Bulls are on track for the longest positive run in 15 months
WTI oil rose further Thursday and hit new highest level since 11 March, on track for the sixth straight day of gains and for the fourth week in green that marks the longest positive run in 15 months.
Draw in US crude stocks (EIA report…
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Dollar may bounce if bears fail to break key supports
The dollar index stands at the back foot on Thursday, holding in red for the fourth straight day but stays for now above key supports at 98.99/86 (Wednesday’s low / 100DMA).
US weekly jobless claims came better than previous week and…
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Bulls cracked important Fibo barrier and hit new highest since late March
The cross rose to the highest level in nearly two months on Thursday, as pound is weighed by negative interest rate talks and conflict in UK/EU trade talks.
Fresh extension higher (following Wednesday’s 0.6% advance which eventually broke…
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Risk of stall under 200DMA persists
The Euro is trading within narrow range in European session on Thursday, holding below psychological 1.10 barrier (also Wednesday’s high).
Negative impact from weaker than expected German Manufacturing PMI (May 36.8 vs 39.2 f/c) was…
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Extended rally penetrated daily cloud and eyes 200DMA
The Euro hit new highest in nearly three weeks on Wednesday as proposal by France and Germany for a common fund increased demand for the single currency, with weaker dollar underpinning the advance.
The pair penetrated thick daily cloud…
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