Negative sentiment on Brexit fears keeps bears firmly in play
Bears are taking a breather around 1.2811 (broken Fibo 76.4% of 1.2661/1.3297 rally) after strong bearish acceleration in past two days cracked psychological 1.2800 support and posted new seven-week low at 1.2796 but failed to close below…
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Bears eye targets at 1.1317/00 but consolidation may precede
The Euro consolidates within narrow range in early Friday, after two-day fall hit nine-month low at 1.1356 on Thursday.
The ECB left interest rates unchanged as expected, but central bank's president Mario Draghi, in his balanced…
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Break below key supports at 112 zone to provide bearish signal
The Japanese yen advanced on risk aversion in early Friday's trading and tests again key supports at 112.00 zone (trendline support / 55SMA) which so far resisted several attacks.
Despite fresh weakness, mixed daily techs do not provide…
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Risk aversion pushes Aussie through 0.7040 base
Strong risk-off mode pushed Australian dollar through 0.7040 base in late Asian trading on Friday, signaling continuation of larger downtrend, interrupted by 0.7040/0.7159 correction.
Break below 0.7040 pivot exposes psychological 0.7000…
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Bears resume after brief pause
Cable accelerated to new seven-week low after broader bears ended narrow recovery during Asian / European trading, with fresh weakness of Euro, pulling sterling lower.
Also, the greenback was higher across the board on strong Wall St start…
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The Euro extends weakness after unchanged ECB / Draghi
The Euro dipped to new nine-week low at 1.1370, maintaining strong bearish bias and lacking stronger excitement as unchanged ECB was in line with expectations and balanced comments of President Mario Draghi offered nothing new.
The single…
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Lira firms after unchanged CBRT
The Turkish lira firmed on Thursday after the CBRT left interest rates unchanged at 24%, as expected.
The USDTRY pair holds in red for the second straight day after corrective action from new 10-week low at 5.5182 (18 Oct) stalled at…
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Broken 200SMA caps recovery for now
WTI oil holds steady on Thursday and attempts higher again after recovery was rejected at $67.70, after short-lived probe above strong barrier at $ $67.44 (200SMA) on Wednesday.
Wednesday's daily candle with long upper shadow was negative…
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Bears could be further delayed while 0.7055 support holds
The Aussie dollar bounces after repeated rejection at strong 0.7055 support today, as downside attempts in past two days stalled here.
Momentum broke into positive territory and slow stochastic is about to reverse from oversold zone,…
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Risk of reversal after bears failed at key supports
The pair extended weakness to 111.81 on Thursday, as yen benefited from recent risk aversion, but probe through key supports at 111.96 (rising 55SMA / trendline support) were so far short-lived, despite magnetic daily cloud twist (111.47).…
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