Bulls focus 2020 high; US jobless claims and Eurogroup meeting could trigger stronger volatility
The Euro is consolidating under new three-month high (1.1422), after Fed’s projections for the long way recovery of the US economy and signal that rates will remain at ultra-low levels for some time, raised traders’ concerns and…
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Another surprise build in crude inventories weigh on oil price after failure at $40 barrier
Unexpected rise in oil inventories by 8.4 million bls (API report on Tuesday) and 5.7 million bls (EIA report released today) weigh on oil prices on Wednesday.
Crude was boosted by decision of OPEC+ group to extend existing 9.7 million bpd…
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The dollar remains under heavy pressure ahead of Fed
The pair extends steep fall into third consecutive day (so far down 2.1% since Monday’s opening) as traders sell dollar ahead of Fed policy decision.
Today’s weakness broke strong supports at 107.52/46 (30DMA / Fibo 61.8% of…
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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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