Euro eases after failure on triangle resistance as dollar rallies
The Euro ran out of steam and fell back to daily lows at 1.1700 and erased all gains of the day, as fresh dollar’s strength put the single currency under pressure.
Initial probe through triangle resistance at 1.1740 (session high was at…
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USDJPY surges on US-CHINA renewed talks news; solid US data
The dollar surged to the highest levels in past seven days against yen, on news that US and China are to restart talks in attempt to avert growing risk of a trade war between world’s two biggest economies.
In addition, data released today…
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Turkish lira falls to one week low on fears on higher than expected inflation
The USDTRY ticked higher and hit session high at 4.9217 on Tuesday (one week high) but failed to hold gains.
Fresh weakness of lira was sparked by CBRT’s inflation forecast for the rest of the year and for 2019 which was revised higher, as…
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Falling 10SMA continues to cap and maintain bearish bias; FOMC verdict eyed for stronger signal
Spot Gold moved lower on Tuesday, maintaining negative near-term tone, with the bear-leg of past five days being capped by falling 10SMA.
Bearish techs maintain negative outlook which may result in retesting key support at $1211.
FOMC…
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Oversupply concerns keep gains limited under pivotal barrier at $70.20
WTI oil holds in red and eased to $69.55 on Tuesday, reversing a part of previous day's strong rally, as report showed that OPEC output rose to the highest this year, raising concerns about oversupply.
However, pullback was so far limited…
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Bullish bias above 0.74 handle
The Australian dollar rallies for the third day and hit session high at 0.7433, supported by strong Australian building data, with weaker than expected China PMI data, showing no impact.
The pair eased in early European trading but holds…
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Bulls could extend to MA barriers and bear-channel resistance but BoE is expected to be key driver…
Cable stands at the front foot on Tuesday and pressures previous day's high at 1.3152, to extend gains towards converged 20/30SMA's (1.3169/75) which guards channel resistance at 1.3219.
Daily techs are slightly improved and supportive for…
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Bulls pressure triangle upper triangle boundary; data could help
The Euro maintains bullish tone on Tuesday and extends rally from 1.1620 trough into third straight day.
Monday's strong rally which resulted in penetration and close in the daily cloud, was bullish signal.
Fresh strength broke above…
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Initial range remains intact after BoJ; Fed eyed for stronger signals
The pair spiked to one-week high at 111.46 after BoJ decision, but gains were so far short-lived and capped by sideways-moving 20SMA, reinforced by formation of bear-cross with falling 10SMA, keeping week-long congestion intact.
The Bank…
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Bullish tone in early US trading as fresh bullish acceleration penetrated daily cloud
The Euro stands at the front foot in early US trading and probes above 1.17 barrier. Fresh strength was sparked by solid German CPI data and weaker dollar, broke through a cluster of daily MA's and penetrated thick daily cloud, which…
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