EURGBP – overbought conditions warn of correction of steep three-day rally
EURGBP – strong three day rally (the cross was up 2.1%) started to lose traction after hitting fresh high of nearly three months on Monday (0.8596).
Overbought daily studies warn of partial profit taking following steep ascend, which…
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BTCUSD collapses on Monday on fresh US recession fears / worsening geopolitics
BTCUSD accelerated sharply lower in Asian session on Monday (down 10.7%) and broke below psychological 50K level for the first time since mid-February, to hit new multi-month low.
Growing fears that US recession could on the horizon,…
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USDJPY falls to 8-month low, eyes key 140 support zone
USDJPY fell sharply overnight, hitting the lowest since early January, extending steep bear-leg off 155.21 lower top into fifth consecutive day.
The pair was down 3.3% in Asian session on Monday, remaining under increased pressure after…
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EURUSD surges on much weaker than expected US NFP numbers
EURUSD bounced sharply on Friday, with fresh strength being boosted by downbeat US labor data.
The pair was up 1.2% for the day (the biggest one-day rally since March 2016) and about to fully retrace the bear-leg of past two weeks…
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US jobs grew well below expectations in July – NFP
The recent US job growth data for July presents a concerning picture of the labor market, with nonfarm payrolls increasing by only 114,000 jobs, significantly below economists' expectations of 176,000. This follows a downwardly revised…
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USDJPY falls further on weaker than expected NFP numbers
USDJPY fell sharply (down 1% in immediate reaction to US jobs data) after US NFP dipped well below expectations in July (114K vs 176K f/c), while June’s figure was revised down to 179K from initial 206K.
Unemployment unexpectedly rose to…
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GBPJPY hits new multi-week low
GBPJPY continues to trend lower and fell to the lowest levels since mi-March during European session on Friday.
The cross remains in a steep downtrend from 208.11 (July 11 peak, the highest since Aug 2008), fueled by renewed strength of…
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GBPUSD remains in red but bears face headwinds from daily cloud top, US labor data eyed for fresh…
Cable remains in red in early Friday, following Thursday’s 0.9% drop (the biggest daily loss since Apr 10) as fresh risk aversion deflated sterling.
Bears extended to one-month low but find a footstep at 1.2706 (top of thick ascending…
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Gold – bulls may pause before final push towards new record high, US jobs data in focus
Gold price edged higher on Thursday and hit two-week high ($2462), but with warning that the latest upleg from $2353 may stall, as daily action was so far shaped in long-legged Doji.
Overbought conditions on daily chart suggest that…
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GBPUSD – limited negative impact from BOE rate cut
Cable traded in a choppy mode with limited downside after BOE rate cut and regained traction on much higher than expected US jobless claims.
The pair returned above 1.2800 mark after hitting the lowest in almost one month (1.2750), with…
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