WTI bounces on news about lower output but recovery was so unable to hold gains
WTI oil price bounced on Monday after hitting new multi-month low at $59.25 last Friday, as news that Saudi Arabia will reduce its output in December by 500,000 barrels per day.The announcement on output cut due to seasonal lower demand,…
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Extended bears pressure daily cloud base
The Australian dollar extends weakness into third straight day and hit new one-week low on Monday.
Probe below pivotal support at 0.7195 (Fibo 38.2% of 0.7020/0.7302) reinforced by rising 10SMA, could generate fresh bearish signal on daily…
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Bulls may consolidate further before final push towards target at 114.54
The pair stands at the front foot on Monday and probed above last week's double-top at 114.08, but so far without clear break.
Near-term action is holding above broken Fibo barrier at 113.80 (76.4% of 114.54/111.37) which also contained…
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Eventual break below key 1.1300 zone supports risks extension towards 1.1186/09
The Euro hit the lowest levels since late June in early Monday's trading, as strong bearish acceleration at the beginning of the week broke below key supports at 1.1311/00 (200WMA / 15 Aug / 31 Oct lows).
Stepp fall after strong upside…
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Sterling starts the week with gap lower on rising Brexit concerns
Cable opened with gap-lower on Monday and accelerated lower, extending steep fall into third straight day.
Sterling stays under increased pressure as dollar strengthens across the board on hawkish Fed and signs of rate hike in December,…
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WTI extends free fall below psychological $60 support
WTI oil holds firmly in red for the tenth straight day on Friday and hit new nine-month low on break below psychological $60 support.Free fall is expected to extend as oil price is on track to end fifth consecutive week in red.Friday's…
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Dow eases after hawkish Fed; initial reversal signal is generating on daily chart
Dow stands at the back foot on Friday, as Asian and European stocks were lower and hawkish Fed surprised investors, dampening demand.
Thursday’s trading ended in Doji, which signaled that steep ascend in past two weeks is running out of…
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Pullback expected to offer better buying opportunities while supports at 0.7190/80 hold
The Australian dollar stands at the back foot on Friday and extends pullback after double upside rejection at 0.7300 zone and repeated failure to close above cracked top of falling daily cloud.
Lower Asian stocks and weaker than expected…
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Bulls may hold in extended consolidation before final push towards key barriers at 114.54/73
The pair moved lower on Thursday as traders took some profit from uninterrupted rally in past five days which accelerated on Thursday, resulting in daily gain of 0.5%.
Signals that Fed remains on track for another rate hike in December…
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Key supports at 1.1300 zone under pressure but strong headwinds could be expected here again
The Euro remains firmly in red and extends lower on Friday, following previous day’s 0.5% fall, which completed bull-trap pattern on daily chart and shifted near-term focus lower.
The single currency came under pressure after strong upside…
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