Recovery extension cracks key barriers at 0.7200 zone, helped by strong Australian data / signals of…
Recovery from new 2 ½ year low at 0.7085 picks up and extends on Thursday, following previous day's strong bullish acceleration.
Strong Australian jobs data in August, released overnight, helped fresh bulls to break above initial barrier…
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Bulls regain traction and look for renewed attack at daily cloud top
Near-term action holds in the upper part of thick daily cloud on Thursday and heads towards cloud top (111.58) after repeated rejection here and subsequent dip on Wednesday.
Bullishly aligned daily techs maintain bullish bias, but cloud…
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Brent risks deeper pullback on oil demand concerns / weaker techs
Brent oil holds in red on Thursday and pulls back from previous day's high at $80.10 (the highest since 22 May).
Rising concerns about slowdown in global energy demand on growing trade tensions between two largest oil consumers, the US and…
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Falling daily cloud and double-Doji weigh on bulls; BoE eyed for fresh signals
Double long-legged Doji candles in past two days warn that bulls might be running out of steam as recent rally faces strong headwinds from falling and widening daily cloud (cloud base lays at 1.3060 today).
Daily slow stochastic is…
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Near-term bulls could be harmed by dovish ECB message
The Euro maintains bullish tone above 30SMA (1.1560) and holding in green for the fourth straight day, but upside remains capped by thin daily cloud.
Risk of another upside failure exists as 14-d momentum on daily chart is weakening and…
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Oil advances further after US crude stocks fell below expectations
WTI oil accelerated higher after US weekly crude stocks data showed much stronger than expected fall in oil inventories.
Weekly stocks fell by 5.29 million barrels, vs 1.3 million barrels draw forecasted and also overshot previous week’s…
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Loonie extends strong rally against greenback
The pair resumed descend in early hours of US session after holding within narrow consolidation during European trading.
Fresh weakness comes as extension of previous day’s strong fall, sparked by optimistic tone about NAFTA agreement…
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USDJPY accelerates lower after repeated failure at cloud top; weak US data helped
Weakness after another failure at daily cloud top (Tuesday’s rally closed above cloud and peaked at 111.65 and high was retested today before reversal) extended in early hours of US trading on Wednesday.
Weaker than expected US PPI data…
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Bulls consolidate after 3.5% rally; further upside likely
WTI oil holds within narrow consolidation on Wednesday after strong 3.5% rally previous day, which marked the biggest one-day gains since 22 June.
Rising fears about the impact of Hurricane Florence which is moving towards the US east…
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Aussie holds in extended consolidation before broader bears resume
Bears are taking a breather above new over 2 ½ year low at 0.7085, but upside attempts were so far limited.
Selling Aussie remains favored as hedge on rising fears about trade war escalation, with upticks seen as positioning ahead of fresh…
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