Consolidation after ‘flash crash’ likely to precede fresh weakness
The pair spiked to new multi-month low in early Asian trading on Thursday, in ‘flash crash’ triggered by Apple’s unexpected quarterly sales forecast for China, which added to concerns about global growth.
Further strength of safe-haven…
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Spot gold advances on risk-off mode and cracks key Fibo barrier
Spot gold hit new 6 ½ month high at $1288 on Wednesday, in extension of recovery phase which started from $1160 in mid-Aug 2018.
The yellow metal remains well supported by renewed risk-ff mode as f=rising concerns about global growth…
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Sterling eases after repeated failure at 1.2743 Fibo barrier, pressured by GBPJPY sales
Cable holds in red in European trading on Wednesday and dipped below 1.2700 handle, pressured by sales by risk aversion sales of GBPJPY pair.
Repeated failure to clearly break above 1.2743 pivot (Fibo 38.2% of 1.3174/1.2476 downleg) after…
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Yen advances on strong safe-haven demand
The Japanese yen rallied against the US dollar in the first trading day in the New Year, extending strong advance from 111.40 (26 Dec lower top) into fourth straight day.
Cautious mode on concerns over global growth and signals that Fed…
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The dollar consolidates after 1% fall; bears look for extension below key 200SMA/Fibo supports
The pair consolidates after the biggest one-day fall since early Jan on Thursday.
Strong risk-off mode on growing concerns about global growth and fall in oil prices keep the dollar under pressure, with no positive impact from less dovish…
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Close above cracked Fibo barrier at 1.1444 needed to confirm bulls
The Euro eases from new six-week high at 1.1485, posted after strong rally on Thursday, where bulls were capped by 100SMA and consolidating in the middle of thick daily cloud.
Yesterday’s close within the cloud was bullish signal after…
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Renewed attempt through 20SMA need boost from strong UK data to sideline persisting risk of stall
Cable stands at the front foot and attacks again falling 20SMA (1.2686) which so far capped several attempts in past few sessions.
Pound maintains positive tone, despite cautious tone from the BoE regarding significantly intensifying…
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Bears regained control after short-lived consolidation
WTI oil returned to red on Thursday and hit new 2018 low at $45.81, also the lowest since late Aug 2017, after larger bears paused on Wednesday on short-lived consolidation after Fed surprise.
Bears quickly regained control on global fall…
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Better than expected Australian jobs data boost recovery but strong obstacles lay ahead
The Australian dollar regained ground and bounced on Thursday, following Fed-inspired strong fall on Wednesday when the pair dipped to 1 ½ month low at 0.7086.
Fresh bulls emerged after the greenback lost traction after short-lived rally…
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The dollar remains in free fall after short-lived and limited positive impact from Fed
The pair extends steep fall into fifth straight day and was down nearly 0.7% in early Thursday’s trading, following little benefit for the dollar on more hawkish than expected Fed on Wednesday.
The greenback came under fresh pressure after…
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