Euro regains traction after solid German / EU PMI data but narrowing consolidation likely to extend
The Euro stands at the front foot in the mid-European trading and regains 1.17 handle, after upbeat German PMI data and following EU figure which failed to follow, supported the single currency to move from dangerous zone.
Bounce above the…
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Directionless mode between 100 and 55SMA’s extends
WTI oil price remains in a choppy and directionless mode for the third straight day, on conflicting fundamentals which lack clearer direction signals.
The price rose slightly on Tuesday, keeping temporary base at $67.58, supported by…
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Neutral mode ahead of Australian data
The Australian dollar shows indecision as early Tuesday's trading was shaped in Doji, following Monday's strong close in red after another rejection at strong 0.7440 resistance zone.
Mixed techs show little direction signals (MA's remain…
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Techs warn of reversal but risk of bearish continuation while below 20SMA
The pair stands at the back foot on Tuesday after Monday’s action ended in long-tailed Doji after spiking to 110.75 but closing above rising 20SMA (111.31).
Recovery attempts in early European trading were capped by thick hourly cloud…
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Negative outlook below 10SMA
Cable bounces from the session low at 1.3071, following failure on initial attempt below 5SMA pivot (1.3084, now in sideways mode).
Recovery attempts need to hold below falling 10SMA (1.3141) to keep negative tone, supported by weakening…
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Positive German data eased downside pressure; EU PMI eyed for fresh signals
The Euro moved lower in late Asian / early European trading as dollar firmed on expectations the Fed would continue with rate hikes despite President Trump’s criticism.
Repeated failure at daily cloud base and bearish close on Monday (red…
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Heavy tone after bulls were capped by falling 10SMA
Cable holds at the back foot in early hours of the US trading after attempts to extend strong rally of last Friday were capped by falling 10SMA (1.3158) also 50% retracement of 1.3362/1.2957 bear-leg.
Bids at 1.31 zone (round-figure,…
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Risk of break below 20SMA pivot after another rejection at 0.7440 barrier
The Australian dollar stands at the back foot on Monday and eases below 0.74 handle, following another rejection at strong 0.7440 resistance zone (triple failure was registered last week), as attempts to extend Friday's strong rally lacked…
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Downside pressure eases but directionless while between 100/55SMA’s
WTI oil price moved higher on Monday after Friday's trading ended in Doji with long upper shadow, signaling stabilization and sidelining downside risk.
Oil price rose after weekend's G20 meeting pointed on rising concerns about global…
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Extension of Friday’s strong rally probes into thick daily cloud
The Euro probes into thick daily cloud on Monday, in extension of strong rally last Friday which completed Doji reversal pattern on daily chart.
Extended weakness of the dollar keeps the single currency supported, along with bullish techs,…
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