Risk of eventual break through 1.2695 pivot in play while 10SMA caps upticks
Cable attempts to recover ground and moved higher in early European trading on Tuesday, after strong upside rejection on Monday and subsequent weakness that was contained by key near-term support at 1.2695 (30 Oct low).
Extended…
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The Euro remains bid but still unable to break pivotal barriers at 1.1400 zone
The Euro remains bid in early Tuesday’s trading and pressures again pivotal 1.1400 resistance zone (Fibo 61.8% of 1.1472/1.1267 / trendline resistance / highs of 29/30 Nov), after Monday’s action ended in long-legged Doji and signaled…
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Fresh advance on reduced trade war fears pressures key m/t barriers
Copper holds near new two-month high at $2.8565, posted on extension after Monday’s gap-higher opening.
The metal benefited from news that provided relief from fears of escalation of trade conflict between the US and China.
Over 600-pips…
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Lira weakens after repeated rejections at 200SMA; higher oil prices and overextended studies add to…
The USDTRY ticked higher on Monday and probes through falling 10SMA (5.2644), after the downtrend was rejected above 200SMA (5.1216) for the third straight day.
Lira was weaker on risk appetite after US/China tariff ceasefire agreement…
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Spot Gold at one-month highs on weaker dollar
Spot gold advanced 0.75% since Monday's opening and hit new nearly one-month high at $1232, advancing on weaker dollar after US/China trade ceasefire deal.The yellow metal regained traction after Thu/Fri rejection on both direction, which…
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Oil generates initial reversal signal on Monday’s gap-higher open and lift above falling 10SMA
WTI oil jumped near $54 per barrel (the highest since 23 Nov) on Monday, following weekly opening with 176 pips gap-higher.
Improved sentiment on the latest agreement between the US and China to pause tariff hike for 90 days and give time…
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Aussie at 4-month high on risk appetite rally; test of 0.7445 pivot seen after consolidation
The Aussie dollar benefited from fresh risk appetite on deal of US / China presidents to put trade conflict on hold and hit new four-month high at 0.7393.
The pair started week with almost 70-pips gap higher and extended advance on fresh…
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Hopes for fresh advance would remain alive while Fibo support at 113.37 holds
The pair moved lower on fresh risk appetite after trade war was put on hold, with fresh weakness being so far contained by pivotal support at 113.37 (Fibo 38.2% of 112.30/114.03, reinforced by rising daily Tenkan-sen).
Daily MA’s in…
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Recovery rally on trade war ceasefire still away from key 1.2850 barrier
Cable ticked above 1.28 handle on fresh risk appetite and retraced the largest part of last Thu/Fri fall on short-covering.
Bounce confirms strong support at 1.2725 zone, but the pair remains within 1.2850/1.2725 congestion which extends…
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Relief rally on eased trade tensions faces strong obstacle at 1.1400 zone
The Euro hit session high at 1.1380 at the beginning of European trading on Monday, following gap-higher opening and subsequent advance in Asian session.
The single currency benefits from renewed risk appetite after agreement of US…
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