The yellow metal extends recovery on weak dollar; pressures key barrier at $1243
Spot gold maintains firm tone and extends advance into second straight day. Fresh upside was boosted by weaker dollar on fading US/China trade conflict fears, as well as dovish tones from Fed, which signal that widely expected rate hike in…
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Recovery extension hits two-week high on improved sentiment; OPEC meeting in focus
WTI oil rose further on Tuesday and hit new high of nearly two weeks, in extension of recovery which started from Monday’s gap-higher weekly opening.
The oil was up 2.5% for the day so far and fresh bullish acceleration pressures pivotal…
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Renewed strength pressures 200SMA and could extend to 0.7445 Fibo barrier
The Australian dollar rallies on Tuesday, supported by fresh weakness of US dollar, after RBA decision to keep interest rates unchanged at record low, as widely expected, showed little impact.
Fresh strength attacks Monday’s high at…
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Dollar falls sharply on fading optimism over US/China trade agreement
The dollar was sharply lower in Asia and early Europe on Tuesday (down 0.7% so far) and hit the lowest in more than one week, on surge through pivotal supports at 113.37 and 112.96 (Fibo 38.2% and 61.8% respectively of 112.30/114.03 upleg.…
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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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