Close above 55SMA to signal further advance but headwinds may come from psychological 111.00 barrier…
The pair maintains positive tone on Wednesday and eyes psychological / option 111.00 barrier after fresh acceleration in early US trading broke above important barrier at 111.66 (55SMA).
Close above here is needed to generate bullish…
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Oil stands at the front foot on possible production cut increase / fall in US oil inventories
WTI oil stands at the front foot on Wednesday, following Tuesday’s bounce that completed hammer reversal pattern.
Draw of US crude inventories (API report showed 0.9 mln bls draw vs 2.5 mln bls build f/c) and signs from OPEC for stronger…
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Downbeat EU IP data may add to recovery stall signals
Tight consolidation after Tuesday’s rally keeps recovery limited for now and fails to benefit from positive signal on bullish outside day, left on Tuesday.
Weaker dollar on renewed risk appetite on optimism over US/China trade talks,…
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Kiwi consolidates under important barriers after strong post-RBNZ rally
The Kiwi dollar was the top winner in Asia on Wednesday, surging 1.8% after the Reserve Bank of New Zealand kept interest rates unchanged, but following statement showed less dovish than expected tone, as central ban’s top officials pointed…
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Fresh risk appetite and rally of Kiwi dollar boost Aussie
The Aussie dollar extends recovery from 0.7054 lows, underpinned by surge of kiwi dollar on less dovish RBNZ earlier today and fresh risk appetite on renewed optimism over US/China trade talks.
Double rejection at 0.7054 signals basing,…
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Pound extends recovery ahead of key UK inflation data; overall picture remains bearish
Cable holds in green in early Wednesday’s trading and probes above 1.29 zone, following Tuesday’s bullish close which signaled bears may stay on hold.
The pair extends recovery despite previous day’s close below 100SMA (1.2889), with…
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Risk of fresh weakness rises after 100SMA capped recovery attempts
Recovery rally from new three-week low at 1.2832 that commenced in early European trading on Tuesday, showed signs of stall in early hours of American session, as broken 100SMA (1.2890) managed to cap corrective action.
In my morning…
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Tuesday’s Hammer could be initial reversal signal
WTI oil edges higher on Tuesday as traders booked some profit’s after week-long pullback from $55.73 high started showing initial signs of stall.
Monday’s hammer candle suggests that $55.73/$51.23 corrective dip might be over after bears…
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Bears face headwinds from daily cloud and may hold in extended consolidation
The Aussie dollar ticks higher from new over five-week low at 0.7054 and daily cloud top (0.7050) but maintains bearish bias on weak daily techs and negative signal on Monday’s close below pivotal Fibo support at 0.7070 (38.2% of…
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Eventual break below 200WMA opens way for further weakness
The Euro holds in red for the seventh straight day and hit lowest levels since mid-Nov after eventual clear break below 200WMA on Monday (the pair holds firmly below 200WMA for the first time since Nov 2017) generated strong bearish signal.…
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