Bullish bias above 10SMA; US NFP eyed for fresh direction signal
The pair jumped to 113.10 high in late Asian trading on Friday, in recovery attempt after two-day pullback and today's action were contained by rising 10SMA (112.55) which also created a bull-cross with 20SMA.
But gains were so far…
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Strong bullish tone ahead of US jobs data
Cable holds firm bullish tone in early Friday's trading and attempts to extend Thursday's nearly 1.8% advance (the biggest one-day rally in 2018), as pound soared on fresh optimism about Brexit deal.
Fresh weakness of the dollar on signals…
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Aussie extends strong recovery rally on optimism of US/China deal and generates signals of major…
The Australian dollar hit five-week high against US dollar at 0.7250 in early Friday's trading, in extension of Thursday's 1.8% rally (the biggest one-day gains since 18 July 2017).
Strong signals of easing trade tensions between US and…
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Sterling up 1.4% on super Thursday trading; scope for further advance on strong bullish sentiment
Cable continues to benefit from positive Brexit news and extends strong advance, being so far up 1.4% in super Thursday trading.The pair kept strong bullish sentiment after BoE stayed pat in expected action on today's meeting but connected…
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Weak ISM data keep dollar at the back foot ahead of US jobs data
The pair lost traction and dipped further, extending pullback from Wednesday's rejection at 113.33.
Broader dollar's weakness on Thursday was boosted by weaker than expected US Oct ISM Manufacturing PMI (57.7 vs 59.0 f/c) and increase of…
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Bears look for further extension after falling over 11% in Oct
WTI oil is holding within narrow consolidation just above key support at $64.43 (16 Aug low) after strong fall previous day (WTI contract was down over $2 on Wednesday).
Oil prices were additionally pressured by increased output from OPEC…
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Neutral near-term mode looks for a catalyst; US NFP data in focus
The pair holds in neutral mode on Thursday after bulls from 111.37 low stalled at strong Fibo barrier at 113.33 but subsequent pullback failed to clearly break below initial support at 112.83 (30SMA), keeping near-term action within tight…
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Bears might get squeezed more on break above double-Fibo barrier at 1.1423
The Euro accelerates higher on Thursday after broader bears stalled ticks ahead of key support at 1.1300 on Wednesday and fresh weakness of the dollar, accompanied with strong advance of British pound, provide relief to the single currency.…
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Strong bullish acceleration on positive data/weaker greenback generates initial bullish signal
The Australian dollar advanced over 1% in Asian trading on Thursday and eventually broke above multi-day congestion.
Fresh rally pressures key near-term static support at 0.7159 (17 Oct high) and eyes another pivot at 0.7180 (55SMA), break…
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Sterling rallies on positive Brexit news; reversal signal is forming on weekly chart
Sterling rallied 0.8% in Asia on Thursday and extends recovery rally from ten-week low at 1.2695, driven by renewed optimism over Brexit talks, after media report that UK PM May reached deal with the EU on financial services.
Brexit theme…
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