The pair holds in red after strong rejection under key Fibo barrier
The pair stands at the back foot on Thursday, with little positive impact from hawkish Fed and weighed by recent talks about higher tariff plan.
Bulls were strongly rejected on Wednesday after rally stalled just ahead of key Fibo barrier…
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Post-Fed weak tone extends ahead of BoE decision
Cable dipped to new almost two-weeks low at 1.3067 in early European trading on Thursday, extending post-Fed weakness.
Probe through higher base at 1.3065 was initial bearish signal, as bearish configuration of daily techs suggests further…
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Probe below triangle support is bearish signal; US jobs data could confirm bearish continuation
The Euro cracked key support at 1.1636 (triangle support line) on Thursday, in extension of bear-leg from 1.1745 (31 July spike high).
Bears extend into third straight day, with strong bearish signal being generated on Wednesday's break…
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Mild reaction on upbeat US private jobs data keep the pair within tight range ahead of FOMC
The Euro eased from session high at 1.1699 as upbeat US jobs data offered mild support to dollar, but remains in overall neutral mode, moving within 25-pips range ahead of today's key event, FOMC policy decision.
Upbeat US ADP private…
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Renewed trade concerns increase pressure on metal’s price
Copper started trading in August in red and was down 2.4% in early trading on Wednesday, pressured by renewed trade war fears.
The metal extends broader weakness, as past two months ended in red with monthly losses of 4.85% (July) and 3.2%…
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Bears probe below 100SMA as pressured by increased output and surprise rise in crude inventories
WTI oil remains under increased pressure and extends weakness on Wednesday, after falling 2.35% previous day.
Tuesday's long red daily candle which formed bearish Outside Day, weighs on near-term action, with oil price being pressured by…
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Renewed trade tensions and weak China’s data keep Aussie at the back foot
The Australian dollar holds in red on Wednesday after three-day rally stalled at previous strong barrier at 0.7440 zone, weighed by renewed trade concerns and lower than expected China's Manufacturing PMI in July.
Strong rejection on…
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Sterling awaits verdicts from the central banks for stronger direction signals
Cable moved higher in early European trading after fall to 1.3095 in Asia found footstep just above strong support at 1.3085 zone (Higher base / 50% of 1.2957/1.3213).
Better than expected UK house price data helped pound but positive…
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Soft tone after strong upside rejection on Tuesday; US data / Fed eyed for stronger direction…
The Euro stands at the back foot and moved lower after weaker than expected German PMI data and European figure coming in line with expectations.
Weak tone on stronger dollar extends on Wednesday, after previous day's strong upside…
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Bulls extend above 112 ahead of Fed
The pair hit new nearly two-week high on probe above 112 handle on Wednesday, in extension of previous day's post-BoJ 0.8% rally (the biggest one-day gains since 11 July).
The dollar was additionally boosted by news that Trump's…
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