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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Bears face headwinds from strong 1.12 support zone but outlook remains negative
The Euro is consolidating above new one-week low at 1.1199, following 0.42% fall on Tuesday, when the single currency was dragged by weaker pound.
Fresh bears cracked important s 1.12 support zone, but faced strong headwinds and holding…
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Sterling hits 27-month low in extension of Brexit-fears driven fall
Cable broke through 1.24 handle and 2019 low at 1.2397 in early European trading on Wednesday and hit new 27-month low in extension of strong fall on Tuesday, when the pair was down almost 0.9%, in the biggest one-day fall since 28 Mar.…
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WTI price extends consolidation after bulls stalled at key Fibo barrier
WTI oil price managed to regain traction and edge higher on Tuesday after Monday’s fall was contained by 100DMA ($59.31).
Larger uptrend from $50.59 low showed initial signs of stall at important Fibo barrier at $60.47 (61.8% of…
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Euro extends lower, dragged by weak pound
The Euro accelerates lower in early US session trading on Tuesday, dragged by weak pound, with stronger dollar, creating an additional pressure on the single currency.
Fresh weakness from 1.1285/84 double-top (where recovery was repeatedly…
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Sterling extends weakness after strong earnings data failed to spark stronger recovery
Cable extends weakness below 1.25 handle on Tuesday and pressures key support at 1.2439 (9 July low, the lowest since 3 Jan).
The price showed mild reaction on UK jobs data as earnings rose in May (3.4% vs 3.1% prev and 3.2% f/c) in the…
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Euro eases from key barriers on better than expected US data
The Euro moves lower in early US trading on Friday as stronger than expected US PPI data inflated dollar.
The pair repeatedly failed to close above strong 1.1254/85 resistance zone (100DMA / broken bull-trendline / converged 20/30DMA’s)…
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