Euro bounces on solid EU data; G20 summit in focus
The Euro jumped in early European trading on Friday, boosted by solid data from EU member countries.
German import prices showed better than expected results in May, French inflation beat expectations, while Spanish data showed that…
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Near-term directionless mode may extend after repeated rejection at range top
The uptrend from early May’s low at 0.8489 shows initial signs of stall, following repeated rejection at 0.8975 (also 18 June high).
Wednesday’s Doji candle signaled indecision, while today’s action remains in red and supports negative…
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Oil price eases from new high on uncertainty ahead of G20 / OPEC meetings
WTI oil price eases on Thursday and probe below broken 200SMA, following Wednesday’s spike to new one-month high at $59.91and subsequent pullback that signaled bulls might be running out of steam.
Oil price advanced after data showed…
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Bears pressure higher base at 14.13 after break below 200SMA
The pair remains in red on Thursday and extends below 200 SMA (14.23), following Wednesday’s clear break through thin daily cloud and marginal close below 200SMA, after the moving average contained several attacks during past five days.…
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Bulls penetrate daily cloud and eye key barriers at 0.7022/41 zone
The Australian dollar maintains firm tone and penetrates thick daily cloud in early trading on Thursday, after false break on Wednesday.
The pair is holding around new 2 ½ week high at 0.6999 and strongly pressuring psychological 0.70…
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Extended bulls cracked important barriers at 108 zone; Trump/Xi meeting eyed for fresh signals
The pair is holding near one week high at 108.16 in early European trading on Thursday, following overnight’s bullish acceleration on news that US and China have a tentative deal.
Extension of Wednesday’s rally broke above important Fibo…
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Gold eases from 6-year high on profit-taking / stronger dollar
Spot gold eases on Wednesday and is on track for the first daily close in red after six days of uninterrupted rally.
Profit-taking after strong rally (boosted by geopolitical tensions and strong signals from Fed about rate cut that hit new…
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Oil price extend advance through strong 100/200SMA barriers
WTI oil maintains bullish firm bullish tone and extends advance through key barriers at $58.80 (converged 100/200SMA on track to form bull-cross) on Wednesday.
The sentiment was boosted by strong draw in US crude stocks (API report on…
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Aussie extends advance, helped by Kiwi’s gains and positive signals from US/China trade talks
The Australian dollar cracked the base of falling and thickening daily cloud (0.6988), in extension of recovery rally from 0.6831 (18 June low) which paused on Tuesday and left long-legged Doji.
Fresh advance was sparked by rally of Kiwi…
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Reversal signal after double-Doji and hammer requires confirmation on close above 107.52 Fibo…
The pair bounces higher in Asia / early Europe on Wednesday, after double-Doji (Fri/Mon) and hammer candle (Tue) signaled that bears are running out of steam and market direction may change.
Reversal of daily RSI and stochastic from…
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