Aussie remains firmly in red on fears of another RBA rate cut
The Australian dollar extends steep five-day fall and probes below 0.6900 handle on Friday, pressured by fears of another RBA rate cut next month.
Weaker than expected Chinese IP added to negative outlook, as markets await for release of…
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Negative bias after bull-trap
The pair holds in red in European trading on Friday and maintaining negative near-term bias after Mon/Tue bull-trap.
Rising bearish momentum and daily MA’s in negative setup, support scenario as fresh weakness repeatedly probed below…
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Bears may extend to 1.12 zone on firm break below daily cloud top/100SMA
The Euro is consolidating around key supports on Friday, after two-day fall closed marginally below daily cloud top (1.1279) and found footstep at 100SMA (1.1270).
Fresh bears emerged after double upside rejection just under 200SMA (the…
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Cable holds near week’s lows as Brexit concerns continue to weigh
Cable stands at the back foot on Friday, holding in red for the third consecutive day, weighed by rising expectations that Boris Johnson will be UK’s next Prime Minister.
Johnson supports the idea that Britain needs to leave the EU on 31…
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Spot gold surges to new 2019 highs
Spot gold accelerated higher in early European trading on Friday and eventually broke above former 2019 high at $1346 (20Feb) to hit the highest levels in fourteen months.
The yellow metal extends strong rally into third straight day,…
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Oil price holds in red on rising concerns about slowdown in demand
WTI oil holds in red for third straight day and retests cracked key Fibo support at $51.61 (61.8% of $42.36/$66.58 ascend).
Fresh weakness retraces the largest part of $50.59/$54.79 corrective action, which was capped by falling 10SMA on…
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Fresh weakness threatens of attack at key 20SMA support
The Australian dollar falls further in European session on Wednesday after Monday’s strong fall consolidated within narrow range on Tuesday.
Fresh weakness probes again below 30SMA (0.6948), with firm break to threaten test of key supports…
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Fresh weakness emerges after bulls were trapped above 10SMA
The pair dips on fresh risk-off mode on US/China trade war fears, after bulls were trapped on repeated failure above falling 10SMA.
Fresh weakness marked over 50% retracement of 107.81/108.80 recovery leg and broke below 5SMA (108.35),…
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Bulls eye 200SMA but consolidation may precede final break
Bulls fully regained control after shallow pullback and pressure last Friday’s 2 ½ month high / 200WMA (1.1347), with key barriers at 1.1364 (200SMA) and 1.1377 (Fibo 38.2% of 1.1815/1.1107) being in focus, as weak dollar adds to bullish…
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Cable extends higher on positive Brexit signals / upbeat earnings
Cable maintains positive tone from Tuesday’s upbeat UK earnings figures and weak dollar and extends advance in early European trading on Wednesday.
Improved daily techs on lift above 5;10;20SMA’s and fresh bullish momentum support the…
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