Stronger dollar keeps euro at the back foot in early Tuesday’s trading
The Euro edged lower in early Tuesday’s trading, after two-day recovery stalled at 1.1260 zone, just ahead of 1.1263 pivot (Fibo 38.2% of 1.1323/1.1226).
The single currency came under pressure from broadly higher dollar in thin…
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Recovery extension attempts were limited for now
The Euro stands at the front foot and attempts to extend recovery from last Thursday’s low at 1.1226, following initial positive signal from Friday’s bullish close.
Profit-taking after Thursday’s 0.58% fall could push the price higher, as…
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WTI oil rallied 2.5% in Asia
WTI oil surged 2.5% in Asian session on Monday and hit the highest level in nearly six months.
After being closed for holiday on Friday, oil accelerated strongly at the start of the week, driven by news that the US is preparing to announce…
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Bulls consolidate under new 2-year high
The pair consolidates under new 2-year high at 1.0159, posted on Thursday in extension of strong four-day advance (the pair was up 1.4% on Mon/Thu rally).
Bulls took out psychological 1.0 barrier and former highs at 1.0128 (13 Nov 2018)…
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The Euro is recovering after Thursday’s 0.6% fall
The Euro bounces from new two-week low at 1.1226, posted after Thursday’s 0.6% fall (the biggest one-day loss since 22 Mar).
Bears accelerated after weaker than expected Eu members PMI data on Thursday and were boosted by rally of the…
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Bears are taking a breather above key 200SMA support
Cable consolidates within narrow range above three-week low at 1.2978 in holiday-thinned Friday’s trading.
The pair fell on Thursday, dragged by fresh weakness of Euro on weak EU PMI data, with little help seen from upbeat UK retail sales…
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Euro fell across the board as weak PMI data further soured sentiment
The Euro fell across the board, hit by weaker than expected PMI data from the biggest Eurozone economies.
German data were in focus today, with Manufacturing PMI falling below expectations in Apr (44.5 vs 45.0 f/c).
Also, French…
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WTI eases further but remains within n/t consolidation range
WTI oil extends weakness on Thursday, maintaining negative near-term tone despite stronger than expected fall in US crude inventories (EIA report showed draw of 1.4 mln bls vs forecasted draw of 1.2 mln bls) as smaller than expected fall in…
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Sterling holds in red ahead of UK retail sales
Cable stands at the back foot ahead of release of UK retail sales on Thursday, after being pressured further from weaker than expected UK inflation data and ended Wednesday’s trading in red.
Fresh weakness in past few sessions retested the…
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Positive tone ahead of EU data but key barriers continue to cap
The Euro holds positive tone in early Thursday’s trading and probes again into daily cloud, despite Wednesday’s strong upside rejection at 1.1323 and repeated daily close below cloud base / 55SMA (1.1303/05).
Fourth consecutive failure to…
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