Cable holds positive tone ahead of Fed
Cable maintains positive tone and ticked above 1.29 handle, following four consecutive rejections at 1.2819 Fibo support (23.6% of 1.2195/1.3012).
Fresh advance after Tuesday’s long-legged Doji cracks initial barrier at 1.2890 (10DMA),…
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Bulls remain underpinned by daily cloud but unable to resume, awaiting signals from US data / Fed
Recovery lost traction in early European trading on Wednesday after German data showed stronger than expected rise in unemployment in October.
Bulls were capped by daily Tenkan-sen / 100DMA, but subsequent easing was mild and price action…
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Directionless n/t mode between 1.1064 Fibo support at 1.1105 daily cloud top
The Euro holds in red on Tuesday and cracks lows of past two days (1.1073/75) after Monday’s advance was capped by daily cloud top (1.1105) and subsequent weakness erased previous day’s gains.
Signals from 4-hr studies are negative, as…
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Hopes for fresh attempts at 1.30 will remain alive while Fibo support at 1.2819 holds
Cable stands at the back foot in early European trading on Tuesday and probes again through 1.2819 Fibo support (23.6% of 1.2195/1.3012) which contained attacks in past three days and kept near-term bias with bulls.
Studies on daily…
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200 DMA continues to cap but bias remains positive ahead of Fed
Fresh advance on positive news over US/China trade talks was so far unable to break key 200DMA obstacle (109.05) which capped Monday’s rally and continues to limit the action in early Tuesday.
Near-term action remains biased higher and…
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Spot gold falls on fresh risk appetite
Spot gold dipped well below $1500 mark on Monday after news about significant progress in US/China trade talks boosted risk sentiment.
Fresh weakness is on track to complete reversal pattern on daily chart, formed after strong rally last…
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Dollar rises on optimistic news over US/China trade conflict
The pair jumped on positive news after US President Trump said he expects to sign a significant part of the trade deal with China ahead of schedule that signals improvement in trade talks.
Fresh strength pressures key 109 resistance zone…
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Bearish bias while the price holds in daily cloud; Fed in focus
The Euro ticked higher in early Monday’s trading but remains near the middle of thick falling daily cloud, following last Thu/Fri penetration and close within the cloud.
Also last week’s long bearish candle after three weeks of rallying,…
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Fresh Brexit news inflate pound and generate initial signal of pullback’s stall
Cable jumped to the session high at 1.2859 in early Monday’s trading following the latest news that the EU will most likely delay Brexit until 31 Jan.
Fresh optimism inflated pound and adds to positive signal that is developing on daily…
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Gold establishes above $1500 on global easing trend; all eyes are on Fed
Spot gold is holding above $1500 barrier on Friday, as the price returned above this level after two weeks in Thursday’s strong rally (up 0.8% for the day).
The yellow metal’s price holds in green for the fourth straight day,…
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