USDJPY holds within tight range and slight bullish bias ahead of Fed
The pair holds within tight range on Monday but maintains bullish bias, following Friday’s close above 200SMA and bullish weekly close.
Bulls face headwinds at strong 112 resistance zone (Friday’s high at 111.90 / 2019 high at 112.13,…
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EURUSD extends recovery and eyes key barriers, but risk of stall exists
The Euro advances at the beginning of the week, in extension of last week’s rally (the biggest weekly rise since Nov), gaining additional support from weaker dollar, hit by soft US data on Friday, which raised concerns about…
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GBPUSD stands at the back foot, weighed by latest Brexit comments
Cable fell to the session low at 1.3245 in early European trading on Monday, following tight range in Asia.
The action at the beginning of the week was capped by 1.33 barrier, weighed by latest comments from British former…
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GBPUSD hits session high on fresh Brexit news
Cable registered modest gains and hit session high at 1.3279 in early US trading on Friday, on renewed Brexit optimism, after news that UH FinMin Hammond is meeting official from Northern Irish Dup, in attempts to find solution for Irish…
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Aussie ticks higher on improved risk sentiment but the downside remains vulnerable
The Aussie stands at the front foot on Friday following double rejection at daily cloud base / 10SMA (0.7050/64), but the upside remains limited by cloud top /20SMA (0.7096/98) for now.
Improved risk sentiment on US/China trade talk…
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Repeated close above key Fibo barrier to signal recovery extension
The Euro regained traction on Friday and recovered the most of Thursday’s 1.1337/1.1294 dip after four-day rally stalled at falling 30SMA.
Thursday’s close in red and failure to repeatedly close cracked Fibo barrier at 1.1326 (38.2% of…
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Sterling stands at the back foot after parliament voted for Brexit delay
Cable ticked lower to 1.32 handle at the beginning of European session on Friday, following narrow range trading in Asia, after UK parliament voted for Brexit delay.
The lawmakers approved short delay in attempts to agree Brexit deal until…
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WTI Oil consolidates under new 2019 high
WTI oil hit new 2019 high at $58.65 on Thursday (the highest since 13 Nov 2018), in extension of strong bullish acceleration on Wednesday that resulted in eventual break and close above previous highs at $57.79/85.
Oil price was…
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Australian dollar falls on weak China’s data / news of delay in US/China talks
The Aussie fell on Thursday after downbeat data from China soured sentiment and came under increased pressure on news of delay of Trump/Xi meeting to at least April.
China’s industrial production growth slowed further and fell to the…
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Bullish signal on eventual close above 200SMA
The pair regains traction on Thursday and probes above 200SMA, which capped narrow-range action in past three days.
With downside being protected by rising 20SMA, bulls look for eventual break and close above 200SMA that would generate…
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