Aussie extends steep fall on strong risk-off mode
The Australian dollar extends steep fall into fourth straight day, driven by strong risk-off mode.
Weaker than expected Australian Q3 GDP, released on Wednesday; dovish shift in RBA expectations and narrowing Oct trade surplus, add to…
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Bearish bias but key 1.2661 support stays intact for now
Cable holds negative tone in early Thursday’s trading, after the action on Tue/Wed was strongly rejected in both directions and left two long-legged daily Doji candles, signaling strong indecision.
Negative momentum and repeated failures…
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Over 100-pips rally on unchanged BoC cracked key barrier
The pair surged nearly hundred pips to new over sixteen months high after The Bank of Canada left interest rates unchanged in expected action on today’s rate decision meeting.
The central bank warned that Canadian economy has less momentum…
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Slight bid in early US trading but still in directionless mode
The Euro ticked higher in Europe and holds slight bid tone at the beginning of US session, which is expected to show lower volumes due to US National Day of Mourning.
Dips found support at 1.1315 zone for the third consecutive day, with…
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Recovery started to lose traction; EIA report / OPEC in focus for fresh signals
WTI oil price bounced from Asian session low at $52.14, but still hold away from Tuesday’s high at $54.54, where near-term recovery was capped by falling 20SMA, with subsequent pullback marking strong rejection.
Tuesday’s close in red with…
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The downside would remain vulnerable while recovery stays capped by strong barriers at 113.00/50…
The dollar bounced on Wednesday after previous day’s strong fall (the biggest one-day loss since 20 July)
was contained by daily cloud top, which currently lays at 112.67.
The greenback advanced on improved sentiment on the latest good…
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Cable bounces from dangerous zone, but bears remain in play; parliament debate on Brexit deal in…
Cable bounced to 1.2750 zone on Wednesday after sharp fall on Tuesday that resulted in spike to 1.2658 low (the lowest since mid-June 2017) after UK PM May suffered defeat at the beginning of five-day parliamentary debate over Brexit plan.…
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The second Doji signals strong indecision; the pair continues to trade within the triangle
The Euro stands at the back foot in early European trading on Wednesday after Tuesday’s rally which probed above trendline resistance was strongly rejected.
The second consecutive Doji candle was left on Tuesday, signaling strong…
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Aussie extends pullback on stronger greenback / downbeat Australian GDP data
The Australian dollar accelerated lower on Wednesday and hit one-week low at 0.7281 in late Asian trading.
News that Beijing agreed to reduce tariffs on US made cars sent US stocks sharply lower and boosted the US dollar.
Downbeat…
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Fresh advance on legal opinion on Brexit improves sentiment but pivotal 1.2850 resistance zone is…
Cable stands at the front foot just ahead of start of the US session on Tuesday, as the pair accelerated higher in European trading on legal opinion from the European Court of Justice that the UK should be allowed to revoke Article 50…
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