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/$51.23 corrective dip might be over after bears…
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Bears face headwinds from daily cloud and may hold in extended consolidation
The Aussie dollar ticks higher from new over five-week low at 0.7054 and daily cloud top (0.7050) but maintains bearish bias on weak daily techs and negative signal on Monday’s close below pivotal Fibo support at 0.7070 (38.2% of…
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Eventual break below 200WMA opens way for further weakness
The Euro holds in red for the seventh straight day and hit lowest levels since mid-Nov after eventual clear break below 200WMA on Monday (the pair holds firmly below 200WMA for the first time since Nov 2017) generated strong bearish signal.…
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Cable holds strong bearish sentiment ahead of May Brexit talks, BoE’s Carney
Cable was slightly higher in early trading on Tuesday, consolidating above new three-week low at 1.2844, posted after Monday’s 0.57% fall, driven by signs of UK economy’s slowdown on downbeat UK Q$ GDP data.
Surge and close well below…
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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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