Bears regained control after short-lived recovery; weaker than expected UK PMI data also weigh
Cable returned to weakness in early Europe and fell below Asian session low (1.2770) after overnight recovery attempts stalled at 1.2850.
The pair remains in red following last week’s 1% fall on risk aversion, with bearish signal on…
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Fresh bullish extension is attracted by cloud twist and pressures 200DMA
The Euro rises further in early Monday’s trading, maintaining strong bullish tone, following last week’s nearly 2% advance.
Rising expectations of Fed rate cut deflate dollar and keep the single currency supported, with additional boost…
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Bulls extend above 1.10 after 1% rally on Thursday
The Euro extends advance and broke above 1.10 barrier on Friday, following strong rally on Thursday (the pair was up over 1% in the biggest one-day gains since 5 Aug).
Dovish shift from Fed that raised expectations for rate cut, deflated…
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Fresh recovery acceleration is pressuring key barrier at 1.0954
The Euro extends recovery on Thursday and pressuring pivotal barriers at 1.0954 (falling 30DMA / Fibo 38.2% of 1.1239/1.0778), after taking out initial barrier at 1.0904 (20DMA).
Fresh bullish acceleration emerged after Wednesday’s…
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WTI price establishes below $50 on rising pressure over fears of coronavirus pandemic
The WTI oil’s near-term action remains firmly in red and extends steep fall into fourth straight day.
Today’s break below psychological $50 level and former low at $49.41 (4 Feb) pushed oil price to the lowest levels since early January…
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Bears take a breather after steep fall in past three days
The pair edged higher in early Wednesday’s trading, in consolidation after steep fall in past three days as dollar was sold on rising expectations of Fed rate cut.
Growing fears of coronavirus pandemic after signs of rising numbers of…
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Pullback from new 7-year high was so far limited as strong fears of coronavirus pandemic persist
Spot gold price dipped on Tuesday after steep, week-long rally hit new 7-year high but showed initial signs of stall on Monday’s daily candle with very long upper shadow, formed after strong upside rejection on approach to psychological…
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Fading risk appetite signals an end of brief recovery and shifts focus lower
Recovery attempts from new 11-year low (0.6583) were so far mild, as today’s action is back to red on fading signals of renewed risk appetite.
Fresh optimism on comments of possible vaccine for coronavirus and brief easing of US dollar…
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The dollar holds in red for the third straight day
The pair extends weakness from double rejection at 112.22/18 into third day and retests Fibo support at 110.39 (23.6% of 104.44/112.40 ascend) which contained Monday’s fall.
Dovish steer from Fed in rising expectations that the US…
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Pound rises on dovish shift in Fed and fading risk aversion mode
Cable accelerated higher in late Asian/early European trading on Tuesday as dollar softened on rising expectations that the Fed may cut interest rates this year to reduce negative impact from coronavirus epidemic on the economy.
Fresh…
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