Pound falls further on renewed fears of no-deal Brexit
Cable fell further on Tuesday as the sentiment soured by news that risk of no -deal Brexit returns to play.
Top UK officials went to Brussels in last attempts to secure changes to PM May’s Brexit deal through the parliament and avoid…
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US crude stocks reports eyed for fresh signals
WTI oil holds bullish bias on Tuesday, following strong fall last Friday and recovery rejection on Monday.
Restart of some wells of Libya’s biggest oilfield, initially pressured oil price, but the downside remains supported for now,…
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Extended consolidation likely to precede final push through key 112.20/31 barriers
The pair maintains positive tone on Tuesday but shows hesitation at psychological 112.00 barrier and more significant 112.20/31 (Fibo 76.4% of 114.54/104.59 / 200WMA).
Optimism over US/China trade talks keeps the pair well supported, but…
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Bears keep key Fibo support in focus despite Monday’s strong downside rejection
The Euro remains in red on Tuesday, but the downside looks protected for now after Monday’s fall which faced strong downside rejection just above pivotal support at 1.1305 (Fibo 61.8% of 1.1234/1.1419).
Fresh weakness probes again below…
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Three-day pullback slows ahead of key supports, UK Services PMI data eyed for fresh signals
Cable is holding within narrow consolidation just above 10SMA support (1.3161), following three consecutive days in red.
Extension of pullback from 1.3349 high hit one-week low at 1.3150, but holding for now above pivotal supports at…
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Aussie remains nervous after RBA and ahead of GDP data, pressuring key support at 0.7070
The Aussie was slightly higher in late Asian trading after RBA kept interest rates unchanged at record lows but maintained upbeat view and expecting economic growth to pick up in 2019 after slowing in second half of 2018.
The central…
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Loonie remains under increased pressure and could fall further on dovish BoC
The pair maintains firm bullish tone and extends advance from last Friday (daily gains of nearly 1%) above 1.33 barrier, to threaten retest of 14 Feb recovery high (1.3340) and attack at daily cloud base (1.3355).
Sentiment for loonie…
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Bearish near-term bias but key supports still intact
Cable is trading around 1.32 handle in early US trading on Monday, following bearish acceleration that probed below 1.32 support (session low at 1.3180).
Recovery attempts stalled and formed hourly lower platform at 1.3250 zone, with bears…
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Bulls face strong headwinds at 200SMA barrier and eye CBRT policy meeting for fresh signals
The pair retests key barriers at 5.3964/77 (200SMA / Fibo 61.8% of 5.5449/5.1595) on Monday, in attempts to extend Feb’s 3.3% advance.
Daily studies are in bullish setup and supportive, however bulls face strong headwinds and may not clear…
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Oil recovers on fresh risk sentiment, but bulls need more evidence to confirm reversal
WTI oil price rises on Monday and recovering last Friday’s 2.5% fall, boosted by renewed optimism on possible deal on US/China trade talks.
Strong rise in US oil production (peaked at 12.1 million bpd) partially offset positive impact from…
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