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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Extended pullback pressures key 1.30 support zone; UK data eyed for fresh signals
Sterling bulls gave up after strong upside rejection just under falling 30WMA (1.3183) on Wednesday and subsequent pullback which generated negative signal on formation of bearish outside day on Thursday.
Hawkish tone from Fed on Thursday,…
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Oversold conditions warn of correction but bears to remain intact while falling 10SMA caps
WTI oil is consolidating above new marginally lower 7 ½ month low at $71.19, posted on Wednesday in extension of massive fall which extends into fifth straight week.
Fading concerns about stronger impact on global supply from…
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The downside is vulnerable after Wed’s strong upside rejection; break below 10SMA to revive bears
The Euro stands at the back foot on Thursday after bulls were strongly rejected on Wednesday and the day ended in Doji with very long upper shadow.
Another negative signal comes from pair’s inability to register close above initial barrier…
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Bulls regain traction after Wed’s bumpy ride and pressure again key Fibo barrier at 113.80
The pair holds positive tone in early Thursday's trading and looks for retest of Fibo barrier at 113.80 (76.4% of 114.54/111.37) which capped previous day's attack.
Long-legged Doji was left on Wednesday after the action was rejected on…
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Aussie probes again above daily cloud/trendline, boosted by upbeat Chinese data
The Australian dollar holds positive tone and extends bull-leg from 0.7182 trough into fourth straight day.
Fresh extension higher offsets fears of rally's stall after bulls spiked 0.7299 (the highest since 26 Sep) on Wednesday but failed…
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Pound maintains positive tone but overbought techs warn on consolidative / corrective action
British pound is consolidating under new three-week high at 1.3174 in early Thursday's trading, with bulls show initial signs of fatigue.Strong upside rejection on Wednesday, overbought slow stochastic and south-turning momentum warn of…
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