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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Weak PMI data pressured Euro ahead of ECB
The Euro fell to daily low at 1.1123 after weaker than expected German / EU mfg & services PMI data, which offset positive impact from French PMI’s above expectations earlier this morning.
Weak data signal that the EU economy is at the…
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Quiet mode on lack of Brexit news but sentiment is positive
Cable regained traction after the latest Brexit turmoil, as shallow pullback from new high at 1.3012 found footstep just above rising 10DMA (1.2840)
Positive close on Wednesday’s and overnight’s fresh extension higher, mark initial…
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Solid bids at 1.1105/1.1085 keep the downside protected for now
The Euro holds in red for the third straight day and extension of pullback tested the top of thick daily cloud (1.1105) which presents significant support, as the price subsequently bounced.
The single currency consolidates after recent…
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Lira extends recovery on deal with Russia; CBRT is expected cut rates by 1% on Thursday
The pair extends lower on Wednesday and broke below important support at 5.7875 (20DMA / 50% of 5.6370/5.9378) as lira was boosted by the latest Russia-Turkey deal on Syria.
Lira’s advance is likely to be short-lived, as key factors that…
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Sterling stands at the back foot but away from key supports as Brexit drama continues
A day after the event that markets have seen as a crucial, Brexit drama remains at the same place and without any answer on key questions: how, when and if it is possible to bring the whole story to its end.
UK lawmakers supported PM…
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Recovery picks up on optimistic trade-negotiations news but cautious on expectations for crude…
WTI oil price eventually reacted on optimistic tones from US/China trade talks and jumped above $54 mark after holding within narrow range in Asia / Europe on Tuesday.
Fresh advance on improved near-term sentiment, generated bullish signal…
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Bulls face strong headwinds and see risk of pullback
The Australian dollar eases on Tuesday after double failure at daily cloud top (0.6879) which could be initial signal that bulls are exhausted, as overbought daily stochastic and fading bullish momentum add to negative signals.…
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Correction may precede fresh upside; good bids at 1.11 and 1.1070 zone
The Euro stands at the back foot in Europe on Tuesday as Monday’s close in red (the first bearish close after four days of strong rally) which also left daily candle with long upper shadow, signal that bulls might be running out of steam.…
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