Yen firmed after unchanged BoJ but strength is likely to be limited
The pair pulls back from new seven-week high at 108.47, hit in post-Fed jump, after Bank of Japan kept policy unchanged but left the door open for possible easing in October.
The Fed cut interest rates by 0.25% on Wednesday, in widely…
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Aussie holds in red and attacks again pivotal support zone ahead of Fed
The Australian dollar holds in red on Wednesday and attacks again key supports at 0.6830 zone (daily cloud base / broken Fibo 38.2% of 0.7080/0.6677) which contained Tuesday’s spike to 0.6830.
Fresh weakness signals again reversal after…
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Bulls may accelerate if no surprise from Fed
The pair maintains positive tone and holding near fresh 6 ½-week high in early Wednesday’s trading, following Tuesday’s repeated close above 100DMA and fresh probe above Fibo barrier at 108.16 (76.4% of 109.31/104.44 fall).
Daily studies…
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Bulls look for a catalyst to finally break 100DMA; UK CPI and Fed eyed for signals
Cable is holding within narrow consolidation around pivotal 1.25 resistance zone (100DMA / Fibo 38.2% of 1.3381/1.1958) after fresh advance on Tuesday repeatedly failed to clear barrier.
Uptrend from 1.1958 remains intact and maintains…
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Sterling rallies on sharp fall of oil and pressures again key 1.2501 barrier
Cable advances in early US trading on Tuesday, as crude oil price fell sharply on comments from Saudi Arabia that oil production will be fully restored after attack within weeks, much shorter than initial estimations showed.
The pair…
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Bulls look for extension of Monday’s strong rally and eye Fibo barrier at $63.69
WTI oil maintains bullish tone on Tuesday and consolidating under new four-month high, as sentiment remains positive after weekend’s attack at Saudi oil installations that sparked strong rally of oil price.
Despite immediate reaction of…
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Bulls return to play but caution on possible repeated upside rejection
Bulls returned to play and probe again through pivotal barriers at 108.04/16 (100DMA / Fibo 76.4% of 109.31/104.44), following short-lived pullback to 107.46 and subsequent rebound.
The dollar regained traction after being hit by risk…
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Daily cloud top holds for now but deeper pullback cannot be ruled out
Pullback from strong barrier 1.2501 (Fibo 38.2% of 1.3381/1.1958, reinforced by falling 100DMA, where double upside rejection occurred) extends into second day and probes through strong support, provided by daily cloud top (1.2399).
The…
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Bears found footstep after Monday’s strong fall but risk remains shifted lower
The Euro found footstep and moved above broken 1.10 support after bulls were trapped at 30DMA and stalled on approach to pivotal Fibo barrier at 1.1111 with subsequent acceleration lower on Monday, resulting in 0.68% fall (the biggest…
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Aussie dips after dovish RBA; dips face solid supports at 0.6800 zone
The pair fell to 1 ½ week low in early Tuesday’s trading after minutes of RBA last meeting signaled that the central bank would consider more rate cuts in the near future.
Weak Australian housing data (although better than expected but…
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