Bears consolidate under broken 1.10 support ahead of German Ifo data
The Euro traded within tight range in Asia on Tuesday, consolidating past two days’ 100-pips fall.
The pair maintains bearish bias after Monday’s close below 1.10 handle (psychological / near Fibo 61.8% of 1.0926/1.1109)…
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Gold extends recovery, boosted by fresh concerns over global growth slowdown
Spot gold extends recovery through $1520 barrier (50% retracement of $1557/$1483) on Monday and tested 12 Sep spike high at $1524.
Fresh advance confirms higher base at $1484 zone and confirms bullish signal generated on Friday’s close…
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Bear-trap and hammer generate initial reversal signals but downside is still at risk
The cross remains in green for the second straight day and returns above 200DMA (0.8836) in attempts to create bullish signal and spark reversal.
Friday’s hammer candle and bear-trap at pivotal Fibo support at 0.8808 (61.8% of …
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Oil price cracks pivotal supports on fresh optimism over Saudi production recovery
WTI oil price changed direction and fell below important supports at $57.66/44 (10DMA / Fibo 61.8% of $53.93/$63.12) on Monday, following the latest news that Saudi Arabia is restore production from oil facilities damaged in attack last…
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Extension of pullback pressures strong support at 107.30
The pair holds in red for the third straight day and extends weakness to two-week low at 107.30 in European trading on Monday.
Safe-haven yen continues to benefit from persisting uncertainty over US/China trade conflict as the latest…
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Downbeat German data push Euro below 1.10 support, increasing risk of retesting key supports
The Euro spiraled below 1.10 handle in early European trading on Monday, hit by downbeat German PMI data (Manufacturing PMI Sep 41.4 vs 44.0 f/c / Services PMI Sep 52.5 vs 54.3 f/c) and lower than expected EU PMI data.
Break of pivotal…
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Renewed Brexit doubts weaken n/t structure and signal deeper pullback
Cable stands at the back foot and cracks pivotal supports at 1.2438/37 (double-bottom of 18/19 Sep, reinforced by rising 10DMA), following last Friday’s strong upside rejection at 1.2582 (new 11-week high) and subsequent quick pullback.…
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Euro eases towards 1.10 support after repeated rejection at trendline resistance
The Euro fell near 1.10 support in mid-European / early US trading on Friday, following repeated upside rejection at bear-trendline, drawn from 1.1412 (25 June high) and reinforced by falling 30DMA.
The US dollar regained traction on…
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Gold price rises above $1500 but larger range is still intact
Spot gold price rose above $1500 handle on Friday, recovering from $1507/ $1483 dip after Fed rate cut.
Widely expected action of the US central bank resulted in rather mild action of the dollar that kept the yellow metal, which usually…
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Consolidation to precede fresh upside while converged 10/100DMA’s hold dips
The pair remains in red in early Friday’s trading and extends weakness on probe through pivotal supports at 107.95/91 (top of thick rising 4-hr cloud / converged 10/100DMA’s.
Thursday’s bearish close (the first after 10 consecutive days…
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