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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Positive tone above daily cloud but risk of bull-trap exists
The Euro found fresh bid on Thursday and bounced from daily cloud top (1.1078) which underpins for the third straight day and keeps bullish bias intact.
Two consecutive Dojis (Tue/Wed) with Wednesday’s candle having very long upper…
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Fresh bullish extension on Thursday cracks next resistance zone
Cable maintains strong bullish tone and extends to new seven-month high in early Thursday’s trading.
The pair was up 0.85% on Wednesday, in the biggest one-day rally since 18 Oct, as positive sentiment was strongly boosted by rising…
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Cable extended rally to seven-month high, helped by downbeat US data
Cable extended strong advance on Wednesday and hit new seven-month high at 1.3120.
The pair cleared several barriers en-route (100/200 WMA’s), after downbeat US data (ADP private employment report and non-manufacturing PMI) further hurt…
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