Dollar drops and safe havens gain on fresh US/China trade pessimism
The dollar and riskier assets fell in early US trading on Monday on the latest media report that expressed pessimistic tone from China over trade deal and soured sentiment.
The USDJPY pair was down some 40-pips after news were released and…
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Gold remains under pressure on hopes for US/China phase one trade deal
Spot gold falls further on Monday as rising hopes that the US and China will soon reach a deal in the phase one of their trade talks, keeps risk mode and prompts traders out of safe-haven metal.
Monday’s extension of pullback from recovery…
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Probe above cloud top is positive signal but risk of recovery stall still exists
Strong recovery from 1.0989 (14 Nov low) where bears were trapped at Fibo 61.8% level, extends into third straight day.
Early Monday’s advance cracked key barriers at 1.1060/64 (daily cloud top / double Fibo barrier) but needs firm break…
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Signals of bullish continuation require break above 1.30 to be confirmed
Cable maintains positive tone and extends advance to new over two-week high in early European trading on Monday, following 20-pips gap higher Monday’s opening.
Sterling was boosted by fresh opinion polls pointing to Conservative victory at…
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Cable rises on Brexit news and pressures key barriers
Cable rose above 1.29 mark on weaker greenback after US data and the latest Brexit Party news and holding firmly above 20DMA (1.2872) that generates initial bullish signal.
Fresh advance pressures pivotal barriers at 1.2920 zone (Fibo…
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WTI price is inflated by market optimism but remains congested between 200DMA and daily cloud top
WTI oil price stands at the front foot on Friday and accelerated above $57 mark on weaker dollar after US data.
Optimism that the OPEC+ group will maintain its agreement for oil supply cut and fresh hopes for US/China trade deal, keep the…
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Bears are pausing above key Fibo support but negative bias remains intact
Bears are taking a breather after Thursday’s 0.8% fall which marked the fifth consecutive day in red and was contained by key Fibo support at 0.6769 (61.8% of 0.6670/0.6929).
Optimistic comments from White House economic advisor about…
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Bulls regain traction but need close above bull-trendline for positive signal
The pair regained traction on Friday and moved higher after holding in red for five consecutive days.
Pullback from double-top at 109.48 was contained by rising daily Kijun-sen and fresh optimism on positive signals from US/China trade…
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Fibo support at 1.0993 remains key point; weekly close in focus
The Euro is holding above 1.10 mark in early Friday’s trading but attempts to extend Thursday’s recovery rally lack strength and were so far capped by broken Fibo 50% barrier at 1.1029.
Strong downside rejection under key Fibo support…
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Fresh bulls need weekly close above 20DMA to signal further recovery
Cable remains tall in early Friday’s trading and holds above broken 20DMA (1.2870), keeping firm near-term tone, following Thursday’s 0.25% rally and break above the tops of two-day congestion.
Sterling was inflated on fresh optimism…
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