Better than expected German data inflate Euro but thick daily cloud weighs
The Euro rose to 1.09 handle on Monday, inflated by better than expected German Ifo data (May 79.5 vs 74.2 previous and 78.3 f/c).
German business morale improved in May as pandemic restriction eased, signaling the economy takes recovery…
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Cable maintains bearish bias and eyes key supports at 1.2074/28
Cable edges lower on Friday, maintaining bearish bias for the third consecutive day after brief recovery was capped by thin daily cloud and falling 10DMA that keeps bear-leg from 1.2642 high intact.
Pound is weighed by talks about negative…
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Euro remains within larger range after failure at 1.10 resistance zone
The Euro is holding in red for the second day and emerges below the base of thickening daily cloud base (1.0931) in early European trading on Friday.
Fresh weakness followed another upside rejection at 1.10 zone (recovery was capped by…
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Bulls are on track for the longest positive run in 15 months
WTI oil rose further Thursday and hit new highest level since 11 March, on track for the sixth straight day of gains and for the fourth week in green that marks the longest positive run in 15 months.
Draw in US crude stocks (EIA report…
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Dollar may bounce if bears fail to break key supports
The dollar index stands at the back foot on Thursday, holding in red for the fourth straight day but stays for now above key supports at 98.99/86 (Wednesday’s low / 100DMA).
US weekly jobless claims came better than previous week and…
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