Upbeat UK earnings inflate sterling but bulls continue to struggle at daily cloud base
Cable regained traction and bounced from session low at 1.2306, hit on pre-UK jobs data 70-pips drop, as overall positive data inflated pound.
Earnings rose 4% in July vs 3.7% f/c, showing the biggest pay rise since 2008, while…
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The pair remains stuck between falling 20DMA and 1.10 support, ECB policy meeting eyed for fresh…
Bulls continue to struggle at 1.1049 Fibo barrier (38.2% of 1.1249/1.0925) on Tuesday, with gains being repeatedly capped by falling 20DMA (1.1062).
Near-term action holds in directionless mode for the fourth straight day, with…
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Bulls face strong headwinds from daily cloud; UK jobs data in focus
Cable maintains firm tone and pressures Monday’s six-week high (1.2384) in early European trading on Tuesday.
Lowered risk of no-deal Brexit continues to boost sterling after UK bill that blocks divorce without deal became law.
Cable…
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Turkish lira stands at the back foot ahead of CBRT’s meeting on Thursday
The pair holds in green for the third straight day after last week’s bulls’ stall and subsequent pullback was contained by daily cloud base / 30DMA on Wed/Thu.
Fresh advance comes in mixed technical environment as daily momentum is…
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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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