Daily cloud top holds bears for now but post-BoE jump lacks strength to resume
Cable jumped above 1.24 barrier as BoE stayed unchanged on interest rates and QE as four-day drop faced headwinds from daily cloud top, which was tested overnight.
Bounce was so far capped by strong barriers provided by converged 10/20/55…
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Risk of deeper pullback if EIA report surprises negatively
WTI oil dips over $3 on Wednesday as sentiment soured after ADP report on Tuesday showed higher than estimated rise in crude stocks.
Traders now focus on EIA report (7.75 million barrels rise is forecasted vs previous week’s…
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Steep fall probes below 1.08 handle
Steep fall extends into third day and probing below 1.08 support in European trading on Wednesday. Fresh bears hit the lowest in almost two weeks after bearish signal was generated on Tuesday’s close below important Fibo support at 1.0838…
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Firm break below daily cloud base exposes key Fibo support at 105.20
The pair hit new seven-week low at 106.20 in Asian session on Wednesday, signaling continuation of the downtrend from 111.71 (24 Mar high).
Tuesday’s close below daily cloud base, after last week’s probes lower were short-lived but…
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Bears extend to the lowest levels since Nov 2016
The cross fell further on Wednesday and hit new 3 ½ low just under 115 mark, holding in red for the fifth straight day.
The Euro was hit by Tuesday’s German top court decision, with rising safe-haven demand on concerns about…
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WTI oil extends recovery on growing optimism on narrowing disbalance between supply and demand
WTI oil price rose to two-week high above $24 on Tuesday, extending recovery into sixth consecutive day.
Renewed optimism in the markets on reopening after lockdown in several countries and US states, inflates oil prices as…
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