WTI holds in green for the third day but recovery is still fragile
WTI oil extends recovery to one-week high on Thursday, holding in green for the third straight day and testing pivotal Fibo barrier at $17.88 (38.2% of $36.27/$6.52) reinforced by daily Kijun-sen.
Fresh optimism was sparked by lower than…
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Sterling rises to seven-week high vs Euro
The cross dipped to new seven-week low at 0.8675 on Thursday as sterling remains resilient and the Euro weighed down by weak EU/German data and ECB staying on hold and ready to act if needed.
Fresh weakness is attempting to eventually…
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Breaking: ECB President Christine Lagarde is talking at the press conference – key points
the Euro are is facing a recession of unprecedented magnitude and speed
economic activity is largely halted
sharp contraction in growth expected
recovery speed is uncertain
ECB remains determined to support households and…
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Euro holds positive tone but faces strong headwinds at key Fibo barrier
The Euro remains at the front foot on Thursday and attacking again pivotal Fibo barrier at 1.0887 (38.2% of 1.1147/1.0727 descend) which repeatedly capped the action in past two weeks.
Wednesday’s long bullish candle after two consecutive…
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Oil price rises on fresh optimism but there is still a long way towards more significant recovery
WTI oil advanced around 9% during Wednesday’s Asian / European trading and extended bounce from Tuesday’s $10.05 spike low above $14 per barrel.
API crude stocks data released on Tuesday, showed smaller than expected build in crude…
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