Bears consolidate above key supports ahead of US data
The pair bounces from 107 support zone which was cracked on Tue/Wed but without clear break so far.
Bears face headwinds from supports at 107.00 (psychological) 106.91 (1 Apr low) and 106.70 (daily cloud top) with profit-taking after…
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Breaking: WTI oil price hits new multi-year low on renewed probe below critical $20 support zone
WTI oil price slumped below $20 level on prediction by International Energy Agency's estimations that global oil demand could drop by a record 9.3 million barrels per day in 2020.
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Close above 55DMA and bullish engulfing to generate positive signal
The Euro advanced on Tuesday, driven by fresh risk mode and offset negative signal from Monday’s close in red.
Bullish engulfing is forming on daily chart and supporting the action which is on track to generate bullish signal on close…
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Gold advanced 6% in three days, proving its strong safe-haven appeal
Spot gold advanced to new highest level since November 2012 on Tuesday, gaining 1.7% since opening that adds to 4.2% rally in past two days.
Strong concerns over expected slowdown of global economic growth on pandemic lockdown and stimulus…
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Breaking: JP Morgan earnings fall 69% in the first quarter
JP Morgan Q1 profits plunged as the bank was forced to boost reserves against possible bad loans arising from coronavirus pandemic.
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Oil hits new low as demand fears offset positive impact from supply cuts
WTI oil price pared brief overnight’s gains and fell to new two-week low at $21.66 in European trading on Tuesday, extending weakness into third straight day.
Sentiment remains weak as traders strongly fear significant drop in…
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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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