Bears extend through key Fibo support
The pair stays in red for the fourth consecutive day as rising demand for safe havens on strong uncertainty keeps yen inflated.
Today’s action broke below important Fibo support at 107.69 (38.2% of 101.18/111.71) which was cracked on…
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Break above key Fibo barrier shifts focus towards 200DMA
Cable extends gains above key Fibo barrier at 1.2516 (where Monday’s trading ended after registering eventual close above former high at 1.2485), hitting new highest levels since 13 Mar (1.2576 is so far European session high).
Fresh…
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Bulls extend to new one-month high after solid China’s data boosted risk appetite
The Australian dollar was a top winner of the Asian session on Tuesday, as bulls extend into seventh straight day and hit new one month high at 0.6432.
The Aussie was lifted by fresh risk appetite, sparked by better than expected China’s…
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Gold price rises to new multi-year high on fresh risk aversion
Spot gold jumped to new over eight-year high on Monday, following break of psychological $1700 level and former high at $1703 (posted on 9 March).
The yellow metal was up 1.36% for the day so far, extending Friday’s 2.37%…
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Fresh weakness breaks below 200DMA which held bears for more than one week
The cross eventually broke below key support at 0.8746 (200DMA / Fibo 61.8% of 0.8281/0.9498 rally) which kept the action in past seven days, containing multiple attacks.
Fresh risk aversion pushed the Euro lower in the US…
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Oil price remains in red as fears of strong fall in demand outweigh output cut decision
WTI OIL
WTI oil price holds in red for the second day and fell to new over one-week low at $21.98 on Monday as overall sentiment remains weak.
OPEC+ group reached a deal to reduce output by 9.7 million bpd (approx. 10% of daily…
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Probes through key barriers risk another failure as fundamentals worsen
Cable regained traction and probed above 1.25 marks, cracking important Fibo barrier at 1.2516 (61.8% of 1.3199/1.1409) in lower-volume Easter Monday trading.
Bulls returned to play after pausing on Friday, with attempts through initial…
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Fresh weakness results in eventual break below 200DMA
The pair extended weakness to 1 ½ week low in early trading on Monday, as risk-off mode dominated in Asia as markets got disappointed by OPEC decision, expecting stronger action from the cartel
Fresh weakness broke below 200DMA (108.33)…
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Bulls are supported by fresh risk mode and eye key barriers
The Euro is maintaining positive tone and holding near new one-week high (1.0951) posted on Thursday and retested today in early European session.
The pair is moving within some 30-pips range in a quiet Good Friday trading.
Improved…
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Oil prices in choppy mode as markets digest the Saudi/Russia production cut agreement
WTI oil price jumped to $28.32 (session high and the highest in almost one week) after news that Russia and Saudi Arabia have overcome differences and basically reached a deal of production cut.
The talks of two sides faced big…
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