Euro eases on soft tone from Draghi, stronger dollar after inflation data
The Euro fell over 50 pips after data on Wednesday, pressured by stronger dollar and soft tone from ECB President Draghi in the press conference that followed policy meeting.
The European Central Bank left interest rates unchanged, as…
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Consolidation under new high awaits US data for fresh signal
WTI oil price remains constructive and holding near five-month high on Wednesday, despite Tuesday’s Doji candle which signaled indecision.
Tightening supply on fresh concerns about the situation in Libya, OPEC production cut and US…
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Renewed strength attacks again key daily cloud top barrier
The Aussie dollar rallied on Wednesday after neutral tone from RBA Deputy Governor Debelle’s speech that disappointed those expecting more dovish stance.
Adding to positive tone was release of upbeat Australian consumer sentiment (Apr 1.9%…
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Recovery stays capped under pivotal barriers ahead of key events
The Euro holds within narrow range ahead of today’s key events, ECB, Fed minutes and Brexit decisions, which are expected to give fresh direction signals.
The European Central Bank policy meeting might be a non-event as the policy remains…
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Slight positive tone ahead EU summit, UK data
Cable regained traction and moves higher in early European trading on Wednesday after Tuesday’s strong upside rejection at daily cloud top and daily action ending in Doji candle with long upper shadow.
All eyes are on today’s EU summit on…
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USDJPY cracks strong support on fresh weakness driven by trade fears
Fresh trade fears pushed the dollar lower to crack pivotal supports at 111 zone in early US session trading on Tuesday, following the latest threats of US President Trump on imposing tariffs on imports from the EU, just a day after US…
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WTI hits new multi-month high as violence in Libya further boosts
WTI oil extends advance to new five-month high at $64.77 on Tuesday, additionally boosted by threats for further supply tightening on rising violence in Libya.
Monday’s close above 55WMA ($62.82) was bullish signal, with today’s extension…
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Extended bulls pressure key barriers
The Aussie dollar extends advance on Tuesday, driven by weaker US dollar on fresh risk sentiment also supported by stronger that expected Australian data, released overnight.
Monday’s eventual close above 55SMA (0.7117) which limited the…
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Massive daily cloud continue to underpin and limited correction to precede fresh upside
The pair extends pullback from 111.82 high on Tuesday, following bearish signal from Monday’s marginal close below 200SMA and formation of reversal pattern on daily chart.
Repeated close below 200SMA is needed to confirm near-term…
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Bulls pressure key barriers but risk of recovery stall exists
The Euro stood at the front foot in Asia on Tuesday, maintaining positive tone following Monday’s 0.4% advance that eventually broke and closed above significant barrier at 1.1246 (Fibo 23.6% of 1.1448/1.1183 fall).
Fresh bulls pressure…
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