Sterling falls to one-week low, but May’s request for delay could slow bears
Cable fell to one-week low at 1.3146 on Wednesday, as renewed risk of no-deal Brexit keeps the currency under pressure.
Several scenarios remain on the table and keep high uncertainty in Brexit drama, as PM May asked the EU for three-month…
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WTI Oil price eases on economic worries / overbought techs
WTI oil price fell on Wednesday after cracking pivotal Fibo barrier at $59.62 (50% retracement of $76.88/$42.36 fall) but bulls failed to close above.
Fresh concerns about global economic growth that came after dissonant tones about…
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Aussie bulls struggle at 0.71 zone resistances; Fed eyed for fresh signals
The Aussie pressures 0.7100 resistance zone (30SMA / daily Kijun-sen) following fresh bullish acceleration in Asian / European trading, driven by improved risk sentiment.
Rising momentum helps but mixed setup of daily MA’s and…
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Bulls look for adjustment before resuming; Fed is in focus today
The Euro holds in red on Wednesday’s morning, weighed by overbought conditions and lack of momentum and stronger dollar on increased safe-haven demand, following reports on fresh tensions in US/China trade talks. after extension of broader…
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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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