Bears remain fully in charge and eye key 1.2500 support zone
Tuesday’s speech of BoE Governor Carney further soured the sentiment, keeping the pair in red for the third day.
Carney pointed at negative impact on growth, driven by trade conflict, lower than expected inflation and political uncertainty…
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Bears are taking a breather above 14.00 support; negative outlook below 200DMA
The pair is consolidating above psychological 14.00 support, from where four-day fall faced headwinds.
Break below higher base at 14.13 was bullish signal, reinforced by optimism over global trade salutation and signals of Fed rate cut…
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Oil price eases but remains within four-day congestion that limits downside risk
WTI oil eases on Tuesday after four consecutive failures to close above falling 55DMA and Monday’s rejection at $60.27 (five-week high), followed by close below cracked psychological $60 barrier.
Strong bullish momentum still exists, but…
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Bears are taking a breather above thick daily cloud
The Euro is consolidating above the top if thick daily cloud, which was cracked on today’s attempts to extend Monday’s strong fall (the pair was down 0.65% for the day).
Bears are taking a breather before fresh attempts lower as agreement…
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Sterling extends weakness after downbeat UK data
Cable remains in red on Tuesday and extends weakness after Monday’s fall on downbeat UK Manufacturing PMI (June 48.0 vs 49.2 f/c) and close below three-day congestion that generated bearish signal.
Sterling came under fresh pressure from…
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Bulls stay on hold while 30DMA caps; risk of deeper pullback exists
The pair eases in early European trading on Tuesday after falling 30SMA (currently at 108.44) repeatedly capped advance that was accelerated on Monday on US/China ceasefire agreement.
Bulls lose traction despite Monday’s close above…
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Holding within thick daily cloud keeps larger bulls alive
The Australian dollar bounced from 0.6956 (Monday’s low, posted after the biggest one-day loss since 24 Apr) in early Asian trading on Tuesday.
Monday’s pullback from new recovery high at 0.7034 (capped by daily cloud top / 100DMA) was…
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Aussie pulls back from new two-month high ahead of expected RBA rate cut
The Australian dollar pulls back after rallying in past nine days, as advance was capped by daily cloud top / 100DMA (0.7035) and sentiment changes ahead of RBA rate decision, due early Tuesday.
Majority of economists tip for 0.25% rate…
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Oil price rallies through $60 on improved sentiment
WTI oil probes above psychological $60 barrier for the first time in over five weeks on Monday, boosted by ceasefire between US and China and willingness to continue trade talks and signals that OPEC+ group is likely to extend supply cut…
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Improved sentiment pushes lira higher through important barriers
Turkish lira advanced to nearly one-month high against US dollar, following Monday’s opening with five-figure gap and extension through 100DMA (5.7090).
Fresh optimism on comments from President Erdogan that there will be no sanctions on…
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