Bears face headwinds from daily cloud base, fresh trade hopes
The Aussie bounced from the session low at 0.6800 at the start of US trading on Tuesday, on news that fresh round of tariffs due to start on 15 Dec, might be delayed.
The pair remained in red during Asia and Europe following mixed results…
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Turkish lira stands at the back foot on rising political tensions and ahead of CBRT rate decision,…
The pair is consolidating under new seven-week high on Tuesday after advancing 1.1% in past two days, as dollar advanced on strong US jobs data while lira came under pressure on persisting tensions over purchasing Russian arms and the…
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Bulls face headwinds from daily cloud top again ahead of German ZEW data
The Euro remains in green for the second straight day and attacks again daily cloud top (1.1076) which capped Monday’s action.
Rising daily momentum is attempting into positive territory and supporting the action, but positive signals…
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UK data eyed for fresh signals
Cable maintains positive tone and pressuring new over seven-month high at 1.3180 (9 Dec) in Tuesday’s early European trading, ahead of UK data.
Strong bullish sentiment remains fueled by expectations for Conservative Party victory on…
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Post-NFP slump risks extension below daily cloud
The Euro accelerated lower on Friday, hit by upbeat US NFP data (Nov 266K vs 186K f/c while Oct figure was revised to 156K from 128K).
Non-farm payrolls hit the highest in 10 month, signaling the strength of US labor sector amid rising…
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Aussie stands at the front foot ahead of US data but still holding within the triangle
The Aussie maintains bid tone on Friday and recovers the most of previous day’s losses, after dips were repeatedly contained by the top of thickening daily cloud which continues to support.
Weaker US dollar contributed to fresh advance,…
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Bulls are pausing under new 7-mth high and awaiting US jobs data for fresh signals
Cable eases in early European trading on Friday as bulls are taking a breather, following impressive rally of nearly 2% in past four days that resulted in extension to the highest level in over seven months.
Sterling was in strong bullish…
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Near-term action remains propped by thick daily cloud and extends gains above key Fibo barrier
The Euro maintains firm tone and extends above cracked key Fibo barrier at 1.1103 (61.8% of 1.1179/1.0981) in early Friday’s trading.
Fresh strength emerged on Thursday after third straight rejection at daily cloud top, keeping bullish…
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Oil price rises on expectations of OPEC’s deeper production cut
WTI oil holds firm tone on Thursday, following 3.3% advance on Wednesday, with strong bullish sentiment being boosted by much bigger than expected drop in weekly crude inventories (-4.85mln bls vs -1.73 mln bls f/c) and expectations that…
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Risk of reversal increases
The Aussie dollar dips on Thursday on disappointing Australia’s retail sales (Oct 0.0% vs 0.3% f/c) and trade balance (Oct surplus 4.5B vs 6.1B f/c), increasing risk of reversal.
Tuesday’s action stalled at key Fibo barrier at 0.6862 and…
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