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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Aussie stands at the back foot and pressures key Fibo support at 0.7070 ahead of RBA
The pair holds in red in Europe on Monday, as mixed Australian data partially offset positive signals from renewed optimism on possible US/China trade deal.
Fresh weakness pressures again key Fibo support at 0.7070 (38.2% of 0.6706/0.7295)…
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Bulls may accelerate on triggering large stops above 112.30
The pair consolidates within tight range under new multi-week high at 112.07 (posted last Friday), as President Trump’s criticism of the US central bank over too high dollar capped advance, but so far without stronger negative impact for…
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Fresh risk mode pushes Euro through key supports
Cable traded in a narrow range and without clear direction in Asian session on Monday, but holds near-term bullish bias following gap-higher opening at the beginning of the week.
Receding concerns about no-deal Brexit, President Trump’s…
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Fresh risk mode boosts pound but risk of deeper pullback exists
Cable traded in a narrow range and without clear direction in Asian session on Monday, but holds near-term bullish bias following gap-higher opening at the beginning of the week.
Receding concerns about no-deal Brexit, President Trump’s…
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Mixed signals keep near-term action without clear direction
Cable bounced to new daily high at 1.3286 after weaker than expected US Manufacturing / Personal Income data pressured greenback.
Fresh strength prevented the pair from deeper pullback after larger bulls stalled at 1.3349 on Wednesday and…
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