Oil price eases from new 2019 high but bulls look for further extension
WTI oil eases from new 2019 high at $66.17, as dollar rallies at the beginning of US session on Tuesday.
Oil prices received strong boost from decision of the US administration to end temporary exemptions on buying Iranian oil.
Signal of…
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Aussie eases below important supports
The Aussie dollar extends bear-leg from 0.7205 on Tuesday and broke through important supports at 0.7128 (20SMA / Fibo38.2% of 0.7003/0.7205) and 30SMA (0.7116).
Reduced risk appetite on weaker Chinese equities and firmer greenback, add to…
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Converged 20/200SMA’s continue to strongly underpin near-term action
The pair recovered quickly from overnight’s drop to 111.65 and holding within tight range between 10SMA (111.83) and psychological 112 barrier in European trading on Tuesday.
Dip-buying after overnight’s selling by Japanese exporters,…
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Bears remain on hold above key 200SMA support
Cable rises towards 1.30 barrier early European trading on Tuesday after bears faced strong headwinds from key 200SMA support (1.2967, reinforced by converging 100SMA).
Markets are regaining pace after holidays and UK parliament is back to…
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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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