The downside will remain vulnerable while 30SMA caps recovery
The Aussie dollar bounces from Asian low at 0.7065 and pressures 0.71 barrier (30SMA), propped by renewed risk mode on Monday.
Rising bullish momentum helps recovery, but daily techs are still bearishly aligned, following last week’s…
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Bears take a breather above thickening daily cloud
The pair ticks higher on Monday following last Friday’s 0.9% fall that contained by the top of daily cloud.
Thickening cloud continues to underpin the action today, but recovery attempts were so far capped by broken 55SMA (110.24) now…
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Upbeat Ifo data boost recovery before bears regain control
The Euro moves higher in European trading on Monday, boosted by better than expected German Ifo data (business climate rose to 99.6 in Mar vs 98.7 f/c / Feb) that partially offsets shock from last Friday’s downbeat PMI numbers.
Traders…
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Softer tone and high volatility at the beginning of key week for Brexit
Sterling holds soft tone in early Monday’s trading, at the beginning of key week for Brexit.
Britain’s parliament is going to vote on government’s next steps after PM May’s plan has been repeatedly rejected.
May managed to get short…
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Bulls may correct further after initial failure at psychological $60 barrier
WTI oil stands at the back foot on Friday and eases to $59.30 after bulls ran out of steam and failed to close above cracked $60 barrier in repeated attempt.
Overbought daily studies and bearish divergence on slow stochastic…
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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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