Bulls extend consolidation under key barriers; broken 200SMA continues to underpin
The pair shows strong hesitation at 112 barrier, following the third straight failure to close above here, but the price remains within tight range (111.64/112.13), keeping the downside limited.
Extended consolidation is likely to precede…
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The Euro remains in defensive but struggles at important 1.1305 Fibo support; ECB in focus
The Euro probes again below cracked pivotal support at 1.1305 (Fibo 61.8% of 1.1234/1.1419) after strong fall in past three days dipped to 1.1289 but failed to close below 1.1305 in first attempt.
Bearish daily techs and stronger dollar…
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Strong downside rejection slowed bears but n/t focus remains shifted lower
Cable remains in red on Wednesday and attacks again pivotal Fibo support at 1.3129 (38.2% of 1.2772/1.3349) despite Tuesday’s log-tailed Doji, formed after strong downside rejection at 1.3097 and subsequent bounce.
The pound dipped after…
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Aussie falls to 2-mth low after disappointing GDP data, risks further weakness below psychological…
The Aussie dollar fell to new two-month low at 0.7028 on Wednesday, pressured by disappointing economic growth figures of Q4 2018.
Annual Australian GDP rose 2.3% in Q4 (at the slowest pace since mid-2017) falling below expectation for…
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Bulls probe again through 112 barrier as solid US data boost dollar
The pair rose to session high at 112.03 in early US trading on Wednesday following stronger than expected US data.
US services sector picked up in Feb (ISM Non-Manufacturing PMI rose to 59.7 after slowing down in Jan and beating forecast…
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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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