Aussie eases further on dovish RBA ahead of US jobs report
The Australian dollar cracked 0.6700 support on Friday, in extension of pullback after recovery attempts stalled on Wednesday.
Fresh pressure on Aussie comes from comments from Australia’s central bank’s governor Lowe, who pointed at…
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Oil prices dip on OPEC+ failure to reach consensus for deeper production cut
WTI oil price fell on Thursday and reversed a half of previous day’s gains, as sentiment soured after OPEC+ group failed to agree on increased production cut in emergency meeting, held today, adding to negative signal on larger than…
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Steep ascend extends into fourth day but faces headwinds at psychological 110 barrier
The pair maintains firm bullish tone for the fourth straight day as dollar enjoys support from easing virus fears and China’s cut of tariffs on US imports.
Strong rally from Monday so far advanced 1.2% and broke above Fibo barrier at…
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Fresh weakness emerges after two-day consolidation and turns focus towards key support zone
Cable returned to red and shifts near-term focus lower after directionless consolidative action in past two days (two daily candles with long shadows on both sides).
Fresh weakness eyes Tuesday’s low (1.2941) and key support zone at…
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Bears are pausing above key supports ahead of US jobs data
The Euro is holding within narrow consolidation just above 29 Jan multi-month low at 1.0992, which was retested on Wednesday’s strong fall.
Bears are taking a breather above key supports (1.0981/92) with larger picture being negative and…
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Recovery shows initial signs of stall; downbeat data weigh
The Australian dollar edged lower in early European trading on Thursday after upside attempts stalled Fibo barrier at 0.6762 (23.6% of 0.7032/0.6678) in delayed reaction on negative data.
Australian retail sales fell by 0.5% in Dec vs…
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Dollar index extends advance on risk appetite / upbeat US private jobs data
The greenback surged to new two-month high against the basket of major currencies on Wednesday, driven by fresh risk appetite on talks about possible cure for coronavirus and upbeat US private sector jobs data (ADP Jan 291K vs 156K f/c and…
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Rising risk appetite drives Aussie further up
The Australian dollar advances further on Wednesday, boosted by fresh risk appetite in the market after news about cure for coronavirus circulated and extends recovery into third straight day.
Fresh bullish extension broke above initial…
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Strong recovery extends on optimism over coronavirus treat
The pair extends recovery after previous day’s advance of 0.8% marked the biggest one-day rally since August.
The dollar rose on fresh optimism about treating coronavirus on reports that Chinese University found a drug treat people…
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Upbeat UK PMI data boost recovery
Cable remains bid and extends recovery on Wednesday after bears were strongly rejected on Tuesday and daily action ended in hammer candle, generating initial reversal signal.
Upbeat UK Services and Composite PMI data for January…
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