Sideways mode between 30 and 55SMA’s; ECB eyed for fresh signal
The Euro stands at the back foot in early Wednesday’s trading, but remains within choppy consolidation between 30SMA (1.1557) and 55SMA (1.1612).
Tuesday’s long-legged Doji candle confirms near-term scenario, with focus on Thursday’s ECB…
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Loonie looks for extension of strong advance on signals of NAFTA talks continuation
The USDCAD pair holds in narrow consolidation in early Wednesday’s trading, following strong bearish acceleration in late Tuesday after Canada said was ready to make a concession to the US and continue talks about new NAFTA agreement.
The…
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Gold price eases on rising trade tensions
Spot Gold fell to 2 ½ week low at $1187 on Tuesday, as traders migrated from riskier assets into US dollar after China announced plans to retaliate on recent US tariff decision.
China asks for permission from the WTO to impose trade…
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Bad execution and fresh risk aversion sour n/t sentiment and send pound lower
Cable entered American session on Tuesday in red after full figure dip from new five week high at 1.3087, caused by badly executed sell order, prompted investors to exit long positions.
The pound was hit further by announcement that BoE…
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EURJPY bullish extension stalls on approach to daily cloud top
The cross advanced on stronger Euro, pulled by fresh advance of pound and weaker yen on strong sell-off in Asian emerging markets.
Extension of Monday's strong rally which formed bullish outside day and signaled further upside, stalled on…
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WTI OIL remains in extended sideways mode; US crude stocks data could provide fresh direction…
WTI oil ticked higher on Tuesday, but remains within two-day range, as the price is congested after strong rejections on both sides.
Looming US sanctions on Iran which keep tensions in the markets on tightening supply, keep the price…
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Limited correction before the Aussie resumes lower could be likely scenario
The Australian dollar bounced on Tuesday after posting new, marginally lower multi-month low at 0.7091.
Monday's hammer candle signaled that bears might be running out of steam, with profit-taking expected to accelerate recovery.
Former…
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Fresh bulls attack daily cloud top again
Fresh bullish acceleration on Tuesday turns bias higher after Monday's action showed no clear direction and ended in long-legged Doji.
The Japanese yen was hurt by strong fall of Asian emerging currencies and remains pressured by fears of…
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Euro extends advance into second day; ZEW data eyed for fresh signals
The Euro maintains firm bullish tone on Tuesday and extends the rally of the previous day, when strong advance of sterling boosted the single currency.
Fresh extension higher broke through a cluster of daily MA barriers (5/10/55) and is…
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Cable extends advance on improved sentiment over Brexit; UK jobs data in focus
Sterling accelerates higher in early European trading on Tuesday, following narrow consolidation of Monday's strong rally in Asia.
The sentiment improved after top EU Brexit negotiator said on Monday that the deal could be struck in the…
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