Aussie extends weakness after bulls were strongly rejected
The Aussie dollar remains in red on Friday and cracks significant technical support at 0.7095 (converged 10/20SMA’s, following strong upside rejection on Thursday.
Recovery leg from 0.7003 (08 Mar low) stalled at strong barriers…
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Pivotal supports under renewed pressure; break could spark stronger acceleration
The pair returns to red on Friday and focuses pivotal supports at 110.35/22 (Fibo 23.6% of 104.59/112.13 / 55SMA) after recovery attempts on Thursday were short-lived and stayed below 30SMA (111.06) maintaining bearish bias.
Rising…
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Euro collapses on downbeat German PMI data
The Euro fell across the board on Friday, smashed by downbeat German Manufacturing data which fell to 44.7 in Mar (the lowest in seven years) against forecast at 48.0 and 47.6 in Feb.
Further contraction in German Manufacturing…
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Bears take a breather after Brexit delay approval
Sterling stands at the front foot in early Friday’s trading and attempts to extend recovery from Thursday’s spike low at 1.3004.
Fresh bulls probe through pivotal barrier at 1.3148 (Fibo 38.2% of 1.3381/1.3004 descend) clear…
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Bulls consolidate after cracking psychological $60 barrier
WTI oil consolidates under new four-month high at $60.31, following Wednesday’s bullish acceleration through psychological $60 barrier.
Oil rallied after surprise strong draw in oil inventories (-9.5 mln bls vs 0.3 mln bls build f/c) and…
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Bears took control after ultra-dovish Fed
The pair extended weakness to new five-week low at 110.29 on Thursday following strong fall previous day, sparked by Fed surprise on more dovish than expected stance which signaled no rate hikes in 2019 and lowered GDP forecast.
The…
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Euro corrects lower after strong post-Fed rally; 200SMA target remains in focus
The Euro eases from six-week high at 1.1448, posted after strong bullish acceleration on Wednesday.
The pair advanced 0.66% on Wednesday (the biggest one-day rally since 25 Jan) after Fed surprised markets with its ultra-dovish stance and…
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Brexit uncertainty weighs and offsets positive impact from Fed / UK data
Cable accelerated lower in early European trading on Thursday, maintaining negative near-term tone and pressuring previous day’s spike low at 1.3146.
Brexit uncertainty continues to weigh and offset positive impact from…
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Sterling falls to one-week low, but May’s request for delay could slow bears
Cable fell to one-week low at 1.3146 on Wednesday, as renewed risk of no-deal Brexit keeps the currency under pressure.
Several scenarios remain on the table and keep high uncertainty in Brexit drama, as PM May asked the EU for three-month…
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WTI Oil price eases on economic worries / overbought techs
WTI oil price fell on Wednesday after cracking pivotal Fibo barrier at $59.62 (50% retracement of $76.88/$42.36 fall) but bulls failed to close above.
Fresh concerns about global economic growth that came after dissonant tones about…
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