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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Pound pulls back from new high as Brexit concerns rise after comments from UK minister
Cable dipped to session low at 1.3214 at the beginning of European session on Friday, on comment from UK minister that there will be no Brexit deal unless the European Union softens its position on the Irish border.
Pound rallied nearly 1%…
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Euro rallies almost 1% as dollar falls across the board
The Euro was up nearly 1% on Thursday, driven by weaker dollar as global concerns about trade war started to fade and markets expect Fed’s likely rate hike next week to have negative impact on the greenback.
Persisting concerns about the…
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Pound surged to 1.33 zone on upbeat UK data / weak dollar
Cable rallied strongly on Thursday, supported by weaker dollar and upbeat UK retail sales (Aug m/m 0.3% vs -0.1% f/c / core Aug m/m 0.3% vs -0.2% f/c; y/y Aug 3.3% vs 2.3% f/c / core Aug y/y 3.5% vs 2.5% f/c).
The pair surged through…
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