Cable bounces from dangerous zone, but bears remain in play; parliament debate on Brexit deal in…
Cable bounced to 1.2750 zone on Wednesday after sharp fall on Tuesday that resulted in spike to 1.2658 low (the lowest since mid-June 2017) after UK PM May suffered defeat at the beginning of five-day parliamentary debate over Brexit plan.…
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The second Doji signals strong indecision; the pair continues to trade within the triangle
The Euro stands at the back foot in early European trading on Wednesday after Tuesday’s rally which probed above trendline resistance was strongly rejected.
The second consecutive Doji candle was left on Tuesday, signaling strong…
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Aussie extends pullback on stronger greenback / downbeat Australian GDP data
The Australian dollar accelerated lower on Wednesday and hit one-week low at 0.7281 in late Asian trading.
News that Beijing agreed to reduce tariffs on US made cars sent US stocks sharply lower and boosted the US dollar.
Downbeat…
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Fresh advance on legal opinion on Brexit improves sentiment but pivotal 1.2850 resistance zone is…
Cable stands at the front foot just ahead of start of the US session on Tuesday, as the pair accelerated higher in European trading on legal opinion from the European Court of Justice that the UK should be allowed to revoke Article 50…
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The yellow metal extends recovery on weak dollar; pressures key barrier at $1243
Spot gold maintains firm tone and extends advance into second straight day. Fresh upside was boosted by weaker dollar on fading US/China trade conflict fears, as well as dovish tones from Fed, which signal that widely expected rate hike in…
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Recovery extension hits two-week high on improved sentiment; OPEC meeting in focus
WTI oil rose further on Tuesday and hit new high of nearly two weeks, in extension of recovery which started from Monday’s gap-higher weekly opening.
The oil was up 2.5% for the day so far and fresh bullish acceleration pressures pivotal…
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Renewed strength pressures 200SMA and could extend to 0.7445 Fibo barrier
The Australian dollar rallies on Tuesday, supported by fresh weakness of US dollar, after RBA decision to keep interest rates unchanged at record low, as widely expected, showed little impact.
Fresh strength attacks Monday’s high at…
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Dollar falls sharply on fading optimism over US/China trade agreement
The dollar was sharply lower in Asia and early Europe on Tuesday (down 0.7% so far) and hit the lowest in more than one week, on surge through pivotal supports at 113.37 and 112.96 (Fibo 38.2% and 61.8% respectively of 112.30/114.03 upleg.…
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Risk of eventual break through 1.2695 pivot in play while 10SMA caps upticks
Cable attempts to recover ground and moved higher in early European trading on Tuesday, after strong upside rejection on Monday and subsequent weakness that was contained by key near-term support at 1.2695 (30 Oct low).
Extended…
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The Euro remains bid but still unable to break pivotal barriers at 1.1400 zone
The Euro remains bid in early Tuesday’s trading and pressures again pivotal 1.1400 resistance zone (Fibo 61.8% of 1.1472/1.1267 / trendline resistance / highs of 29/30 Nov), after Monday’s action ended in long-legged Doji and signaled…
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