Geopolitical tensions boosted safe haven demand but all eyes are on Fed
Spot gold opened with gap-higher on Monday and returned above $1500 level, as rising tensions in the Middle East following latest attack on Saudi oil facilities prompted investors into safe-haven assets.
The yellow metal benefited from…
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Oil price spiked to 4-mth high following gap-higher opening on escalation of geopolitical tensions
WTI oil was the top performer of the Asian session on Monday as the contract opened with gap higher ($5) and spiked to new four-month high at $63.23.
Oil markets were hit by the attack on oil facilities in Saudi Arabia during the weekend …
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Fresh Brexit optimism sparked strong bearish acceleration
The cross fell strongly on Friday as renewed Brexit optimism boosted sterling.
Fresh probe below 0.8900 handle (also 50% of 0.8494/0.9324 ascend) pressures Thursday’s 0.8885 spike low (13-month low).
Firm break here would signal extension…
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Consolidation below 100DMA likely to precede fresh push higher
The pair is taking a breather after steep six-day rally faced headwinds important barriers at 108.10/16 (falling 100DMA / Fibo 76.4% of 109.31/104.44).
Thursday’s action failed to close above these barriers and today’s fresh attempts…
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Fresh rally on renewed Brexit optimism looks for bullish signal on break above daily cloud top
Strong bullish acceleration in late Asian / early European trading on Friday was sparked by fresh Brexit optimism, with sterling also being dragged by rising Euro.
Fresh bulls after three-day congestion eventually broke above Fibo barrier…
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Strong rebound cracks key Fibo barrier and looks for further extension on break
The Euro extends strong rebound after post-ECB failure at 2019 low (1.0926) and cracks 1.11 barrier in early European trading.
Near-term sentiment turned positive after initial dip after ECB’s decision was contained by 3 Sep yearly low and…
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Lira advances after stronger than expected CBRT rate cut but gains might not be long-lasting
The Turkish lira jumped 1.2% against US dollar after Turkey’s central bank surprised by cutting interest rates more than expected in its policy meeting today.
The CBRT reduced interest rate by 325 basis points to 16.5% against expectations…
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The Euro retested 2019 low after ECB rate cut / re-introduction of QE
The Euro spiraled lower and retested 2019 low at 1.0926 (posted on 3 Sep) after European central bank met all expectations of the markets regarding action taken to fight negative impact from weakening EU’s economy and low inflation, as well…
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Bears extend after Wed’s 3.3% fall completed reversal pattern
WTI oil price falls further Thursday and breaks below important Fibo support at $55.60 (38.2% of $50.53/$58.74).
Pullback from $58.74 high (10 Sep) extends after strong fall on Wednesday (oil was down 3.3% for the day) broke below a…
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Bulls resume on fresh risk-on mode
The pair resumes multi-day uptrend on Thursday, following Tue/Wed consolidation, shaped in double Doji and probes again above cracked 55DMA (0.6868) and 0.6879 barrier (50% of 0.7082/0.6677 / daily cloud top).
Risk-sensitive Aussie…
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