Sterling eases on Fresh Brexit news but remains constructive above converged 10/20SMA’s
Cable moved lower in early European trading on Wednesday, hitting session low at 1.3225 and pressuring initial pivot at 1.3220 (Fibo 38.2% of 1.2960/1.3381 upleg), following narrow-range action in Asia.
Fresh comments about…
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Sterling comes under pressure on revived fears of no-deal Brexit
Cable fell to intraday low in early US trading on Tuesday, following another failure at 1.33 barrier (spike to session high at 1.3310 was short-lived) as concerns about hard Brexit start to rise.
Unexpected dissonant tones came…
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WTI oil consolidates under new 2019 high, just ahead of psychological $60 barrier
WTI oil consolidates under new 2019 high at $59.84, posted in extension through Fibo barrier at $59.62 (50% of $76.88/$42.36) on Tuesday.
Strong bullish sentiment in oil market was additionally boosted by promises from top oil…
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EURUSD advances further and pressures key barriers
The Euro maintains bullish tone and extends advance to hit fresh recovery high at 1.1361 on Tuesday, underpinned by strong gains last week, as well as better than expected German / EU ZEW data in (German Mar economic sentiment -3.6 vs -11…
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Solid UK jobs data boost sterling
Cable holds firmer tone on Tuesday and probes above 1.33 barrier, which capped the action in past two days.
Fresh advance retraced Monday’s weakness (dip to daily low at 1.3184 was contained by rising 10SMA) after PM May’s…
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GBPUSD eases further as bets against MV3 approval rise; parliament’s discussion about Brexit…
Cable holds slightly above daily low at 1.3220 in early American session trading on Monday, after the action was capped at 1.3300 in Asia and fresh acceleration lower commenced on comments about MV3, by Boris Johnson in early…
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WTI OIL – fresh acceleration higher eyes targets at $59.62 / $60.00
WTI oil accelerated above $59 barrier on Monday and posted new 2019 high at $59.14, maintaining strong bullish sentiment and signaling continuation of larger uptrend from $42.36 (24 Dec low) after two-day pause, marked by double-Doji on…
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AUDUSD eventually broke above 20SMA but dovish Fed would result in limited advance
The Aussie advanced through 20SMA barrier (0.7098) that capped last week’s action and hit new recovery high at 0.7119 on Monday.
Weaker greenback on soft US data on Friday that also raised concerns about dovish stance of the US…
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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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