Fresh weakness was sparked by strong UK and weak German data
The cross accelerated lower on Tuesday as pound rallied on strong earnings data and Euro came under increased pressure on German ZEW miss.
Fresh bears dipped to 0.8754, marking over 61.8% retracement of 0.8723/0.8825 recovery leg…
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Oil prices stand at the back foot ahead of crude inventories reports
WTI oil was lower on Tuesday after recovery attempts previous day stalled and daily action ended in long-legged Doji, signaling strong indecision.
The prices came under pressure on report that production of US shale oil hit record high and…
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Downbeat ZEW data softened near-term tone
The Euro eased and probed through daily cloud top (1.1570) after disappointing ZEW data.
German economic sentiment weakened on fall well below expectations as Oct release at -24.7 (the lowest since July) strongly undershot forecast at…
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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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