WTI surges to 2 ½ month high on rising concerns over Iran sanctions
WTI oil opened with gap-higher on Monday and rallied strongly, hitting new high at $72.36 (the highest since 11 July) driven by concerns about upcoming US sanctions on Iran, which already caused a fall in Iran’s oil export.
Tightening…
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Aussie was hit by China’s decision but dips were limited so far
The Aussie dollar holds in green after gap-lower opening on Monday and hitting new low at 0.7252, but recovery attempts were so far limited, with Asian high at 0.7281 being so far intact.
Announcement that China is pulling out of trade…
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Risk of deeper pullback exists but bulls will remain intact while 112.40 support holds
The pair consolidates above session low at 112.40, posted after Monday's gap-lower opening, as China cancelled trade talks with the US.
Strong upside rejection on Friday (112.87) could be initial signal of pullback, with scenario being…
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Weak tone at the beginning of the week, but dips remain limited for now; FOMC meeting eyed
The Euro stands at the back foot in early Monday's trading, following Friday's close in red after strong rejection at psychological 1.1800 barrier and failure to close above cracked 1.1780 Fibo barrier (38.2% of 1.2555/1.1300 descend).…
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Recovery attempts under way after Friday’s fall was contained by top of thick daily cloud
Cable moved higher in early Monday's trading, consolidating above thick daily cloud, after cloud top contained Friday's sharp fall and continues to support the action.
Sterling crashed on Friday after Brexit-negative news, but Monday's…
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Sterling slumps on signals of Brexit talks stall
Sterling crashed on Friday, losing 1.45% for the day so far, on dip to session low at 1.3063, driven by signals that Brexit talks stalled.
UK PM May said the UK and EU Brexit negotiations are at an impasse after the EU rejected proposals…
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Fresh recovery offsets downside risk but break of key barrier at $71.17 needed for bullish signal
WTI oil regained traction and managed to cover a part of previous day’s losses, sparked by President Trump’s request to OPEC to lower prices.
Oil bounced from $70 zone where yesterday’s pullback found support, keeping overall bullish bias…
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Bulls may take a breather before attacking strong resistance at 0.7312
The Aussie dollar maintains firm bullish tone and rallies for the fifth straight day, to crack psychological 0.7300 barrier and hit new three-week high at 0.7304.
Bulls show signs of fatigue on approach to strong barriers at 0.7312 (Fibo…
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Bulls eye key barriers at 113.20 zone; dip buying remains favored
The pair hit new two-month high at 112.87 on Friday, in extension of broader uptrend, after fresh bullish signal was generated on Thursday’s close above 112.37 (Fibo 76.4% of 113.17/109.77 fall).
Bullish techs suggest further gains for…
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Bulls are consolidating around pivotal 1.1780 barrier before continuing rally
The Euro is consolidating in early Friday’s trading after 0.9% rally previous day (the biggest one-day gains since 29 June) and facing strong headwinds from pivotal Fibo barrier at 1.1780 (38.2% 1.2555/1.1300).
Thursday’s rally was capped…
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