Bulls regain traction and return above 200DMA on fresh risk mode
Optimistic news on US/China trade issue prompted investors into riskier assets and pushed the pair back above 200DMA (109.02).
Wednesday’s close in red and below 200DMA put on hold hopes for eventual attack at key Fibo barrier at 109.36…
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Sterling could come under increased pressure on BoE’s dovish turn
Cable edged higher in early Thursday’s trading on fresh risk mode in the markets, but the action requires more work at the upside to neutralize downside risk.
Wednesday’s close below 10DMA (1.2880) which held the action in past four days…
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Fresh risk mode puts bears on hold but bias remains negative
The Euro jumped in early European trading on Thursday after comment from China’s commerce ministry which expressed readiness to negotiate on how much tariffs can be cancelled.
The comment sparked fresh risk mode in the market and put…
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Strong build in crude stocks weakens the structure and risk repeated close below 200DMA
WTI oil price dipped after much stronger than expected build in weekly crude stocks (7.9 mln bls vs 1.5 mln bls f/c) data showed on Wednesday.
Strong rally extended into fourth straight day and peaked at $57.83 today (the highest since 24…
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Bulls again lose traction on approach to key Fibo barrier
Strong three-day rally, sparked by fresh risk mode on trade optimism, approached recent three-month high at 109.28 (30 Oct) on Tuesday, following the strongest one-day rally since 25 Sep, which also resulted in daily close above 200DMA…
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Bears consolidate above key supports after nearly 1% two-day pullback
The Euro is consolidating above thick daily cloud, reinforced by Fibo 38.2% of 1.0878/1.1179 ascend, where strong two-day drop found footstep.
Tuesday’s nearly 0.5% fall marks the biggest one-day loss, with two long bearish daily candles…
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Bulls remain in play and attack again 200DMA; crude inventories in focus
WTI oil maintains firm tone and moves above $57 marks in fresh attacks at 200DMA ($57.32) after Monday’s probe above was short-lived and day ended in Doji with long upper shadow.
Fresh advance penetrated narrowing daily cloud which twists…
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Gold eases towards $1500 mark on fresh risk mode
Spot gold holds in red for the second straight day and dips close to important $1500 support, deflated by fresh optimism about US/China trade talks that revived risk mode.
Fresh weakness emerged after last week’s strong bullish…
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Fresh risk appetite inflates bulls for renewed attack at 200DMA
The pair rallies for the third straight day, boosted by fresh hopes on US/China trade deal that prompted investors into riskier assets.
Last week’s strong fall after failure to clear 200DMA (109.02) was contained by daily Kijun-Sen…
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Aussie rises on unchanged RBA and trade optimism; key barriers under pressure
The Australian dollar rose above 0.69 barrier on Tuesday after the RBA left interest rates unchanged at 0.75% on hopes for rebound in property market that may improve economic conditions.
Also, fresh pressure from China on US President…
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