Reversal pattern is forming on daily chart but 20SMA limits recovery
Spot gold regained traction and bounced from Asian low at $1277, as renewed risk-off mode on IMF downgrade of global growth forecast increased safe-haven demand.
Fresh gains struggle to return above rising 20SMA ($1284), close above which…
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Upbeat UK data add to negative tone; bears eye key support at 0.8763
The cross accelerates lower after pound got boosted by UK earnings beat (3.4% vs 3.3% f/c, as pay growth hit 10-year high) and upbeat employment data (employment grew 141K in three months to the end of Nov vs 88K f/c and previous period’s…
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Bears face strong headwinds from daily cloud base; German ZEW data likely to confirm negative…
The Euro holds off session low at 1.1345 after fresh bears cracked key support at 1.1350 (daily cloud base / Fibo 61.8% of 1.1215/1.1569 rally).
Bears face strong headwinds here as Monday’s action was shaped in inverted hammer, initial…
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Narrow range between 10 and 100SMA looks for fresh signal from UK wages data
Cable stands at the back foot in early Tuesday’s trading, pressured by fresh risk-off mode, sparked by IMF’s downgrade of global growth forecast.
Also, traders remain concerned about the Brexit scenario after PM May revealed her plan B…
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Turkish lira maintains positive tone despite bad news; 200SMA marks key support
The pair remains at the back foot, following recent double-rejection at 5.5450 zone that left a double-top ahead of subsequent acceleration lower.
Fresh weakness pressures key support at 5.3160 (daily cloud base / bull-trendline off 5.1323…
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Bulls face strong headwinds at daily cloud base but remain in play
WTI oil consolidates under new 2019 high at $54.38, posted earlier today, as bulls face strong headwinds from the base of thick falling daily cloud ($54.19) which was cracked today but so far without clear break.
Friday’s long bullish…
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Bears regain control after short-lived advance on positive data from China
The Aussie edged lower in early European session and erases gains made after stronger than expected China’s IP data, released in Asia on Monday.
Stronger US dollar in early Monday adds to fresh weakness, also supported by negative signals…
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Bearish outside day adds to negative outlook ahead of PM May’s reveal of Brexit’s plan B for
Cable ticked lower in early European trading, after narrow-range trading in Asia on Monday, but remains at the back foot following Friday’s 0.9% fall after repeated rejection at psychological 1.30 barrier.
Sterling was hit by weak UK…
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US/China optimism keeps Aussie afloat despite repeated rejections at cloud base
The trades within narrow range on Friday, but the sentiment remains positive on US/China talks optimism, keeping the downside limited.
Thursday’s spike to 0.7221 following a news report was short-lived and the action again ended below…
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Bulls look for 110.00+ after clearing 109.15 pivot
The pair extends recovery to new two-week high at 109.59 on Friday after bullish signal was generated on Thursday’s close above 109.15 pivot (daily Kijun-sen / 50% retracement of 113.70/104.59).
The greenback was boosted by better than…
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