Bulls regained ground after being shaken by risk-off mode; Fed is in focus
The pair returned to 108 zone as bulls regained traction after immediate reaction on Saudi oil installations that sparked risk aversion and sent dollar to 107.47 in Asian session, with dip being contained by broken Fibo barrier at 107.45…
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Bulls face strong headwinds but expected to remain in play while rising 10DMA holds
The pair slipped on Monday following fourth consecutive failure to clearly break above significant resistance at 0.6879 (daily cloud top / 50% retracement of 0.7082/0.6677 fall).
Fresh risk-off mode inflate the greenback and increase…
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Euro eases after strong rejection at key Fibo barrier
The Euro holds in red and eases in European trading on Monday as dollar is regaining traction after being hit by fresh risk-off mode on attack on Saudi oil installations during the weekend.
Strong two-day bounce from Thursday’s post-ECB…
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Bulls take a breather after strong rally on Friday; daily cloud top marks key support
Cable eased to 1.2425 as traders booked profits after last Friday’s 1.36% advance which was capped by strong barrier at 1.2501 (Fibo 38.2% of 1.3381/1.1958 descend, reinforced by falling 100DMA).
Today’s repeated upside rejection (1.2503)…
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Geopolitical tensions boosted safe haven demand but all eyes are on Fed
Spot gold opened with gap-higher on Monday and returned above $1500 level, as rising tensions in the Middle East following latest attack on Saudi oil facilities prompted investors into safe-haven assets.
The yellow metal benefited from…
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Oil price spiked to 4-mth high following gap-higher opening on escalation of geopolitical tensions
WTI oil was the top performer of the Asian session on Monday as the contract opened with gap higher ($5) and spiked to new four-month high at $63.23.
Oil markets were hit by the attack on oil facilities in Saudi Arabia during the weekend …
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Fresh Brexit optimism sparked strong bearish acceleration
The cross fell strongly on Friday as renewed Brexit optimism boosted sterling.
Fresh probe below 0.8900 handle (also 50% of 0.8494/0.9324 ascend) pressures Thursday’s 0.8885 spike low (13-month low).
Firm break here would signal extension…
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Consolidation below 100DMA likely to precede fresh push higher
The pair is taking a breather after steep six-day rally faced headwinds important barriers at 108.10/16 (falling 100DMA / Fibo 76.4% of 109.31/104.44).
Thursday’s action failed to close above these barriers and today’s fresh attempts…
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Fresh rally on renewed Brexit optimism looks for bullish signal on break above daily cloud top
Strong bullish acceleration in late Asian / early European trading on Friday was sparked by fresh Brexit optimism, with sterling also being dragged by rising Euro.
Fresh bulls after three-day congestion eventually broke above Fibo barrier…
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Strong rebound cracks key Fibo barrier and looks for further extension on break
The Euro extends strong rebound after post-ECB failure at 2019 low (1.0926) and cracks 1.11 barrier in early European trading.
Near-term sentiment turned positive after initial dip after ECB’s decision was contained by 3 Sep yearly low and…
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