Turkish lira comes under pressure after CBRT’s action provided temporary relief
The pair returned to strength and rallied back above 200SMA on Thursday, extending recovery into second straight day, following strong fall on Mon/Tue, when it was down 6.5%.
Turkish central bank took a number of ‘back door’ steps in order…
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Cable extends weakness below 30SMA, weighed by massive uncertainty
Cable remains in red in early European session on Thursday, following previous day’s strong upside rejection and subsequent fall that resulted in bearish daily close after two consecutive Dojis.
Fresh weakness broke below three-day…
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Cable changes near-term direction but remains within the range ahead of UK parliaments’ vote
Cable stands at the front foot at the beginning of US session on Wednesday and rises above 10SMA (1.3220) in attempts to eventually register clear break, after upticks in past four days repeatedly failed to close above the moving…
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Aussie dips below 0.7100, pulled by Kiwi’s fall
The Aussie dollar returns below 0.7100 handle on Wednesday, hit by dovish shift of RBNZ.
Fresh weakness fully reversed previous day’s rally and retraced over 61.8% of two-day 0.7065/0.7147 rally.
Bullish signal on Tuesday’s…
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Bears are positioning for fresh weakness
The Euro bounces from new 2 ½ week low at 1.1246, posted earlier today, in extension of Tuesday’s 0.4% fall that generated bearish signal on close below important Fibo support at 1.1280 (61.8% of 1.1176/1.1448 upleg).
Bears are…
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Kiwi may extend sharp fall sparked by surprise dovish shift from RBNZ
The Kiwi dollar attempts to consolidate at 0.6800 zone after overnight’s 1.6% fall, sparked by surprisingly dovish shift from the RBNZ.
The central bank kept its official cash rate unchanged at 1.75% in its today’s monetary policy meeting,…
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Extended directionless mode ahead of MP’s vote on Brexit
Cable remains in directionless mode for the third straight day and awaiting fresh signals from today’s UK parliament meeting.
UK lawmakers are going to wrest control of Brexit and try to break the deadlock and push things…
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Softer risk sentiment after weak US housing data sends Euro lower
The Euro accelerated lower in early US session on Tuesday and pressures key Fibo support at 1.1280 (61.8% of 1.1176/1.1448) as weaker than expected US housing data turned existing risk mode down.
US building permits fell 1.6% in Feb,…
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Oil price regains traction after shallow pullback
WTI oil price rises on Tuesday after shallow pullback from new 2019 high at $60.37 found footstep and managed to close twice above cracked 10SMA (currently at $58.87), keeping broader bulls intact.
Limited pullback was price…
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Aussie extends recovery, fresh risk mode supports advance
The Aussie dollar extends higher on Tuesday after Monday’s recovery managed to close above a cluster of daily MA’s (between 0.7085 and 0.7101) and generated positive signal.
Fresh extension higher cracks pivotal barriers at…
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