Oil stands at the back foot and looks for fresh signals from crude inventories report
WTI oil is holding within tight consolidation in early Thursday's trading after strong two-day fall. Oil prices came under pressure on increasing turbulence in emerging markets and concerns about the trade conflict between the US and China,…
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USDJPY continues to face very strong headwinds from daily cloud top
The pair moved lower in early Thursday's trading after, continuing to fight with daily cloud top, which proved to be strong barrier.
Wednesday's failure to close above cloud, following spike to 111.75 and repeated rejection at cloud top…
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Aussie maintains bearish sentiment after limited impact from better than expected data
The Australian dollar slipped from session high at 0.7210 in late Asian trading, following short-lived advance after better than expected Australian trade data (trade surplus A$1.55 bn vs 1.46 bn f/c).
Prevailing bearish sentiment on…
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Sterling maintains bullish bias after Brexit news improved sentiment
Cable holds firm tone in early Thursday's trading after previous day's strong rally on breakthrough from Brexit talks.
The pair spiked to 1.2983 on Wednesday but was unable to hold gains and pulled back to 1.2900 zone, where it closed for…
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The Euro remains firm but lacks momentum for extension through thin daily cloud
The Euro is consolidating strong gains from the previous day, after rally of British pound dragged the single currency.
Thin daily cloud (1.1662/1.1678) also attracts fresh bulls for break higher and attack at falling 100SMA (1.1710) and…
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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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