Signals that Australia is about to relax some restrictions boost risk sentiment
AUDUSD
The Australian dollar was among top gainers in early Monday’s trading, as parts of Australia are expected to relax some restrictions, boosting risk sentiment.
The pair advanced slightly over 1% in Asia / early Europe and probed…
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Recovery extension is bullish signal which requires confirmation on close above cracked converged…
Cable regained traction after double-Doji (Thu/Fri) signaled indecision and jumped to nearly one-week high at 1.2454 in early European trading on Monday.
Fresh rally broke above converging 20/10DMA’s (1.2404/28), providing more evidence of…
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Lira’s bears consolidate under psychological 7.00 barrier before likely continuation
Bears are taking a breather after cracking psychological 7.00 barrier, with action of authorities intervening to slow down currency’s fall, seen as likely scenario.
Unlike from many emerging market currencies, which have registered…
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Neutral near-term tone eyes weekly close for possible fresh signals
The cross is holding within narrow range around magnetic converged 10/55/200DMA’s and Fibo 61.8% of 0.8281/0.9498 (0.8738/46) on Friday.
Near-term action shows indecision after two-day fall resulted in marginal close below above mentioned…
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Breaking: US Durable Goods Orders fell 14.4% in March, overshooting forecast for 11.9% drop
US durable goods orders fell 14.4% in March, beating -11.9% forecast and hitting the lowest since Sep 2009.
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Recovery shows signs of stall at $18 zone, keeping the downside vulnerable
WTI oil fell about $2 on Friday after two-day recovery stalled at $18 zone (Fibo 38.2% of $36.27/$6.52 / daily Kijun-sen).
Oil price rose on fresh optimism on already agreed OPEC+ 9.7 million bpd production cut and signs that main oil…
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Euro dips through key supports as German business climate hit the record low
The Euro holds in red for the fifth straight day and extends weakness on Friday after German data showed that business morale in EU’s largest economy crashed in April and hit its lowest in history.
Rising US dollar on strong safe-haven…
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Fresh weakness after weak UK retail sales data probes below daily cloud
Cable edged lower on Friday as dollar remain firm on safe-haven demand and much weaker than expected UK retail sales in March added to negative tone.
Bears emerged after Thursday’s Doji with long upper shadow which signaled indecision and…
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Breaking: dollar rises to nearly one week high against Japanese yen
The dollar jumped to nearly one week high vs yen on report that BoJ is considering increasing amount of commercial paper and corporate bond purchases
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