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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Oil price on track for strong bullish weekly close following rally on unexpected fall in US crude…
WTI oil maintains firm tone and consolidating under new one-month high at $56.49, posted on Thursday after three-day rally, which resulted in 4.7% rise.
Oil prices were boosted by surprise decline in US oil inventories, as well as optimism…
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Cable stands at the back foot and awaiting more news about UK snap election and Brexit extension
Cable is holding within narrow range in early Friday’s trading after Thursday’s close in red and formation of bearish engulfing pattern, which requires confirmation on Friday’s bearish close.
Sterling was dragged by weaker Euro on…
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Weak German Ifo to increase pressure on euro
The Euro ticked higher but holding in neutral mode just above Thursday’s low at 1.1092 in early Friday’s trading.
The single currency closed in red on Thursday after being initially boosted by better than expected French PMI data, but lost…
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Turkish lira falls on bigger than expected CBRT rate cut but weakness might be limited
The pair rose around 0.6% on Thursday after the CBRT cut interest rates by 250 basis points to 14%, on bigger than expected (1%) cut.
The central bank said that inflation outlook continues to improve and inflation is expected to be notably…
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