Pound stands at the front foot after double-Doji; UK retail sales eyed for fresh signal
Cable ticks higher in early European trading after trading within tight range in Asia on Thursday and probes again above key barriers at 1.3159/62 (falling 100SMA / Fibo 61.8% of 1.3472/1.2661).
Strong indecision is signaled by double Doji…
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Bulls show strong hesitation at 112.37 Fibo barrier, keeping in play risk of top formation
Wednesday’s action remains directionless for now and shaped in Doji candle, as bulls show hesitation after strong rally on Tuesday.
Conflicting daily studies (overbought slow stochastic in sideways mode and strengthening momentum) provide…
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News hit pound’s bulls and offset positive impact from upbeat UK CPI data
Cable dipped 0.7% and hit session low at 1.3096, following report in The Times that UK PM May could reject EU offer on Irish border.
The news soured sentiment, bringing pound under increased pressure, after the currency advanced to new…
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Oil stocks build harms positive sentiment; EIA report eyed for fresh signal
WTI oil maintains firm tone and holding above thickening daily cloud top on Wednesday, but the upside attempts were so far limited, following strong upside rejection at $70.40 on Tuesday.
Oil prices were initially boosted by news that…
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Aussie extends recovery on fresh risk-on mode
The pair holds in firm bullish mode for the third straight day and extends recovery leg from 0.7141(17 Sep trough) to probe through falling 30SMA (0.7244) and pressure key Fibo barrier at 0.7256 (61.8% of 0.7362/0.7085 descend).
Fresh…
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Cable stands at the front foot ahead of EU summit / UK CPI data
Cable stands at the front foot in early Wednesday’s trading and probes again above key barriers at 1.3162/63 (falling 100SMA / Fibo 61.8% of 1.3472/1.2661 descend, where the action in past two days faced strong headwinds.
Bullish techs…
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Risk of upside stall on trade war escalation and fresh risk aversion
The maintains bullish bias on Tuesday but gains were so far limited as the price fell quickly from new high at 112.27, posted in early Europe.
Expectations that China will retaliate to the newest US package of tariffs increases concerns of…
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Brent oil rallies after Saudi said ok for rise above $80
Brent oil accelerated strongly higher on Tuesday, bringing psychological $80 barrier in focus again (after last week’s attempt stalled at $80.10) after Saudi Arabia agreed with short-term price rise and said they are comfortable with Brent…
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Aussie maintains bullish bias and looks for break above falling 20SMA
The AUDUSD pair maintains bullish bias and looks for retest of last week’s recovery high at 0.7229, after bulls regained traction and rallied from Asian session low at 0.7144.
The Aussie reacted on the latest decision of the US to impose…
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Bull are taking a breather after initial attack at 100SMA failed
Cable ticked lower on Tuesday after attempts to extend previous day's rally faced headwinds from strong resistances at 1.3162/67 (Fibo 61.8% of 1.3472/1.2661 / falling 100SMA).
Bulls may take a breather, with consolidative / corrective…
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