Bulls are consolidating after failure on initial attack at key barriers
The Australian dollar pulls back from new monthly high at 0.6561 hit in Asian trading on Monday, as bulls face headwinds and unable to clearly key barriers provided by falling 100DMA (currently at 0.6534) and 30 Apr high at 0.6569.…
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WTI oil is on course for the second weekly bullish close despite recovery stall
WTI oil traded in a bumpy mode within nearly $2 range on Friday, as fresh upside attempts after larger recovery stalled and past two days ended in red, were short-lived.
Oil price is trying to regain traction after terrible US jobs data,…
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Better than feared us labor data inflate dollar
Dollar rose across the board after US jobs data showed better than markets feared results in April.
Non-farm payrolls and unemployment came below horrific forecasts (which showed expectations for the worst situation in jobs sector since…
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Cable stands at the front foot ahead of US jobs data
Cable is standing at the front foot in European trading on Friday after Thursday’s action ended in Doji candle and signaling that four-day fall might be running out of steam.
The lower 20-d Bollinger band contained fall and fresh upside…
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Bears expected to keep control as long as price holds below converged 10/20DMA’s
The Euro returned to weakness after late Thursday/ early Friday recovery stalled on approach to pivotal barrier at 1.0863 (converged 10/20DMA’s).
Strong demand for dollar as traders look for safety on deepening crisis, keeps the single…
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Turkish lira falls to new all-time low vs dollar
Turkish lira fell to new all-time low against dollar on Thursday, following strong sell-off as traders got disappointed by comments from Fed policy maker, which were interpreted as ruling out a Fed swap line to cushion the negative impact…
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Bears are set to extend as studies and fundamentals maintain negative sentiment
The Euro remains in red on Thursday and probes below Wednesday’s low (1.0781), posted after thee-day 1.6% fall.
Bears gained pace after bull-trap was formed last week, with decision of German top court and strong dollar, keeping the pair…
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Aussie rises on solid local / Chinese data
The Australian dollar rose on Thursday, inflated by rise in China’s exports and record rise in Australia’s trade surplus in March.
Fresh strength reached levels just ticks ahead of Tuesday’s high (0.6476), looking to break higher and…
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