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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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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