Slight bullish bias keeps key 1.32 resistance zone in focus
Cable edged higher in early European trading on Wednesday, boosted by fresh risk appetite after mild reaction of the US on Iran’s attack overnight.
Fresh advance focuses again 1.3200 zone where Tuesday’s action stalled, as the downside…
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Another strong downside rejection adds to reversal signals but geopolitics keep the downside at risk
Japanese yen surged to new three-month high against the dollar (107.65) on risk aversion after Iran fired rockets on US targets, but gains were short-lived as the greenback regained traction on mild reaction from the US and fading fears…
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Dollar rises on fading geopolitical fears and solid US PMI data
The pair rises further on Tuesday, extending Monday’s 0.5% rally, boosted by fading fears about escalation of US/Iran conflict and upbeat US Non-Manufacturing PMI data (Dec 55.0 vs 54.5f/c and 53.9 prev).
Monday’s short-lived probe below…
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Bulls take a breather despite geopolitical tensions
WTI oil price eased further on Tuesday as initial fears about US/Iran conflict escalation started to fade.
Oil price rallied last Friday and extended rally to new multi month high ($64.53) on Monday, but gains after gap-higher opening at…
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Aussie is down nearly 1% since Asian opening
The Australian dollar extends downtrend after bears paused on Monday, with fresh bearish acceleration on Tuesday registering 0.9% loss since Asian opening.
Aussie came under increased pressure on concerns about the damage to the economy…
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Recovery loses power but bias remains with bulls above 200WMA
Cable cracked 1.32 barrier (50% of 1.3514/1.2904) on Tuesday in extension of Monday’s 0.62% advance, boosted by but for now lacks momentum to break higher.
Daily MA’s in bullish setup are supportive as the price maintains bullish bias…
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Recovery stall at pivotal 1.12 barriers but bullish bias remains while key supports hold
The Euro eases in early European trading on Tuesday after Monday’s strong recovery stalled at pivotal 1.1200 zone barriers.
Fresh bulls that emerged after strong downside rejection at key 1.1140 support last Friday, failed to generate…
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Bears are taking a breather but outlook remains negative
The pair is consolidating around 108 handle on Monday, despite gap-lower opening at the beginning of the week, with larger bears taking breather above important Fibo support at 107.71 (38.2% of 104.44/109.72) after last week’s 1.2% fall.…
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Solid UK data boost pound, but recovery needs to clear important obstacles for reversal signal
Cable extended higher after better than expected UK PMI data (Dec Composite 49.3 vs 48.6 f/c; Services 50 vs 49.1 f/c) adding to positive signals after last Thu/Fri dip was contained by important Fibo support (61.8% of 1.2904/1.3284)…
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The Euro rises after failure at key Fibo support, boosted by upbeat data
The Euro moved within narrow range in early Monday’s trading after strong pullback from new multi-month high (1.1239) in past two days stalled at key supports at 1140 zone (10/200DMA golden-cross / Fibo 38.2% of 1.0981/1.1239) despite…
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