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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Bears probe again through key supports ahead of US GDP data / Fed
The pair hit new six-week low in European trading on Wednesday, remaining firmly in red after Tuesday’s marginal close below 106.92 former base but failure to close below cracked daily cloud base (106.70).
Fresh bearish extension today…
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