Near-term risk shifts lower after repeated upside rejections
Cable is holding near the lowest point of near-term congestion which extends into fourth straight day on Friday, following triple rejection ad daily cloud top and Thursday’s close in red.
Thick falling weekly cloud also weighs, keeping…
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Fresh advance in Asia looks for eventual break of key Fibo barrier
The Euro surged in Asia and hit new 2 ½ high at 1.1294, boosted by news about increased demand for the currency on Japanese bank plans for multi-billion purchase business from a German bank.
Fresh advance probes above converging 20/30SMA’s…
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Bulls eye 20SMA but may take a breather before resuming
The Aussie dollar consolidates under new multi-week high at 0.7175, posted on Wednesday after 0.66% advance, which generated bullish signal on break and close above thick daily cloud.
Bullish setup of daily techs supports for further…
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Pullback shows initial signs of stall above massive rising daily cloud
The pair bounces from correction low at 110.84, where three-day fall found support.
Pullback from 111.82 high showed signs of stall just ahead of daily cloud top, as massive cloud continues to strongly underpin the action, signaling…
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Bulls regained traction but struggle at key 1.1280 resistance zone
The Euro stands at the front foot in early European trading on Thursday after bulls returned to play and managed to fully recover Wednesday’s fall, sparked by soft tone from ECB President Mario Draghi, who pointed to downbeat economic…
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Daily cloud top continues to cap as bulls fail to capitalize from Brexit extension
Sterling holds in a choppy mode on Thursday and so far, unable to advance despite optimism on sidelined fears of no-deal Brexit and EU’s approval for extension of Brexit day until 31 Oct.
Most of possible scenarios remain on the table as…
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Euro eases on soft tone from Draghi, stronger dollar after inflation data
The Euro fell over 50 pips after data on Wednesday, pressured by stronger dollar and soft tone from ECB President Draghi in the press conference that followed policy meeting.
The European Central Bank left interest rates unchanged, as…
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Consolidation under new high awaits US data for fresh signal
WTI oil price remains constructive and holding near five-month high on Wednesday, despite Tuesday’s Doji candle which signaled indecision.
Tightening supply on fresh concerns about the situation in Libya, OPEC production cut and US…
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Renewed strength attacks again key daily cloud top barrier
The Aussie dollar rallied on Wednesday after neutral tone from RBA Deputy Governor Debelle’s speech that disappointed those expecting more dovish stance.
Adding to positive tone was release of upbeat Australian consumer sentiment (Apr 1.9%…
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Recovery stays capped under pivotal barriers ahead of key events
The Euro holds within narrow range ahead of today’s key events, ECB, Fed minutes and Brexit decisions, which are expected to give fresh direction signals.
The European Central Bank policy meeting might be a non-event as the policy remains…
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