Bears extend on fresh fears of hard Brexit
Cable remains in red in early Monday’s trading (opened with 18-pips gap lower in Asia) and extends weakness through thick daily cloud, following 0.5% fall last Friday.
Stronger dollar on upbeat US data last Friday keeps sterling at the…
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Sterling slumps after weak UK data and upbeat US figures
Cable extends weakness in the US session on Friday after being hit by weak US retail sales data that added to expectations of rate cut at the end of rge month’s BoE policy meeting, with additional pressure from upbeat US housing data…
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Swiss deflated by risk mode; reversal pattern forming on daily chart
The pair advances strongly on Friday after US-China trade deal provided relief and boosted appetite for riskier assets.
Reversal pattern is forming on daily chart after Thursday’s action was strongly rejected at the downside and…
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Solid China’s data inflate Aussie but price action is still within the range
The Australian dollar regained traction and advanced towards multi-day range tops, following strong upside rejection on Thursday after the price spiked to 0.6933 but subsequently reversed and closed in the middle of the range.
Solid…
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Initial signals of reversal generated after strong upside rejection
The Euro stands at the back foot in early Friday’s trading and returns below 200DMA (1.1135), adding to negative signal, generated on Thursday’s strong upside rejection which resulted in bearish daily candle with long upper shadow that…
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Firm tone ahead of UK retail sales data release
Cable ticked higher in early Friday’s trading and hit one-week high (1.3099) in extension of rally in past three days ahead of release of UK retail sales data.
Fresh recovery is underpinned by rising daily cloud which contained pullback…
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Bears are on hold but recovery attempts lack momentum for stronger advance
WTI oil price bounced on Thursday after triple failure to clear 200DMA ($57.70) support.
Initial reversal signal is forming on daily chart after price action in past two days ended in Doji candles and subsequent advance.…
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Relief advance on trade deal needs close above 0.6919 pivot to signal bullish continuation
The Australian dollar advanced on Thursday and hit the highest since 7 Jan, in attempts to eventually break above three-day congestion, which was signaled by double Doji candles.
Strong risk sentiment after US-China trade deal was signed,…
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Lira jumps after CBRT surprised with 0.75% rate cut vs 0.5% consensus
Turkish lira rose against US dollar after CBRT surprised markets by 0.75% rate cut to 11.25% vs widely expected half percent easing.
The central bank said that current policy stance remains consistent as inflation outlook continues to…
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Bulls eye 1.12 zone after break of key barriers
The Euro maintains firm tone on Thursday and keeps focus at the upside after strong bullish signal was generated on Wednesday’s surge and close above key 1.1140 resistance zone.
Rising bullish momentum on daily chart and MA’s in bullish…
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