Bulls stay on hold while 30DMA caps; risk of deeper pullback exists
The pair eases in early European trading on Tuesday after falling 30SMA (currently at 108.44) repeatedly capped advance that was accelerated on Monday on US/China ceasefire agreement.
Bulls lose traction despite Monday’s close above…
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Holding within thick daily cloud keeps larger bulls alive
The Australian dollar bounced from 0.6956 (Monday’s low, posted after the biggest one-day loss since 24 Apr) in early Asian trading on Tuesday.
Monday’s pullback from new recovery high at 0.7034 (capped by daily cloud top / 100DMA) was…
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Aussie pulls back from new two-month high ahead of expected RBA rate cut
The Australian dollar pulls back after rallying in past nine days, as advance was capped by daily cloud top / 100DMA (0.7035) and sentiment changes ahead of RBA rate decision, due early Tuesday.
Majority of economists tip for 0.25% rate…
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Oil price rallies through $60 on improved sentiment
WTI oil probes above psychological $60 barrier for the first time in over five weeks on Monday, boosted by ceasefire between US and China and willingness to continue trade talks and signals that OPEC+ group is likely to extend supply cut…
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Improved sentiment pushes lira higher through important barriers
Turkish lira advanced to nearly one-month high against US dollar, following Monday’s opening with five-figure gap and extension through 100DMA (5.7090).
Fresh optimism on comments from President Erdogan that there will be no sanctions on…
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Fresh bulls lack momentum for break through pivotal barriers
The pair opened with gap-higher on Monday, boosted by US/China deal and developments in talks with North Korea that boosted risk appetite.
Fresh bulls hit two-week high at 108.53, where falling 30SMA capped advance for now.
Improved…
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Reversal pattern is forming on both, daily and weekly chart
The Euro fell 0.3% in Asia / early European trading on Monday, as US/China ceasefire deal boosted dollar.
The single currency holds in red at the first day of week / month and quarter and generates initial negative signals as two-legged…
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Loonie advances after solid data but key supports hold for now
The pair dipped to new multi-month low at 1.3068 (also low of 1 Feb) on Friday, following stronger than expected Canada’s GDP (Apr 0.3% m/m vs 0.1% f/c) which additionally boosted the loonie.
The pair holds in steep descend for the past…
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Extended directionless mode looks for a catalyst
Cable is holding within narrow range on Friday, showing mild reaction on UK data (Q1 GDP came in line with expectations / previous, while trade deficit widened significantly in Q1 but fell below expectations).
The action in past two days…
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Bulls pressure key resistance zone but risk of stall exists
The Australian dollar extends advance above psychological 0.70 barrier on Friday, as bulls remain uninterrupted in expectations of a positive outcome of Trump / Xi meeting in G20 summit.
Bulls approach very strong resistance zone between…
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