Aussie falls to the lowest since early 2016
The Aussie dollar broke through key support at 0.7085 (11 Sep low) and hits new lows (the lowest since Feb 2016) in extension of Wednesday's strong bearish acceleration which resulted in 1.2% fall in one day.
Break below 0.7085 marked full…
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Plethora of resistances between 1.2985 and 1.3021 to cap corrective upticks before bears resume
Cable bounces on Thursday after two-day fall approached key supports at 1.2911/04 (daily cloud base / Fibo 61.8% of 1.2661/1.3297 rally).
Oversold slow stochastic and strong headwinds from 1.29 support zone signal consolidation before…
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Bullish bias above broken weekly 200SMA for 115+ gains
Strong bullish acceleration on Wednesday (the biggest one-day gain since 11 July) hit new eleven-month high at 114.54, as dollar enjoyed strong support from upbeat US data and hawkish tone of comments from Fed chief Powell.
Bulls are…
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Consolidation above new five-week low to precede fresh weakness; weekly cloud base to cap upticks
The Euro is consolidating above new five-week low at 1.1463 in early Thursday's trading, following strong bearish acceleration on Wednesday, sparked by upbeat US private sector jobs data and Services sector showing the strongest activity…
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Dollar rises above 114 on upbeat US data; NFP report eyed for fresh signals
The dollar accelerated higher, boosted by upbeat US private sector jobs data and hit new 11-month high at 114.13 during US session on Wednesday.
Stronger than expected ADP jobs report, which is usually used as an indication for coming US…
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Euro hits session low after upbeat US jobs data boosted dollar
The Euro stands at the back foot in early American session and hit new low 1.1527, after better than expected US jobs data boosted dollar. ADP report showed that US private sector added 230K jobs in September, beating forecast for 187K new…
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Bulls may extend consolidation before resuming; US crude stocks data eyed for fresh signal
WTI oil price rose on Wednesday after shallow dip to $75 previous day, but remains under new four-year high at $75.89, posted yesterday.Overall sentiment is bullish, as concerns about the impact on US sanctions on Iran rise and keep markets…
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Strong bearish signal on close below 0.7172 Fibo support
The Aussie dollar holds in red for the second straight day and extends weakness to new three-week low at 0.7156 on Wednesday.
Fresh weakness broke below pivotal support at 0.7172 (Fibo 61.8% of 0.70850.7314 rally), in the second attempt…
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Bulls remain fully in play above broken weekly 200SMA
The pair regained traction and moves higher on Wednesday, after previous day's shallow consolidation was contained at 113.50 zone.
Firm bullish stance remains intact above broken key barriers at 113.30/18 (Fibo 61.8% of 118.66/104.63 /…
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Bearish structure favors limited recovery ahead of fresh weakness
Cable moved higher and regained 1.30 handle in early Wednesday's trading, after previous day's bearish acceleration stalled at 1.2940.
Pound followed Euro's recovery on news from Italy, but limited upside attempts could be likely scenario,…
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