Euro falls after Eurogroup failed to agree on funding aid
The Euro was down 0.5% in Wednesday’s Asian / early European trading weighed down by failure of EU financial ministers to agree the way of funding economy package.
Fading risk mode on increased death toll on COVID 19 adds to negative…
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Aussie advances to new April’s high on fresh risk appetite
The Australian dollar advanced 1.8% since Asian opening on Tuesday, making the biggest daily advance in the new month and hit new April’s high.
Risk sensitive currency was supported by rise in global equities that boosted…
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The Euro enters corrective phase after six-day fall
The Euro moved higher in early Tuesday’s trading, inflated from weaker dollar, bouncing from new two-week low at 1.0768, posted after six-day fall.
The action is supported by rising momentum (approaching the borderline of positive…
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Bulls take out the last obstacle on the way to record high from 2018
The pair rose to new highest since late Aug 2018 on Monday, confirming positive signal on repeated close above Fibo barrier at 6.6413 (76.4% of 7.1074/5.1323 fall).
The way is now opened towards record high at 7.1074 (13 Aug…
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Extended sideways mode expected while 20DMA holds
Cable edged lower in early US trading on Monday but remains positive for the day.
Near-term action holds above 20 DMA for the second day, underpinned by formation of 10/20DMA’s bull cross that reduces negative impact from Friday’s…
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Oil price regained traction but needs more signals for further recovery
WTI oil regained traction and rose above $28 mark in European trading on Monday, following gap-lower opening in Asia.
Oil started week at $26.07 after closing on Friday at $28.73, as traders feared further deterioration of the conditions…
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Bears are taking a breather but near-term outlook remains negative
The Euro consolidating within 1.0783/1.0835 range after six straight days of losses (the pair was down 2.5% last week) but maintaining bearish bias as today’s action stays capped by broken key Fibo support at 1.0835 (61.8% of…
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Yen fell to one-week low vs dollar as Japan’s government is expected to declare a state of…
The pair is holding in green for the third consecutive day and accelerated higher on Monday, to post new one-week high at 109.37.
The yen was sold on Monday as Japan’s government is expected to announce a state of emergency in response…
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WTI oil extends recovery on optimism of OPEC+ agreement for significant production cut
WTI oil price rose to new highest level since 17 Mar ($28.53) on Friday, in extension of previous day’s strong rally, driven by renewed optimism on expectations that main oil producers will agree to make significant production cut.
OPEC+…
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Shocking fall in payrolls comes as logical continuation of very negative claims; dollar remains firm
The dollar keeps bullish tone although the action after release of US jobs data is holding with quite narrow congestion as markets digest the shocking release.
Again, there was no big surprise on seven times more negative payrolls data…
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