Bears crack 1.30 level and eye pivotal support at 1.2904; US PMI data eyed for fresh signals
Cable cracked 1.30 support in extension of weakness after lower than expected UK service sector PMI in Jan, released earlier today.
Downside pressure increased after Monday’s close below 200SMA and sustained break below 1.30 and rising…
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Bulls remain in play but unable to clearly break above $55.55 pivot
WTI oil holds near new 2019 high, maintaining positive tone despite the double rejection at strong Fibo barrier at $55.55 (38.2% of $76.88/$42.36 fall).
Hopes for further tightening in global oil market keep oil prices supported, with US…
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Pivotal 110 barrier continues to resist
The pair maintains positive tone on Tuesday and holds near strong 110.00 barrier, but so far without clear break higher, despite Monday’s spike to 110.16 (new 2019 high).
Lower volumes in Asia due to holidays slowed the activity, with lack…
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Break below 200SMA risks extension below psychological 1.30 support
Cable holds in red for the fourth straight day and pressures psychological 1.30 support after bearish signal was generated on eventual break and close below key 200SMA support (1.3041) on Monday, as well as completion of failure swing…
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Bears extend into second day as cloud twist attracts
The Euro accelerated lower in early European trading after quiet mode in holiday impacted Asia, keeping in red for the second day.
Mixed results from EU members Services PMI in Jan made little impact on the pair’s performance.
Break below…
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Aussie advances on less dovish than expected RBA, but the downside remains vulnerable
The Aussie dollar bounced after brief test of strong support provided by daily cloud top (0.7205) boosted by less dovish than expected RBA.
The central bank left interest rates unchanged as expected in the first meeting 2019, but sounded…
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Cable retests key 200SMA support after downbeat UK data further weakened near-term structure
Cable remains in red for the third straight day and retests key 200SMA support (1.3045) on Monday, after downbeat UK construction PMI (Jan 50.6, the lowest in 10 months vs 52.4 f/c), further weakened negative near-term sentiment.…
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Extended bulls look for clear break above pivotal $55.55 Fibo barrier
WTI oil maintains positive tone on Monday and hit new 2019 high at $55.65 (upper 20-d Bollinger band) on renewed probe through pivotal $55.55 barrier (Fibo 38.2% of Oct/Dec $76.88/$42.36 fall).
Oil advanced 2.4% on Friday, boosted by…
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Recovery extension pressures pivotal 110 barrier
The pair extends recovery on Monday and pressures pivotal 110 barrier, as rebound after last week’s hammer reversal nearly fully retraced 110.00/108.49 pullback.
Technical studies are bullishly aligned but may lack bullish momentum for…
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Aussie extends pullback after downbeat data; RBA in focus for fresh signals
The Aussie dollar holds in red in early Monday’s trading, maintaining negative near-term tone after last week’s rejection at 200SMA (0.7293) and Friday’s bearish outside day which was negative signal.
Downbeat Australian building approvals…
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