Correction on oversold studies to precede fresh weakness
The pair bounces from one-month low on Tuesday, as selloff in global stock markets eased, reducing safe-haven demand.
Japanese yen advanced in past two weeks on strong fall in stock markets as well as uncertainty over US/China trade war,…
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Constructive above daily cloud but strong barriers ahead limit advance; ZEW data in focus
The Euro tracks sterling and moved higher in early European session, after narrow range in Asia, with daily cloud top offering solid support (1.1569) and keeping the downside protected.
Conflicting daily techs send mixed signals, as break…
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Sterling holds positive tone ahead of UK earnings data
Cable remains constructive and pressures 1.3200 barrier, as fresh strength broke above previous day's high at 1.3181 and also dented pivotal Fibo barrier at 1.3191 (Fibo 61.8% of 1.3257/1.3083 bear-leg) in early Tuesday's trading.
The pair…
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Sterling stands at the front foot ahead of PM May’s statement on Brexit to the parliament
Cable holds near session high at 1.3181 in early hours of US trading and awaiting PM May's statement to UK parliament on Brexit, scheduled at 14:30GMT.
Sterling opened with gap-lower on Monday after Brexit talks over the weekend stalled,…
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The Euro extends recovery, supported by risk aversion / weaker than expected US retail sales
The Euro stands at the front foot in early US trading on Monday and extends bullish acceleration which started at the beginning of European session.
Fresh risk aversion helped single currency to fully reverse Friday's losses and generate…
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Saudi tensions boost oil price but key barriers still hold
WTI oil moved higher in early Monday’s trading, in extension of recovery from $70.49 (11 Oct low), after bullish close on Friday signaled stabilization following strong fall on Wed/Thu last week.
Rising tensions over missing Saudi…
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Pullback found footstep but limited upside prospect seen on weak daily techs
The Euro extended weakness in early Monday's trading, following Friday's close in red, but dip found footstep at 1.1538 (just below daily cloud base / Fibo 38.2% of 1.1432/1.1610 upleg).Profit-taking after strong rally last Wed/Thu was so…
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Fresh recovery looks for break through Fibo barrier at 0.7145
The Aussie dollar holds positive tone on Monday and accelerated higher in European trading, on positive signals from China and weaker greenback.Fresh rally pressures pivotal barrier at 0.7145 (Fibo 38.2% of 0.7314/0.7041 bear-leg), break of…
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Yen continues to rise on strong safe-haven demand
The pair accelerated lower on Monday, extending last week's fall, which marked the biggest weekly loss since the second week of February.
Fresh weakness emerges after consolidation of last Thu/Fri, shaped in double long-legged Doji.…
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Focus turns lower after Monday’s gap-lower opening on negative Brexit news
Cable opened with gap-lower at the beginning of the week, holding negative tone following last Friday’s bearish close with 0.57% daily loss.
Sterling came under increased pressure as British efforts to secure Brexit deal failed on talks…
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