europe on Tuesday after hitting new 11-month high (0.7042) in Asia.
The sentiment soured after China warned students going overseas about racist incidents targeting Asians in Australia during pandemic.…
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Completion of reversal pattern on daily chart fuels further weakness
The cross accelerates further down on Tuesday after Monday’s 1% drop (the biggest one-day fall since 1 Aug 2019) completed Doji reversal pattern on daily chart.
Increased demand for safe-haven yen ahead of Fed and overbought Euro vs…
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Fresh bearish extension signals deeper pullback and unmasks key support at 1.1187
The Euro returns to red on Tuesday and extends pullback from new three-month high (1.1383) after Monday’s Doji showed indecision.
Reversal of daily stochastic and RSI from overbought territory and fading bullish momentum, point to…
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WTI price dips after Saudi and Gulf allies announced halt of voluntary additional production cuts
WTI oil dipped on Monday (down around 3% since Asian opening) on Monday after unsuccessful first attempt through psychological $40 barrier.
Oil prices were inflated by the decision of OPEC+ group over the weekend to extend its existing…
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