Recovery needs close above pivotal Fibo barrier to signal reversal
The Euro stands at the front foot on Wednesday and probes again above pivotal Fibo barrier at 1.0838 (23.6% of 1.1494/1.0635 fall) following Tuesday’s failure to clearly break above, despite spike to 1.0887.
The sentiment has improved on…
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Cable extends advance on fresh risk appetite; Tuesday’s bullish engulfing underpins
Cable extends advance into second day, driven by fresh risk appetite on US stimulus package.
Bulls broke above Fibo barrier at 18323 (23.6% of 1.3199/1.1409), adding to positive signal on Tuesday’s bullish engulfing.
Fresh upside…
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Dow continues to head north after Tuesday’s massive 11.5% advance, driven by fresh optimism on…
The Dow Jones extends gains on Wednesday, following previous day’s massive 11.5% rally, riding on fresh optimism on Fed $2 trillion aid package that is to be approved by US congress.
Restored confidence after Fed’s latest measure,…
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Post-Fed recovery attempts so far lack momentum to accelerate stronger
WTI oil eased $1 in European trading on Tuesday after attempt to extend recovery stalled at $25.64.
Oil was boosted by Fed’s latest steps to bolster the economy, hit by corona virus pandemic, but $2 trillion-worth aid package is still…
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Euro rises on fresh optimism, but more evidence required to signal reversal
The Euro benefited from Fed action and advanced 1.2% since opening in Asia, as renewed optimism boosted risk appetite.
Fresh bulls broke out of two-day congestion, formed above new three-year low and generated initial positive signal on…
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Aussie rose on fresh risk appetite sparked by latest Fed measures
The Australian dollar regained traction and rose to session high at 0.5975 on Tuesday, driven by fresh optimism in the market on Fed’s latest measures that boosted risk appetite.
Comments from US Treasury secretary that $2 trillion dollar…
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Euro jumps after Fed but traders look for confirmation from US congress to stronger embark longs
The Euro rose above 1.08 on Monday after Fed announced a new set of measures, but hesitation among investors is evident as the legislation need to be verified by the Congress.
Such scenario, according to immediate reaction on…
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Dollar loses traction after latest Fed’s measures
The dollar index fell on Monday after Fed announced the new extraordinary set of programs in attempt to offset severe disruption to the economy on corona virus pandemic.
The US central bank decided to extend the use of ‘heavy artillery’ as…
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Breaking: Dollar Index falls sharply after Fed announced new measures
The Federal Reserve announced 'aggressive action to confront severe disruptions' a wide range of measures for companies, small businesses and households, sending dollar lower across the board
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Strong recovery rejections and fresh strength of dollar keep the pair in red
The Euro eased in early European trading on Monday as dollar regains traction and leaves a little space for Euro’s recovery after steep fall in past two weeks.
Strong recovery rejection on Friday at 1.0830 and inability to hold above…
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