Oil price collapses on rising fears of trade war impact and increased output
WTI oil fell sharply on Tuesday (the contract was down 3.5% until early US trading), as rising fears over negative impact of trade war and higher OPEC production, increase pressure on oil price.
The oil holds firmly in red for the third…
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Lira advances after bigger than expected inflation drop
The Turkish lira firmed on Tuesday as inflation drops (Aug CPI 15.01% vs 15.51% f/c, 16.65% July).
The USDTRY pair fell to the lowest in 1 ½ week, following multiple upside rejections under the top of falling daily cloud.
Fresh easing…
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Aussie rises after unchanged RBA; mixed data
The Australian dollar advances on Tuesday after RBA left interest rates unchanged in expected action, with fresh upside being underpinned by upbeat current account data (Q2 surplus A$5.9B vs A$1.4B f/c and Q1 deficit of A$1.1B) that offset…
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Bears extend into seventh straight day but consolidation may precede extension towards target at…
The Euro hits new lowest levels since mid-May 2017 in early European trading on Tuesday, holding in red for the seventh straight day.
Bears received fresh boost on break of psychological 1.10 support, with the single currency being also…
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The pound falls to three-year lows ahead of Brexit battle in UK parliament
Cable broke below psychological 1.20 support in early European trading on Tuesday, as persisting Brexit turmoil maintains negative sentiment and keeps pound under strong pressure.
The pair hit new lowest level since early Oct 2016 and…
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Bears take a breather above key Fibo support
WTI oil price is holding in sideways mode on Monday, contained by important Fibo support at $54.45 (61.8% of $52.95/$56.88) and consolidating after Friday’s strong fall.
Escalation of US-China trade war increases pressure on oil price as…
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Bias remains with bears as trade conflict escalates
The Australian dollar stands at the back foot on Monday and attempts to continue descend off 0.7000 zone after last week’s action ended in long-legged Doji candle.
Escalation of trade war offsets mixed data from Australia and upbeat…
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Risk-off mode is on hold but lack of stronger direction signals is evident
The pair is holding well above 106 handle which was cracked in early Asian trading on quick dip to 105.91, as firmer dollar in Europe on Monday, offsets risk-off signals on fresh taxes that US and China imposed to each other during the…
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Strong bearish bias below 1.10 pivot
The Euro stays in red on Monday but trading within narrow range, following last 1.45% fall and weekly close below psychological 1.10 support, which was taken out on Friday.
The sentiment remains negative on rising concerns about German…
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Pivotal Fibo support holds but bears continue to focus key 1.20 support zone
Cable stays in a quiet, narrow range mode in early Monday’s trading, holding for the second day above significant Fibo support at 1.2127 (61.8% of 1.2015/1.2309) as market participants await fresh news.
Political uncertainty and rising…
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