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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Lira advances further as Turkey’s inflation falls to nearly three-year low
The Turkish lira extends advance against US dollar on Monday, after bulls paused last Thu-Fri for consolidation.
The news released this morning showed further fall in Turkey’s inflation, which dropped to the lowest in almost three years.…
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Quiet mode on lack of Brexit news, fading bullish momentum warns of weakness
Cable is holding within tight range in early Monday’s trading, as lack of news from main driver- Brexit keeps near-term action in quiet mode.
Fresh bulls from 1.2788 trough show initial signs of stall on approach to key 1.30 zone.
The…
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Euro eases ahead of Lagarde but bias remains with bulls
The Euro dipped in early European trading on Monday as traders await the first speech of Christine Lagarde as ECB’s president, later today.
Lagarde is widely expected to continue the easy policy of her predecessor Mario Draghi.
The…
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Euro returned to strength after short-lived dip on solid US jobs data
The Euro initially fell to daily low (1.1128) after solid US jobs data (Oct NFP 128K vs 89K f/c) with strong upwards revision of Sep figure (180K from 136K) which diminished worries about negative signals from weak forecasts.
Although…
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