Copper price fell to nearly two-week low on renewed concerns about weaker demand
Copper price fell further on Monday, extending pullback from last week’s recovery high ($2.3929) into third straight day.
Future contract for July’s delivery fell to the lowest in nearly two weeks ($2.2828) on Monday, but stays for now…
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WTI price remains in green despite trade war escalation threats
WTI oil price jumped towards $20 level in early US trading on Monday after opening lower at the beginning of the day and pulling back around $2 in Asia and Europe.
Last week’s strong recovery is taking a breather after bulls failed to…
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Aussie dips to one-week low as US/China tensions sour risk sentiment
The Australian dollar extends weakness into third day and hits one-week low at 0.6372 in early Monday’s trading, as risk sentiment soured on renewed tensions between the US and China.
Fresh bearish extension on Monday was so far contained…
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Euro eases on stronger dollar, profit-taking; bull-trap weighs
The Euro fell in early Monday’s trading as dollar was boosted by renewed concerns over US/China trade conflict which intensified on accusations from top US officials that coronavirus emerged from China’s lab.
Traders also took some profits…
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Close above important Fibo barrier at 117.62 to signal further recovery
EURJPY
The cross holds firm bullish tone on Friday and probes again through important Fibo barrier at 117.62 (38.2% of 121.14/115.44 fall) after Thursday’s 1.2% rally (the biggest one-day advance since 13 Mar), inspired by month-end…
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Recovery is boosted by the start of production cut but needs clear break of $20 for fresh bullish…
WTI OIL
WTI oil price regained $ 20 handle in early US trading on Friday, following over $2 pullback after hitting recovery high at $20.31 in Asia (the highest since 21 Apr).
The sentiment was boosted by today’s start of record…
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Bears regain control after short recovery was capped by daily cloud top
The pair returns to red on Friday after short-lived recovery on Thursday was capped by daily cloud top / weekly cloud base (107.56/60 respectively) and closed below cracked daily Tenkan-sen (107.20).
Fresh weakness attacks again cloud…
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Cable pulls back after bulls failed at 200DMA
GBPUSD
Cable holds in red and some hundred pips below Thursday’s two-week high (1.2642), hit after 1% daily rally, sparked by month-end dollar’s sales.
The rally was capped by key barriers at 1.2647 (14 Apr former high / 200DMA) and…
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