Range-trading extends into second week in absence of stronger direction signals
WTI oil price is trading within narrow range on Monday and extending directionless mode into second week.
Talks between Iran and major powers over the weekend ended in overall positive tone that increased pressure on oil price, but…
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Extended consolidation likely to precede fresh attack at key 1.11 support zone
The Euro holds in extended consolidation above new 2019 low (1.1101) but remains biased lower, following limited upside action and technical studies in full bearish setup.
Bears look for eventual break through cracked key 1.11 support zone…
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Bears extend to new 28-mth low as fears of no-deal Brexit scenario maintain pressure
Cable remains firmly in red and fell to new 28-month low in early Monday’s trading, following bearish signal from Friday’s marginal close below former low at 1.2382 (17 July).
Fears of no-deal Brexit under new PM Boris Johnson remain main…
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Aussie breaks below thick daily cloud on increased pressure after solid US data
The AUDUSD pair extends steep fall into sixth straight day and accelerated to new over two-week low after better than expected US data.
Bears broke below important Fibo support at 0.6927 (61.8% of 0.6831/0.7082 ascend) and probed below the…
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Breach of triangle support shifts focus lower
Cable remains biased lower following double upside rejection under falling 20DMA (1.2508) and fresh probe below triangle support line (1.2448), with bearish daily studies supporting scenario.
Initial enthusiasm after Boris Johnson became…
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Consolidation under 1.12 barrier to precede fresh attack at key 1.11 support zone
The Euro is holding within narrow range above new 2019 low in early Friday’s trading, after Thursday’s post-ECB roller-coaster action ended in long-legged Doji candle, signaling strong indecision at key 1.11 support zone.
The ECB kept…
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Euro on roller-coaster after unchanged ECB; less dovish than expected Draghi
The Euro fell to new 2019 low at 1.1101 in strong bearish acceleration after the ECB stayed on hold in today’s meeting, changed its forward guidance and pointed towards more efforts to push inflation towards its 2% target.
The ECB expects…
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Bears extend on dovish RBA and crack bull-channel support line
The AUDUSD fell to new two-week low Thursday, extending weakness into fifth straight day, following comments from RBA Governor Lowe, who said that it was reasonable to expect an extended period of low interest rates.
Fresh weakness cracked…
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Near-term action remains volatile and without clear direction
Cable is holding within tight range and maintaining positive tone on fresh optimism after Boris Johnson took office as Britain’s new PM that temporarily overshadows fears of no-deal Brexit.
Talks about new deal, referendum, election or…
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Firm bearish tone persists ahead of ECB
The Euro remains in red and moved lower in early European trading on Thursday, awaiting today’s key event, ECB interest rate decision.
Negative sentiment was soured further by weak PMI data from EU members, with focus on the strongest…
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