Bulls hold grip but stay capped below key Fibo barrier
The Euro remains constructive in European trading on Thursday as Tuesday’s long-tailed hammer and Wednesday’s long bullish daily candle underpin the action, but bulls face strong headwind from pivotal barrier at 1.1049 (Fibo 38.2% of…
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Bulls are taking a breather after impressive rally and awaiting fresh signals
Sterling eases from one-week highs in early Thursday as traders booked profits after Wednesday’s 1.44% advance (the biggest one-day gains since 13 Mar).
Strong rally on renewed optimism on avoiding hard Brexit emerged after unsuccessful…
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WTI oil bounces strongly on profit-taking; solid China’s data
WTI oil changes direction on Wednesday and bounces after three-day fall that hit 3 ½ week low at $52.82 on Tuesday.
The oil price advanced 2.8% in Asia / Europe on Wednesday, as sentiment improved on data released overnight that showed…
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Strong rebound extends into second day and eyes key barriers
The Australian dollar extends strong recovery, which was sparked by unchanged RBA on Tuesday and approaches round-figure barrier at 0.6800 (also 21 Aug high) in European trading on Wednesday.
Australian Q2 GDP data were released on…
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Solid data boost recovery to attack pivotal Fibo barrier
Fresh recovery acceleration cracked psychological 1.10 barrier and pressures pivotal Fibo barrier at 1.1016 (38.2% of 1.1163/1.0925), break of which would generate bullish signal and to positive tone that is developing on formation of…
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Initial signs of reversal need confirmation on break above key barriers
Sterling rallied 0.5% in Asia / early Europe on Wednesday, in extension of Tuesday’s rebound from sub-1.20 levels, driven by fresh Brexit optimism.
UK parliament’s vote on Tuesday opened way for another Brexit delay, with rising opposition…
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Sterling rebounds after brief probe below 1.20 as traders await parliament’s action
Sterling bounced to the levels near 1.21 barrier, making a probe below psychological 1.20 support (the pair dipped to 1.1958) short-lived for now and signaling that that 1.20 obstacle will not be taken out on first attempt.
Strong rebound…
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Oil price collapses on rising fears of trade war impact and increased output
WTI oil fell sharply on Tuesday (the contract was down 3.5% until early US trading), as rising fears over negative impact of trade war and higher OPEC production, increase pressure on oil price.
The oil holds firmly in red for the third…
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Lira advances after bigger than expected inflation drop
The Turkish lira firmed on Tuesday as inflation drops (Aug CPI 15.01% vs 15.51% f/c, 16.65% July).
The USDTRY pair fell to the lowest in 1 ½ week, following multiple upside rejections under the top of falling daily cloud.
Fresh easing…
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Aussie rises after unchanged RBA; mixed data
The Australian dollar advances on Tuesday after RBA left interest rates unchanged in expected action, with fresh upside being underpinned by upbeat current account data (Q2 surplus A$5.9B vs A$1.4B f/c and Q1 deficit of A$1.1B) that offset…
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