Weak US jobs data soured dollar’s sentiment and increased risk of Fed rate cut
The US dollar fell sharply across the board on disappointing US jobs data on Friday.
Non-farm payrolls showed only 75K new jobs in May (the lowest since Feb) vs promising 185K consensus and downward-revised April’s figure at 224K.
The…
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Initial signs of reversal but the downside to remain vulnerable while 10SMA caps
WTI oil priced rose to new-week high on Friday, in extension of strong rally previous day, sparked by report that US tariffs on Mexico might be delayed.
Additional support to oil price came on Friday from comments of Saudi oil minister,…
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Pound remains bid but lacks direction; US jobs data eyed for fresh signals
Cable remains constructive in early Friday’s trading, modestly supported by surprise results of election in eastern England and better than expected UK May housing data, released this morning
Fresh upside attempts remain for now capped by…
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Near-term action remains within thick daily cloud and eyes US jobs data for fresh signals
The Euro is holding in a quiet mode in early Friday’s trading and awaiting US jobs data due later today, for fresh signals.
Trading in US session on Thursday was highly volatile after ECB, as the pair moved within 100-pips range after…
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Near-term bias remains with bulls but needs further evidence for confirmation
The Australian dollar regains traction on Thursday and pressures psychological 0.70 barrier, with near-term action being supported by broken 30SMA (0.6957).
Wednesday’s close in red after repeated failure to close above cracked double-Fibo…
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Bears in extended consolidation look for fresh signals from ECB and US jobs data
The pair eases on Thursday after limited recovery was capped by falling 5SMA as threats of deepening trade conflict continue to fuel safe-haven buying and support yen.
The near-term action holds within 107.80/108.50 zone, held by huge…
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Near-term action holds between 10 and 20SMA’s and looks for signal on break of either side
Cable is consolidating above two-day low at 1.2668, reinforced by 10SMA and awaiting fresh signal from today’s ECB policy meeting.
Recovery leg from 1.2559 low stalled at 1.2743 (capped by falling 10SMA) and subsequent pullback resulted in…
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The Euro consolidates above key supports after strong upside rejection, ECB policy meeting eyed for…
The Euro attempts to stabilize above 55SMA (1.1214) after Wednesday’s strong upside rejection (1.1306) and subsequent pullback that left bearish daily candle with long upper shadow.
Repeated failure to clear key barriers, provided by daily…
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Spot Gold spikes to 3-mth high on risk aversion and signals of Fed rate cut
Spot gold spiked to three-month high at $1344 on Wednesday, extending strong rally from last Thursday’s low at $1275 and approaching key short-term barrier at $1346 (2019 high, posted on 20 Feb).
Fresh advance is on track to fully retrace…
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Loonie advances further on dovish Fed and downbeat US ADP jobs data
The pair holds firmly in red and extends weakness for the third straight day, to crack pivotal Fibo barrier at 1.3375 (38.2% of 1.3068/1.3564) on Wednesday.
The greenback fell across the board on dovish steer from Fed and was additionally…
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