Copper eases from seven-month high on stronger dollar
Copper price eases from new seven-month high at $2.9235, posted on Wednesday, as dollar firmed after Fed minutes on revived hopes of possible rate hike in 2019.
Profit taking after steep four-day rally and overbought daily studies could…
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Bulls look for extension after break of 100SMA but risk of pullback exists
WTI oil consolidates below new 2019 high ($57.58) on Thursday, after Wednesday’s advance eventually broke above falling 100SMA ($56.74) which obstructed bulls in past two days.
Prevailing bullish sentiment was boosted by fresh optimism…
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Positive outlook above broken Fibo barrier but risk of reversal exists
Cable remains constructive on Thursday and holding above broken Fibo barrier at 1.3047 (Fibo 61.7% of 1.3217/1.2772) but Wednesday’s Doji with long shadows which formed spinning top, signaled indecision and warns about possible reversal.…
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Strong bearish acceleration turns focus at 0.7054 base
The Australian dollar holds in red in early European trading on Thursday, following strong fall in Asia that turned near-term bias to bearish mode.
Stronger Australian jobs data initially boosted the pair to new two-week high at 0.7207 but…
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Risk of recovery stall increases
The Euro regained traction and bounced in early European trading on Monday, retracing the biggest part of post-Fed minutes fall.
Better than expected French PMI data boosted the single currency, while mixed German PMI’s (Manufacturing Feb…
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Bulls take a breather after triple upside rejection; crude inventories in focus for fresh signals
WTI oil price holds in red and eases from 2019 high after bulls faced triple rejection at falling 100SMA.
Corrective easing could be anticipated as daily slow stochastic reverses in deep overbought zone and momentum turned in neutral mode.…
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Bulls pause under pivotal barrier, looking for fresh signals from data
The Australian dollar eased on Wednesday after repeated failure at 0.7174 barrier (daily Kijun-sen / 50% retracement of 0.7295/0.7054).
The downside was for now protected by broken 55SMA (0.7149) but deeper pullback cannot be ruled out as…
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Euro maintains firm tone but in directionless mode ahead of Fed minutes
The Euro holds firm tone and probes again above cracked Fibo barrier at 1.1341 (38.2% of 1.1514/1.1234) after bulls failed to close above on Tuesday.
Fresh attempts higher remain capped by 20SMA (1.1362) for the second day and keep in play…
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Bulls consolidate after 1% rally; May / Juncker meeting in focus for fresh signals
Cable consolidates in early Wednesday's trading after 1.08% rally on Tuesday (the biggest one-day gains since 1 Nov).Tuesday's surge after strong UK jobs data resulted in break and close well above converged 20/200SMA's, as well close above…
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Sterling advances through key barrier, boosted by strong jobs data
Cable enters American session on Tuesday firmly in green and above pivotal barrier at 1.2942 (Fibo 38.2% of 1.3217/1.2772 / daily Kijun-sen).
The pair ticked lower after release of UK jobs data, as markets were initially disappointed after…
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