Fresh advance turns focus towards pivotal $1300 resistance zone
Spot gold surged to one week high at the beginning of American session on Friday as US stocks rose on upbeat earnings reports, sending the greenback lower across the board.
The yellow metal accelerated higher and emerged from four-day…
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Oil edges higher on concerns about output disruption but key barriers are still intact
WTI oil ticked higher on Friday and eventually penetrated thick daily cloud after cloud base capped attempts in past few sessions.
Fresh boost for oil price came from political turmoil in Venezuela that raises concerns about potential…
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Pivotal 110 barrier is under pressure but resists for now
The pair maintains positive near-term tone and ticked higher on Friday’s Asian / European trading, holding in the upper part of week-long 109.05/109.99 congestion and pressuring key barrier at 110.00 (psychological resistance…
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Bounce is seen as positioning for fresh weakness; daily cloud base to cap upticks
The Euro edged higher in early Friday’s trading as traders booked profit after Thursday’s 0.7% daily fall, sparked by dovish stance from ECB chief Mario Draghi, who highlighted further downside risk and weaker than expected near-future…
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Sterling rallies above 200SMA on fresh Brexit optimism
Cable rallied to new 10-week high at 1.3138 in Asia on Friday, following newspaper's report that Ireland is preparing to back PM May's plan B.
Revived hopes that UK might avoid no-deal Brexit boosted pound for eventual break above falling…
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Reaction on key 200SMA support would provide fresh direction signal
The pair extends bearish acceleration from Wednesday that eventually broke below four-day congestion and testing key 200SMA support (5.2606).
Lira remains steady and benefited from recent uncertainty, with additional support from CBRT’s…
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Bears remain on hold above key 1.1350 support, awaiting ECB for fresh signals
The Euro bounced from session low at 1.1339, posted after downbeat French PMI data, underpinned by unexpected jump in German Services PMI (Jan 53.1 vs 52.2 f/c) that offset negative impact from weaker than expected German Manufacturing PMI…
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Cable consolidates under 200SMA after first attack failed to break higher
Cable eased to 1.3027 in early European trading on Thursday after two-day over 1.5% advance failed to clear 200SMA (1.3078) on first attempt.
Traders took some profits on longs from daily cloud top, but bullish bias remains strong and sees…
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Fresh bears eye 0.7033 Fibo support
The Aussie fell sharply in Asia on Thursday following short-lived advance to 0.7166 on better than expected Australian jobs data, coming under increased pressure after NAB raised domestic mortgage rates.
Fresh bearish acceleration broke…
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Extension above 1.30 barrier pressures 200SMA pivot
Cable is comfortable above 1.30 barrier that was eventually taken out today after last week’s double rejection and subsequent corrective dip.
Improved sentiment on announced Brexit amendments (which still need to be passed) inflated pound…
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