Sterling at three-week high as Brexit-optimism and fresh dollar’s weakness underpin
Cable continues to trend higher, driven by strong Brexit optimism, with additional boost from weaker dollar from US election split.
Sterling hit new three-week high in early European session on Wednesday, in extension of strong…
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The Euro rallies after split US election results weaken the greenback
The Euro holds positive tone and probes above upper boundary of overnight’s 1.1472/1.1394 range at the beginning of European session on Wednesday, following bumpy ride in Asia on announcement of results of US midterm election.
The single…
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Sentiment remains positive despite unchanged RBA; fresh advance faces headwinds from falling daily…
The Australian dollar stands at the front foot and attacks daily cloud base (0.7241) in extension of Monday’s rally.
Bulls regained traction in European session after mild reaction on RBA in Asian trading, when the pair traded within…
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Bulls continue to face strong headwinds from key 113.33 barrier
The pair holds positive tone and attacked again key barrier at 113.33 Fibo (61.8% of 114.54/111.37), following repeated failure here.
Fresh attempt higher posted new one-month high at 113.44 in early European trading on Tuesday (similar to…
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Bulls return to power on renewed Brexit optimism and look for break above daily cloud
Cable rallied in early Tuesday's trading and hit new two-week high at 1.3085, on rising optimism for Brexit deal, after media report showed that the EU is preparing to offer compromise proposal on Irish border, which proved to be the major…
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Repeated upside rejections keep the downside at risk; EU data and US midterm elections in focus for…
The Euro stands at the front foot and attacks again double-Fibo barrier at 1.1423 (23.6% of 1.1815/1.1302 and 38.2% of 1.1621/1.1302), after triple failure to close above here.Monday's bullish outside day, along with strong downside…
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Metal pulls back on profit-taking / news after 6% advance last week
Copper was sharply lower on Monday as traders took profit after strong rally on last Thu/Fri, when the metal price rose over 6% on optimism over easing trading tensions between the US and China.
Release of China’s Oct services PMI, which…
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Bears remain intact for further losses as the US softens sanctions by allowing major buyers to…
WTI oil remains in red at the beginning of the week and hit new marginally lower seven-month low at $62.51 on Monday, in extension of last week’s nearly 7% fall.
Oil prices maintain negative tone on pullback from recovery peak at $76.88…
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Further rise in inflation could undermine lira’s bulls
The US dollar trades slightly higher against Turkish lira on Monday, as disappointing results of Turkey's Oct inflation raise concerns.
The lira advanced strongly after CBRT's massive rate hike in September, gaining nearly 10% against its…
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Aussie maintains positive tone but key Fibo barrier still holds; RBA and US elections in focus
The Australian dollar remains constructive on Monday and attacks again key Fibo barrier at 0.7202 (Fibo 61.8% of 0.7314/0.7020) after two consecutive attempts last week failed to close above.
Friday's spike to 0.7258 (the highest since 27…
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