Sterling surges on news about UK/Germany Brexit deal
Sterling surged across the board on Wednesday after report that British and German governments have abandoned key Brexit demands, in attempts to open way for Britain to easier reach the deal with the European Union.
Surprise decision…
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EURUSD slightly bid on solid data but lacks firmer direction signal
The Euro holds slight bid tone at the beginning of the US session, pressuring again 1.1600 barrier, after EU Composite PMI came forecast in August (54.5 vs 54.4 f/c, but positive impact was partially offset by weaker than expected retail…
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Gold risks further weakness if recovery attempts stall
Spot Gold consolidates above new low at $1190, posted on Tuesday, with evidence of basing attempt supported by growing momentum and slow stochastic in sideways mode at the border of oversold zone.
Recovery action was so far capped by…
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WTI holds negative near-term tone after strong upside rejection
WTI oil price stands in red and below thin daily cloud, following previous day's bearish close after bulls were strongly rejected at $71.38 and subsequent quick pullback returned and closed below $70 handle.
Concerns about negative impact…
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Aussie falls after short-lived rally on upbeat Australian GDP data
The Australian dollar hit new multi-month low at 0.7143 on Wednesday, on fresh weakness that emerged after short-lived rally on upbeat Australian GDP data (annualized GDP was up 3.4% in Q2 vs 2.8% f/c and 3.1% in Q1).
Post-data spike to…
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USDJPY bulls probe again above daily cloud top
Extension of Tuesday's rally spiked to 111.71 on Wednesday, on probe through pivotal daily cloud top barrier (111.57).
Break was not sustained so far, as the price returned below cloud top, but scope for eventual break and close above…
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Sterling holds in red and probes again below 20SMA
Cable moves lower in Early Europe and reverses the most of 1.2810/59 recovery, offsetting positive signal from Tuesday's hammer candle, formed after failure to clearly break 20SMA pivot (1.2840).
Persisting negative sentiment on Brexit…
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The Euro remains at the back foot and probes again through cracked pivotal supports
The Euro accelerates lower in early European trading after recovery attempts from Tuesday's spike low at 1.1530 during late US session on Tuesday and Asian session on Wednesday, stalled near 55SMA (1.1615).
Fresh weakness offsets positive…
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Upbeat US data underpin dollar for final break above daily cloud top
The pair rallied and holding near daily high at 111.53, maintaining strong pressure on daily cloud top (111.57) after receiving fresh boost from upbeat US data.
US manufacturing PMI came well above forecast (Aug 61.3 vs 57.6 f/c), hitting…
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USDCAD rallies through series of significant barriers
The pair accelerated higher on Tuesday, extending strong recovery rally from 1.2887 (28 Aug low) into fourth straight day.
Fresh bulls, boosted by rising fears about escalation of US/China trade tensions, broke above significant barriers…
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