Tight ranges ahead US NFP; little impact from renewed risk aversion
The pair holds within tight consolidation and awaiting US jobs data for fresh signals after pullback from 110 resistance zone showed initial signs of stall.
Thursday’s strong downside rejection left daily hammer, suggesting that easing…
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Key 200SMA support under increased pressure after weak UK data
Weaker than expected UK Manufacturing PMI (Jan 52.8 vs 53.5 f/c and 54.2 Dec) hurt sterling and sparked fresh weakness in early European trading on Friday, following strong upside rejection previous day.
Bearish daily candle with long…
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Narrow consolidation after Thursday’s fall looks for fresh signal from US jobs data
The Euro is consolidating above broken former strong resistance, now support at 1.1429 (daily Kijun-sen / broken Fibo 50% of 1.1569/1.1289 / Fibo 38.2% of 1.1289/1.1514) in early Friday’s trading after strong five-day rally was strongly…
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Aussie eases as weak Chinese data hurt the sentiment; NFP in focus for fresh signals
The Aussie dollar stands at the back foot in early Friday’s trading and eases from two-month high at 0.7295, posted after strong bullish acceleration on Wed/Thu on dovish Fed.
Weaker than expected China’s Manufacturing PMI (Jan 48.3 vs…
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Fed, China, Venezuela add to positive signals for bullish continuation
WTI oil consolidates under new nine-week high at $54.91, posted on Wednesday, after oil extended gains on weaker dollar after dovish Fed.
Eventual break above recent congestion to ($54.54) was initial signal that consolidative phase is…
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Bulls look for test of 200SMA
The Aussie hit new eight-week high on Thursday, in extension of previous day’s 1.3% rally, sparked dovish Fed that pushed the US dollar lower across the board.
Better than expected China’s PMI data today (Jan Manufacturing PMI 49.5 vs 49.3…
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Bears eye daily Kijun-sen / Fibo support at 108.00/107.93
The pair extends weakness after more dovish than expected Fed and eventually broke out of multi-day congestion.
Fresh bearish signal was generated on break below 20SMA (109.00) today, with further easing through 108.72 (Fibo 23.6% of…
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Positive outlook above 200SMA but weakening daily studies warn
Cable extends bounce from 200SMA which contained corrective dip, with weaker greenback after dovish stance from Fed, adding to positive near-term tone.
However, risk of recovery stall exists as momentum is weakening on daily chart and slow…
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Post-Fed rally cracked 1.15 barrier and eyes key 200SMA barrier
The Euro maintains bullish tone on Thursday morning and extended strong advance of the previous day, sparked by dovish Fed, to crack Fibo barrier at 1.1503 (76.4% of 1.1569/1.1289 descend) and post new three-week high at 1.1514.
Bulls were…
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Gold eases from 8-month high ahead of Fed
Spot gold eased from new 8-month high at $1315, posted earlier today, as dollar rose on better than expected numbers of ADP private sector employment report.
US private sector added 213K jobs in Jan vs 180K f/c and 273K, downward-revised…
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