Spot gold stands on front foot and focuses US/China trade talks
Spot gold remains steady and holding just under new three-week high at $1291, supported by renewed risk-off sentiment over concerns about potential escalation of US/China trade conflict.
Today’s comment from officials that the US will…
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WTI stands at the back foot despite rising tensions over Iran’s nuclear deal
WTI oil eases after recovery attempts in Asian / European session stalled at $62 zone, keeping the action in red for the second straight day, despite threats of escalation of the situation about Iran’s nuclear deal, as concerns over…
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Brexit uncertainty keeps sterling firmly in red
Cable remains in red for the third straight day and extends weakness below daily cloud, following bearish signal that was generated on Tuesday marginal close below cloud base.
More negative impact can be expected on expected on lack of…
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Bears eye key support at 109.71 after cracking psychological 110 level
The pair consolidates above new six-week low at 109.90, posted in extension of strong fall on Tuesday (0.45%), but remains firmly in red, following strong bearish signal, generated on Tuesday’s close below important supports at 110.34/31…
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Kiwi hit new 2019 low after RBNZ rate cut
The Kiwi dollar fell to new six-month low at 0.6525 on Wednesday after the New Zealand central bank (RBNZ) cut interest rates by 25 basis points to fresh record low at 1.5% and hinted one more rate cut this year.
Spike to new low was…
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EC downgrades outlook and sends Euro lower
The Euro stands at the back foot at the beginning of US trading on Tuesday, as the weakness started in early European session on weaker than expected German data and accelerated after the European Commission in its report, downgraded…
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Directionless n/t mode extends as signals remain mixed
WTI oil holds in narrow range directionless mode on Tuesday, following Monday’s strong rejection at converged 200/55SMA’s ($60.64/49) and repeated failures to close below cracked Fibo pivot at $61.40 (61.8% of $58.20/$66.58 upleg).
This…
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Turkish lira falls further on political turmoil
Turkish lira fell further on Tuesday and hit new 2019 low against the dollar, trading at the lowest since early Oct 2018.
Lira was down 3.5% since Monday’s opening, with fresh selling being sparked by decision of Turkey’s election board to…
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Monday’s gap remains unfilled and keep n/t focus shifted lower
The pair stands at the back foot but still directionless after Monday’s action faced strong rejections on both sides.
Monday’s gap remains unfilled, keeping near-term bias with bears, as negative signals were boosted by close below…
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Extended consolidation within daily cloud awaits fresh Brexit news
Cable holds in choppy and directionless mode within daily cloud following Monday’s pullback from new one-month high and close in red.
Huge bullish daily candle from last Friday when pound surged on renewed hopes for Brexit deal, continues…
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