Consolidative / corrective action seen as positioning for fresh bears
Cable holds within tight consolidation just above daily cloud top (1.3012) following steep fall in past two days, when the pair registered 1.24% fall, with yesterday's fall marking the biggest one-day loss in Oct.
Bears are taking a…
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Bears pressure key supports; risk of deeper fall on break
The Euro moves lower in early European trading after holding within tight consolidation in Asia on Friday and looking for eventual attack at key supports at 1.1432/22 (09 Oct spike low / Fibo 76.4% of 1.1300/1.1815 ascend).The pair was down…
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Bears keep control but need firm break below Monday’s low
Cable attacks 1.31 support after recovery attempts stalled at 1.3130 (broken Fibo 38.2% of 1.2921/1.3257 upleg), as dollar returns to bullish path for extension of hawkish Fed-inspired rally.
The pound initially showed mild reaction on…
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Euro remains at the back foot but bears lack strength for break below 1.1476 Fibo support
The Euro is back to weakness in early US trading, after bears took a breather earlier today on bounce from session low (1.1481) ton 1.1527, where 10SMA capped upticks.
Near-term structure remains weak after the single currency fell sharply…
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Extension of Wed’s strong fall eyes daily cloud base
WTI oil holds firm negative tone on Thursday and extends previous day's strong losses, when crude was down 3%.
Stronger than expected build in US crude inventories (6.49 mln bls vs expected 1.6 mln bls build) sparked strong bearish…
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Aussie bounces from dangerous zone but faces strong obstacles
The Aussie dollar regained traction and bounced from lows at 0.7105 (Wed / today), reversing a part of previous day's losses, after the greenback accelerated on hawkish Fed.
Strong unemployment data, released in early Asian trading (Sep…
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Recovery faces strong headwinds at 112.74 Fibo barrier; risk of reversal exists
Two-day recovery from new one-month low at 111.62, boosted by reduced safe-haven demand and signals that Fed would continue to hike interest rates, faced strong resistance at pivotal 112.74 barrier (Fibo 38.2% retracement of steep…
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Strong bearish signals on close below daily cloud / Fibos for test of key 1.1432 support; cloud base…
The Euro extended weakness to new one-week low at 1.1418 in early European trading on Thursday but bears face headwinds from nearby target at 1.1476 (Fibo 76.4% of 1.1432/1.1621 upleg).
Strong fall on Wednesday (the biggest one-day loss in…
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Extended weakness eyes daily cloud top; UK retail sales / Brexit talks in focus
Cable holds in red for the second consecutive day and extends previous day's 0.51% fall, driven by UK inflation miss and weakness of the Euro.
In addition, hawkish tone from minutes of Fed's Sep meeting, which confirmed that the central…
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Oil prices fell sharply after stronger than expected crude inventories build
WTI oil fell over $1 and broke below psychological $70 support after EIA crude stocks report showed unexpected build of US crude inventories last week.
Crude stocks rose 6.49 million barrels, compared to previous week’s build of 5.89…
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