Bullish outlook above 200WMA but initial signs of pullback require caution
The dollar edged lower after US jobs data but dips were contained at 113.63 (Thursday’s low) and just above initial support at 113.52 (rising 10SMA).
Despite headline payrolls missed forecast in Sep, overall picture is positive as upward…
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Weaker NFP boosted Euro but overall bears keep upticks limited
The Euro bounced after weaker than expected US NFP data but gains were so far capped by daily cloud which twists today (1.1545) and attracts.
Recovery might be short-lived as daily bears are firmly in play and US jobs data are overall…
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US jobs data overall positive despite unexpected NFP fall
Market did not show stronger immediate reaction on conflicting numbers of US jobs data for September.
Non-farm payrolls dipped well below 185K expectation and hit the lowest in one year (134K), compared to 18K in Sep 2017.
Despite today’s…
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Bulls in play above 200WMA; US NFP data to provide fresh direction signal
Thursday's close in in red on pullback from double upside rejection at 114.54 (11-month high) was so far seen as positioning for fresh advance, as dip found footstep above initial support at 113.52 (rising 10SMA).
Overall picture remains…
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Steep descend extends and focuses psychological 0.70 support
The Aussie dollar remains in steep descend for the fourth straight day and hit new low at 0.7054 (the lowest since Feb 2016.
Thursday's close below key support at 0.7085 (11 Sep low) was strong bearish signal for continuation of larger…
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Weak tone after recovery was capped by daily cloud; NFP data eyed
The Euro stands at the back foot in early Friday's trading, after Thursday's recovery attempt was strongly rejected and capped by daily cloud base.
Strong bearish stance which lasts for over one week, prevented the pair from stronger…
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Pound extends recovery on positive Brexit news; US NFP data in focus for fresh signals
Pound accelerated higher in early European trading, following narrow consolidation in Asia and extends strong rally from the previous day when the pair gained 0.6%.
Optimistic news about Brexit as EU negotiators said that divorce deal is…
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Cross dips to eleven-week low; 200SMA contains for now; outlook remains bearish
The pair remains in red on Thursday and fell to the lowest since 16 July at 0.8840, where 200SMA contained two-day fall.
The latest comments from Irish PM regarding Brexit offered fresh support to sterling.
Bears look for fresh negative…
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Positioning for fresh upside; weekly 200SMA marks key support
The pair holds in red on Thursday and eases further from new high at 114.64 (the highest since 06 Nov 2017), pressuring initial support at 114.00 (round-figure / rising 5SMA.
Deeper pullback cannot be ruled out as slow stochastic is…
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Little impact from rise of crude stocks / Russia-Saudi deal
WTI oil consolidates within tight range under new nearly four-year high at $76.88 on Thursday.
Strong bullish sentiment remains intact as fears about the impact on global supply on US sanctions on Iran offset much bigger than expected rise…
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