Steep ascend extends into fifth straight day and cracks important barriers
The Australian dollar hit five-week high on Monday in extension of last week’s steep rally (the pair gained 1.8% for the week).
Bulls were underpinned by hopes of easing tensions in US/China trade conflict and additionally boosted by…
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Fresh bears crack significant supports but without clear break for now
The cross falls to six-week low at 0.8904 on Monday in extension of steep fall from 0.9148 (3 Sep lower top of larger downtrend from 0.9324, 12 Aug high) driven by fresh strength of British pound.
Fresh bears emerged after Friday’s…
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Oil price is underpinned by fundamentals but lacks support from techs
WTI oil maintain positive tone and holds in green for the fourth straight day, supported by fresh optimism on remarks from Saudi Arabia’s new energy minister Prince Abdulaziz, son of Saudi King, who showed strong commitment for further…
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Bullish bias above broken Fibo at 106.88 looks for retest of 55DMA
Bulls regain traction on Monday and probe again above 107 barrier following last Thursday’s strong upside rejection at 55DMA (107.21) and Friday’s Doji candle that signaled indecision.
Yen came under fresh pressure after Japan downgraded…
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Cable rebounds and cracks daily cloud base on better than expected UK data
Cable bounced above 1.23 level and probed again above falling 55DMA (1.2328) after pullback stalled above rising 10DMA (1.2218) and better than expected UK data inflated pound.
GDP data showed that Britain’s economy expanded more than…
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Bulls are regaining traction but risk of fall below 1.10 pivot exists
The Euro found footstep after double failure to close above important Fibo barrier at 1.1049 (Fibo 38.2% of 1.1249/1.0925) and Thursday’s strong upside rejection at falling 20DMA / Fibo 50% retracement).
Dips managed to stay above…
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Sterling extends pullback after falling daily cloud capped strong recovery
Cable stands at the back foot in early Monday’s trading and showing scope for deeper pullback, following last week’s double rejection at falling 55DMA (currently at 1.2326) and under the base of falling and thickening daily cloud (1.2353),…
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Loonie advances strongly on upbeat Canada’s and mixed US jobs data
Canadian dollar rose to five-week high against US dollar, boosted by upbeat Canada’s jobs data which showed 81.1K new jobs created in Aug vs 18.9K forecast and negative figure in July (-24.4).
Mixed US jobs data, as NFP fell below…
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Bulls look for fresh boost from strong US jobs data
The pair maintains positive tone and holding above psychological 107 level ahead of today’s key event – release of US jobs data for August.
Strong two-day advance (Wed/Thu) resulted in close above important barrier at 106.88 (daily…
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Risk of pullback seen on solid US jobs data
The Euro regains traction and attacks again pivotal Fibo barrier at 1.1049 (38.2% of 1.1249/1.0925 descend after bulls were strongly rejected at falling 20DMA (1.1085).
Thursday’s action ended in Doji with long upper shadow, following…
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