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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Bulls take a breather under key barriers ahead of US jobs data
Cable ticks lower in early European trading on Friday as strong three-day rally from new low at 1.1958, faces strong headwinds from significant barriers at 1.2335 (falling 55DMA) and 1.2354 (daily cloud base).
Profit-taking at the end of…
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Trade talks optimism underpins, but key 106.80/107 barriers resist for now
Extension of Wednesday’s rally that left daily bullish engulfing and generated positive signal, failed on initial attempt through 106.70 zone (highs of 29/23 Aug / falling 30DMA) on Thursday.
Improved sentiment on fresh hopes over US-China…
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Bulls hold grip but stay capped below key Fibo barrier
The Euro remains constructive in European trading on Thursday as Tuesday’s long-tailed hammer and Wednesday’s long bullish daily candle underpin the action, but bulls face strong headwind from pivotal barrier at 1.1049 (Fibo 38.2% of…
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Bulls are taking a breather after impressive rally and awaiting fresh signals
Sterling eases from one-week highs in early Thursday as traders booked profits after Wednesday’s 1.44% advance (the biggest one-day gains since 13 Mar).
Strong rally on renewed optimism on avoiding hard Brexit emerged after unsuccessful…
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WTI oil bounces strongly on profit-taking; solid China’s data
WTI oil changes direction on Wednesday and bounces after three-day fall that hit 3 ½ week low at $52.82 on Tuesday.
The oil price advanced 2.8% in Asia / Europe on Wednesday, as sentiment improved on data released overnight that showed…
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Strong rebound extends into second day and eyes key barriers
The Australian dollar extends strong recovery, which was sparked by unchanged RBA on Tuesday and approaches round-figure barrier at 0.6800 (also 21 Aug high) in European trading on Wednesday.
Australian Q2 GDP data were released on…
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Solid data boost recovery to attack pivotal Fibo barrier
Fresh recovery acceleration cracked psychological 1.10 barrier and pressures pivotal Fibo barrier at 1.1016 (38.2% of 1.1163/1.0925), break of which would generate bullish signal and to positive tone that is developing on formation of…
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Initial signs of reversal need confirmation on break above key barriers
Sterling rallied 0.5% in Asia / early Europe on Wednesday, in extension of Tuesday’s rebound from sub-1.20 levels, driven by fresh Brexit optimism.
UK parliament’s vote on Tuesday opened way for another Brexit delay, with rising opposition…
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Sterling rebounds after brief probe below 1.20 as traders await parliament’s action
Sterling bounced to the levels near 1.21 barrier, making a probe below psychological 1.20 support (the pair dipped to 1.1958) short-lived for now and signaling that that 1.20 obstacle will not be taken out on first attempt.
Strong rebound…
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