Further rise in inflation could undermine lira’s bulls
The US dollar trades slightly higher against Turkish lira on Monday, as disappointing results of Turkey's Oct inflation raise concerns.
The lira advanced strongly after CBRT's massive rate hike in September, gaining nearly 10% against its…
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Aussie maintains positive tone but key Fibo barrier still holds; RBA and US elections in focus
The Australian dollar remains constructive on Monday and attacks again key Fibo barrier at 0.7202 (Fibo 61.8% of 0.7314/0.7020) after two consecutive attempts last week failed to close above.
Friday's spike to 0.7258 (the highest since 27…
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Bulls look for final break above key 113.33 Fibo barrier
The pair maintains positive tone at the beginning of the week and retested key barrier at 113.33 (Fibo 61.8% of 114.54/111.37) which repeatedly capped upside attempts last week.
Upbeat US jobs data on Friday boosted the dollar, but bulls…
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Strong upside rejection on Friday risks reversal
The Euro trades within narrow range in early Monday, capped by the base of thick 4-hr cloud, with near-term risk being shifted lower after strong upside rejection (recovery was capped by falling 20SMA), which left bearish daily candle with…
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Conflicting news and neutral techs keep pound in sideways mode but risk of pullback exists
Cable is holding around 1.30 handle in early European trading on Monday, after starting the week with gap-higher and hitting session high at 1.3024.
The media report over the weekend about an all-UK customs deal, initially supported the…
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Limited impact from upbeat US NFP data but bulls may hold in extended consolidation before resuming
Cable dipped to the session low at 1.2982 after US jobs data beat, which inflated dollar, but pound's weakness was so far limited.
US No-Farm payrolls jumped to 250K in Oct, well above Sep downward-revised at 118K and forecast for 193K,…
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Bears take a breather ahead of fresh downside
WTI oil is consolidating above new seven-month low at $63.10, hit on Thursday after steep four-day fall from $67.93 lower top.
Easing global supply concerns on increased production of world’s top oil producers, which aim to offset negative…
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Strong recovery extends ahead of US jobs data
The Euro holds strong bullish tone on Friday and extends recovery rally from 1.1302 low into second day.
After falling 10SMA, which limited Thursday’s action, was taken out, bulls generated fresh signal on break above double-Fibo pivot at…
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Bullish bias above 10SMA; US NFP eyed for fresh direction signal
The pair jumped to 113.10 high in late Asian trading on Friday, in recovery attempt after two-day pullback and today's action were contained by rising 10SMA (112.55) which also created a bull-cross with 20SMA.
But gains were so far…
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Strong bullish tone ahead of US jobs data
Cable holds firm bullish tone in early Friday's trading and attempts to extend Thursday's nearly 1.8% advance (the biggest one-day rally in 2018), as pound soared on fresh optimism about Brexit deal.
Fresh weakness of the dollar on signals…
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