Bulls are taking a breather under key barriers after 1% advance
Cable is consolidating under new recovery high at 1.2558, posted after Thursday’s nearly 1% advance (the biggest one-day rally since 3 May).
Upbeat UK retail sales inflated pound with further acceleration higher being sparked by dovish Fed…
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Bullish bias above daily cloud but key barriers still cap
The Euro stays bid and holding under session high at 1.1281 in early European trading after overnight’s dip was contained by converged 10/55 DMA’s / daily cloud top (1.1242).
The single currency rallied strongly in late Thursday on dovish…
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Formation of reversal pattern on daily chart signals deeper pullback
The cross dips below 0.90 handle (reinforced by rising 10DMA) as pound was inflated by strong UK retail sales data and the single currency got hurt by renewed political turmoil in Italy.
Bulls also showed signs of stall on Wednesday’s Doji…
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Oil prices rises slightly on renewed geopolitical tensions but remains biased lower
WTI oil price bounced from new two-week low at $56.20 on Thursday, boosted by renewed tensions in the Persian Gulf after Iran seized a foreign tanker in the strait of Hormuz.
Oil price was down nearly $5 in past few sessions, following…
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Upbeat retail sales inflate pound but risk of recovery stall exists
Cable accelerated higher on Thursday, extending recovery off new 27-month low at 1.2382, boosted by stronger than expected UK retail sales data.
Retail sales were up 1% in June, beating forecast of -0.3%, while annualized figure was up…
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Bounce off 1.12 extends but risk of recovery stall exists
The Euro extends rebound from strong 1.12 support zone into second day and generated initial positive signals on probe through thin daily cloud and a cluster of converged daily MA’s.
Recovery needs more evidence for stronger upside signal,…
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Aussie attacks again key barriers after positive jobs data
The Australian dollar moved higher in Asia on Thursday, boosted by Australian jobs data and probed again above strong barriers at 0.7035/36 (daily cloud top / weekly cloud base).
Full-time employment data showed strong rise in June (21.1K…
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The cross holds above 0.90 level but risk of pullback on profit-taking exists
The cross is attempting to establish above broken psychological 0.90 level after hitting new high at 0.9050 (the highest since 11 Jan) on Wednesday.
Steep 2 ½ month uptrend accelerated on Tuesday and closed above 0.90 barrier for the first…
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WTI recovers after 3% fall and focuses on crude inventories for fresh signals
WTI oil price moved higher and probes above $58 level on Wednesday, after falling 3% Tuesday on news that US President Trump is considering talks with Iran.
Oil price was also under pressure from API report, released late on Tuesday which…
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Psychological 0.70 support holds dips ahead of Australian jobs data
The Australian dollar stands at the back foot in European session on Wednesday, following repeated failure at key barriers at 0.7035/36 (daily cloud top / base of thick weekly cloud), as Tuesday’s action stalled at 0.7044, ticks below…
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