Brexit pessimism keeps bears in control, extended corrective upticks to be capped under 1.2270/90…
Cable bounces new one-month low at 1.2195 (also Fibo 61.8% of 1.1958/1.2582) in early Wednesday’s trading, as traders take profits after strong fall on Tuesday and bears consolidate above key support.
Bears remain in control on rising…
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Lira looks for further weakness after Monday’s 2% fall on rising geopolitical tensions
The pair is consolidating after rallying 2% on Monday, as Turkish lira was hit strongly by President Trump’s warning that the US would hurt badly Turkey’s economy if they take a military action in northeast Syria after US troops pull out…
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Pivotal support at 1.2270 tested again as Brexit pessimism weighs
Early Tuesday’s action stays in red and hit new low at 1.2264 (the lowest since 2 Oct) on probe through 1.2270 pivot (daily Kijun-sen / 50% retracement of 1.1958/1.2582 upleg).
Monday’s upside rejection and close in red after Friday’s…
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Recovery extends on profit-taking / trade talks optimism
WTI oil extends recovery into second day as traders booked profits from strong fall in past two weeks.
Slight optimism on progress in US-China trade talks, which are due to resume this week, also inflates oil price.
Thursday’s Hammer…
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Directionless mode extends but Brexit uncertainty weighs on pound
Cable stands at the back foot in early Monday after Friday’s post-NFP action failed to establish in fresh direction and ended in long-legged Doji, signaling strong indecision.
Near-term action holds in the middle of thick daily cloud,…
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The downside will remain vulnerable while recovery stays capped by strong 1.10 resistance zone
The Euro ticked lower in early European trading on Monday, as upside attempts remain capped at strong 1.1000 resistance zone (falling 20DMA / 50% retracement of 1.1109/1.0878 / bear-trendline off 1.1412 high), keeping larger downtrend…
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The Euro remains constructive after Thursday’s strong upside rejection; US jobs data in focus
The Euro stands at the front foot in early Friday’s trading, but holding below key barriers at 1.10 zone (double-Fibo resistance / falling 20DMA) which was cracked on Thursday’s rally.
Failure to clearly break higher marks the significance…
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Fresh advance signals possible break of four-day congestion
Cable accelerated higher in early US trading on Thursday, signaling possible break of four-day congestion, after long-tailed candles of past two days added to idea of bears’ stall.
Fresh advance broke above Fibo barrier at 1.2349 (38.2%…
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Directionless mode extends as the latest Brexit proposal lacked support from EU
Cable remains in directionless mode for the fourth straight day, with repeated long-legged Dojis signaling strong indecision.
No significant reaction was seen from Wednesday’s new Brexit proposal by PM Johnson, as the EU officials in…
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Bears consolidate above key supports, awaiting fresh signals from US data
Bears are taking a breather after steep fall in past two days as dollar was hit by downbeat US Manufacturing PMI data and weaker than expected US private sector jobs report that raised concerns about US economic growth slowdown and fueled…
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