EURUSD holds bullish bias and probes above key Fibo / 20SMA barrier
The Euro stands at the front foot and accelerates higher in early European trading, following narrow consolidation in Asia.
Bulls remain in play after Tuesday's dip to 1.1652 proved short-lived as probe through key barrier at 1.1753…
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AUDUSD rose after upbeat GDP data and pressures key barriers at 0.7675/88
The Aussie dollar accelerated higher in early Wednesday's trading and hit 1 ½ month high at 0.7672, boosted by better than expected Australian GDP, which rose 1% in Q1, beating the forecast at 0.8%.
Annualized figure came at 3.1% vs…
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EURGBP – strong bearish signal on probes below daily cloud top
The cross dipped on Tuesday as sterling rallied on better than expected UK data and euro came under pressure on rise of Italian bond yields after new PM promised to bring radical changes to the country.
Fresh weakness nearly fully reversed…
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GBPUSD rises on upbeat UK Services PMI data; focus turns towards key 1.3410 barrier
Cable rallied on higher than expected UK Services PMI data which rose to 54 in May (the highest since Feb) beating forecast at 52.9.
Fresh bullish acceleration from pre-data low at 1.3333 hit session high at 1.3384 and also broke above…
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SPOT Gold – directionless between $1291 Fibo support and 10SMA at $1297
Spot Gold holds in a narrow range on Tuesday and confirms indecision after Monday’s action ended in Doji candle with long upper shadow.
Overall structure remains bearish, but the price is struggling at $1291 pivot (Fibo 61.8% of…
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WTI OIL – consolidation above daily cloud base to preceded fresh downside
WTI oil price is slightly higher in early Tuesday’s trading, consolidating strong fall of past three days. Oil was down nearly 5% on last Thu/Mon fall from $68.26 to $64.57, being under strong pressure on rising US production and concerns…
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USDJPY may show further hesitation ahead of key Fibo / 200SMA barrier at 110.15
The pair holds positive tone on Tuesday and eyes key barrier at 110.15 (Fibo 61.8% of 111.39/108.11 bear-leg, reinforced by 200SMA).
Monday’s close above a cluster of barriers between 109.40 and 109.80 (consisting of 10/30/20SMA’s and…
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GBPUSD holds within tight range; UK Services PMI could provide fresh direction signal
Cable is moving around falling 10SMA (1.3315) and holding within narrow range on Tuesday, after Monday’s action stalled on approach to key barrier at 1.3410 (falling 20SMA / 50% retracement of 1.3617/1.3204).
Subsequent easing resulted in…
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EURUSD – positive tone above 10SMA focuses next key barrier at 1.1753
The Euro moves within tight range in early Tuesday’s trading but maintains positive tone after bullish signal was generated on eventual close above falling 10SMA and Fibo 38.2% of 1.1996/1.1509 bear-leg on Monday.
Scope exists for renewed…
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AUDUSD – bulls consolidate under falling daily cloud; no impact from RBA
The Aussie dollar eases in early trading on Tuesday, consolidating Monday’s strong advance (the biggest one-day rally since 21 Mar). The pair was up 1.10% on Monday, driven by upbeat Australian data and weaker greenback.
The RBA released…
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