Euro bears were frustrated by mixed US data but more evidence is needed to signal reversal
The EURUSD stayed at familiar levels following choppy reaction on today’s key event, release of US Q1 GDP data.
Surprise acceleration of US growth in the first three months in 2019 (3.2% vs 2.2 prev and 2.0% f/c) was positive signal.
The…
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Extended pullback tests important 20SMA support
WTI oil price holds in red for the third straight day and extends pullback from new 2019 high into third straight day.
Weekly chart initial signs of stall of larger uptrend, on bearish divergence on overbought weekly stochastic and…
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Limited recovery after long-legged Doji awaits fresh signals from US GDP data
Cable holds slight positive tone in early Friday’s trading after larger bears showed indecision, as Thursday’s action ended in long-legged Doji.
Recovery attempts stay for now capped by broken Fibo 76.4% support at 1.2916 (also Thursday’s…
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Bears take a breather above new 22-mth low ahead of US data
The Euro is consolidating above new multi-month low at 1.1118 (also low of 20 Jun 2017) on Friday, following strong bearish acceleration in past three days, when the single currency lost 1.1%.
Broadly stronger dollar keeps the Euro under…
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Aussie consolidates around 0.70 handle after 1.24% fall
The Aussie dollar consolidates around 0.70 handle, following attempt through this important support which resulted in posting the lowest since 3 Jan at 0.6992.
Bears hold grip after Wednesday’s 1.24% fall (the biggest one day losses since…
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Strong dollar keeps sterling under increased pressure
Bears pressure new ten-week low at 1.2886 in early Thursday’s trading, as fresh bearish signal, in addition to Tue’s break of key 200SMA, was generated on Wednesday’s close below Fibo support at 1.2916 (76.4% of 1.2772/1.3381).
There are…
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Consolidation after 0.66% fall to precede further weakness
The Euro remains in red and looks for retest of Wednesday’s low at 1.1140 (the lowest since mid-June 2017), posted after strong bearish acceleration which marked daily fall of 0.66%.
Wednesday’s break and eventual close below pivotal Fibo…
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Near-term focus turns lower after post-BoJ weakness
The USDJPY pair fell in Asia and extends weakness at the beginning of European session on Thursday after Bank of Japan kept interest rates unchanged and said it would keep ultra-low rates at least until Q1 2020.
The central bank also…
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Loonie falls further after BoC lowered tone / forecasts
The pair surged above 1.35 barrier, hitting levels last traded in early January, after Bank of Canada kept interest rates unchanged at 1.75% but changed rhetoric about need for future rate hikes and lowered its growth forecast for 2019.…
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WTI takes a breather after hitting fresh 2019 high
WTI oil price consolidates under new 2019 high at $66.58 (posted on Tuesday) as bulls started to reduce pace on reports that oil markets remain adequately supplied, despite sanctions on Iran and OPEC+ output reduction.
Surprise build of US…
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