Extension above key 110.00/22 barriers pressures targets at 110.71/78
The pair hit new ten-week high at 110.65 in early Tuesday’s trading, in extension of Monday’s rally that eventually closed above pivotal 110.00/22 barriers and generated bullish signal.
The dollar benefited on increased safe-haven demand…
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Cable breaks below 1.29 pivots; weak UK data added to negative sentiment
Cable remains at the back foot in early American trading on Monday and probes below pivotal 1.29 support zone, after weak UK data further soured the sentiment.
Sterling entered the third week deeply in red, pressured by Brexit concerns and…
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Bears face headwinds but weekly bearish engulfing weighs
WTI oil started week in negative mode after Friday’s report showed increase of numbers of US oil rigs which adds to existing concerns over global growth slowdown and oversupply.
However, the downside attempts were so far limited by rising…
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Slight optimism on US/China talks keeps the pair above 0.7070 pivot, but the downside remains…
The Aussie holds within tight range and directionless mode, just above pivotal support at 0.7070 (Fibo 38.2% of 0.6706/0.7295 rally) which was cracked on Friday.
Slight bid tone in early Monday is marked by rising momentum and stochastic…
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Fresh bulls crack key barriers at 110.00/22 zone; sustained break to signal bullish continuation
Fresh bulls, underpinned by rally in JPY crosses probe again through key barriers at 110.00/22 zone (psychological / weekly cloud top / previous upside rejections / Fibo 61.8% of 113.70/104.59) on Monday.
Stronger dollar across the board…
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Bears pressure key support at 1.1289 but oversold conditions warn of bounce
The Euro maintains bearish bias at the beginning of the week and holding below broken 200WMA (1.1334) as last Friday’s close below here generated bearish signal, as the moving average limited downside attempts in more than one year and…
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Bearish bias maintains pressure on 1.29 support zone; UK data expected to provide fresh signals
Cable moved lower in early European trading on Monday after quiet narrow range action in Asia.
Fresh weakness pressures again pivotal 1.29 support zone (Fibo 38.2% of 1.2397/1.3217 / 30SMA / 100SMA) which was cracked last week, but without…
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Gold recovers as dollar bulls take breather; 10SMA would be a trigger
Spot gold holds positive tone for the second day as week-long dollar’s rally is losing traction and may take a breather on overbought conditions.
Recovery extension hit high at $1315, retracing 50% of $1326/$1302 pullback and signaling…
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Upbeat Canada’s jobs data accelerate pullback after thick cloud base capped strong advance
The pair accelerated lower on Friday following double upside rejection at strong barriers provided by the base of thick daily cloud and 55SMA (1.3317/32).
Better than expected Canada’s Jan housing / labor data added to loonie’s fresh…
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Oil price remains pressured but key supports still hold
WTI oil ticked lower on Friday but holds above Thursday’s low at $51.78, posted after nearly 2.5% daily fall.
Oil remains at the back foot following double-failure at pivotal $55.55 Fibo barrier (38.2% retracement of $76.88/$42.36…
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