Bullish alignment above daily cloud but Fed eyed for fresh signal
The pair holds in green and above daily cloud top after strong advance on Tuesday which in break and close above cloud, generating initial signal of daily Doji reversal pattern.
Today’s action is entrenched within narrow range and…
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Bears continue after taking a breather on Tuesday
The Australian dollar returned to weakness on Wednesday after the action on Tuesday ended in bullish long-tailed Doji which is usually seen as initial reversal signal.
Positive impact on slightly better than expected Australian CPI,…
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Bears attack 1.30 level again as sentiment remains weak ahead of key events
Cable remains in red on Wednesday despite hammer candle on Tuesday, weighed down by concerns about Britain’s future relationship with the European Union, as the country is leaving the Union on Friday.
Adding to uncertainty is mounting fear…
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Bears regain control and probe through key supports again ahead of Fed
The Euro was sold in early European session trading on Wednesday and probed again below important Fibo support at 1.1016 (61.8% of 1.0878/1.1239 ascend) following double failure to close below and generate strong bearish signal.
Fresh…
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Crude oil falls further after gap-lower opening as virus concerns weigh heavily
WTI oil price started the week with 130-pips gap lower and extended lower to the levels last traded in early Oct, pressured by concerns that virus spread could have strong negative effect on oil demand.
The price holding firmly in red for…
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Aussie slumps on rising global worries over China virus
The Australian dollar was sharply down in early Monday’s trading (0.6% so far) despite the national holiday, as rising fears over virus spreading further soured the sentiment and increase pressure on Aussie.
Fresh bearish acceleration…
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Downbeat German data add to negative outlook as bears crack key Fibo support
The Euro fell further and hit the lowest since 2 Dec on Monday, in extension of steep fall last Thu/Fri (down 0.6%).
Downbeat German Ifo business climate index (Jan 95.9 vs 97 f/c and 96.3 in Dec), released earlier today, added to…
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Safe-haven yen rises further on coronavirus fears
The pair opened with gap-lower on Monday and fell to the lowest since 8 Jan on rising risk aversion as death toll on corona virus in China rises.
Safe-haven yen extends its strong advance (up 0.74% last week) in such environment, with…
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Yen strengthens again on China virus risk-off mode
The pair weakened in early US trading on Friday, reducing hopes of stronger recovery, after strong downside rejection on Thursday signaled formation of bear-trap on Fibo support at 109.28 (38.2% of 107.65/110.29).
Downbeat US Jan…
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Oil prices returned to red after brief correction as fears of virus spread affecting demand weigh…
WTI oil price returned to red on Friday after brief recovery from new eleven-week low ($54.77) stalled just under $56 mark.
Technical studies on daily chart remain firmly bearish and add to negative sentiment on rising fears that spreading…
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